Products

Life Insurance

Life insurance is an effective way to help protect your family's lifestyle and future. Plus the cash value in a whole life insurance policy can be accessed via policy loans and withdrawals1 can be used to help you supplement your retirement income. This cash value can also be accessed and used for other major life events and can play an important part in estate, business succession, or charitable giving plans.

Whole Life

Whole Life insurance is also known as permanent insurance. You receive coverage for your entire life, as long as premiums (which are a set amount per period) are paid. Whole life policies accumulate cash value tax-deferred.

Term Life

Term Life policies provide coverage for a specific amount of time – such as 10 years or 20 years. Term premiums are often less expensive than whole life premiums, but once the term of the policy is complete, coverage terminates. There is no accumulation of cash value.

Universal Life

Like Whole Life, Universal Life is a permanent insurance policy, which means that it covers you for your entire life, as long as premiums are paid. Universal life, however, offers you flexibility that enables you to change your premiums and death benefit as your needs change.

Survivorship Life

Survivorship life insurance – available as whole life, universal life or variable universal life – covers two people and provides payment of the proceeds when the second insured individual dies. Survivorship life insurance is often used to help meet estate planning or business continuation goals.

*The policy will terminate if at any time the cash surrender value is insufficient to pay the monthly deductions. This can happen due to insufficient premium payments. If loans or withdrawals are made, or if current interest rates or changes fluctuate.

1Loans against your policy accrue interest and decrease the death benefit and cash value by the amount of the outstanding loan and interest.

Annuities

An annuity is a unique financial vehicle designed to help you accumulate money for your retirement and/or turn a lump-sum of money into a guaranteed stream of income payments. Deferred annuities offer the advantage of tax-deferral and can be used to accumulate money for retirement. Income annuities are used to generate a stream of income payments that is guaranteed to last for as long as you need it to – even for the rest of your life1. Some of the different types of annuities are:

Fixed Interest Deferred Annuities2

With a Fixed Interest Deferred Annuity, the interest rate on your policy is guaranteed1 never to fall below a certain amount (subject to the claims paying ability of the issuing company). For many people, this provides a measure of security about their investment.

Lifetime Income Annuities2

An income annuity where income payments begin immediately - one period after the annuity is purchased. It is designed to provide you with predictable income monthly, quarterly, semi-annually or annually, no matter how long you live, and regardless of how the financial markets perform.

1Guarantees are backed by the claims paying ability of the issuer.
2New York Life Annuities are Issued by New York Life Insurance Company and New York Life Insurance Company and Annuity Corporation.

Long-Term Care Insurance

Going through life may require a little help along the way. So if you're planning ahead, long-term care insurance may help protect you or a family member's future plans and help preserve the assets you've worked so hard to build.

Retirement Income

Preparing for retirement is easier with the help of our guaranteed lifetime income annuity products1. You can select an immediate annuity2 that pays income right away, or a tax-deferred fixed annuity2 that allows you to set aside money until you need it. Either way, you will be assured a steady, dependable source of income for life.

1New York Life Guaranteed Lifetime Income Annuity is issued by New York Life Insurance and Annuity Corporation, a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. Guarantees are backed by the claims paying ability of the issuer. Product available in jurisdictions where approved. For most jurisdictions, the policy form number for the New York Life Guaranteed Lifetime Income Annuity is ICC11-P102 (it may be 211-P102). State variations may apply.
2New York Life Annuities are Issued by New York Life Insurance Company and New York Life Insurance Company and Annuity Corporation.

Investments1

We offer comprehensive products and services to help you develop a sound, long-term investment strategy. You can choose from over 10,000 mutual funds, including self-directed, tax-deferred Individual Retirement Accounts (IRAs). We also offer products to fund plans for companies of all sizes, ranging from SIMPLE IRAs to full-service defined contribution and defined benefit plans.

1Securities only offered through properly licensed Registered Representatives of NYLIFE Securities LLC, member FINRA/SIPC, A Licensed Insurance Agency.

Other Products

We have established relationships with other carriers, and can supply you with information on disability income insurance as well as individual and group health insurance products1. If we don't offer it, chances are we can assist you.

1Products available through one or more carriers not affiliated with New York Life Insurance Company; dependent on carrier authorization and product availability in your state or locality.
 

Neither New York Life Insurance Company nor its agents or affiliates provide tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional before making any decisions.