New York Life Insurance Company

New York Life Insurance Company

TypePrivate. Mutual
IndustryInsurance: life and annuity
Founded1845
HeadquartersNew York Life Building, New York, New York, U.S.
ProductsLife insurance, annuities, long-term care, asset management
Websitenewyorklife.com
  • A mutual insurance company, New York Life is owned by its policyholders and has no outside shareholders.
  • As a mutual, New York Life distributes a portion of its earnings to eligible policyholders as annual dividends.
  • New York Life's core product is whole life insurance, a type of life insurance offering lifelong protection that builds cash value over time.
  • New York Life also sells term life insurance, universal life insurance, variable universal life insurance, long-term care insurance and annuities.
  • The company operates New York Life Direct, selling direct-to-consumer policies, and is the exclusive life insurance partner of the AARP.
  • Through Seguros Monterrey New York Life, the company offers insurance in Mexico.
  • Asset management businesses
    • New York Life Investments is a subsidiary global asset management business which serves both institutional and retail clients

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