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New York Life Insurance Company

Manages for the Long Term

New York Life Insurance Company has been in business since 1845. It and its subsidiaries form one of the Fortune 100 companies. The group has an international presence. Its parent company is New York Life Group. New York Life Insurance Company is a mutual insurance company, thus is owned and operated solely for the benefit of its members. Policy members can receive dividends. Total assets are $101 billion with net life insurance sold of $626 billion.

New York Life Insurance Products

New York Life Insurance Company sells both individual and group life insurance policies. Its term life insurance plans are varied, but they are all renewable and convertible, some with conversion credits. They include the following:

  • Five Year Term Life Insurance
    • Issue age is 15 to 75
    • Expires at age 90
    • Minimum face value is $100,000
    • Guaranteed level premium for first five years
    • A variety of risk classes
    • A variety of optional riders.
  • 20 Year Term Life Insurance
    • Age range at purchase is 15 to 60
    • Coverage ends at age 90
    • A variety of risk classes
    • Conversion privileges
    • A variety of riders are optional
  • Increasing Premium Term Life Insurance
    • Issue age is 15 to 65
    • Expires at age 100 in most states
    • Minimum face value is $250,000
    • A variety of risk classes
    • Conversion privileges to age 70 without need for a medical exam
    • An assortment of available riders
  • Term to Age 90 Life Insurance
    • Issue ages are 15 to 65
    • Expires at age 90
    • Minimum face value of $100,000
    • Premiums are guaranteed
    • There are risk classes
    • A variety of riders

This company is a founding member of IMSA.

Financial Ratings for New York Life

A.M. Best:A++
Fitch: AAA
Moody’s: Aaa
Standard and Poor’s: AA+
Weiss: 8th strongest insurer in the US
The financial strength of a company and potential for prolonged survival are represented by the above ratings.

New York Life Company Information

51 Madison Avenue
New York City, NY 10010



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