Life Insurance

There are many different types of Life Insurance, but they all fall into one of two categories: Term Life Insurance or Permanent Life Insurance.

Below is a listing of New York Life's different Term and Permanent life insurance policies. To figure out how much coverage you need and which type of policy is best for you, it is best to meet with an agent who understands all the options and can make recommendations for you.
Please call or email me for a free, no-obligation consultation.

Calculators

Term Life Insurance

Term life insurance is the most basic kind of life insurance. It provides affordable protection for a pre-defined period of time, so it is often used to serve temporary protection needs.

Term Life Insurance Products

Permanent Life Insurance
Permanent life insurance — including whole life insurance and universal life insurance — is used when protection needs are more long term. There are many kinds of permanent life insurance, each of which has unique features that make it appropriate for certain situations.

Whole Life Insurance Products

Universal Life Insurance Products
  • NYLIAC Protector®
  • NYLIAC Accumulator®
  • NYLIAC Asset Preserver®

    • The two main categories of permanent life insurance are fixed and variable. Fixed life insurance products accumulate cash value at a pre-defined, guaranteed minimum interest rate or guaranteed cash value while variable universal life insurance products are designed to provide an insurance benefit under your policy, but do not guarantee a minimum rate of return. They will fluctuate up and down depending on the performance of the applicable investment divisions.

    Variable Universal Life Insurance Products

    Survivorship Life Insurance
    Survivorship life insurance is a life insurance policy that covers two individuals and provides a life insurance benefit after the death of the last surviving insured. Survivorship policies can be whole life, universal life, or variable universal life insurance.

    Survivorship Life Insurance Products