Is NY life a reputable company?

Ranked #11 in Best Life Insurance Companies of 2021 New York Life ranks no. 11 on our Best Life Insurance ranking. It offers term, whole, universal, and variable universal life insurance policies to its customers.

Are life insurance annuities a good investment?

Annuities can provide a reliable income stream in retirement, but if you die too soon, you may not get your money’s worth. Annuities often have high fees compared to mutual funds and other investments. You can customize an annuity to fit your needs, but you’ll usually have to pay more or accept a lower monthly income.

Is New York Life a good insurance company?

Financially, New York Life is one of the most stable companies you can purchase insurance from. New York Life takes customer satisfaction seriously, and has one of the highest customer satisfaction ratings of any insurance company.

Does New York Life sell health insurance?

No, they do not. New York Life Insurance is not in the health insurance business. New York Life Insurance focuses on life and disability insurance, long-term care insurance, annuities and retirement planning as well financial services. They have a long and distinguished history but are not a health insurance resource.

Is New York Life Insurance a public company?

Apart from its life insurance business, New York Life also sells long-term care insurance, annuities, and mutual funds, and operates a growing investment management business. New York Life is a mutual insurance company and is not publicly traded.

What is New York Life rating?

New York Life is the second largest life insurance company in the United States after Northwestern Mutual . The company has received the highest financial strength and issuer credit ratings according to independent credit rating agencies. New York Life holds an A.M. Best rating of A++ (Superior), an S&P rating of AA+, and a Moody’s rating of Aaa.