New York Life Group Insurance Company Of Ny

New York Life Insurance Company (NYLIC) is the third-largest life insurance company and the largest mutual life insurance company in the United States. It is ranked #71 on the 2023 Fortune 500 list of the largest U.S. corporations by total revenue. In 2019, NYLIC achieved the best possible ratings by the four independent rating companies (Standard & Poor’s, AM Best, Moody’s, and Fitch Ratings). The company first opened in Manhattan’s Financial District as Nautilus Mutual Life in 1841, 10 years after the first life insurance charter was granted in the United States. It was originally chartered in 1841 and also sold fire and marine insurance. The company renamed itself New York Life Insurance Company in 1845 to concentrate on its life insurance business. New York Life’s core product is whole life insurance, a type of life insurance offering lifelong protection that builds cash value over time. New York Life also sells term life insurance, universal life insurance, variable universal life insurance, long-term care insurance, annuities, and disability insurance. The company operates New York Life Direct, selling direct-to-consumer policies, and is the exclusive life insurance partner of the AARP.

Company Details
Founded 1841
Phone 212-576-7000
Address 51 Madison Avenue
New York, NY 10010
States Licenses AL,DC,MO,NY,PA,TN
Insurance Types Annuity, Health, Life
A.M. Best A++ from A.M. Best
BBB Rating