Due to wildfires in the area of Los Angeles County, California, the following New York Life office locations are closed today: Los Angeles General Office, Southern California General Office, Beverly Hills Sales Office, Pasadena Sales Office, San Fernando Valley General Office. We are closely monitoring the situation and will provide further updates.
New York Life Group Benefit Solutions Life Insurance
Life insurance can help your employees and their families stay financially protected and better prepared.
At New York Life Group Benefit Solutions (NYL GBS), we believe that life insurance coverage is one of the most important and valuable benefits you can offer your employees.
We offer annual enrollment events and flexible strategies, as agreed with clients, to help meet employees’ different life stages.
Group Life Insurance Policy Options
Our holistic, customer-centered approach to group life insurance provides value for both you and your employees:
NYL GBS Voluntary Term Life
Plans are tailored to meet employers’ needs with a choice of basic (employer-paid) or voluntary (employee-paid) term life coverage, or a combination of the two.
Employers
- Greater ease of administration and predictability with annual enrollment events
- Choice of flat benefits and salary-based plans
- Variety of policy administration solutions ranging from full-service support to plug-and-play capabilities (self, partial, or full administration)
- Stream-lined claims process
Employees
- Group coverage offers value and convenience
- Additional financial protection for employees and their families
- Offers living benefits through terminal illness coverage
- Access to financial tools, including our insurance needs assessment and premium calculator
Did you know?1
Among those who own life insurance, 1 in 5 people need more coverage.
Most consumers overestimate the cost of life insurance coverage by more than three times its actual cost.
Millennials overestimate the cost of life insurance by more than six times its actual cost.
55% of people don't buy (or don't buy additional) life insurance because they have other financial priorities.
Interested in transitioning your life insurance plan to NYL GBS?
Build strong employee connections with enriched value-add resources.2
Employee Assistance and Wellness Support3
Our program offers three face-to-face counseling sessions with certified clinicians as well as up to five resiliency coaching sessions from a certified counselor. We also offer Critical Incidence support for your employees. Additional resources include wellness articles, podcasts, videos, and much more. All services are available 24 hours a day, seven days a week.
Financial, Legal, Estate Support3
Provides unlimited consultations for financial planning and legal support from certified professionals to help with debt management, credit issues, tax consulting, legal documents, and more. Assistance also includes identity-theft support with legal specialists and fraud-resolution services, interactive online tools, calculators.
NYL GBS Survivor Assurance4
NYL GBS Survivor Assurance offers an interest-bearing account for beneficiary payments of $5,000 or more through NYL GBS life and Accidental Death and Dismemberment (AD&D) insurance policies. Beneficiaries also have access to the Employee Assistance and Wellness Support and Financial, Legal, Estate Support programs.3
Learn more about how New York Life can protect your employees.
Contact your producer or connect with a New York Life Group Benefit Solutions sales representative to learn more about how we can work together.
Voluntary Term Life Insurance is issued by Life Insurance Company of North America and New York Life Group Insurance Company of NY, subsidiaries of New York Life Insurance Company. Policy forms: Term Life -TL-004700 et al.
1LIMRA, "2021 Insurance Barometer Study," November 2021.
2These programs are NOT insurance and do not provide reimbursement for financial losses. Some restrictions may apply. Not available for policies issued by New York Life Group Insurance Company of NY. Programs are provided through third party vendors who are solely responsible for their products and services. Full terms, conditions and exclusions are contained in the applicable client program description and are subject to change. Program availability may vary by plan type and location and are not available where prohibited by law.
3These programs are NOT insurance and do not provide reimbursement for financial losses. Some restrictions may apply. Customers are required to pay the entire discounted charge for any discounted products or services available through these programs. Some services are available at the option of the employer for an additional cost. Programs are provided through third party vendors who are solely responsible for their products and services. Full terms, conditions and exclusions are contained in the applicable client program description and are subject to change. Program availability may vary by plan type and location and are not available where prohibited by law. These programs are not available under policies issued by New York Life Group Insurance Company of NY. Services are provided exclusively by ComPsych® effective January 1, 2023. ComPsych is solely responsible for its services and is not affiliated with New York Life Insurance Company or any of its affiliates.
4The Survivor Assurance Program for beneficiaries is available to beneficiaries receiving coverage checks over $5,000 from New York Life Group Benefit Solutions Life and Accidental Death and Dismemberment programs. Survivor Assurance accounts are not deposit account programs and are not insured by the Federal Deposit Insurance Corporation or any other federal agency. Account balances are the liability of the insurance company and the insurance company reserves the right to reduce account balances for any payment made in error. Counseling, legal or financial assistance and discount programs are not available for policies issued by New York Life Group Insurance Company of NY.
New York Life Group Benefit Solutions products and services are provided by Life Insurance Company of North America and New York Life Group Insurance Company of NY, subsidiaries of New York Life Insurance Company.
Life Insurance Company of North America is not licensed in New York and does not conduct insurance business in New York.
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myNYLGBS.com
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(888) 842-4462 or
(866) 562-8421 (Español)
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