New York Life Insurance

The New York Life Insurance Company has been around since 1845. It is the largest provider of life insurance in the United States, and not surprisingly The New York Life Insurance Company has been named to Wards Top 50 Life Insurance Producers for 2009. The company is ranked as #76 in the 2009 Fortune 100, and is quite possibly one of the largest life insurers in the world. As of June 2009, all three of the most respected insurance company raters, A.M. Best, Standard and Poor's, and Moody's all conferred upon the New York Life Insurance Company their "superior" rating for financial strength.
The company is now one of only three life insurers to hold the highest possible rating from all of the major rating agencies.

The company has stayed strong and resilient throughout the 2007-2008 financial crisis, and has reused to participate in the Troubled Asset Relief Program (TARP) and has not taken any kind of federal bailout.

The Current President and CEO is Ted Mathas

The Company is headquartered in New York, NY

New York Life and its subsidiaries reported more than $26 billion in total revenue as of 2007/2008 and more than 12,000 employees.

According To the Company

New York Life is licensed to sell life insurance in all 50 states and the District of Columbia. In addition to Term and Permanent Life insurance polices the company also sells various annuities and mutual funds and also offers long-term care insurance.

New York Life wants life insurance consumers to understand that there are many “Living Benefits” of life insurance. “Living Benefits” apply to Permanent Life Insurance polices that accrue cash value such as Whole Life insurance. Living benefits can help pay for life’s expected and sometimes unexpected expenses. Funds are accessed by tapping into the cash value accumulated within your Whole Life policy, which as it builds, is like funding a line of credit for Whole Life insurance policyholders.

More information: www.newyorklife.com

Affordable Life Insurance Rates
Are Waiting For You!
Choose Your State

Related Information

4 Tips to Help You Shop for Life Insurance

Looking for some life insurance advice? Here are 4 essential tips that can help you compare your life insurance options to find the right fit for you.

Read More

Whole Life Insurance Policies: What to Know

Whole life insurance pays out a death benefit to the beneficiary when you die and accumulates cash value over time.

Read More

Types of Life Insurance

There are two main types of life insurance: permanent life insurance and term life insurance.

Read More

Variable Life Insurance: Benefits and Risks

Variable life insurance is a form of permanent life insurance. It can offer you coverage for the rest of your life and includes a cash value savings component.

Read More

Life Insurance Meaning and Importance

The importance of a life insurance policy is that it helps provide for the financial stability of your beneficiaries if you pass away.

Read More

Life Insurance Basics: Who Needs It, Types of Insurance

Learn about life insurance’s basics: including the types of policies, their costs and benefits, and who needs coverage.

Read More

Is Life Insurance Recommended?

Shopping for life insurance? Here are our recommendations for choosing a policy that's right for you.

Read More

Life Insurance | What You Need to Know

Life insurance can be a crucial form of financial protection for your loved ones. Here's what to consider if you're shopping for a life insurance company.

Read More

What is Life Insurance? The Basics

Life insurance helps ensure your loved ones and dependents are financially secure if you pass away.

Read More