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?

63% of New York Life employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated New York Life 3.9 out of 5 for work life balance, 3.8 for culture and values and 3.7 for career opportunities.

What are the top reviewed jobs at New York Life?

Agent (670) , Insurance Agent (640) , Financial Services Professional (254) , 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 (84) , Partner (57) , CVP (54)

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

"Can be lucrative and great training" ((in 533 reviews)); "Great hours and people that work there" ((in 353 reviews)); "The benefits are good and hybrid" ((in 312 reviews)); "moving to Agile from Waterfall based projects) Internal Mobility is good if you're interested Good work/life balance at the company" ((in 206 reviews)); "A great culture based in giving and many events to attend if you have time." ((in 178 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 323 reviews)); "no salary for all the time and effort you have to put in unless in management." ((in 241 reviews)); "Poor management and lack of help." ((in 165 reviews)); "The reason someone makes a good manager at NYL is because they know how to sell people." ((in 104 reviews)); "Even more of a deathknell, upper management is slowly outsourcing every department." ((in 34 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.

New York Life reviews

3.7

63% would recommend to a friend

(5,483 total reviews)

Craig DeSanto

78% approve of CEO

62% positive business outlook

Company ratings over time

Ratings trend for the last 6 months (5,483 reviews)

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

New York Life has an employee rating of 3.7 out of 5 stars, based on 5,483 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).

Reviews by job title

5K reviews

4.0

Aug 22, 2008

great company to work for.

Internal wholesaler

Recommend

CEO approval

Business Outlook

Pros

This is a very conservative company which is not publicly traded. The company is very kind and flexible with employees. The benefits package is good, good health insurance, life insurance, 401(k), dental insurance, vision coverage, and so on. The fact that the company is not publicly traded means that we do not have to meet quaterly profit expectations, therefor, the company is better able to hire and retain talent when the economy turns down. That is a great aspect and is very relevant in given today's economic enviroment. Also, they do not put a large importance on proper spelling, which benefits me.

Cons

Lower pay that other large financial institutions

3.0

Aug 15, 2008

Great place for anyone with a market in the financial services field.

Sales agent

Recommend

CEO approval

Business Outlook

Pros

Good opportunity for someone with skills in the financial management industry. Pay is based on commissions with a generous training allowance for the first three years. Good Benefits with a lot of options. Training is usually one day per week and is very comprehensive.

Cons

It is all on you to find your market. Make sure to get plenty of development in the field from your partner and development coordinator. The office can be a quiet place since most other agents are often in the field. Make sure that you find a mentor and talk to them about the products that they are selling.

5.0

Jul 5, 2008

A Great Company

Analyst

Recommend

CEO approval

Business Outlook

Pros

Thus far, everyone I have met has been extremely nice and I truly understand why people believe "it's a great company." While the salary may not be as high as other places due to their desire to remain a mutual, the working environment definitely makes up for it.

Cons

Like almost every job in corporate America, there are times when the hours are much longer than you want them to be, but that is to be expected.

Viewing 5470 - 5472 of 5,483 Reviews

Top companies for "Compensation and Benefits" near you

Edic

4.0★Compensation & Benefits

Jobs at New York Life

Entry Level Financial Advisor

Long Term Disability Team Leader

Financial Advisor | Training Provided | Wealth Management

Entry-Level Financial Planner

New York Life

New York Life reviews

Company ratings over time

Ratings by demographic groups

Reviews by job title

great company to work for.

Great place for anyone with a market in the financial services field.

A Great Company

Top companies for "Compensation and Benefits" near you

Jobs at New York Life