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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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A: Once your claim is approved, we process payments immediately. It takes about seven days for direct deposits to show up in your bank account or 7 10 business days to receive a check in the mail.
You can choose from either a traditional or a IRA.
Find the right life insurance policy for your needs. Learn which type of life insurance is right for you. New York Life is here to protect your family, now and in the future.
1-800-225-5695 If you have specific questions about your policy, claim, or application-our customer service experts are happy to help.
One of the many benefits of being a New York Life Whole Life policy owner is the loan feature, which is a guaranteed option. You can borrow up to the maximum loan value from your policys cash value, generally on a tax-free basis. You are entitled to access this feature without any applications or credit approval.
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People also ask

You can partially withdraw money from unit-linked life insurance policies, but this will automatically decrease the sum assured for two years from the date of withdrawal. The sum assured is restored to the original level after two years provided no further partial withdrawal is made during those two years.
Over the companys 177 year history, New York Life has established itself as a reputable life insurance provider, with a top-notch financial stability rating from AM Best and solid indicators of customer satisfaction from other third-party sources.
The part of the premium that gets invested, gets divided into units, each with a specified value. In case of any emergencies, ULIPs allow you to redeem some of those units and withdraw money equivalent to those units.
If you need to cancel your New York Life Insurance Policy, you can do so by contacting customer service at 800-225-5695.
Declaring a dividend for the 169th consecutive year underscores the companys commitment to financial strength, mutuality, and delivering ongoing value to policy owners. New York Life has paid in excess of $1 billion in dividends every year since 1990 and more than $46 billion in total dividend payouts over that time.

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