New York Life-Orlando Insurance ripoff, scam artists, not following full coherence, no full disclosure ripoff abused & mistreated ripoff business from hell cheated employees and screwing the customers even more con artist ripoff consumer fraud PEOPLE ONLY TRAIN YOU HOW TO SUCKER YOUR FAMILY/ FRIENDS into a business from hell Orlando Florida

Dear Author: 

   It just sounds to me like you can't cut it in the business, and that has nothing to do with the quality of New York Life. Actually, it sounds like you just can't cut it in life. You sound like a miserable individual... Calling your clients "losers"? Selling products you think people don't need? You don't think people NEED life insurance??? Their prices are competitive; no they aren't as cheap as the no name fly by night B or worse rated carriers, but they're still affordable and competitive. No wonder you didn't make any money!!!! Maybe nobody explained this to you but your family, friends, and people you know are considered your "natural market" and since you clearly were a newbie agent you didn't have the skill set (clearly) to prospect and solicit business from people outside of your "natural market"- It's not NYLIC's way to quickly get business from you, it's a way of teaching you how to build business and pull referrals from people you know since it's easier for you to sell them than it would be to prospect and sell to a stranger. The same concept applies to working for all carriers or independently. Get a clue!  I almost feel so sorry for you. It must suck to be such a nasty individual. Best of luck, you'll need it!

I wonder if a couple prospects had gone the other way for you, and bought the big "checko" as you say, that you would be still posting on here.  This is why you are on the losing end in life.  Instead of blaming yourself, you blame others.  This is not an easy business.  Maybe if you learn to spell, people will buy more often. 

I agree with everything this person stated except the part about the back-office ladies.

NEVER, EVER, EVER go to work for New York Life.

The job as an Agent is a legal Pyramid Scheme.

You will be Brain Washed by many mandatory meeting - All about how you can make millions, meanwhile you have to pay for the phone at your desk, you have to rent the cubicle, get charged for copies, and there is no base salary.

You are working for free and only get paid if you sell a life insurance policy to your family and friends.

Part of the training is to list 200 people that you know and then they train you how to sell them a policy.

After that they don't care if you leave because there is always another idiot blinded by millions ready to take your place.

I worked in a different office and it was exactly the same.

So you were warned - Don't Do It!!

Granted there are a few, maybe 1% that are actually successful but at the office I worked in near Wash.DC, most of the tenured agents were struggling on a month-to-month basis.  All looking for that one Annuity or Whole Life policy that would get them out of the whole.

Many of they were in debt to the company and stayed trying to pay them back - at them same time paying $500+ per month for a very small office.

SO DON'T DO IT? 

If you are can't find work and a Partner ( AKA Recruiter ) has you convinced to go work for them and you will make the big money $$$$$, do your self and your family a favor and go work for 7-Eleven instead until something else comes along.

This would be much better because at the end of the month you will come home with $2000-$3000 and health insurance and eventually find another job.

If you go to NYL, they will suck you dry, emotionally, financially and dishearten the strong.

They do NOT teach you how to sell or manage your business.

Their selling is focused on your 200 friends and family that they want you to sell policies to.

Oh BTW - watch out for the senior Agents that will try and steal your commission.
Because they help you, you have to pay them 50% or more of your commission.

So while you are training and introducing your family and friends, your best leads, the senior Agents will help you - they love to help - as they will get some of your commission.

So enough from me - the people that work there are pretty nice for the most part - the policies themselves are pretty good but NEVER EVER GO TO WORK FOR THEM AS AN AGENT

YOU WERE WARNED!!!!!!!    ;-)

While I cannot address exactly what happened in Orlando - I can state without equivocation that this Rip Off Report by Robert is without merit.

Robert, while I am sorry that this career didnt work out as you had hoped and that it may make you bitter, you should do yourself the favour of being true to yourself.

The fact is that NY Life is the largest mutual insurance company IN THE WORLD. It has a history of 161 years and has been the company of choice for insurance and investments for Presidents, Generals, Sports and Entertainment Idols, and Average Americans galore! There is not one single company that has higher ratings for strength and security as recognized by ALL the independant rating agencies.

Perhaps, and for what it is worth, perhaps it is your negativity and your propensity to call other people names (like the ladies in the office being "sexually dysfunctional") probably tells more about why you were unsuccesful than the "Monsters in Orlando".

Mike

p.s. in the interest of full disclosure, I am an employee of NY Life - and quite proud of my affiliation with them! I have also worked at other financial services companies prior to being with NY Life.

I understand your frustrations as a new agent but you cant truly belive that people don't need insurance. I sold a woman a policy, completely healthy 68 year old, and 4 months later she passed from a stroke. She paid roughly 900 in premium and I delivered 100k to her family at the funeral. I guess they really didn't need that 100k and would have rather had her 8,000 in her savings account. The business expenses will be the same with most all companies that pay on commission in most all commission based fields. Thats part of being a business owner. I left New York Life recently because I relocated to a location that didn't have an office. I wish I could have stayed. I went from averaging 5k per month to making $12 per hr. I was only with NYL for a year and it opened up a ton of opportunity for me. I have had offers from virtually rance company here, tons of banks, and have had the experience of becoming a great B2B salesperson. My problem is that I can't be 100% commissioned in a new location that I have no contacts and bank salaries are low. Its tough to adjust from makig good money and having freedom to being payed hourly and not being able to make half of what I was making 6 months ago. I'm sorry you had a bad experience but New York Life is one of the strongest companies in the world. Definately not a scam or even close to one. I'd say they have a pretty good track record with hundreds of thousands of employees and ex employees and only 4 rip off reports. Try searching companies like Primerica and see what you come up with. Good luck in your future endeavors and remember that theres no free lunch in this world.

I feel sorry for this misguided kid who couldn't make it work where he had to control himself and his time to be successful. If you really beleived your friends and family did not need or could not afford any particular product or savings program you had no business recommending they participate in them. If you do not believe in the value of life insurance to protect your family's future then you are irresponsible and uninformed.

A career with New York Life is NOT as this individual portrays it.

First of all, when you interview with New York Life they make it abundantly clear (in the 2nd interview) that a career with New York Life is a commission ONLY sales career. The reason the interview process is so long (mine was 5) is they want you to be completely sure you know what you're getting into before you committ to it.

Life insurance is sold the same way at every company, and it has been sold that way for literally 150+ years. Agents are independant contractors working for the company. As such, you assume all your own expenses and headaches associated with owning your own business. You also assume the opportunity to earn FAR more than in nearly any other career.

Selling insurance is a hard, tough business - as this individual has discovered - and that's why it pays so well. The day selling insurance is easy will be the day they pay me $8 an hour to do it.

Thanks.