How long has New York Life been in business?
New York Life first opened for business in 1845 as Nautilus Insurance Company. We became New York Life Insurance Company in 1849.

How large is New York Life?
New York Life, including its subsidiaries, is a Fortune 100 company, with over $225 billion in assets under management and over $11 billion in operating revenues. We have offices throughout the nation. Internationally, we have offices in Argentina, mainland China, Hong Kong, Mexico, Taiwan, India, Vietnam and South Korea.

What, exactly, is a "mutual insurance company"?
Unlike a stock company, a mutual insurance company, such as New York Life, does not offer shares of stock on public exchanges. Rather, it is operated and maintained for the benefit of its members, or policyowners. All policyowners have the right to vote for the Company's Board of Directors and to receive a fair share of the dividends declared by the Board each year.

Who are some of New York Life's major clients?
Some of our more recognizable clients include General Motors, the National Basketball Association, the Air Line Pilots Association, and The American Institute of Architects. Over the course of our history, we have also insured many United States Presidents and a host of famous political, social, business, and military leaders, professional athletes, and entertainers.

What products and services does New York Life offer?
On the insurance side, New York Life and its subsidiaries offer traditional life insurance and annuities. On the investment side, New York Life is subsidiaries provide institutional asset management and trust services and, through a subsidiary, NYLIFE Securities LLC. (member FINRA/SIPC), provide an array of securities products and services such as institutional and retail mutual funds, including 401(k) products.

Does New York Life have an office near me?
We have offices nationwide. Just click to find the office nearest you. But you don't have to go to a New York Life office - an agent can visit you in your home or place of business. You can always search for a local New York agent, or click here to consult an agent.

How can I purchase a product from New York Life?
Insurance products must be purchased through an agent, who will work closely with you to determine your needs and the best product to fill them. Mutual funds may be purchased through your workplace or individually, through a registered representative of NYLIFE Securities LLC., member FINRA/SIPC.

What makes New York Life different? Why should I buy from you?
Throughout its 150+ year history, New York Life has built a reputation for integrity and financial strength. We are also a founding member of the Insurance Marketplace Standards Association. Our highly trained agents are required to continue their educations throughout their careers, ensuring they'll be knowledgeable and responsive to your needs. Most importantly, for over seven generations, we have been there for our customers when they needed us most. And we are committed to carrying on this proud tradition.

How are New York Life agents selected and trained?
All New York Life agents must complete a rigorous training course, called NYLIC University, before they can sell our products. After that, they are required to continue their professional educations throughout their careers. In each general office, agents are recruited by sales managers, who look for initiative, intelligence, and character in a candidate. If you're interested in becoming an agent, click here.

Who is on your Board of Directors?
Click here for information about our Board of Directors.

What are ratings? Why are they so important?
Independent ratings for insurance companies are based on their financial strength and ability to pay claims - two critical factors in choosing an insurer. The higher a company is rated, the stronger and more reliable it is. Four major companies — Fitch, Moody's Investors Service, Standard & Poor's, and A.M. Best — have all given New York Life and NYLIAC (our annuity subsidiary) high ratings. Find out what the ratings agencies say for more information.

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