New York Life Insurance Company was founded in New York in 1845. The company has grown to become the third largest international insurance group in the world. It is also the number one rated insurance company among seniors because of affordable and flexible policies.
New York Life offers a wide range of products such as term life insurance, whole life insurance, long-term care insurance, annuities, mutual funds, and group membership. New York Life products have always maintained the highest rating and history-making strength.
The first New York Life office was opened in Manhattan’s financial district in 1841. It was a company of many firsts including:
- The first company to sell insurance policies to both men and women at the same price
- The first company to offer insurance products for people in hazardous occupations
- The first company to offer insurance products for people with disabilities
The company moved its headquarters in 1929 to the New York Life Building. It survived The Great Depression and continued to diversify.
The company has a motto: “Do right by you.” It means that the company promises to offer a diverse set of insurance products that are guaranteed for 120 years. In fact, New York Life has life insurance policies and products for nearly everyone.
The company also has a record of strong dividends and some of the highest payout dividends ever. In all of the company’s 173 years, 2017 was New York Life’s record-setting year.
New York Life also has some of the highest consumer ratings of all insurance companies. Clients say they are very satisfied with the company’s customer service, affordability, and billing.
New York Life is also known for its charitable arm. The company has given to a number of childhood bereavement programs. They have also given endowments to various cultural communities.