New York Life Insurance Company Compensation Employee Reviews | Comparably
Hi, we're New York Life, America's largest mutual life insurance company.* We provide insurance, investment and retirement solutions along with expert guidance to help you achieve lifelong financial well being. For all of life's milestones, we're here for you, your family, and your business. As a mutual company owned by our clients, we hold ourselves to the highest standards of transparency, objectivity, and integrity. We’ll always aim to provide up-to-date information about the operations and actions of our business—which, when you’re a participating policy owner, really is your business. read more
EMPLOYEE
PARTICIPANTS
179
TOTAL
RATINGS
1433
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New York Life Insurance Company Compensation Employee Reviews

What is the best part about your compensation package?

It’s not the most but also not the least. It’s pretty stand

Potential for pension, renewal income, stipends and allowances.

Review from Sales Dept

Lots of options available for everyone's needs.

Benefits are best ive ever had

All life business goes towards a pension that is vested after year 5.

The compensation package is worth it

Bonus and cash awards arecgreat

Not enough vacation time, especially since I'm not allowed to work from home.

We have the option to manage our IRA on the fly and get options to purchase whole life products for ourselves

Commission, defined compensation, medical, expense allowance and many more benefits.

It is hard to determine

Performance based pension & commission.

The benefits. And I get recognized by my work.

Review from Sales Dept

Student loan repayment is an amazing benefit

flexibility and time management is easy to use

The best part about my compensation package is I am in control - there are no limits!

Review from Sales Dept

Generous and keeps on growing

Great benefits with this company

401k Match and Pension Plan

Review from Sales Dept

We have a pension when most companies do not

Review from Sales Dept

Why do you feel undervalued and what would make you feel better about your compensation?

Better % under cases, and recognitions

There is no appreciation at the company. It's all about where your next sale will come from.

Review from Sales Dept

I want more money i only make 15 bucks

Health insurance shouldn't be based on production.

Review from Sales Dept

If they treated us as if we were being paid zero, instead of them treating us as if their "training" was our pay, and we should be punished for not being able to sell "superhigh."

Review from Sales Dept

Review Sentiment at New York Life Insurance Company

89
89%
11
11%

About New York Life Insurance Company's Compensation

A
77/100

Where This Score Ranks New York Life Insurance Company's Compensation

TOP
10%

In the Top 10% of 1310 similar size companies on Comparably

?

Not enough ratings to compare against companies in metro

2nd

2nd place versus 4 competitors rated on Comparably

75 employees at New York Life Insurance Company score their wages and compensation an A on average. As a testament to this, when employees are asked “Do you believe you're paid fairly?”, 73% say Yes. The Customer Support department is the most satisfied with their compensation, ranking it 98/100, a full 29 pts above the Sales department. If you want detailed data about New York Life Insurance Company's wages, see the <a href="https://www.comparably.com/companies/new-york-life-insurance-company/salaries">wage breakdown by department, job titles, locations, and more.</a>

Rate Compensation the Highest

  • Department - Customer Support
    +21%
  • Experience - Entry Level
    +16%
  • Gender - Female
    +14%

Rate Compensation the Lowest

  • Tenure - Less than 1 Year
    -13%
  • Experience - 6 to 10 Years
    -9%
  • Department - Sales
    -8%

How New York Life Insurance Company's Compensation Score is Calculated

FILTER RATINGS BY

Results from 75 Employees in All Departments, All Genders, All Ethnicities and All Yrs. Experience Experience

AnswerPercent
Yes73%
No27%
Do you believe you're paid fairly?
AnswerPercent
Yes75%
No25%
Are you satisfied with your Benefits?
AnswerPercent
Yes100%
No0%
Does your company give annual bonuses?
AnswerPercent
Every 6 months or less0%
Every year75%
Every 2 years0%
Every 3 years or more25%
Never0%
How often do you get a raise?
×
Rate your company