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New York Lifes 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.
New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies. 1 Based on revenue as reported by Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual), Fortune magazine, 6/4/2024.
Group supplemental health benefits from New York Life can help fill the void by giving members a flexible way to help pay for health-related servicesor other daily living coststhat might not be covered by their workplace plan.
New York Life Insurance Co. reached a $19 million settlement in a lawsuit that alleged self-dealing by plan executives in the management of two of its 401(k) plans. The lawsuit, filed in 2021 by Stuart Krohnengold, a participant in the New York Life Insurance Co.
Life insurance is an agreement between you (the policy owner) and an insurer. Under the terms of a life insurance policy, the insurer promises to pay a certain sum to a person you choose (your beneficiary) upon your death, in exchange for your premium payments.
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Basic Life Insurance coverage is provided at no cost to members. Dependents are not eligible to receive this benefit. Active employees under age 65 are covered for 1 times (1X) annual salary, subject to a coverage amount minimum of $15,000 and maximum of $50,000.
Your members are looking for a balanced lifestyle and financial well-being. Our suite of life, disability, and supplemental health products can help you bring them added security to fit their needs.

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