Bankers Life of New York
Bankers Life of New York is a wholly owned subsidiary of the AmerUs Group, which offers a full range of insurance and other financial products throughout the US Founded in 1958, Bankers Life of New York strives to offer life insurance products to a diverse group of customers. It prides itself on value-added services, competitive prices, a conservative investment philosophy, and financial strength. Total financial assets for the Group are $24.5 billion. Total life insurance in force is $98 billion.
Bankers Life of New York began selling insurance in New York but is now available in several states. Its partners, Indianapolis Life Insurance Company, and AmerUs Life Insurance Company, are also in the AmerUs Group, and are licensed throughout the country.
Term insurance is the ideal solution for a family that needs more coverage than it could afford if purchasing whole life insurance. It may be all the insurance others may ever need. While an individual is young, term insurance is the most inexpensive insurance there is. It is a short term solution for other families, who move on to afford permanent coverage. In most cases, the insured can convert to whole life when they are older—without a medical exam
Bankers Life Insurance Plans
Bankers Life of New York offers plans that have guaranteed level premiums, and their rates are extremely competitive, especially for non-smokers and other preferred risks. The minimum face values are $250,000 for ten and twenty-year term policies, and $100,000 for thirty-year policies.
Riders Available with Banker's Term Life Insurance
- A Child Life Rider
- Waiver of Premium
- Waiver of Monthly Deduction
- Caring for Today Rider – an accelerated benefit payable when the insured is diagnosed with a terminal disease, with less than twelve months to live.
Complete details about the various riders are available from a licensed agent.
Bankers Life of New York ratings
Standard and Poor’s: A+
A.M. Best: A
The financial strength of a company and potential for prolonged survival are represented by the above ratings.
Bankers Life of New York Company Information
65 Froehlich Farm Blvd.
Woodbury, NY 11797-9847
Request a life insurance quote online.
* Life-Insurance-Info.us is not a life insurance broker or carrier, and cannot issue life insurance policies. We are not associated with the company or companies profiled on this page and Life-Insurance-Info.us make no representation, express or implied, that you will receive a quote from the company profiled herein. This site provides free information on insurance providers and coverage options. Products and policies may not be available in all states, and product information is subject to change without notice. Please contact the insurance company directly to answer your policy inquiries.
Last Updated: June 16, 2009
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