Life insurance is simply a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured’s death. In other words, a life insurance policy provides insurance coverage in the event of death of the insured or any other factor as signed by them. Over time, people have started widely accepting the need for insurance – including life insurance. As such, there has been a widespread availability of insurance providers within the United States and across the world in general.
There are numerous life insurance providers in the United States; however, not enough have widespread branches across the state. More-so, there are certain life insurance providers that are specific to one state or one geographical location. New York life insurance is certainly stable enough as a good number of insurance providers are available within the state and more would probably spring up. For those who are resident in New York and in need of good life insurance services, here are the top New York life insurance providers that you can sign up with today.
New York Life Insurance Company
There is no talking about New York Life Insurance without mentioning New York Life Insurance Company first. According to Wikipedia, New York Life Insurance Company (NYLIC) is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world. This company is, of course, headquartered in New York Life Building, New York City, New York United States. It ranks number 61 on the 2016 Fortune 500 list. Also, it has about $550 billion in total assets under management, and more than $21 billion in surplus and AVR.
Since its inception in 1845, where it was founded as the Nautilus Insurance Company also in New York City, they have provided life insurance for numerous individuals within and beyond New York. Generally, they provide insurance, investment and retirement solutions along with expert guidance to help you achieve lifelong financial well-being. They have thrived for over 170 years and have maintained the highest ratings currently awarded to any life insurer.
Metropolitan Life Insurance Company
Metropolitan Life Insurance Company is a New York life insurance company that provides life insurance, annuities, employee benefits, and asset management services in the United States. For nearly 150 years, MetLife has been insuring the lives of numerous individuals within and beyond the United States.
Around the world, the MetLife companies offer insurance, retirement and savings products. They provide flexible insurance options to protect individuals and families including life Insurance, Accident & Health Insurance, Disability Income Insurance, Credit Insurance, and Auto & Home Insurance. It operates through three segments: Retail; Group, Voluntary & Worksite Benefits; and Corporate Benefit Funding. Asides these, they offer retirement and Savings plans to help you reach your financial goals
Allianz Life Insurance Company of New York
Allianz Life Insurance Company of New York a life insurance company in the United States and the District of Columbia. They maintain high-quality investment portfolio and strong liquidity position to support contract holder obligations and the various business needs of individuals and companies alike. The company is also based in New York, New York.
The company operates in two segments, Individual Annuities and Other. They provide annuity, individual life, group and traditional life, group accident, and health policies, as well as reinsurance products. Allianz Life Insurance Company of New York is a subsidiary of Allianz Life Insurance Company of North America, Inc. They ensure that they provide tailor-made services to suit the exact needs of their clients and customers as required. They offer quality New York Life Insurance services.
AXA Equitable Life Insurance Company
Formerly known as The Equitable Life Assurance Society of the United States, AXA Equitable Life Insurance Company was founded by Henry Baldwin Hyde in 1859 to provide high quality New York life insurance services. Usually known as The Equitable, or simply AXA, in 2004, it officially changed its name to AXA Equitable Life Insurance Company. The company provides insurance and financial advisory, and investment management products and services in the United States. When it comes to insurance, they offer various life insurance products. They include: term life, universal life, and variable universal life insurance products.
AXA’s primary life insurance company, AXA Equitable Life Insurance Company, is among the largest life insurance and retirement savings companies in the United States, with nearly 2.5 million households nationwide. Their level of experience also rank high as they are a trusted name across the United States. More than 4,500 AXA Advisors financial professionals assist individuals, families and business owners in creating strategies that help them move forward on the road to financial security. They are one of the best New York life insurance companies today.
Guardian Life Insurance Company of America
Guardian Life Insurance Company of America is another one of the best New York Life insurance companies today. It was founded in Manhattan in 1860, and today it ranks 254th on the Fortune 500 list of largest corporations in the United States. Their core mandate is to be the trusted mutual partner of their clients and deliver financial security to them when they are required and how they want it.
Guardian Life Insurance Company of America offers a wide range of insurance products and services, including life insurance, disability income insurance, annuities, investments, dental, and vision amongst others. The company even employs approximately 8,000 employees in the United States and have a network of over 3,000 financial representatives in more than 70 agencies across the country! It is a private entity and is duly positioned in the financial services industry.
Asides the foregoing, there are other companies that offer New York Life insurance services close to you. A little research and you would find the best you can close to you. However, the above are some of the best even in the United States.