For over 175 years, New York Life Insurance Company (New York Life) has been providing financial security to families, individuals, and businesses through its insurance, annuity, and investment products and services.
At New York Life, we understand the complex personal and business planning needs of high-net worth individuals and businesses. We know that building your wealth or business can take years, and we’re here to ensure it lasts for years to come.
Using traditional life insurance products such as whole life and universal life has long been a favored tax-advantaged strategy for wealth transfer, funding retirement income, and business protection. Specialized life insurance solutions can also play a key role in helping banks and corporations retain their key executives through wealth transfer and executive benefit strategies.
Our broad portfolio of competitive institutional life insurance products include Bank Owned Life Insurance (BOLI) and Corporate Owned Life Insurance (COLI), which are issued by New York Life Insurance and Annuity Corporation (NYLIAC), a wholly-owned subsidiary of New York Life.
Both NYLIAC and New York Life have received the highest financial strength ratings currently awarded to any U.S. life insurer by all four of the major credit rating agencies1—which means that you can trust us to protect and grow your client’s wealth over time.
Whether you are looking for traditional life insurance products or specialized products for bank and corporate owners, we've got you covered.
1Source: Independent third party commentaries as of 6-22-2022