If not, you can reach New York life through its customer service line. The best way to learn more about your life insurance with New York Life is to contact your insurance agent - if you have one. While New York Life Insurance stands out for its dependability and financial strength, it has some flaws in terms of its accessibility. This is a good option for someone interested in diversified investment approaches. Protection up to age 90: Offers up to $1 million in coverage up to age 90.įinally, New York Life offers a variable universal policy, which allows you to invest in mutual insurance companies, stocks and bonds.Comes with a fixed premium and guaranteed death benefit. Custom guarantee: Doesn’t gain cash value.Standard universal policy: Gains cash value and can be customized in terms of death benefit, coverage length and premium.Unlike whole life insurance, universal insurance policies are designed to meet each policyholder’s needs and come with flexible death benefit options. These are the universal insurance policies offered by New York Life: Custom whole life policy: A decent option if you want to customize your plan, pay off premiums early or adjust your cash value limit.Standard whole life policy: Coverage gains cash value throughout your life and can be used to supplement retirement.You can buy a whole life policy at any stage of life, but these plans generally require a medical exam (look into what no-exam life insurance is if you’re interested in a policy without an exam).įor whole life insurance, New York Life offers: WholeĪ whole life insurance policy lasts for the policyholder’s entire life. If you’re unsure if a term policy is right for you, check out our guide on what term life insurance is to learn more.
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Here’s a brief look at the types of life insurance plans available. New York Life is fairly standard in terms of the variety of coverage it offers. Premiums vary depending on your location, life history, health and other factors, but you should be prepared to invest a bit more for your entry to life insurance with New York Life. Life insurance with New York Life is an investment, not a quick solution. This company also isn’t the best for low-cost plans. To get a quote, you’ll have to talk to New York Life’s financial professionals over the phone or in person. New York Life offers very little information about its plans online. What a New York Life Insurance plan doesn’t offer
Through AARP, New York Life Insurance helps retired people access a dependable plan. Like other life insurance companies, New York Life offers strong long-term policies with plenty of riders. This isn’t a life insurance startup or alternative investment opportunity - it’s a well-established life insurer. What a New York Life Insurance plan offersĪ life insurance plan with New York Life offers financial security and stability. Like most major insurance providers, New York Life offers a variety of plans, including term, universal and whole life insurance.
Let’s take a closer look at New York Life Insurance company’s coverage options. While it is one of the more expensive life insurance companies on the market, New York Life offers dependable policies that will build cash value over time. It has a high financial strength rating and pays out dividends to policyholders across the country. New York Life is a big name in the market for life insurance.
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