Whole life insurance: Financial security for life, and all its uncertainties.

I am 

 and I care about 

The guarantees of a whole life policy are based on the claims-paying ability of the issuer.

Do you know that whole life policies are eligible for dividends?

Some insurance policies give you a whole lot more.

It starts with guaranteed protection.

Whole Life Insurance from New York Life offers permanent coverage, with premiums that never go up.

Locking in your premium now guarantees protection* for the rest of your life as long as your premium is paid when it’s due, so you can rest assured your family or business is protected—no matter what, no matter when.

The policy’s proceeds can be used in many different ways, to fund:

  • Your loved ones’ regular expenses
  • The mortgage on your home
  • Gifts to your loved ones
  • Charitable giving
  • Business needs

Yet, what sounds like the end of the story is really just the beginning of what this policy can achieve.

It grows guaranteed cash value.

As long as you keep premiums up-to-date, your Whole Life policy will build cash value. Over time, you can tap into this value to help pay for things like college or a down payment on a home.** For many, the policy’s cash value is especially useful after children have grown, when there may be less need for the death benefit. At this point, whole life can become part of your retirement plan, supplementing your income as you gradually draw down your cash value.


There’s another way your policy can grow in value: through dividends. A dividend is a share of New York Life’s divisible surplus. And since New York Life doesn’t answer to Wall Street shareholders, a portion of our surplus is distributed directly to our participating policy owners. Dividends are not guaranteed, but, thanks to our financial strength, New York Life has paid dividends every single year since 1854, including the economic downturn of 2008 and throughout the Great Depression.

It diversifies your tax situation.

The cash value of a whole life policy grows on a tax-deferred basis—which can help it grow considerably. And when you borrow from that value, it won’t be taxed.** In the event of an untimely death, beneficiaries also generally receive the value of your policy tax-free.

It can help protect your business.

Whole Life can be used to protect against the loss of key employees, fund buy-sell agreements, ensure the continuation of your business into its next generation, or even reward your top employees.

Let us customize whole life to your life.

We can customize your policy to pay premiums only for a set period of time, or increase your insurance benefits and grow your cash value more quickly. Other optional riders (some at additional cost), let you increase your coverage level or boost your coverage for a limited period of time with a term life rider, as well as guarantee your premium payments are taken care of should the insured ever become disabled, and more.

How could whole life work for you? Contact an expert and find out.


The truth about whole life.

Whatever whole life features you’re considering, check out these articles for help making choices that work best for you.

5 reasons why whole life can be good for your portfolio

While whole life insurance is about protecting the people who rely on you, a recent study found that it can help reduce risk in your overall portfolio as well.

An Unexpected Way to Avoid College Debt

These days, educational debt mounts up fast. But whole life could help keep it in check.

The Potential Pitfalls of BTID

The old adage “buy term and invest the difference” works for some people but not for others.

Is Whole Life a Wise Choice at Age 23?

Read one woman’s story about making the choice. And how she’s benefiting already.

Insurance needs change. Have yours?

Find out

Talk it through with an expert.

We're here to help.