Term Life Insurance Term life insurance is the most basic kind of life insurance. It provides affordable protection for a
pre-defined period of time, so it is often used to serve temporary protection needs.
Permanent Life Insurance Permanent life insurance — including whole life insurance
and universal life insurance — is used when protection needs are more long term.
There are many kinds of permanent life insurance, each of which has unique features that make it appropriate for certain
situations.
The two main categories of permanent life insurance are fixed and variable. Fixed life insurance products
accumulate cash value at a pre-defined, guaranteed minimum interest rate or guaranteed cash value
while variable universal life insurance products are designed to provide an insurance benefit
under your policy, but do not guarantee a minimum rate of return. They will fluctuate up and down depending
on the performance of the applicable investment divisions.
Note: Increasing protection requires additional underwriting and there is a
required minimum premium necessary to sustain your policy.
Survivorship Life Insurance Survivorship life insurance is a life insurance policy that covers two individuals and
provides a life insurance benefit after the death of the last surviving insured. Survivorship policies can be
whole life, universal life, or variable universal life insurance.
Life Insurance Coverage For Businesses
If you are a business owner looking to provide life insurance coverage through a corporate sponsored plan, please visit our Corporate Sponsored Plans
section or our Worksite Life Insurance products.
NYLIAC Variable Universal Life Insurance is issued by New York Life Insurance and Annuity Corporation (a Delaware Corporation) and available through NYLIFE Securities LLC member FINRA and SIPC.
New Enhanced Whole Life Plans Enhanced features provide many ways to customize your plan to meet unique needs at different periods of your life.
Want An On-Line Quote? Sorry, Not At New York Life Click here to find out why we won't sell or offer quotes online. At New York Life we don't believe it's in your best interest for us to sell it to you that way.
Why Choose New York Life Products?
New York Life is #1 in life insurance sales and #1 in customer satisfaction in the U.S. New York Life's sales force is recognized as one of the best trained in the industry, which makes our agents among the most qualified for understanding and addressing each customer's individual needs...more
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