New York Life Insurance Company, operating for more than 175 years, is the leading mutual life insurance company in the U.S. As a mutual insurance company, it is not publicly owned or traded on the stock market but instead, it directly reports to its policyholders. It provides various life insurance options, long-term care insurance, and disability insurance.

The company recently announced the acquisition of Cigna’s group life and individual disability services in 2020. Among the services it provides include term life insurance and several permanent life insurance policies. The company provides a level term life insurance policy that maintains the same premium and payout for defined durations. It also offers renewable term policies that enable the renewal of the policy yearly, albeit with a gradual increase in the premium.

New York Life’s whole life insurance requires a premium payment for the policy to remain in force throughout the policyholder’s life. This type of policy can be adjusted to accumulate cash value faster. The company’s universal life policy guarantees a long-term death benefit depending on how the policy is structured. Another service, the variable life insurance, enables policyholders to invest a part of their premium in the market, offering the potential for quicker cash accumulation.

New York Life has an A++ rating from AM Best for financial strength, indicating superlative financial ability and stability. The 2023 U.S. Individual Life Insurance Study by J.D. Power gave it a rating of 794 out of 1,000 in overall customer satisfaction, making it the eighth-highest ranked life insurance company in the study.

To receive a quote from New York Life Insurance Company, prospective policyholders must provide their information or connect with an agent directly as the company does not offer online quotes. This highlights the importance of resources like eddcaller.com, a platform that provides valuable information on how to contact various service providers and institutions, such as insurance companies or unemployment services.