New York Life Life Insurance Ratings

New York Life
   Effective Date: November 20, 2015

New York Life is one of the top 10 largest life insurers in the United States, according to LIMRA. Among New York Life customers we surveyed, 31 percent say they chose the company because of its reputation and 30 percent chose it based on price.


Customer Satisfaction Ratings

(152 reviews)

For Price
% Who Would
Recommend to
a Friend
% Who Plan
to Renew

A++    November 20, 2015

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Reason for buying from New York Life
Customers of New York Life originally decided to purchase from the company for these reasons:
31%The insurer's reputation.
30%The insurer offered the best price.
16%The insurer was recommended by a friend.
11%Was the company their parents had.
8%Saw a commercial.
4%Other reason.
0%Had other insurance with this company.
Would you recommend this company?
  • already have
  • yes
  • not sure
  • probably not
  • no
  • 30%
  • 51%
  • 17%
  • 2%
  • 0%

About New York Life

New York Life Insurance scored 4.5 in customer service and 4 stars for pricing in our best life insurance companies survey. New York Life is one of the top 10 largest life insurers in the United States, according to LIMRA. Over a quarter of the surveyed customers, 31 percent said they chose New York Life due to its reputation and 30 percent due to its good rates. A majority of customers, 81 percent, would recommend New York Life to a friend.

Founded in 1845, New York Life is the oldest mutual life insurance company in America. It is present in all 50 states and is headquartered in New York. In 2010, it sold more new individual life insurance policies than any other state, according to the company website.

New York Life sells several types of life insurance, including:

  • Whole life
  • Term life
  • Universal life
  • Variable universal life
  • Long-term care insurance

The company also offers several other products, including:

  • Retirement services. New York Life sells deferred variable annuities and fixed annuities, fixed immediate annuities and mutual funds.
  • Investments. New York Life offers a variety of investment products and services for both retail and institutional investors.
  • Insurance for businesses. New York Life offers corporate life insurance and bank-owned life insurance.

Consumers who visit the company website will find a variety of calculators and worksheets that can help them determine the appropriate level of coverage for their needs.

This section has been provided by New York Life.

Contact New York Life Insurance Company at:

New York Life
51 Madison Avenue, Suite 3200
New York, NY 10010
Telephone: (800) 710-7945

Sources: "Life Insurance Choices," New York Life web site; "New York Life Insurance Company,” Wikipedia, May 2009