Is New York Life a good insurance company?

UPDATED: Sep 19, 2011

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UPDATED: Sep 19, 2011Fact Checked

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Asked September 19, 2011

1 Answer


New York Life is the largest revenue earning company in the United States insurance business. The company has more than 7,500 dedicated employees, and reaches thousands of additional customers through partnerships with corporations such as AARP. The company has assets in excess of 265 billion dollars, and backed more than 2.85 billion dollars in insurance policies in 2006.

Financial Rating
New York Life has the highest rating possible with A.M. Best, an A++ rating. They have a similar rating with other financial ratings companies, including an A++ with standard & Poor's and an AAA rating with Fitch's. Financially, New York Life is one of the most stable companies you can purchase insurance from.

Customer Satisfaction
New York Life takes customer satisfaction seriously, and has one of the highest customer satisfaction ratings of any insurance company. Unlike other companies that suffer from a high number of unhappy online reviews, New York Life boasts a 78% customer satisfaction in online polls, indicating that they not only take care of their customers, but that their customers think enough of them to take the time to tell others.

New York Life Reviews

Company Availability
New York Life is available in all 50 states plus the nation's capital. No matter where you live or where you plan to move, if it is within the United States, New York Life will be able to meet your life insurance needs.

The Bottom Line
New York Life is a very large, very dependable company. They suffered little of the shock that rippled through the financial markets in the downturn of 2008, which means they were already at the top of the heap when the economy began to pick up again. For people who need insurance or those who are looking for a safe vehicle to invest in, New York Life is one of the best choices available in the field of insurance.

Answered September 19, 2011 by Anonymous

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