New York Life Insurance And Annuity Corporation

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 renamed itself New York Life Insurance Company in 1845 to concentrate on its life insurance business. The company offers a range of products including life insurance, annuities, long-term care, and asset management. It operates New York Life Direct, selling direct-to-consumer policies, and is the exclusive life insurance partner of the AARP. The company’s headquarters are located in the New York Life Building in New York, New York.