York Life - Life Insurance
New York Life
Company of Firsts Celebrating 150 Years of Strength and Innovation
a leader in the financial services industry means not resting
on one's laurels, but continually striving for improvement.
New York Life has a history notable for consistent financial
strength as well as dynamic innovation. For a century and
a half, New York Life's first priority has been their policyowners'
financial well-being. To keep pace with policyowners' needs,
the Company has launched new products, enhanced product features,
expanded quality service, and pioneered new technologies.
Breaking new ground is part of the New York Life tradition.
That's what makes them "A Company of Firsts."
New York Life's Focus on Quality Service
provide the highest possible level of service to their expanding
customer base, the New York Life established an integrated
network of General Offices across the country. Today, these
"G.O.s" serve nearly 11,000 agents. New York Life believe
this highly trained team of dedicated professionals is their
most valuable asset. Their agents have been honored by the
industry for outstanding service to their clients, and New
York Life has consistently led the industry in membership
in the Million Dollar Round Table, an organization devoted
to promoting exemplary ethical standards of the insurance
New York Life Insurance Products
people think that life insurance is only for those with families.
While it is true that life insurance can help provide for
the needs of dependents when you pass away, it's also important
for someone starting out - or for someone who's starting over.
Life insurance from New York Life is just such a feature-rich
and customizable insurance plan. It provides an income tax-free
death benefit that can protect the financial security of your
family in the event of an untimely death. It offers tax-deferred
cash values that, as they accumulate, can be used to help
purchase a home, help pay for a child's education, or supplement
retirement income. Of course, you can also allow cash values
to grow to help meet an unexpected emergency or seize an unanticipated
But what's most important about New York Life's Whole Life
insurance is its versatility. Like an umbrella, it can help
buffer you and your family from life's storms. But, unlike
an umbrella, Whole Life can expand to provide greater protection
and cash value as your needs increase. Various policy options
allow you to purchase additional coverage over and above what
the premium buys, thus simultaneously building cash value
and death benefit; boost your coverage with term insurance;
convert that term insurance at alater date into permanent
Whole Life insurance; add family members to your policy; or
even guarantee that premiums will continue to be paid should
you become disabled.
Term Insurance Right for You? Most people have great plans
for themselves and their family and, quite often, those plans
require a good deal of funds. Whether it's sending children
to college, purchasing a new home, or starting a business,
adequate financial resources are essential. Your income is
the engine that powers these dreams, helping to turn them
into reality, but what if you were to die? How would this
affect your family's future plans?
generations, life insurance has proven to be one of the most
cost effective ways to safeguard a family's dreams. You can
never be replaced but, with life insurance, your family could
probably handle the financial pressure that comes with the
loss of income due to premature death. The proceeds of life
insurance generally pass to your beneficiaries free from federal
income tax and can be used to help preserve your family's
standard of living, cover outstanding debts, and keep their
dreams alive. For many years, term life insurance has proven
to be an effective means of providing protection for those
who need coverage for a limited period of time.
life provides permanent life insurance protection and access
to cash values that grow tax-deferred at competitive interest
rates. Universal life (Target Life) policies are issued by
New York Life Insurance and Annuity Corporation (A Delaware
Corporation), which is a wholly-owned subsidiary of New York
Life Insurance Company.
Universal life gives you the flexibility to choose the amount
of protection that best suits your family or business. It
allows you to increase or decrease coverage as insurance needs
change. Increased coverage may be subject to underwriting
requirements. You may not decrease yourcoverage below the
required minimum. A decrease may result in a surrender charge
being applied against the policy's cash value.
With universal life, you control the amount and frequency
of payments. Looking towards the future? You have the option
to increase the premium or make lump sum contributions, subject
to limits as specified in the policy. The extra dollars grow
tax-deferred, and may increase the cash and death benefit
values. On the other hand, in a temporary cash crunch, you
can pay less than the scheduled premium and let the policy's
accumulated cash value pay the remainder of the monthly charges.
Universal life can be customized with innovative policy features
to fit your lifestyle. Contact a New York Life representative
to learn more about how universal life policy riders can protect
your spouse and children, protect your ability to pay premiums
during disability, and increase the benefit to your family
if you should die accidentally.