New York Life Insurance Company Reviews and Complaints

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New York Life Insurance Company Reviews

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  • 401K plan distribution



    I had a 401K retirement plan from my a former employer with NY Life. I was trying to do a direct rollover into an IRA (combine all my 401K plans into one IRA) but I had big problems with NY Life. First, my status was marked as descesed. I had to call and follow up at least 3 times before my status was changed to former employee. After my status was corrected, they were supposed to send me a check, which they did not do until I called again! Because of this situation, I was not able to roll over my funds and am now forced to pay a 10% penalty on the amount because I can't open an... More...
    (Insurance)
  • MISINFORMATION



    To The Manager: I am a CUSTOMER who pays my premium on time. However, there was a time when I have to lessen my premium due to financial difficulties. I informed the agent and she told me she would take care of it. What happened was she told me wrong and different information just so she could collect and maintain her account regardless of the situation. SHE IS VERY DIFFICULT TO REACH SINCE THEN. I would like to speak to a NYC Manager regarding this. Thank you! More...
    (Insurance)
  • Seriously too long



    I was called by an agent of New York life march 10,2010 I was looking into getting life insurance for my 21 yr old son, they came out in a matter of days to draw blood and i gave all information for my checking account..I got an denial letter from this company stating due to his glucose level he was denied..well the letter came 8/26 my son was murdered 9/1..I later rec'v another letter dated 8/5 explaining he was denied due to not providing his license which was a lie he provided a state i.d at time of the blood being drawn...well this company is all over the place claiming how easy... More...
    (Insurance)
    ibutcher's Picture   ibutcher    0 Comments   Comments
  • NYLife is a Scam



    NY life is a very dishonest company. Do not give them any of your time or money. I have had nothing but problems with them. from the local agents to the headquarters, no one within the company will reveal any info, any direct questions, or put you in touch when any form of real authority to resolve any kind of issue. they miscategorized my rating, took 3 monthes to recognize it, renigged on the re evaluation and charged me the whole time. they wont refund dime one of my money "because I was insured the whole time". I get official NYLife letters with NO DATE, NO POSTMARK... More...
    (Insurance)
    volksheime's Picture   volksheime    11 Comments   Comments
  • New York Life Insurance Company



    I purchased a policy for my business and for both my partner and myself. The partnership dissolved and I called to cancel policy and was sent thru being handed off here and there in order to get my everything taken care. I thought that everything was a done deal but I kept getting letters in the mail in regards to a loan that would pay for my policy, and I thought nothing of it until I kept getting them. I called and spoke with a customer service rep and told her that I did not authorize this and she stated that she would send out some paperwork for me to sign. I received the paperwork and... More...
    (Insurance)
    thorshammer's Picture   thorshammer    2 Comments   Comments

New York Life Insurance Company Reviews By Product


New York Life Insurance Company Comments


Robert19 says: (4 years ago)
 0
DO NOT GET WITH THIS COMPANY. I HAD AN AGENT THAT WAS REALLY NICE TO ME BUT AFTER I SIGNED THE POLICY HE STARTED STATING TO ME HIS POLITICAL VIEWS ABOUT HOW MUCH HE DIDN'T LIKE PRESIDENT OBAMA AND HE MADE A RACIST COMMENT ABOUT HE COULD POSSIBLY BE BLACK BECAUSE HE HAS "NAPPY" HAIR EVEN THOUGH HE IS OF CAUCASION DECENT. THIS IS UNACCEPTABLE!!!!!!!



NYDis says: (5 years ago)
 0
I have had New York Life Insurance on my life for over 38 years, we've been trying to change the beneficary for over a year. Every time I complete the required paperwork they require something different. Each time it's completed it's something new and it is a huge burden because of the research and documentation that has to be provided due to death's of previous beneficiary's. They are no help whatsoever and they keep changing. Their customer service is lousy. I'm still trying, they don't know what they are doing.



Srduci91 says: (5 years ago)
 0
I have no insurance exsperience at all I have a interview in Madison wi to be a agent for new York. Life.
I want to know if I am wasting my time going to this interview?




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