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 (94) , 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 548 reviews)); "Great hours and people that work there" ((in 337 reviews)); "great benefits and close to freeways" ((in 314 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 195 reviews))

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

"Commission only and a lack of true clarity of compensation or contract maintenance by recruiters more often than not to meet their quotas." ((in 328 reviews)); "no salary for all the time and effort you have to put in unless in management." ((in 248 reviews)); "Poor management and lack of help." ((in 171 reviews)); "The reason someone makes a good manager at NYL is because they know how to sell people." ((in 107 reviews)); "Even more of a deathknell, upper management is slowly outsourcing every department." ((in 32 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.

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New York Life

New York Life reviews

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3.7

62% would recommend to a friend

(5,473 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 5,473 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

2.0

Jul 27, 2008

Transform culture to meet needs of baby boomers

Sales agent

Recommend

CEO approval

Business Outlook

Pros

Solid company with strong ratings. It will be here for many generations which is very comforting to those that buy it's life insurance and long term products. With a new and younger CEO, the company can give the image that they are connecting with the younger families and investors.

Cons

Company has not progressed with the changing times and investors changing needs. Brokerage account and trading fees are too high when competing with Etrade, etc. This is not an area they want to be known for however, they must change their image if they are to attract the baby boomers as their "full service" financial provider. Otherwise they will go elsewhere.

3.0

Jul 23, 2008

Good and Bad

Sales agent

Recommend

CEO approval

Business Outlook

Pros

The training is fantastic. I consider this to be one of the best ways to start a career in the insurance industry. The company has a great reputation throughout the United States, so it makes it easier to sell the product.

Cons

Many empty promises by top management. Lots of politics.

5.0

Jul 7, 2008

Great place to work for a motivatede person.

Financial advisor

Recommend

CEO approval

Business Outlook

Pros

Very flexible schedule. Great Partners in our office. I have worked with the company for about 3 years and have found that I've been able to do significantly better than I would have been able to do anyone else when coming straight out of college. The staff and management is very good. Very good company morale and values. The rewards and recognition programs are great. If you do much of anything they send you on a nice trip once a year. They also have a very good training program and great compensation structure, espcially for someone who is just starting out in this business.

Cons

They hire just about anyone to be an agent. Some of the people in our office are destined for failure (at least 8 out of town new hires is gone in 2 years). As with any firm in the insurance/financial planning business you are completely responsible for developing and maintaining your own client base. If you are not motivated you won't eat! This is great for me, but I hate working around a bunch of people who aren't motivated and dont' do anything. As a whole this is NOT necessarily a New York Life problem as it is my office's problem.

Viewing 5467 - 5469 of 5,473 Reviews

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