Is New York Life a good insurance company?

UPDATED: Sep 19, 2011

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Sep 19, 2011Fact Checked

Free Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

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

Free Insurance Comparison

Compare quotes from the top insurance companies and save!

secured lock Secured with SHA-256 Encryption