Question: Is there Federal Income Tax on the Benefits? Answer: No, the proceeds to beneficiaries are generally free from federal income tax.

September is Life Insurance Awareness Month and New York Life is proud to support this industry-wide effort.

Life Insurance is a financial tool that protects against the risk that a person will die too soon and be unable to fulfill obligations to loved ones. A life insurance policy guarantees that a designated amount of money will be available, generally income-tax-free, at the very time it is needed most, at death, when survivors may be exposed to certain financial risks, such as burial expenses, loss of personal or business income and debts.

In our Real Life Stories section, we share the stories of real people who benefited from life insurance when they needed it most. Watch or read the stories in this section... more

Tell us your stories
New York Life is looking for personal and compelling stories from our clients that show the value of life insurance as well as the benefits of working with a New York Life Agent. Tell us about the extraordinary people and families you know whose lives and legacies were positively impacted as a result of New York Life and its agents. Selected Stories will be presented on the LIAM section throughout September as well as on newyorklife.com... more

WHY Life Insurance? Why?
Learn about life insurance, and understand its necessity and importance.

WHO needs it? Who needs it?
Learn about particular financial goals or life stages that may require the need for life insurance.

WHAT kind? What kind?
Understand the various kinds of life insurance that are available and see which best fits your needs.

HOW much? How much?
Learn what questions to ask yourself and how to calculate the amount of life insurance you need.

WHAT do you need to know? What do you need to know?
Understand the specifics of life insurance, like underwriting, dividends, and optional riders, to name a few.

HOW to get it? How to get it?
Find out how and where you can buy life insurance that will appropriately meet your needs.

Blog, produced by the LIFE Foundation, The Insurance Word Blog is dedicated to helping consumers make smart insurance decisions.

Comedienne and Actress Molly Shannon is this year's spokesperson for Life Insurance Awareness Month. When Molly was four years old, she was in a car accident that took the lives of her 33-year old mother, her cousin and her younger sister. Her dad was badly injured in the accident and was unable to work for several years. Molly’s mom, a school teacher, didn't have any life insurance coverage.... View the Video View the Molly Shannon Video!

Did You Know?

QUIZ!

Test your life insurance knowledge by taking our Life Insurance Quiz.

Life Insurance 101

Life and Health Insurance Foundation for Education

Interactive Decision Guide Term or Perm? Which is right for you? Try our Interactive Decision Guide.
Provided by the Life and Health Insurance Foundation for Education

Insurance Needs Calculator
How much life insurance do you need to maintain your family's quality of life?

NYL LIAM Web site to educate and protect.

Consult an Agent!
Simply complete and send the form below and we'll have a New York Life agent in your area contact you at your convenience.

September is Life Insurance Awareness Month and New York Life is proud to support this industry-wide effort.

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