|
United New York Life Insurance Company
About the Company
New York Life was founded in 1845. They are a prominent company in the insurance industry. As a mutual company, New York Life is owned by policyholders, not shareholders. They currently have over $12.9 billion in surplus.
New York Life offers life insurance, lifetime income, investment annuities, long-term care insurance, mutual funds, and a few other financial products.
Term Life Insurance Products
New York Life offers the following term life insurance products:
5 Year Term
- Premiums are guaranteed and remain level for the first five years.
- This is an affordable, short term insurance product.
- Initial premiums for this policy will be less expensive than a whole life policy.
- This policy is convertible. For ten years, all or part of your policy may be converted into cash value insurance.
20 Year Term
- Premiums for this 20 year policy are guaranteed to remain level for the first ten years.
- Premiums are expected to remain level through years 11 and 20 of the policy, but are not guaranteed and may rise.
- There is no cash accumulation value with this policy.
- You may convert this policy into a permanent policy without evidence of insurability.
Term to Age 90
- This policy is renewable every year until the policy holder reaches the age of 90.
- This is purely an insurance policy, it does not have a cash accumulation value.
- Premiums remain level for the first ten years of the policy. Starting with the eleventh year, premiums rise annually.
- You can convert your policy into a permanent policy without providing evidence of insurability.
- This is an annual policy. You can renew your policy each year without providing evidence of insurability.
- There is no cash accumulation value with this policy.
- Premiums increase annually.
- This policy is convertible.
Family Protection Insurance
- This policy allows you to insure dependant children as well as yourself.
United New York Financial Ratings
A.M. Best: A++
Standard & Poor's: AA+
Moody's: Aaa
Fitch: AAA
Request a free term life insurance quote >>
Term Life Insure provides free information concerning insurance products and services, but is not an agency or an insurer. We are not associated with the company or companies profiled on this page and we make no representation, express or implied, that you will receive a quote from the company profiled herein. Products may not be available in all states. Please speak to your insurance agent or carrier directly for more information.
