It’s lifetime coverage in a one-time payment.


A Premium Deposit Account (PDA) helps you use your safe money to fund permanent life insurance. It keeps your money secured and growing—guaranteed.

Funding a PDA to pay the premiums on a new Custom Whole Life policy means one less thing to worry about. You get both security and growth in a simple, one-time payment that gives you:

  • The financial strength of a New York Life-backed Custom Whole Life policy1
  • A favorable interest rate2
  • Lower out-of-pocket costs over the long term
  • Guaranteed cash value accumulation
  • Dividend participation, when one is declared3

Learn more about Custom Whole Life here and talk to your agent about how a PDA might fit into your financial strategies.


Further Reading
  • 1 The guarantees of a Custom Whole Life policy are based on the claims-paying ability of the issuer.
  • 2 A PDA and a permanent life insurance policy are not FDIC insured.
  • 3 Dividends are not guaranteed.

In Oregon, the policy form number for New York Life Whole Life is ICC15216-50P.