New York Life

New York Life is a registered trademark of New York Life. New York Life is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the website. Trademarks referring to specific providers are used by for nominative purposes only: to truthfully identify the source of the products about which information is provided. Such trademarks are solely the property of their respective owners.
One of the Fortune 100 Companies that is also considered the largest provider of mutual life insurance in the United States is New York Life Insurance. The company offers a number of different services such as long-term care insurance, annuities, and life insurance. They also offer plans relating to retirement and asset management. Institutional funds and retail mutual funds are also types of the wide variety of services and products they offer. Many of their products are marketed and targeted to customers in Asia and Latin America.


More About New York Life

The New York Life Insurance Company was formed over 160 years ago, and has consistently been providing strength and different investment plans for the financial protection of their customers. Policyholders can receive cash dividends, as well as access to their enhanced line of products, and New York Life was the first to offer these options. This has allowed clients and their families to access their new line of financial products. The company employs some of the best agents in the world as their life insurance agents. These agents are used to estimate the needs of the clients and to meet those financial needs. Since New York Life is a mutual insurance company, it is not traded publicly. Policyholders are considered shareholders in the company, and are not required to purchase individual shares or to spend money on being a part of the company. In terms of the long term planning and growth of the company, the policyholders are considered partners in the company. They have accumulated over $160 billion in assets, and currently have a diverse yet stable portfolio that continues to receive high ratings over the years. To gather these earnings, the company has had to make some tremendous efforts. Some say that New York Life has the strongest capital position of all similar companies in the field.

New York Life Ratings

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New York Life Insurance Ratings

Some of the highest ratings imaginable from the best insurance rating agencies in the world have been given to New York Life. A.M. Best rated the company an A++, while Standard and Poor’s rated the company an AA+. Moody’s, one of the best companies around, gave them a rating of AAA, and Fitch rated them a solid AAA.

The foundation of our balance sheet management depends on our conservative stance. By using a stable and diverse investment portfolio, the company has been able to gather a fixed income of securities, as well as providing investment grade ratings. The company also believes in expense control and keeping a low expense ratio. This shows just how strong the financial backing of the company is. Policyholders can take part in the investments, and when they get dividends back, they are officially labeled as company shareholders. During the 1800’s, the company paid over $35 billion in dividends to policyholders. In 2004 alone, the company gave out $1.4 billion to policyholders. The policyholders can choose to buy a new life insurance policy, or take one of the other options the company offers. Those who have been members for years can ask that their payments be paid for with their dividends.

Since the company was first formed, New York Life has been devoted to their core values. Each year, the company donates money to different charities and organizations. This has been in place since the company first offered assistance to victims of the yellow fever outbreak in New Orleans. After that, New York Life officially began a formal budget for contribution money in 1951. A new initiative called Nurturing the Children was established in 1998.