New york life insurance and annuity corporation
New York Life Insurance and Annuity Corporation (NYL) is a leading provider of life insurance, annuities, and investment products in the United States. Here are some key facts about the company:
History: New York Life was founded in 1845 and is one of the oldest and largest mutual life insurance companies in the United States.
Products: NYL offers a range of products, including:
- Life Insurance: Term life, whole life, universal life, and variable universal life insurance policies.
- Annuities: Fixed and variable annuities, including immediate annuities, deferred annuities, and indexed annuities.
- Investment Products: Mutual funds, exchange-traded funds (ETFs), and other investment products.
- Retirement Products: 401(k), 403(b), and other retirement plans.
Financial Strength: NYL has a strong financial foundation, with:
- A.M. Best rating: A++ (Superior)
- Moody's rating: Aaa (Highest Quality)
- Standard & Poor's rating: AA+ (Very Strong)
Assets: As of 2022, NYL has over $300 billion in assets under management.
Policyholders: NYL has over 5 million policyholders and annuity contract holders.
Employees: NYL has over 25,000 employees worldwide.
Community Involvement: NYL is committed to giving back to the community, with a focus on education, healthcare, and financial literacy. The company has donated over $200 million to charitable organizations since 2006.
Awards and Recognition: NYL has received numerous awards and recognition for its products, services, and community involvement, including:
- Fortune 500 company
- Forbes America's Best Employers
- Human Rights Campaign Corporate Equality Index
- National Association of Insurance and Financial Advisors (NAIFA) Company of the Year
Overall, New York Life Insurance and Annuity Corporation is a well-established and reputable company with a long history of providing financial protection and security to its policyholders and annuity contract holders.