Life Insurance
Find the right life insurance policy for your needs.
Learn which type of life insurance is right for you.?New York Life is here to protect your family, now and in the future.
When you start thinking about life insurance, odds are that you're thinking about protecting your family, both now and in the future. And that's a great place to start. But life insurance can do so much more. While everyone can benefit from life insurance, you may want to consider one type more than another, depending on where you are at this point in your life.
We're here to help you figure that out. Our personal guidance, flexible options, convenient ways to pay, and history of financial strength make us the company to turn to when you're ready to start thinking about life insurance.
Choose a life insurance policy that meets your needs.
Term Life Insurance
Protection for your short-term needs with a pathway for permanent coverage.
If you're looking for a simple entry into life insurance, this is the best way to go. Term life is exactly what it sounds like: protection for a set period. It's solid coverage, and you can convert your coverage to a more permanent solution if your life changes.
Whole Life Insurance
Lifetime protection that also builds cash value.
If you're looking for a policy that's guaranteed to grow and is designed to offer permanent lifetime protection this is it. Your policy also provides cash value, which is money that accumulates in your policy over time. Eligible policy owners may also receive an annual dividend, which can help grow the cash value even faster. (Dividends are not guaranteed, but New York Life has paid dividends to eligible policy owners every year since 1854.) Whole life is also something to consider if you'd like the flexibility to supplement your retirement income by accessing the cash value of your life insurance policy.*
Universal Life Insurance
Long-term protection with flexibility.
If you need long-term protection but aren’t as concerned about cash value growth, universal life insurance is a smart way to go. It's a long-term solution that gives you the ability to adjust your premiums and benefits when your needs change.
Variable Universal Life Insurance
Lifetime protection with market-based growth potential.
If you'd like to leverage market opportunities, you can do so with a variable universal life policy. You'll get long-term protection and investment options that may grow your cash value over time.
The guarantees of a whole life policy are based on the claims-paying ability of the issuer.
*Accessing the cash value will reduce the total cash value and the total death benefit.