Choosing between types of life insurance isn't always easy. A professionally trained, licensed New York Life Insurance Company Agent has the knowledge and expertise to tailor our products to meet your financial goals. If you would like, you can complete a form to schedule an appointment with one of our professional agents in your area.
In the mean time, please feel free to read more about some of the types of life insurance we offer at New York Life.
Term Life Insurance
Term Life Insurance is the most basic kind of life insurance. It provides affordable protection for a pre-defined period of time, so it is often used to serve temporary protection needs.
Whole Life Insurance
Whole Life Insurance protects you for your whole life, from the day you purchase the policy until you die, and accumulates cash value as long as you pay the premiums when due. It is also called permanent insurance.
Universal Life Insurance
Universal Life Insurance provides permanent life insurance protection and access to cash values that grow tax-deferred at competitive interest rates. Loans and/or partial surrenders will reduce the death benefit and cash value, can affect the lifetime no lapse guarantee benefit/lifetime coverage protection benefit, and may carry a tax penalty, if the policy is a modified endowment and the policyholder is not yet 59 ½. State variations may apply.
Survivorship Life Insurance
Survivorship Life Insurance is a life insurance policy that covers two individuals and provides a death benefit after the death of the last surviving insured.
Questions about this article or about New York Life, our subsidiaries and the products that we offer? Please call this toll-free number 800-710-7945 to arrange for a discussion with a New York Life agent.
This material is for informational purposes only. Neither New York Life nor its agents provide tax, legal, or accounting advice. Please consult your own tax, legal or accounting professional before making any decisions.
= external link that opens in new window...