Company Overview of New York Life Insurance Co.
New York Life Insurance Company, a mutual life insurance company, together with its subsidiaries, provides a range of insurance and investment products and services. The company offers life and health insurance, long-term care, annuities, pension products, mutual funds, and other investments and investment advisory services. It also provides life insurance, and fixed immediate and deferred annuities to members of AARP; and underwrites group life and disability programs for professional and affinity organizations. In addition, the company offers securities brokerage, financial planning and investment advisory services, trust services, and capital financing services. New York Life Insurance Co...
51 Madison Avenue
New York, NY 10010
Founded in 1845
Key Executives for New York Life Insurance Co.
Chairman and Chief Executive Officer
Vice Chairman, President, Chief Investment Officer, Director and Member of Executive Management Committee
Chief Financial Officer and Executive Vice President
Chief Executive Officer of Institutional Capital LLC and Chief Investment Officer of Institutional Capital LLC
Senior Managing Director of Investments Group and Chief Executive Officer of New York Life Investment Management
Compensation as of Fiscal Year 2015.
New York Life Insurance Co. Key Developments
New York Life to Offer Long-Term Care Options to AARP's 37 Million Members
Oct 5 15
New York Life has reached an agreement with AARP to exclusively offer long-term care solutions to AARP's 37 million members. Now, the AARP members can get easy protection against the cost of long-term care, while ensuring that they receive personalized guidance before making a purchase. According to the terms of the deal, AARP members who respond to the new marketing effort will be referred to a specially-trained, licensed New York Life agent who can help them develop a tailored coverage plan. New York Life will provide a package of solutions under "AARP Long-Term Care Options", which will include long-term care insurance, a permanent life insurance product with long-term care features, and whole life insurance with a chronic care rider. NYL Direct, a division of New York Life based in Florida, will manage the new program, which is expected to launch in the first quarter of 2016.
New York Life Insurance Company Launches New Product
Sep 11 15
New York Life Insurance Company announced it has launched a new income annuity, Mutual Income, designed to offer clients the opportunity to directly participate in the company’s mutual structure. The company announced Mutual Income works much like a traditional income annuity, where income can begin immediately or be deferred until a future start date of the client’s choosing. As with other income annuities, a client invests a lump sum with an insurer, and receives an income stream that’s guaranteed for life. But unlike traditional income annuities, the total income amount is not capped at the guarantee. As policy owners, New York Life’s Mutual Income clients will also be eligible for annual dividends that can be used to increase their retirement income beyond the guaranteed amount.
New York Life Insurance Company Reports Sales Results for the First Half of 2015
Aug 3 15
New York Life Insurance Company reported sales results for the first half of 2015. For the period, the company reported individual recurring premium life insurance sales through agents are up 13% compared to the first half of 2014.
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