Business Details
Your Trusted Partner for Insurance and Financial Solutions
Founded in 1845, New York Life has built a legacy of trust and financial strength over 180 years. As the largest mutual insurer in the U.S., we prioritize policyholders over shareholders, ensuring decisions align with long-term stability and client needs. Our expertise spans life insurance, annuities, investments, and retirement solutions, backed by the highest financial strength ratings from all four major agencies. We combine personalized guidance from 12,000+ agents with innovative tools to help clients navigate lifes milestones. Our commitment to community impact includes $32.5 million in annual charitable donations and 175,000+ volunteer hours.With a diverse workforce reflecting the communities we serve, we deliver tailored strategies that evolve alongside clients changing needs. Our history of paying dividends for 171 consecutive years underscores our dedication to fulfilling promises. From estate planning to small business solutions, we empower individuals and organizations to secure their futures. Our corporate responsibility initiatives and partnerships amplify our mission to create lasting positive change. This enduring focus on trust, expertise, and client-centric service defines our role as a leader in the financial services industry.
Services
Life Insurance
Annuities
Investments
Retirement Planning
Wealth Management
Estate Planning
Small Business Insurance
529 College Savings
Long-Term Care Insurance
Disability Insurance
Highlights and features
- We have 180+ years of proven experience in financial services
- Our mutual structure prioritizes policyholder interests over shareholders
- We maintain the highest financial strength ratings from all four major agencies
- Our 12,000+ agents provide personalized, local financial guidance
- We combine industry expertise with innovative digital tools and calculators
Associations and certifications
- A.M. Best (A++)
- Fitch (AAA)
- Moody's (Aa1)
- Standard & Poor's (AA+)
Services
Life Insurance
We offer comprehensive life insurance solutions including term, whole, universal, and variable universal policies. Our customizable options provide financial protection for families and businesses while offering cash value growth potential. With flexible terms and conversion options, our policies adapt to evolving life circumstances while maintaining guaranteed death benefits.
Annuities
Our annuity products provide stable income streams for retirement planning. Options include immediate income annuities for current payouts and deferred income annuities for future financial security. Backed by our financial strength, these solutions help clients manage longevity risk while offering market-linked growth potential through variable options.
Wealth Management
We deliver personalized wealth management strategies combining investment expertise with comprehensive financial planning. Our services include portfolio management, tax-efficient strategies, and legacy planning. With access to MainStay Mutual Funds and institutional-quality solutions, we help clients grow and preserve wealth across market cycles.
Estate Planning
Our estate planning services help clients protect and transfer wealth efficiently. We offer specialized life insurance products, trust solutions, and charitable giving strategies. Our advisors work with legal and tax professionals to create customized plans that minimize tax liabilities while fulfilling clients' legacy goals.
Small Business Insurance
We provide tailored insurance solutions for small businesses including key person insurance, executive benefits, and business succession planning. Our products help protect business assets, attract talent, and ensure continuity during ownership transitions. We offer flexible options that adapt to growing business needs.
People
Craig A. Milkovich
Chief Executive Officer
Craig Milkovich leads New York Life with over 30 years of insurance and financial services experience. He focuses on strategic growth, digital innovation, and maintaining the company's mutual mission. His leadership emphasizes long-term value creation for policyholders.
Kathleen A. McCarthy
Chief Financial Officer
Kathleen McCarthy oversees financial strategy and risk management at New York Life. With extensive actuarial and financial planning expertise, she ensures the company's continued financial strength and responsible capital management while maintaining top industry ratings.
Questions
What types of life insurance do you offer?
We provide term life, whole life, universal life, and variable universal life insurance policies with flexible coverage options and cash value growth potential.
How can I find a local agent?
Use our online agent directory to search by zip code, expertise, or language. We have 12,000+ agents nationwide ready to provide personalized guidance.
Are annuities a safe investment option?
Our annuities are backed by our financial strength and offer guaranteed income options. We provide various risk/return profiles to match different retirement goals and risk tolerances.
What makes you different from other insurers?
As a mutual company since 1845, we focus solely on policyholder needs. Our financial strength, personalized service, and community commitment distinguish us in the industry.
How do you support small businesses?
We offer specialized insurance solutions for small businesses including key person coverage, executive benefits, and succession planning tools tailored to business owners' needs.
What financial strength ratings do you hold?
We maintain the highest ratings from all four major agencies: A.M. Best (A++), Fitch (AAA), Moody's (Aa1), and Standard & Poor's (AA+).
