New York Life Insurance

All About New York Life Insurance

On their Web site New York Life Insurance chairman and CEO, Sy Sternberg states: "The primary responsibility of a mutual insurance company is to ensure that the long-term benefits promised to its policyholders are secure and protected. By remaining a mutual, New York Life can continue to manage for the long term, instead of the quarter-to-quarter orientation of the investment community."

Since 1845 New York Life Insurance Company has been a financially strong contender in the world of insurance. Their consistent track record and proven investment techniques have provided for the protection of millions of American families. New York Life Insurance was the first life insurance company to pay cash dividends to its policyholder in the mid 1800s and since then they have continued to lead the way with a series of innovative products.

New York Life Insurance Company's agents are well-trained and professional and aim to understand the customer's specific needs. Their intimate understanding of New York Life's financial products means that products can be tailor made to suit your individual needs.

New York Life Insurance promises competitive lines backed by financial strength and stability combined with personal attention to detail. As a mutual company, New York Life Insurance is not publicly traded. Rather it is the policyholders who share the company's ownership. Since there are no shareholders to please, it is the long-term needs of the customer which has top priority.

New York Life Insurance relies on its considerable financial strength to ensure they are there when it's needed most. Around $144 billion in consolidated assets makes for a stable and diversified portfolio. They have been awarded the highest ratings for financial strength from independent rating agencies. Such ratings include A++ from A.M. Best, AA1 from Moody's, AA+ from Standard and Poor's and AAA from Fitch.

But that's not all. An important indicator of a company's financial strength is its 'surplus'. This is a company's net worth. New York Life Insurance maintains an admirable safety margin and makes sure that they can meet their demands even in tough times. A total surplus of $10.8 billion and a surplus-to-assets ratio of 8.2% (almost twice the average of the top 25 insurers) means this company can hold its own when you need them most.

But more than this New York life insurance is about humanity. The personal touch can make all the difference in times of trouble.