New York Life is a mutual life insurance company that provides a wide variety of insurance and investment products and services. It is owned entirely by its policyholders rather than outside shareholders and has distributed annual dividends every year since 1854.
About New York Life
Based in New York with offices nationwide, New York Life was founded in 1845. With an operating income of over $2 billion dollars, it is the third-largest life insurance company in the United States overall. New York Life also serves institutional and retail clients worldwide through independent investment companies.
New York Life Products and Services
New York Life’s core business is whole life insurance. Other insurance products include universal life, variable universal life, term life, and long-term care insurance. Premier services and investments include annuities, mutual funds, ETFs, wealth management and estate planning.
Ratings and Charitable Contributions
In 2018, New York Life ranked number 69 on the Fortune 500 and was named, “Most Admired Companies,” in the life insurance industry group.
The New York Life Foundation has generously funded the Colin Powell Center for Policy Studies as well as other endowments to the African-American community.