MainStay Mutual Funds
Retirement Plan Services
Protection for your short-term needs with a pathway for permanent coverage.
If you're looking for a simple entry into life insurance, this is the best way to go. Term life is exactly what it sounds like: protection for a set period. It's solid coverage, and you can convert your coverage to a more permanent solution if your life changes.
Lifetime protection that also builds cash value.
If you're looking for a policy that's guaranteed to grow and is designed to offer permanent lifetime protection this is it. Your policy also provides cash value, which is money that accumulates in your policy over time. Eligible policy owners may also receive an annual dividend, which can help grow the cash value even faster. (Dividends are not guaranteed, but New York Life has paid dividends to eligible policy owners every year since 1854.) Whole life is also something to consider if you'd like the flexibility to supplement your retirement income by accessing the cash value of your life insurance policy.*
Long-term protection with flexibility.
If you need long-term protection but aren’t as concerned about cash value growth, universal life insurance is a smart way to go. It's a long-term solution that gives you the ability to adjust your premiums and benefits when your needs change.
Lifetime protection with market-based growth potential.
If you'd like to leverage market opportunities, you can do so with a variable universal life policy. You'll get long-term protection and investment options that may grow your cash value over time.
Long-term protection that offers tax-deferred growth.
If you’re the kind of person who likes to tackle multiple goals at once, you’ll be glad to hear that these versatile products can help protect your loved ones while also giving you a tax-advantaged way to build wealth and prepare for long-term needs like retirement.
It all depends on what your needs are. If you’re looking for immediate protection without committing to a permanent policy right now, you may want to consider term life. If you need a versatile policy that will protect your loved ones and accumulate cash value, think about whole life.
Life insurance can play an important role in your financial security at any stage of life. Starting sooner allows you to accumulate more cash value and gives you more budget-friendly options.
We have many options for both temporary and permanent life insurance policies. Many people select a combination of both, giving them appropriate coverage that fits within their budget.
Insurance plans provided by employers are a welcome benefit, but many of them still leave a financial gap. Our financial professionals can work with you to determine exactly what you need.
The guarantees of a whole life policy are based on the claims-paying ability of the issuer.
*Accessing the cash value will reduce the total cash value and the total death benefit.