New York Life Glassdoor (2024)

FAQs

Is NY Life a good company to work for? ›

New York Life has an employee rating of 3.7 out of 5 stars, based on 4,923 company reviews on Glassdoor which indicates that most employees have a good working experience there.

100% COMMISSION The training allowance you get is only if you sell products. The training program is excellent, but the company has many misleading managers and a very political environment. They encourage you to use your personal connections to make sales.

Glassdoor users rated their interview experience at New York Life as 58.1% positive with a difficulty rating score of 2.42 out of 5 (where 5 is the highest level of difficulty).

As of Jul 10, 2024, the average annual pay for a New York Life Insurance Agent in the United States is $49,047 a year.

They do not provide leads and if you are unable to find people, you will not make any money. What is the work environment and culture like at the company?

The average New York Life salary ranges from approximately $39,299 per year for Paid Intern to $162,012 per year for Locality Manager. Average New York Life hourly pay ranges from approximately $18.00 per hour for Bilingual Recruiter to $68.45 per hour for Personal Assistant.

Average New York Life Insurance Agent yearly pay in California is approximately $86,044, which is 48% above the national average.

Start your journey today

First you work for 12 months as a financial professional (Agent). Upon meeting all production and licensing requirements, you transition out of agent production and into the 6-month Associate Partner Training program, and upon successful completion you become a New York Life Field Manager.

The insurance company's employee turnover rate was 7% in 2023, compared to 10% in 2022, she told HR Brew. (The average turnover rate in US businesses was 17.3% between 2022 and 2023, according to Mercer data.)

Yes drug test are required before first work day .

Can you work at New York Life with bad credit? ›

What does New York Life Insurance look for in a background check and employment check? Standard background check, specially if registered rep. Does New York life hire agents with bad credit on the background check? No, because they discourage incentives to fraud.

The dress code for New York Life is business casual.

To meet your living needs in New York, you will need an annual income of between $40,000 and $100,000 after taxes. Obviously, these numbers can vary depending on your housing costs, family composition (if you have children), and other monthly expenses related to entertainment, health insurance, and transportation.

Q: Can you live in NYC with 50k? A: Living in NYC on an annual income of $50,000 won't be easy, but it is possible, and it will definitely require some clever budgeting. Let's break it down without going into too much detail.

How much does a 200K make in Manhattan, New York? As of Aug 26, 2024, the average annual pay for a 200K in Manhattan is $213,587 a year. Just in case you need a simple salary calculator, that works out to be approximately $102.69 an hour. This is the equivalent of $4,107/week or $17,798/month.

Average New York Life Insurance Agent yearly pay in California is approximately $86,044, which is 48% above the national average.

Your loved ones are guaranteed to receive a payout (death benefit) after you pass away. Whole life insurance also has cash value that is guaranteed to grow, tax-deferred, over time.

Those elements may include a strong value proposition and positive culture, where employees have a voice—at least according to Joanne Rodgers, CHRO at New York Life. The insurance company's employee turnover rate was 7% in 2023, compared to 10% in 2022, she told HR Brew.

Being that the company pays on commission, they don't much care who they hire as long as... How much do get paid while training as an agent? There is no paid training. You will be paid once you have done enough work to trigger your contract.