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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, annuities and disability insurance.
US$674 billion (March 31, 2023) Parent. New York Life Insurance Company. Website. www .newyorklifeinvestments .com. New York Life Investments is a U.S. investment management company based in Jersey City, New Jersey. New York Life Investments is a service mark and trade name of New York Life Investment Management LLC. [1]
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]
Fixed Annuities: These offer a guaranteed payout rate, established at the time of purchase, unaffected by market fluctuations. They are a secure option for individuals seeking stability.
A life annuity is a contract with a life insurance company that pays out while the purchaser is alive. These policies provide income to fund or supplement one's retirement. Many types of life ...
The company provides services in all states except for New York, where annuities and life insurance products are offered by Allianz Life Insurance Company of New York. [1] Allianz Life offers various products, including fixed and variable annuities and life insurance.
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