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New York Life Insurance Company (NYLIC) is the third-largest life insurance company and the largest mutual life insurance company in the United States, and is ranked #71 on the 2023 Fortune 500 list of the largest U.S. corporations by total revenue.
New York Life Investments offers investors access to institutional money management through its mutual funds, exchange-traded funds (ETFs), separately managed accounts, and non-traditional strategies. New York Life Investments has over $674 billion USD in assets under management. History
The New York Life Building is the headquarters of the New York Life Insurance Company at 51 Madison Avenue in the Rose Hill and NoMad neighborhoods of Manhattan in New York City. The building, designed by Cass Gilbert , abuts Madison Square Park and occupies an entire city block bounded by Madison Avenue, Park Avenue South, and 26th and 27th ...
Founded in Manhattan in 1860, the company offers a wide range of insurance products and services, including life insurance, disability income insurance, annuities, investments, and dental and vision insurance coverage.
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]
In December 1990, Equitable announced its decision to demutualize under New York's liberalizing laws. This was intended to enable the Equitable to increase and diversify its asset base. AXA acquisition. On July 18, 1991, AXA Group of France bought a $1 billion stake in Equitable Life Assurance Society, for a 49% stake in the business.
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