Why New York Life?

When you buy Guaranteed Lifetime Income products, you are buying a promise: a promise that the insurance company responsible for making your future payments will be there, strong and solvent, years from now to pay its long–term obligations. That's why so many people who know New York Life Insurance and Annuity Corporation's financial strength choose us as a source for their Guaranteed Lifetime Income. New York Life Insurance and Annuity Corporation, which is not a publicly traded company, is able to manage its business free from Wall Street's focus on short-term financial performance. Unlike publicly owned companies that manage their business for the benefit of public company shareholders, New York Life Insurance and Annuity Corporation is guided by the longer-term needs and expectations of its policyholders.

Since income benefits are often paid for many years, you want to be absolutely confident that the insurance company providing your Guaranteed Lifetime Income benefits is backed by rock–solid financials. New York Life Insurance and Annuity Corporation has the financial strength to weather unexpected storms, and consistently receives among the highest ratings for financial strength from the life insurance industry's independent rating agencies.¹ Our financial strength means that we will be able to keep our long–term obligations, and our integrity and humanity means that we will keep them.

New York Life Insurance Company, the parent of New York Life Insurance and Annuity Corporation, is a mutual insurance company that consistently receives among the highest ratings for financial strength¹ and has been in business for over 161 years.

¹ New York Life Insurance Company and New York Life Insurance and Annuity Corporation are rated A++ from A.M. Best, AAA from Standard & Poor’s, Aaa from Moody’s, and AAA from Fitch for financial strength (third party rating reports, 4/19/06).

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