*Please note, we’re not affiliated with New York Life Insurance Company. This is simple a review.
Instead of just shopping by price, consumers should also consider the history, service, and financial stability of different no exam life insurance companies. This New York Life Insurance review is intended to give a quick overview of this company to provide some of this information about one of the oldest insurance companies in the United States.
This company, NYLIC on the stock exchange, is the largest U.S. life insurance company and one of the biggest ones in the entire world. It was founded as the Nautilus Insurance Company in New York City in 1845, but it was renamed to its current name in 1849. Because the company is so old, there are some interesting stories about its place in American history, but these stories aren’t really within the scope of a New York Life Insurance review.
The New York Life Insurance Review
On the insurer’s website, they announce having paid beneficiaries over $18 million yesterday and over $123 million in the first few weeks of the year. For consumers who have concerns about an insurer’s ability to pay the bills, any New York Life Insurance review should offer peace of mind. Also, four distinct financial rating organizations gave this company their highest marks for financial stability, and these rating services include A.M. Best, Fitch, Standard & Poor’s, and Moody’s.
Affordable Life Insurance Products from New York Life
The companies offers all of these products and many unique riders (options):
While any New York Life Insurance review is bound to be mostly positive because of the company’s history and financial strength, it is important to mention that they are very conservative. Some more innovative companies offer more online tools and mobile apps, and this is important to younger consumers.
Does New York Life Sell Cheap Life Insurance?
While NY Life is not thought of as a cheap life insurance company, it offers a vast range of products. Typically, prices should be very competitive. In general, consumers who want cheap life insurance should explore term life. Permanent policies, like whole or universal life, are generally more expensive no matter which insurance company they come from.
Compare New York Life Insurance Quotes Online
The best way to find no exam life insurance is to compare quotes. We have an instant online quote system that makes it very easy to shop for this important financial product from almost anywhere. Compare prices and plans at any time. Consumers can also find contact details to ask questions, and many even take advantage of the fact that they can begin the application process right from their personal computers.