INSURANCE Many types of insurance to cover a range of needs

The right insurance for you depends on your personal situation, your current budget, and your goals for the future. We have many different insurance options that we can customize to you—which is why we match every potential client with an experienced agent. When you’re ready to get answers to your questions or talk about your options, it’s simple to connect with us.

Insurance can play an important role in your financial security at any stage of life. Generally, the earlier you start planning, the lower your payments (premiums) may be. Connect with an agent when you’re ready and we can answer your questions about timing, costs, or anything else related to insurance. 

The first thing to do is connect with an agent from New York Life. (You can choose an individual to work with or we can match you with someone in your area.) Then you schedule a time for an initial chat that will help your agent get to know you, your needs and your goals. After that, we can evaluate possible solutions and provide guidance that lasts for life.

It depends on the type of insurance. A life insurance policy provides loved ones (beneficiaries) with a cash payout, called a death benefit, if the insured person dies while the policy is still active. Certain types of life insurance can also build cash value that you can use during your lifetime. Long-term care insurance can reimburse you for the costs of long-term care to help with everyday activities, such as getting out of bed or bathing, and help protect your nest egg in the process. Individual disability insurance helps to replace some lost income if sickness or injury leaves you unable to work.

It can be a nice benefit to have insurance that’s offered through (and possibly funded by) your workplace. The downside is that your coverage ends if you leave your job. You may also have fewer coverage options from which to choose. When you buy individual insurance (either to replace employer-sponsored life insurance or in addition to it) you hold onto that policy for as long as you continue making payments.