New york life insurance company

New York Life Insurance Company is a mutual insurance company based in New York City, founded in 1845. It is one of the largest mutual life insurance companies in the United States, with over $500 billion in assets under management.

Here are some key facts about New York Life Insurance Company:

History: New York Life was founded in 1845 by a group of 21 businessmen who wanted to provide life insurance to the working class. The company has been in continuous operation for over 175 years.

Products and Services: New York Life offers a range of life insurance products, including term life, whole life, universal life, and variable universal life insurance. They also offer annuities, long-term care insurance, and disability income insurance.

Financial Strength: New York Life has consistently received high ratings from major rating agencies, including A.M. Best (A++), Moody's (Aaa), and Standard & Poor's (AA+). This reflects the company's strong financial position and ability to pay claims.

Assets and Capital: New York Life has over $500 billion in assets under management, making it one of the largest life insurance companies in the world. The company has a strong capital position, with a surplus of over $25 billion.

Agents and Distribution: New York Life has a large network of agents and financial professionals who sell its products. The company also has a significant presence in the employee benefits market, offering group life insurance and other benefits to employers.

Community Involvement: New York Life is committed to giving back to the community, with a focus on education, youth development, and community development. The company has a strong philanthropic program, with a focus on supporting non-profit organizations and initiatives that align with its values.

Awards and Recognition: New York Life has received numerous awards and recognition for its products, services, and community involvement. The company has been named one of the "World's Most Admired Companies" by Fortune magazine and one of the "Best Places to Work" by the Human Rights Campaign.

Notable Milestones:

Overall, New York Life Insurance Company is a well-established and reputable insurance company with a long history of providing financial protection and security to its customers.