Keyword: new york life insurance
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New York Life Insurance: The Most Popular Insurance Company
In the United States the New York Life Insurance Company is the largest mutual life-insurance company. It is one of the largest life insurance companies in the world. Besides insurance, the company provides other securities products and services as well as mutual funds.
Types
There are several types of Life Insurance policies offered by New York Life Insurance. These include Corporate sponsored Plans, Single Premium Life Insurance, Survivorship Life Insurance, Term Life Insurance, Universal Life Insurance, Variable Universal Life Insurance and Whole Life Insurance.
Any customer who is looking for a Life Insurance Quote can get free consultation from any New York Life Insurance agent. New York Life Insurance's sales force is one of the best trained in the country. Their agents are especially qualified to understand and address each customer's individual needs.
Term Life Insurance
The Term Life Insurance is one of the most basic kinds of Life Insurance offered by the New York Life Insurance. The period of time is pre-defined and the protection that is offered is very affordable. This policy could be used to serve temporary protection needs. You can have a five-year Term Life insurance or a twenty-year one. You can increase the premium term and take a Family Protection Insurance as well.
Permanent Life Insurance
For long term use New York Life Insurance offers the policy for Permanent Life Insurance. This includes Whole Life Insurance and Universal Life Insurance. There are many types of Permanent Life Insurance and each one has its own specific features, which makes it appropriate for each customer.
For permanent life insurance New York Life Insurance has two main categories which are fixed and variable. Fixed life insurance products have a minimum interest rate which is predefined and guaranteed and these products accumulate cash value. On the other hand the variable universal life insurance products have an insurance benefit under your policy. But here there is no guarantee of the minimum rate of return. The fluctuation of the returns can be up and down, and it all depends on the performance of the applicable investment divisions. In order to sustain your policy, a required minimum premium is necessary. And more protection needs additional underwriting.
The Survivorship Life Insurance is also another policy issued by the New York Life Insurance. It gives coverage to two individuals and there is a life insurance benefit after the last surviving insured dies. Survivorship policies can be for whole life, universal life or variable universal life.
Among the Corporate Sponsored Plans in New York Life Insurance, there is a provision of life insurance coverage for business owners through a corporate sponsored plan. Besides life insurance there are special insurance plan offers for long-term care and also for special group policies. The company also offers its services like investment management to institutional investors.
