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  New York Life - Life Insurance

New York Life - Life Insurance

in Life Insurance from New York Life

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New York Life - Life Insurance

Unaffiliated

in Life Insurance from New York Life

SuperMoney Net Recommendation Score +60

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +60, equating to 4.2 on a 5 point rating scale.

+60

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

3 users recommend
2 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Financial Strength Rating A+
Number of Reviews 5

New York Life - Life Insurance Review

New York Life - Life Insurance is a life insurance carrier based in New York, NY. The company was founded in 1845 and offers life insurance products in 50 states (and Washington, DC).

New York Life - Life Insurance FAQ

What types of life insurance products does New York Life - Life Insurance offer?

Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.

Here is a brief description of life insurance options New York Life - Life Insurance offers.

  • Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. New York Life - Life Insurance offers term lengths ranging from 10 to 20 years.
  • Level Term Life Insurance - These are term life insurance policies that have the same fixed premium and payment amount through the duration of the life insurance policy.
  • Annual Renewable Term Life Insurance - Annual renewable term life insurance policies provide a constant death benefit for the duration of the term life insurance policy but the premiums are reassessed every year.
  • Whole Life Insurance - Whole life insurance policies remain in force for the policyholder's entire life, provided premiums are paid. They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn. The maximum whole life insurance death benefit amount is 5.
  • Universal Life Insurance - This type of universal life insurance policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.
  • Variable Universal Life Insurance - These types of universal life insurance policies provides the most flexibility when it comes to investing the cash value of a universal life policy in separate accounts with "variable" values.

As well as the basic coverage types mentioned above, New York Life - Life Insurance company also offers the following life insurance policies:

  • Final Expense - Even bare-bones funerals can cost thousands of dollars. These whole life insurance policies, also known as burial insurance, cover funeral and burial costs.

What is the financial strength rating of New York Life - Life Insurance?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives New York Life - Life Insurance an A+, which is the highest available rating we give to life insurance companies.

SuperMoney's financial strength rating is primarily based on the average score from insurance rating agencies.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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About New York Life - Life Insurance

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Financial Strength Rating A+
Life Insurance Features
  • Business Continuity Assistance
  • Cash Value Loans
  • Five-Year Policies Available
  • No Medical Exam Policies
Term Length 10 - 20
Term Options
  • Term Life
  • Level Term
  • Annual Renewable
Whole / Permanent Life Options
  • Whole Life (Traditional)
  • Universal Life
  • Universal (Variable)
Whole Life Age Range Up to 7
Whole Life Death Benefit Range Up to $5
Group Life Options
  • Group Basic Term Life Benefit
  • Group Supplemental Term Life Benefit
  • Group Whole Life Benefit
Life Insurance Riders
  • Accelerated Death Benefit (Terminal Illnesses)
  • Accidental Death or Dismemberment / Double Indemnity
  • Additional Term Rider
  • Automatic Premium Loan
  • Child Term Rider
  • Cost of Living (Increasing Term)
  • Guaranteed Insurability / Renewability
  • Long-Term Care
  • Paid-Up Additions
  • Spouse Insurance
  • Term Conversion
  • Waiver of Premium Due to Illness / Disability

New York Life - Life Insurance Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +60, equating to 4.2 on a 5 point rating scale.

+60

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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