Our Guarantees

No matter which policy you choose, few other financial products come with the guarantees of our whole life insurance:

  1. Guaranteed death benefit
    Your beneficiaries will never receive less than the amount of the policy, unless there are outstanding loans, as long as you continue to make the required premium payments.

  2. Guaranteed premiums
    Your premium will never increase due to economic conditions, changes in your health, or as you get older.

  3. Guaranteed cash value growth
    Your whole life policy is guaranteed to accumulate cash value and grow regardless of the economic environment.

Guarantees of a Whole Life policy are based on the claims-paying ability of the issuer 

I would like to learn more about benefits of owning New York Life's Whole Life Insurance Policy. Download Client Inquiry Card

Connect with a financial professional

Customize a plan that works best for you.

What it is and how it works.
Whole life is permanent, guaranteed life insurance coverage. Simply put, as long as you pay the premiums, your policy will provide the security of a guaranteed death benefit and an accumulation component called cash value. 

The Cost of Waiting
When it comes to purchasing a permanent life insurance policy, there is a cost to waiting. Life insurance premium rates are based in part on age, which means any new coverage will cost more the longer you wait. Also, to qualify for life insurance, you must be healthy. Most people are healthy when they are younger, the older we get, the more health can impact our ability to qualify for life insurance. That’s why it is wise to put a permanent policy in place early to lock in your insurability at a cost-effective rate.

Father and two kids