Chairman of the Board and Chief Executive Officer Ted Mathas recently said, “New York Life’s record total dividend payout exemplifies our ongoing commitment to our noble purpose as a mutual company and to delivering long-term value to our policy owners.” Annual dividends are an important way for New York Life to ensure long-term, reliable financial security to policy owners.
You can use your dividend to purchase additional life insurance, which will increase your cash value, or you can also use it to offset the cost of your insurance premiums.
The most efficient way to build your annual dividends into your financial strategy is to work directly with a New York Life financial professional. You have options on how you choose to use a dividend, so it makes sense to get some guidance from an expert who can help you optimize your financial growth over time with the right savings vehicles.
Getting the most out of your New York Life solutions will put you on the path to a secure and comfortable future.