Employee benefits: 10 ways New York Life can help.

5. “Sometimes if my partner gets caught up at work, or the babysitter is off due to illness, then I’m stuck when it comes to childcare.”

Juggling two work schedules, afterschool activities, daycare, medical appointments, and impromptu playdates is no easy feat. And once in a while, plans go awry—or something unexpected happens. New York Life knows you can’t always plan for everything, which is why we offer our Backup Care Connection, also part of our LifeCare service. 

Get same-day childcare for up to 20 days per year, per child—at only $10 a day. We hope this gives our employees some peace of mind.

Also, when it comes to family life, we know there’s nothing better than putting a smile on kids’ faces. Quality family time is integral to a healthy work-life balance. But the cost of family outings can rapidly add up. LifeMart is the discount branch of our LifeCare service and offers all New York Life employees a wide range of perks and discounts from various companies. These include concert tickets, theme park admissions, movie theater tickets, travel, and car rental. Balance the personal and the professional—and make memories that mean something.

Find out more about our caregiving benefits here.

6. “My partner and I want to start a family, and to do so, we need to adopt. But we don’t know where to start, or how we will afford it!”

Starting a family is one of the most exciting times in a person’s life. But it can also be daunting–whether you’re trying to get pregnant, or if you’re looking to adopt. We support all our employees in taking this big next step by offering expert specialists who can assist with the process.

Pregnancy leave is covered with short-term disability benefits, and when it comes to adoption, we offer up to $10,000 in reimbursement for any eligible expenses over a 12-month period for each family. Plus, paid parental leave is available for fathers, domestic partners, and same-sex spouses. 

Learn more in this article that explains more about our adoption loan benefits.

7. “I’ve battled with an underlying health condition for years. My medical costs are a struggle.”

New York Life takes medical coverage seriously, and we think it is important that our employees have access to a package that works for them, which is why we offer two medical insurance options. Both are available through Aetna, with 100 percent coverage for in-network preventative care. Our Active Health Option has a Health Reimbursement Account funded by New York Life, allowing employees to access funds to cover prescription expenses or medical costs.

Need to see a doctor urgently, or have a medical issue while traveling? Our Telemedicine service, Teladoc, can connect people with a physician no matter where they are, through phone or video consultation. 

We also offer dental coverage, vision coverage, and preventative care programs such as routine physicals and baby-care appointments. At New York Life, staying healthy is a priority.

8. “I’m anxious about planning for my family’s future. I want to make sure they’re financially safe no matter what happens.”

As a life insurance company, future planning is in our DNA. Ensuring the families of our employees are protected in any eventuality is of the utmost importance. An amount of life insurance coverage is offered at no extra cost for our employees, as well as options for dependents. And when it comes to finances, we offer all of our employees a 401(k) plan with a company match.

With our 401(k) plan, employees can make savings work for them through company-matched contributions towards retirement. The plan can accommodate any savings strategy with pre-tax and after-tax features and allows employees to rollover a balance from other eligible employer-sponsored plans. 

In addition, some employees are eligible for a pension plan¹, to help build a solid foundation for their financial futures.

9. “My mother is unwell. I would like the peace of mind of knowing I can take bereavement leave if the worst should happen.”

If there is a death in a family, our employees are entitled to 15 days paid leave as a part of our recently expanded bereavement policy. This applies to the loss of anybody considered to be a “loved one”, as defined by our employees themselves. We are also in the process of designing training for managers and resources for employees on how to support grieving colleagues. New York Life is committed to supporting our employees as they navigate these difficult times in their lives. The health and wellbeing of our team is of utmost priority.

The death of a loved one often impacts children who spend a majority of their days at school. As one of the largest corporate funders of childhood bereavement support, New York Life created the Grief-Sensitive Schools Initiative to address the gap in grief support in schools by providing resources and tools for school communities to support grieving students and their families.

Learn more about New York Life's bereavement benefits in this article where one of our employees shares their experience.

10. “With everything that’s happening in the world, there’s been a few times I’ve found myself feeling pretty stressed out and anxious. I wish I had some tools to help manage my mental health.”

We can all feel overwhelmed or in need of some extra support at times. At New York Life, mental health matters. We offer short-term counseling resources to employees, and our member website provides access to tools and resources to help when they’re not feeling like themselves. 

Taking vacation time is another important part of maintaining a healthy work-life balance and good mental health. At New York Life, we want employees to take the time they need to reset. Employees accrue vacation time based on years of service, ranging from two to five weeks. Plus, New York Life offers employees paid volunteer days, a number of personal days to take annually, and the chance to leave early on “Summer Fridays” — giving them a head start on their weekends over the course of some summer weeks.

To take a deeper dive and read an employee's first hand account of how our student loan repayment benefits helped them visit here.

If this sounds like the kind of company where you believe you can thrive, we encourage you to explore the career opportunities currently available at New York Life.

¹Pension plan available for eligible employees. Eligible employees are vested after 3 years of full-time employment.