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Annuities and life insurance provide solutions for different life needs, though each are offered by insurance companies. Annuities provide a stream of income while you or your family are alive ...
New York Life's core product is whole life insurance, a type of life insurance offering lifelong protection that builds cash value over time. [22] [23] New York Life also sells term life insurance, universal life insurance, variable universal life insurance, long-term care insurance, annuities and disability insurance. [23]
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]
Genworth Financial, headquartered in Richmond, Virginia, provides life insurance, long-term care insurance, mortgage insurance, and annuities. [4]
Key takeaways An annuity can help you save for retirement and has favorable tax benefits. Experts caution that annuities can be complex and risky, and that they can have high commission fees and ...
He sold life insurance policies with a total face value of about $1.5-billion [4] for New York Life from 1942 to his death in 1993. He once held the world record for the most products sold (by value) by a salesman in a career, a year ($100,000,000), and in a single day ($20,000,000).