Posted on: Wednesday, April 25th, 2012 by jcliff

We wrote a previous blog entry about the troublesome amount of life insurance proceeds that go unclaimed each year, and most of this is on the shoulders of the insurance companies.  The consumer does have some power over this though.  We all know it’s important to advise your beneficiaries of what you have set up with their name as a funds recipient, but that doesn’t always happen.  If you are like some of the thousands of Americans who think they are owed some life insurance, but are not sure how to go about checking, there …

Posted on: Thursday, April 5th, 2012 by jcliff

A press release from Business Wire released earlier today, says New York Life Insurance continues to lead the pack when it comes to market share.  The company announced that it was the largest seller of new life insurance in 2011.  They completed the year with a strong 10.7% market share through the fourth quarter.  Their individual sales have continued to be encouraging as they increased about 12% over 2010.

Chris Blunt, head of New York Life’s Insurance Group, says the results are terrific and they credit New York agents throughout the nation.  They work …

Posted on: Wednesday, March 21st, 2012 by jcliff

First time life insurance buyers often feel overwhelmed as they dive into the life insurance world.  Comparing life insurance quotes can be confusing, but by following some some simple tips, new customers can stay on track.  New York Life offers a quick reference guide on their website and advice from a reputable company can never hurt.

First and foremost, understand why you need life insurance.  Who benefits from this policy and does it make sense in this particular point in your life.  Then, sit down and evaluate how much coverage you will really need. …

Posted on: Sunday, February 26th, 2012 by jcliff

New York regulators are requiring life insurance companies to pay out fully when members of the military are killed in action as the new standard.  Previously, insurers automatically established a checking account that provided interest to the companies.  Benjamin Lawsky, the State Financial Services Superintendent, said that New York is the first state to require this type of payout to beneficiaries.

According to the article by the Associated Press on WashingtonPost.com, families can often get a better return on interest if they receive a bulk payment and invest it wisely.  This can be a better option …

Posted on: Monday, February 6th, 2012 by jcliff

New York Life Insurance and their New York Life Foundation has always prioritized their charitable donations, but they have announced that for 2012 they plan on doing more.  Their budget for charitable giving in 2012 is $13.5 million which is a 5% increase over the 2011 budget of $12.9 million.  They are looking to increase their support for programs that benefit today’s youth with a focus on childhood bereavement and educational opportunities.

In addition to their 2012 budget, New York Life Foundation is making a commitment to childhood bereavement specifically through $3.25 million in 2013.  Their …

Posted on: Saturday, December 17th, 2011 by jcliff

The holidays can be a time of joy and celebration for most but for those mourning the loss of a loved one this can be a particularly challenging time.  Whether it be a spouse, a child, a parent or friend, losing a loved one is very painful and having a strong support system is crucial.  I stumbled upon a very helpful Tweet on the New York Life Twitter account which links to a checklist of what you can do for loved ones grieving a loss to help them through the holidays.

The main focus of …