About New York Life

Company History

It all began on April 12, 1845 when the foundation was laid for a new enterprise that would come to be known as the New York Life Insurance Company, Elected Secretary Lewis Benton purchased the first policy for $5,000. So began a legacy of security and a commitment to keeping promises reflected still today in our core values.

That passion and commitment to protection have continued unabated for nearly two centuries. New York Life has been successfully navigating the unexpected for 175 years. From the yellow fever epidemics of the 19th century to the great pandemic of 1918, two world wars, the Great Depression, 9/11, the Financial Crisis of 2008-09,  we’ve steered our customers through some of the toughest times in history – and we’re well-positioned to do so again.

Join us as we commemorate 175 years of integrity, mutuality, humanity and financial strength, and as we look toward a bright future built on those same values. And if you happen to meet with your agent, tell him or her happy anniversary as well. After all, it's their dedication and exceptional service that sets us apart from the rest.

Company Strength

An insurance policy is only as good as the company behind it. To help consumers make intelligent decisions, independent services rate insurers. While the rating services use the same criteria to make their judgments, each focuses on a separate aspect of a company. New York Life Insurance Company and its subsidiary, New York Life Insurance and Annuity Corporation have received the highest ratings currently awarded to any U.S. life insurer by all four major ratings agencies as indicated below.

Moody's: Aaa for financial strength
A.M. Best: A++ for financial strength
 
Standard & Poor's: AA+ for financial strength
Fitch: AAA for financial strength

Source: Individual Third party rating reports as of 9/12/2019

Company Mission

Our mission is to provide financial security and peace of mind through our insurance, annuity and investment products and services. By continuing to be a mutual company, we are uniquely aligned with our customers. By maintaining superior financial strength, we protect their future. By acting with integrity and humanity, we can earn their trust and loyalty. Every decision we make, every action we take has one overriding purpose: To be here when our customers need us.

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