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About New York Life

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About New York Life

Founded in 1845 and headquartered in New York City, New York Life Insurance Company is a Fortune 100 company and the oldest and one of the largest mutual life insurance companies in America. New York Life maintains operations in all 50 states and several markets in Asia and Latin America through a network of more than 17,000 employees and more than 60,000 licensed agents. The Company holds the highest possible ratings for financial strength currently awarded to any life insurer from the life insurance industry's four principal rating agencies. In 2010, New York Life Insurance Company generated record U.S. individual life insurance sales, an increase of 39%1 over 2009 and well above the industry’s growth of 12% in 2010.2

About Our Businesses

U.S. Life Insurance and Agency

The U.S. Life Insurance and Agency business manufactures a full array of life insurance products, including:

  • Whole Life
  • Term
  • Universal Life and
  • Variable Universal Life as well as
  • Long-Term Care Insurance

    The majority of all individual life insurance products are sold by New York Life’s career agents. In 2010, the Company was the number one-seller of new individual life insurance in the United States.2

    The company also provides Corporate Life Insurance (COLI), and Bank-Owned Life Insurance (BOLI).

    Retirement Income Security

    The Retirement Income Security (RIS) business is dedicated to providing solutions to customers as they progress through the different phases of retirement planning. RIS develops and markets deferred variable annuities and fixed annuities as well as Guaranteed Lifetime Income products (fixed immediate annuities) and mutual funds. In 2010, New York Life ranked as the number-one provider of Guaranteed Lifetime Income Annuities in the United States.3

    New York Life Investments

    New York Life’s subsidiary, New York Life Investments, is one of the largest asset management firms in the United States. Managing more than $283billion in assets under management,4 it offers an array of products and services for both retail and institutional investors.

    New York Life Enterprises

    New York Life Enterprises manages an array of ancillary businesses that provide products and services to specialty and international markets, including the Company’s Group Membership Association Division, AARP Life Insurance and AARP Lifetime Income programs, and international offices: Seguros Monterrey New York Life (Mexico), Max New York Life (India), and New York Life Insurance Taiwan Corporation (Taiwan).

    1 Does not include life insurance sales through AARP.

    2 Source: LIMRA International, U.S. Individual Life Insurance Sales Survey, year-end results. Sales based on all planned recurring premiums plus 100 percent of reported single premiums.

    3 Source: LIMRA International, U.S. Individual Annuity Sales, third quarter 2010 results. Based on Fixed Immediate Annuity Sales.

    4 Including affiliates as of December 31, 2010

  • Rate
    Rating: 3.8/5 (327 votes cast)

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    About New York Life

    CONSULT AN AGENT NEAR YOU

    Please complete and send the form below and we'll have a New York Life agent in your area contact you at your convenience.

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