What Does This Life Insurance Quotes Article Cover? Are you looking for the best value in life insurance? Have you been surfing the Internet for life insurance quotes? Why not include a New York Life Insurance Agent in your search?

You can buy just about anything online these days — airline tickets, books, cars, computers, and, yes, even life insurance. But not at New York Life Insurance Company (NYLIC). Sorry. That's not how we do business.

Oh, it's not that we can't. It's that we won't. We could make a nice profit selling one-size-fits-all term life insurance policies on the Internet. But we won't because at New York Life we don't believe that's the best way to buy life insurance, and it's not in your best interest for us to sell it to you that way.

At New York Life, we believe that the purchase of life insurance is a major decision, one that is best made with the input, and knowledge, and recommendations of a professional agent — an insurance agent who is well versed in helping clients understand their needs and who can explain the many choices available. Your New York Life Insurance Agent has committed to hundreds of hours of training, including Continuing Education on an annual basis. We believe that, unless you also happen to have built an intimate knowledge about the many life insurance options available to you, it makes as much sense to buy a life insurance online as it would treat yourself for an illness, rather than go to a doctor. The consequences in either situation can be risky — one in terms of your own physical health; the other in terms of your family's financial well-being.

We think it's great that you recognize the need for life insurance to protect your family or your business. We also believe it is smart to shop around for the appropriate product. However, if you are thinking about price shopping for the cheapest policy, we encourage you to think again. We also urge you to contact a New York Life agent.

By the time you finish price shopping on the web, your New York Life Insurance Agent could have come and gone, analyzed your insurance needs, laid out several good-choice options for you and helped you tailor the insurance product to best meets your need today and in the future. Best of all, since time and money are always important, your insurance agent will provide this service at no charge to you or obligation. After your insurance agent is done, you can always say, "Thanks for your time, but no thanks."

Still not sure? Well, here are some other reasons why you are encouraged to talk to a NYLIC Insurance Agent before you buy your next life insurance policy:

1. Life insurance is not a commodity. You can buy many items off the rack or out of a showroom. Some products, however — including life insurance — require careful measuring and sizing, so to speak, to make sure they fit just right.

   It's not like buying a hammer at the hardware store or looking for the best price on chicken breasts at the grocery. Even with these, by the way, unless you're careful, you risk getting less than you pay for — a hammer that the head flies off on the third swing or chicken that may not be "bad" but could have a slightly fresher smell to it.

   To work effectively, to meet your needs and help you achieve your goals — the reason you are shopping for life insurance — your decision involves a lot more than just price. The right insurance product should be tailored to your needs. It should be selected for the value it offers, not just the price it costs.

   Let's say you are in the market for new home. You know you want X number of square feet, so many bedrooms, the right neighborhood, etc. Of course, you look at price. That is a factor. But would you then go online, plug in your criteria, and push the blinking "buy now" button on the home that comes up cheapest? You want to look at the property, ask tons of questions, and make sure it is right for you before you sign on the dotted line.

2. Life insurance involves long-term commitments and serious needs. Buying an airline ticket online is one thing; buying life insurance online is another. You buy a life insurance policy because you are concerned, and rightly so, about a rather unpleasant event — your death — that could occur unexpectedly at any time in the future. You buy that policy because you want to make sure, real sure, your spouse and/or your children will not suffer financially at your death.

   You also are looking at potentially large sums of money — most likely hundreds of thousands of dollars — that you need to know, guaranteed, will be delivered to your loved ones in the event of your premature death. Make darn sure the policy you buy is the right one, not just the cheapest one. And, by the way, the right one for you may be affordable. But it is important to make sure...for your sake, for your family's sake.

   It's like that house. Unless you're buying it for a quick turnaround investment, you probably plan to own it for five, ten, maybe twenty or more years. You will do your research, talk to realtors, bankers, and people in the neighborhood. Most of all, you will take your time, go through the house several times and make sure this home will serve your needs for years to come. It is a major decision. So is buying life insurance.

3. Life insurance is not really as simple as it may seem at first glance. There are 3 choices — term, whole life and universal life — with dozens of variations.

   That 20-year level term life insurance policy your neighbor bought may work for her. But perhaps your needs would be better served with an annually renewable term life insurance product, or feature-rich whole life insurance, or universal life insurance. Just as important, does your situation call for a single life policy, a first-to-die product, or perhaps a second-to-die policy? Do you want to combine protection with cash value accumulation.

   Then there is the matter of how much coverage you need. Would you be best served with $100,000 of coverage, $500,000, or even $1,000,000 or more? Just as you shouldn't be underinsured, having more insurance coverage than you need is a senseless waste of money. Plus, who should own the policy, and how should your beneficiary designations be arranged?

   Finally, the appropriate-choice insurance policy has much to do with your age, number of dependents, income, health, number of household breadwinners, and much more.

4. Life insurance is not a stand-alone product. It is just one piece in a financial jigsaw puzzle. Life insurance is one player in what should be a well-coordinated team that may involve such other elements as your will, trusts, asset ownership and tax considerations, and much more.
5. Life insurance can achieve multiple objectives. A permanent policy that accumulates cash value, for example, can combine tax-deferred accumulation along with death benefit protection. Many people enjoy the benefits of the building cash value that can be accessed via loans* to help pay college costs for their children or supplement their pension, Social Security and other benefits in retirement.

   *Loans against your policy accrue interest and decrease the death benefit and cash value by the amount or the outstanding loan and interest.

6. Consider service. When you need to update your beneficiary designations, change policy ownership for tax reasons, or review your changing needs five years from now, who should — or can — you contact? That is where, once again, your NYLIC agent comes into play. That is his or her real role — not just selling you a product, but making sure you have the right solution...and then providing the service you need afterwards, at no charge to you.

How We Sell Life Insurance at New York Life
We believe that the purchase of life insurance involves the acquisition of a valuable asset. That's why we make our products available only through licensed New York Life agents.

Each life insurance agent is committed to help you identify your actual, specific and individual needs. Your agent is required by law and a code of ethics to make all recommendations based on your needs, not just a product that he or she would like to sell you.

That's why your New York Life agent will take the time to discuss your needs, and that means asking more than, "How much insurance coverage do you need?" In fact, your agent may seem a bit nosy — asking about your plans for your children, where and when you want to retire, your dreams, and more.

That 60 minutes or so you spend with your insurance agent is a good investment in creating a coordinated strategy to help you meet your objectives.

Your insurance agent will do all the work, with no obligation and at no cost to you. And then there'll be service. Need a beneficiary changed? Change of address? Annual review to make sure your coverage is still current with your needs? As mentioned above, just call your New York Life Insurance Agent. That's all part of the service he or she provides at no additional charge.(Not that you don't have many servicing options available to you on newyorklife.com itself. Our Virtual Service Center offers you a full range of online service options, from simple look-up of account values, to changing an address, resetting your password, transferring funds, and so on. )

The Bottom Line
New York Life is one of the oldest, most financially stable and most respected life insurance companies in the world. We're not a warehouse wholesaler of policies. We don't just manufacture them. We believe that the life insurance business is a people business. That's why we sell through our insurance agents. That's also why we don't sell life insurance online, at any price.

Recommendation
Before you buy online, call a New York Life agent for an appointment. If you are not comfortable with his or her recommendations, you can always go online — but we feel confident you won't feel the need to, any longer.

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