Does New York Life pay their employees well?

According to anonymously submitted Glassdoor reviews, New York Life employees rate their compensation and benefits as 3.5 out of 5. Find out more about salaries and benefits at New York Life. This rating has decreased by 2% over the last 12 months.

How satisfied are employees working at New York Life?

62% of New York Life employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated New York Life 3.8 out of 5 for work life balance, 3.8 for culture and values and 3.6 for career opportunities.

What are the top reviewed jobs at New York Life?

Agent (669) , Insurance Agent (640) , Financial Services Professional (253) , Financial Advisor (227) , Senior Associate (138) , Registered Representative (137) , Intern (102) , Financial Services Representative (98) , Life Insurance Agent (98) , Insurance Sales Agent (97) , Financial Professional (95) , Corporate Vice President (86) , Customer Service Representative (83) , Partner (57) , CVP (54)

What are the pros of working at New York Life according to real employee reviews?

"Great training and a strong roadmap for career longevity if you can make it in the beginning" ((in 547 reviews)); "Great hours and people that work there" ((in 337 reviews)); "Great benefits as well (they have a pension program!!!!!!!!)." ((in 318 reviews)); "Great work/life balance (though the tighter restrictions and rules around Work at Home has gotten ridiculous)" ((in 202 reviews)); "A great culture based in giving and many events to attend if you have time." ((in 187 reviews))

What are the cons of working at New York Life according to real employee reviews?

"Captive agent and since this is a commission only position you can get into financial difficulties if you are having a bad month production" ((in 317 reviews)); "no salary for all the time and effort you have to put in unless in management." ((in 234 reviews)); "Poor management and lack of help." ((in 172 reviews)); "The reason someone makes a good manager at NYL is because they know how to sell people." ((in 107 reviews)); "Unethical behavior by upper management inauthentic sales they are use to selling a dream and they do it well." ((in 35 reviews))

What are employees saying about New York Life layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about New York Life layoffs and their outlook for job security at New York Life in 2026.

Skip to content Skip to footer

Notifications

New York Life

New York Life reviews

3.7

62% would recommend to a friend

(5,474 total reviews)

Craig DeSanto

76% approve of CEO

62% positive business outlook

Ratings by category

4.2

Diversity & inclusion

3.8

Culture & values

3.8

Work/Life balance

3.6

Senior management

3.6

Career opportunities

3.5

Compensation and benefits

New York Life has an employee rating of 3.7 out of 5 stars, based on 5,474 company reviews on Glassdoor which indicates that most employees have a good working experience there. The New York Life employee rating is in line with the average (within 1 standard deviation) for employers within the Seguros industry (3.6 stars).

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

5K reviews

3.0

Nov 3, 2008

Stable, solid and old-fashioned place to work

Senior applications specialist

Recommend

CEO approval

Business Outlook

Pros

Very good benefits; A real old-fashioned pension; Company-wide respect for employees' quality of life; minimal pressure; rarely necessary to work overtime or weekends; free gym on site; free blood tests, cholesterol screening and other health needs available on site; company is stable and appears financially strong and sound; employees are given half-day Fridays in July and August.

Cons

Management tends to stick with the "known" and can be resistant to innovation and change; some employees in management positions appear to have been given promotions solely due to seniority and not for proven competence.

4.0

Oct 11, 2008

From marketing

Marketer

Recommend

CEO approval

Business Outlook

Pros

The company is very conservative when it comes to managing the business. They have the highest ratings from all four rating agencies. Most likely, your job will go nowhere. New York Life also pays a good salary, but this depends on your job there, of course. Their actuaries in the entry level I would guess are one of the best paid. The job is not so stressful. Deadlines do not come very often. And I do not think they have laid off people too often. In short, your job is safe and secure. Management is readily available. Good benefits. They give a small bonus at the end of the year too. In my marketing department, salaries were not bad, at least the average out in the market.

Cons

1. Very conservative culture. I do not mean this politically. I mean this in terms of business strategy. They do not like to try new things. They will stick with the basic life insurance. This actually might end up being a good thing. I wish the bonus pools were bigger, closer to that of an investment bank, because we are policy owner owned. They should care less in making their already big reserve surpluses bigger and pay much bigger bonuses.

4.0

Sep 28, 2008

Good company to work for, particularly in tough times

Project manager

Recommend

CEO approval

Business Outlook

Pros

Stable company that cares about employees. Less backstabbing than in many other large companies.

Cons

Difficult to get a promotion; many managers care mostly about themselves and managing up. Not a meritocracy.

Viewing 5455 - 5457 of 5,474 Reviews

Top companies for "Compensation and Benefits" near you

Edic

4.0★Compensation & Benefits

Jobs at New York Life

Recruiting Assistant - Part-Time

Entry-Level Management

Partner (Recruiter/ Manager)

Administrative Assistant