New York Life - Life Insurance

in Life Insurance from New York Life

Last Updated: 04/18/2025

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Strongly recommended9 total votes

7 users recommend

2 users are unsure

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Highlights

Community Rating

Strongly recommended

Term Life Death Benefit Range

Up to $1,000,000

Term Options

Term Life
Level Term
Annual Renewable

Financial Strength Rating

A+(Verified 04/18/2025)

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Number of Reviews

New York Life - Life Insurance Review

New York Life - Life Insurance Pros & Cons

Pros

Cons

Offers life insurance policies that don't require medical exams.
Strong financial rating
Available in all 50 states.
Access to multiple life insurance policy types.

New York Life 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 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 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. The maximum death benefit amount forn term life insurance policies is $1,000,000.
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 They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn.
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.

What is SuperMoney's financial rating of New York Life?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives New York Life 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 independent insurance rating agencies.

Source: Moody's, A.M Best, and Standard & Poor's as of 01-01-25.

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.