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New York Life Insurance Company Overview

New York Life Insurance Company is the third-largest life insurance company in the United States, the largest mutual life insurance company in the United States and is ranked #69 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.
The staff at New York Life Insurance Company come from unusually diverse demographic backgrounds. The company is 37.1% female and 42.7% ethnic minorities. The diversity in New York Life Insurance Company employees extends to employee political beliefs. Its employees are politically diverse and represent a balanced blend of political orientations, with 51.7% Democrats and 48.2% Republicans. Despite its impressive demographic and political diversity, New York Life Insurance Company has employees who stay with the company for relatively short tenures. New York Life Insurance Company staff members usually stay for 2.6 years. The average employee at New York Life Insurance Company makes $45,921 per year. Pay at New York Life Insurance Company is significantly lower than some of its highest paying competitors, like The Guardian Life Insurance Company of America, Prudential Financial, and Lincoln Financial Group, which pay $74,621, $68,962, and $63,079, respectively.
Based in New York, NY, New York Life Insurance Company is an industry leader with 11,388 employees and an annual revenue of $5.5B.

The Organization’s Mission

Help individuals and businesses protect and preserve their financial security.

Industry

Insurance

Revenue

$5.5B

Employees

11,388

Founded in

1845

Headquarters

New York, NY

Website

newyorklife.com

Organization Type

Private

Is This Your Company?

The Team At New York Life Insurance Company

Key People
  • Carla Rutigliano (Executive Officer)
  • Ralph La Vega (Director)
  • David Cruz (Executive Officer)
  • Matthew Grove (Executive Officer)
  • Joel Steinberg (Executive Officer)
  • Donna Kinnaird (Director)
  • Eric Feldstein (Executive Officer)
  • Betty Alewine (Director)
  • Alain Karaoglan (Executive Officer)
  • Amy Miller (Executive Officer)
  • Christina Gold (Director)
  • Mark Feidler (Director)
  • Patricia Barbari (Executive Officer)
  • Elizabeth Brill (Executive Officer)
  • Craig Desanto (Executive Officer)
  • Edward Shirley (Director)
  • Michele Buck (Director)
  • Thomas Hendry (Executive Officer)
  • Robert Friel (Director)
  • Thomas Schievelbein (Director)
  • Robert Gardner (Executive Officer)
  • Ted Mathas (CEO and Chairman)
  • Robert Carter (Director)
  • Sheila Davidson (Executive Officer)
  • Theodore Mathas (ceo)
  • Mark Madgett (Executive Officer)
  • Anthony Malloy (Executive Officer)
  • Gerald Smith (Director)

The Culture At New York Life Insurance Company

Information provided by the company
Are you interested in a career with an industry leader If so, becoming a Customer Service Professional at New York Life is a perfect fit for you!
Are you interested in helping people protect their future Are you interested in a career with an industry leader If so, New York Life Insurance Company may be the company for you.
We are looking for customer focused accountable, efficient and engaged professionals who are dedicated to and guided by a commitment to service excellence.
Embrace diversity and inclusion, and demonstrate commitment to highest ethical standards
Understands and is excited by disruptive technologies
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New York Life Insurance Company Reviews

Zippia Official Logo

4.0

Zippia UserNovember +0000

4.0

Zippia Official LogoZippia UserNovember +0000

What Do You Like About Working There?

Being able to control my own Schedule Show More

What DON'T You Like About Working There?

Commissions based pay. Show More

What Are Your Favorite Benefits/Perks?

Schedule work from home opportunity and work life balance. Incentives and company trips. Show More
Zippia Official Logo

3.0

Zippia UserOctober +0000

3.0

Zippia Official LogoZippia UserOctober +0000

What DON'T You Like About Working There?

The corporate politics and the outdated ‘good ole boys’ mentality. Show More

What Are Your Favorite Benefits/Perks?

Vacation time Show More
Zippia Official Logo

4.0

Zippia UserJanuary +0000

4.0

Zippia Official LogoZippia UserJanuary +0000

What Do You Like About Working There?

Helping People Show More

What DON'T You Like About Working There?

Inconsistent pay Show More

What Are Your Favorite Benefits/Perks?

working with people, helping people, different every day Show More
Zippia Official Logo

3.0

Zippia UserJanuary +0000

3.0

Zippia Official LogoZippia UserJanuary +0000

What Do You Like About Working There?

Once you are in management, life is pretty easy and well paid. Show More

What DON'T You Like About Working There?

To get to management is extremely difficult because you need to go through the sale route to get there. Show More

What Are Your Favorite Benefits/Perks?

Time off Show More
Zippia Official Logo

4.0

Zippia UserDecember +0000

4.0

Zippia Official LogoZippia UserDecember +0000

What Do You Like About Working There?

Flexibility Show More

What DON'T You Like About Working There?

The commission instead of a fixed salary Show More

What Are Your Favorite Benefits/Perks?

Besides the flexibility, the company gives a lot of opportunity to grow and also great social life Show More
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New York Life Insurance Company Rankings

New York Life Insurance Company is ranked #24 on the Best Insurance Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

New York Life Insurance Company Salaries

How much does New York Life Insurance Company pay?
The national average salary for a New York Life Insurance Company employee in the United States is $45,921 per year. Employees in the top 10 percent can make over $92,000 per year, while employees at the bottom 10 percent earn less than $22,000 per year.
9.3
Salary Score
Average Employee Earnings

New York Life Insurance Company Salaries By Job Title

The average employee at New York Life Insurance Company earns a yearly salary of $45,921 per year, but different jobs can earn drastically different salaries. Some of the job titles with high salaries at New York Life Insurance Company are director, senior associate, sales person, and partner. A worker with the title director salary at New York Life Insurance Company can earn an average yearly salary of $138,933. Other roles at New York Life Insurance Company include receptionist and finance service representative. A receptionist at New York Life Insurance Company earns an average yearly salary of $25,597.
Job Title
Title
Average Salary
Director
Salary Range123k - 155k$139k$138,933
Senior Associate
Salary Range97k - 125k$110k$110,413
Sales Person
Salary Range86k - 138k$110k$109,630
Partner
Salary Range84k - 124k$103k$102,650
Consultant
Salary Range90k - 99k$94k$94,410
Business Analyst
Salary Range70k - 97k$83k$83,371
Sales Manager
Salary Range65k - 103k$82k$82,119
Recruiter
Salary Range63k - 87k$75k$74,658
Accountant
Salary Range54k - 63k$59k$58,601
Registered Representative
Salary Range50k - 53k$52k$51,870
$32k
$155k

New York Life Insurance Company Careers

On average, employees at New York Life Insurance Company stay with the company for 2.6 years. Employees most commonly join New York Life Insurance Company after leaving Citi. When they leave New York Life Insurance Company, they most frequently get their next job at JPMorgan Chase.

Average Length of Employment

Aflac
2.0 years

Top Employers Before New York Life Insurance Company

Citi
9.5 %
MetLife
7.1 %

Top Employers After New York Life Insurance Company

Citi
7.9 %

New York Life Insurance Company Employee Demographics

9.9
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

New York Life Insurance Company Employees Education

Of the 11,388 employees at New York Life Insurance Company, 12.0% attended New York University. Employees at New York Life Insurance Company most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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New York Life Insurance Company Employee Political Affiliation

New York Life Insurance Company employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a New York Life Insurance Company employee was by Theodore Mathas. Theodore Mathas donated $101,500 to the Democratic Party.

Employee Political Donations

NameJob TitlePartyDonation
Theodore MathasChief Executive Officer
Theodore Mathas
Chief Executive Officer
Chief Executive Officer
Democratic Party
Democratic Party
$101,500Democratic Party
$101,500
John KIMExecutive
John KIM
Executive
Executive
Democratic Party
Democratic Party
$86,400Democratic Party
$86,400
James PowellInvestment Banker
James Powell
Investment Banker
Investment Banker
Republican Party
Republican Party
$78,010Republican Party
$78,010
Seymour SternbergChief Executive Officer
Seymour Sternberg
Chief Executive Officer
Chief Executive Officer
Republican Party
Republican Party
$76,000Republican Party
$76,000
Sheila DavidsonAttorney
Sheila Davidson
Attorney
Attorney
Democratic Party
Democratic Party
$56,100Democratic Party
$56,100
Christopher BluntExecutive Vice President
Christopher Blunt
Executive Vice President
Executive Vice President
Republican Party
Republican Party
$31,300Republican Party
$31,300
George NicholsSenior Vice President
George Nichols
Senior Vice President
Senior Vice President
Democratic Party
Democratic Party
$28,900Democratic Party
$28,900
Jonathan JaramilloManaging Partner
Jonathan Jaramillo
Managing Partner
Managing Partner
Democratic Party
Democratic Party
$27,900Democratic Party
$27,900
Yolande StrawinskiInsurance Agent
Yolande Strawinski
Insurance Agent
Insurance Agent
Republican Party
Republican Party
$25,958Republican Party
$25,958
Julie HerwigGovernment Affairs Researcher
Julie Herwig
Government Affairs Researcher
Government Affairs Researcher
Democratic Party
Democratic Party
$25,800Democratic Party
$25,800
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New York Life Insurance Company Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1845

Organization type

Private

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New York Life Insurance Company Subsidiaries

Subsidiaries to New York Life Insurance Company include Occidental Tower. Employees at the parent company, New York Life Insurance Company, earn $45,921 whereas employees at Occidental Tower earn $51,451, on average.
Company
Average Salary
Occidental Tower
Salary Range34k - 76k$51k$51,451
$34k
$76k

New York Life Insurance Company Competitors

Some of the competitors of New York Life Insurance Company are The Guardian Life Insurance Company of America, Prudential Financial, and Lincoln Financial Group. The average salaries at The Guardian Life Insurance Company of America rank the highest, with their employees earning an average salary of $74,621 per year. The salaries at Prudential Financial average $68,962 per year, and the salaries at Lincoln Financial Group come in at $63,079 per year.
Company
Average Salary
The Guardian Life Insurance Company of America
Salary Range56k - 99k$75k$74,621
Prudential Financial
Salary Range48k - 98k$69k$68,962
Lincoln Financial Group
Salary Range45k - 88k$63k$63,079

Western & Southern Financial Group

Salary Range42k - 83k$60k$59,960

Combined Insurance

Salary Range42k - 80k$59k$58,915
Massachusetts Mutual Life Insurance ...
Salary Range40k - 83k$58k$58,364
USAA
Salary Range42k - 77k$58k$57,557
American Income Life Insurance ...
Salary Range38k - 74k$54k$53,648
MetLife
Salary Range37k - 74k$53k$52,611
Reliable Life Insurance Co
Salary Range37k - 70k$51k$51,358
$29k
$99k

Frequently Asked Questions about New York Life Insurance Company

When was New York Life Insurance Company founded?

New York Life Insurance Company was founded in 1845.

How many Employees does New York Life Insurance Company have?

New York Life Insurance Company has 11,388 employees.

How much money does New York Life Insurance Company make?

New York Life Insurance Company generates $5.5B in revenue.

What industry is New York Life Insurance Company in?

New York Life Insurance Company is in the insurance industry.

What is New York Life Insurance Company's mission?

New York Life Insurance Company's mission statement is "Help individuals and businesses protect and preserve their financial security."

What type of company is New York Life Insurance Company?

New York Life Insurance Company is a private company.

Who are New York Life Insurance Company's competitors?

New York Life Insurance Company competitors include Prudential Financial, Massachusetts Mutual Life Insurance ..., Aflac, The Guardian Life Insurance Company of America, MetLife, American Income Life Insurance ..., American Family Insurance, Mutual of Omaha, Farmers Insurance Group, Allstate, Lincoln Financial Group, Combined Insurance, Western & Southern Financial Group, Nationwide Mutual Insurance ..., Northwestern Mutual, American Family Life Assurance Co of ..., USAA, Reliable Life Insurance Co, Progressive, Pacific Life & Annuity Company.

Who works at New York Life Insurance Company?

Carla Rutigliano (Executive Officer)

Ralph La Vega (Director)

David Cruz (Executive Officer)

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Updated December 31, 2020

Zippia gives an in-depth look into the details of New York Life Insurance Company, including salaries, political affiliations, employee data, and more, in order to inform job seekers about New York Life Insurance Company. The employee data is based on information from people who have self-reported their past or current employments at New York Life Insurance Company. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of New York Life Insurance Company and its employees or that of Zippia.

New York Life Insurance Company may also be known as or be related to NEW YORK LIFE INSURANCE CO, New York Life Insurance, New York Life Insurance Co and New York Life Insurance Company.