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New York Life. New York Life is one of the largest life insurance companies in the world, and it holds the highest (A++) rating from AM Best for its strong financial strength. It...
New York Life also sells term life insurance, universal life insurance, variable universal life insurance, long-term care insurance, annuities and disability insurance. The company operates New York Life Direct, selling direct-to-consumer policies, and is the exclusive life insurance partner of the AARP .
According to the New York Times, the sales of annuities surged 22% in 2022 to reach around $310 billion. As of the second quarter of 2023, the total retirement assets in annuities were around $2. ...
In 1965, Mutual Life became the first New York firm to enter the group variable-annuity field. By 1971, assets totaled nearly $4 billion and insurance in force was nearly $17 billion. In 1967, Hull was also elected chairman of the company.
Brighthouse Financial, Inc. is one of the largest providers of annuities and life insurance in the United States, with $219 billion in total assets and approximately 2.6 million insurance policies and annuity contracts in-force (as of March 31, 2018). [2]
Annuity contracts are protected against insurance company insolvency up to a specific dollar limit, often $100,000, but as high as $500,000 in New York , New Jersey , and the state of Washington . California is the only state that has a limit less than 100%; the limit is 80% up to $300,000. [7]
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