New York Life Insurance was founded in 1845 and with more than 100 years of business under their belt this company truly knows what they are doing. In fact, despite the recent economic down turn New York Life remains one of the strongest financial services in the industry. Proud to call themselves the largest mutual life insurance company, this company focuses heavily on traditional life insurance and annuity products distributed through a network of subsidiaries and distribution channels such as AARP.

Pros

Solid reputation

Well-established

Stable company

Above average customer service

Cons

Higher priced policies

Earning above average consumer satisfaction scores, more than half the current policyholders with New York Life Insurance have had their policy for more than 3 years. Better yet, when surveyed about their experience with the company over 75% of the existing policyholders would say they are extremely satisfied with the company. What’s more, is that over 80% of current New York Life Insurance policyholders plan to stay with the company.

There is a number of things that make New York Life one of the premier life insurance providers globally. First and foremost is their 24 hour claim service, which allows policyholders to connect with a claims representative regardless of the day, or time for which the need arises. Payments for polices can also be set up for automatic withdrawal from the policyholders paycheck so they don’t have to worry about missing a payment and having a laps in coverage. Payments can also be set up for auto draft from the policyholders bank account.

There is a number of other features that make this company attractive to potential customers. One such feature would be the waiver of premiums for qualifying low income members. Consumers also enjoy the multi-policy discount and multiple benefit options they offer. Get free, instant New York Life Insurance quotes now by filling in your zip code above.