New York Life Insurance is one of the largest life insurance companies in the United States of America. Formed in 1940, New York Life Insurance currently employs over 12,000 people. It is the highest privately held insurance company on the 2009 Fortune 100 list. New York Life is licensed to do business in all of the fifty states and in DC. According to their site "New York Life operates on three basic principles: Financial Strength, Integrity and Humanity." NYLIC sells long term care insurance, provide institutional asset-management and retirement planning services, and sell annuities. With just a little bit of research you will find that NYLIC has a rich history back to when it was founded. After selling slave insurance for two years the company decided to end all business involving slaves fifteen years prior to the Emancipation Proclamation. New York Life was the first insurance company in America to offer the same rates to women as men. In fact one of their first female policy holders was Susan B. Anthony. They also developed a system similar to today’s guaranteed cash value system, prior to it being a state law.
If you've been to New York City it is hard to not notice the New York Life building, at 51 Madison Avenue, with its unique design and golden roof. As a consumer NYLI will help to educate you to make proper decisions for your financial future. NYLIC gives the consumer many tools available to make your finances easy to understand and make decisions on. New York Life offers a wide variety of aid to customers with a multitude of calculators and tools on their website that allow you to see how long it will take to pay off loans, burial expenses, IRS withholding, asset allocation, and much more. More info on all of New York Life Insurance Company policies can be found on their website at www.newyorklife.com.