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{{Infobox company
| name = New York Life Insurance Company
| logo = New York Life Insurance Company logo.png
| type = [[Mutual company|Mutual]]
| caption = Be Good At Life
| foundation = 1845
| location = [[New York Life Building]]<br>[[New York City]], [[New York (state)|New York]], [[United States|U.S.]]
| key_people = Ted Mathas, CEO and Chairman
| num_employees = 11,320 employees (2017)<ref name=Fortune500>{{cite web |url=http://fortune.com/fortune500/new-york-life-insurance/ |title=Fortune 500 |publisher=[[Fortune (magazine)|Fortune]] |accessdate=27 June 2017}}</ref><br>12,000 agents<ref name=AdAge16>{{cite news |title=New York Life Unveils First Campaign From Anomaly |author=Adrianne Pasquarelli |url=http://adage.com/article/cmo-strategy/york-life-unveils-campaign-anomaly/305855/ |work=[[Advertising Age]] |date=September 15, 2016 |accessdate=8 August 2017}}</ref>
| industry = [[Insurance]]: [[Life insurance|life]] and [[Annuity (US financial products)|annuity]]
| products = [[Life insurance]], [[annuities]], [[long-term care]], [[asset management]]
| operating_income = {{profit}}US$1.95 billion (2016)<ref name=2016AnnualReport>{{cite web |url=https://www.newyorklife.com/content/dam/nyl-cms-dotcom/pdfs/financial-info/2016/2016-Annual-Report.pdf |title=2016 Annual Report |publisher=New York Life Insurance Company |accessdate=31 May 2017}} p. ii</ref>
| aum = {{profit}}US$537.78 billion (2016)<ref name=2016AnnualReport/>
| homepage = [http://www.newyorklife.com/ www.newyorklife.com]
}}
'''New York Life Insurance Company''' ('''NYLIC''') is the third-largest [[life insurance]] company in the [[United States]]<ref name=Swarns16>{{cite news |title=Insurance Policies on Slaves: New York Life’s Complicated Past |author=Rachel Swarns |url=https://www.nytimes.com/2016/12/18/us/insurance-policies-on-slaves-new-york-lifes-complicated-past.html }}</ref>, the largest [[mutual insurance|mutual]] life insurance company in the United States<ref name="Jarboe16">{{cite news |title=New York Life leases 3 floors at 200 Public Square, will bring hundreds of jobs to downtown Cleveland |last1=Jarboe |first1=Michelle |url=http://www.cleveland.com/business/index.ssf/2016/04/new_york_life_will_move_xxx_jo.html |newspaper=[[The Plain Dealer]] |date=16 April 2016 |accessdate=15 February 2018}}</ref> and is ranked #69 on the 2018 [[Fortune 500]] list.<ref>{{cite web|url=http://fortune.com/fortune500/new-york-life-insurance/|title=New York Life Insurance|work=Fortune|accessdate=16 July 2018}}</ref> NYLIC has about $570 billion in total [[assets under management]], and more than $25 billion in surplus and AVR.<ref>{{cite web | title = New York Life 2012 Annual Report | publisher = New York Life Insurance Company | url = http://www.newyorklife.com/nyl-internet/file-types/2012-Annual-Report.pdf | accessdate = 2013-07-30 }}</ref> In 2007, NYLIC achieved the best possible ratings by the four independent rating companies (Standard & Poor's, AM Best, Moody's and Fitch). Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail [[mutual fund]]s.
==History==
===Early history===
New York Life Insurance Company first opened in [[Manhattan]]'s [[Financial District, Manhattan|Financial District]] as ''Nautilus Mutual Life'' in 1845, 10 years after the first [[Life insurance#United States|life insurance charter]] was granted in the United States.<ref name=Swarns161>{{cite news |title=Insurance Policies on Slaves: New York Life’s Complicated Past |author=Rachel Swarns |url=https://www.nytimes.com/2016/12/18/us/insurance-policies-on-slaves-new-york-lifes-complicated-past.html?_r=0 |work=[[New York Times]] |date=December 18, 2016 |accessdate=May 26, 2017}}</ref><ref name=LOC12>{{cite web |url=https://blogs.loc.gov/inside_adams/2012/08/an-early-history-of-life-insurance/ |title=An early history of life insurance |date=15 August 2012 |publisher=[[Library of Congress]] |accessdate=30 May 2017}}</ref> Originally chartered in 1841, the company also sold [[fire insurance|fire]] and [[marine insurance]].<ref name=LandmarksCommission87>{{cite web |url=http://s-media.nyc.gov/agencies/lpc/lp/1512.pdf |title=Landmarks Preservation Commission February 10, 1987; Designation List 187 LP-1512 |date=10 February 1987 |publisher=New York City Landmarks Preservation Commission |accessdate=30 May 2017}}</ref> The company's first president, [[James De Peyster Ogden]], was appointed in 1845.<ref name=Hudnut1906P2>{{cite book |last=Hudnut |first=James Monroe |date=1906 |title=History of the New York Life Insurance Company, 1895-1905 |url=https://books.google.com/books?id=szJAAQAAMAAJ&dq=new%20york%20life%20civil%20war&pg=PA169#v=onepage&q=new%20york%20life%20civil%20war&f=false |dead-url= |location=New York |page=2 |publisher=New York Life Insurance Company |isbn= |archive-url= |archive-date=}}</ref> Nautilus renamed itself New York Life Insurance Company in 1849 to concentrate on its life insurance business.<ref name=Swarns161/><ref name=LandmarksCommission87/>
In its early years (1846–1848) the company, along with other insurance companies of the day including [[Aetna]] and [[US Life]], insured the lives of slaves for their owners. By 1847 these accounted for one{{nbh}}third of New York Life's policies.<ref name=Swarns161/> The [[board of trustees]] voted to end the sale of insurance policies on slaves in 1848.<ref name=Swarns161/> The company also sold policies to soldiers and civilians involved in combat during the [[American Civil War]] and paid claims under a flag of truce during that time.<ref name=Hudnut1906P169>{{cite book |last=Hudnut |first=James Monroe |date=1906 |title=History of the New York Life Insurance Company, 1895-1905 |page=169 |url=https://books.google.com/books?id=szJAAQAAMAAJ&dq=new%20york%20life%20civil%20war&pg=PA169#v=onepage&q=new%20york%20life%20civil%20war&f=false |dead-url= |location=New York |publisher=New York Life Insurance Company |isbn= |archive-url= |archive-date=}}</ref><ref name=trustedadvisor10/> In the late 1800s, the company began employing female agents.<ref name="Niccolls">{{cite news |title=A woman agent in the '90's |last1=Niccolls |first1=J. Fremont |newspaper=NYLIC Review |date=July 1937 }}</ref>
New York Life continued to grow throughout its first 100 years as the national population and the market for life insurance increased.<ref name=InternationalDirectory>{{cite web |url=http://www.fundinguniverse.com/company-histories/new-york-life-insurance-company-history/ |title=New York Life Insurance Company History |date= |website=fundinguniverse.com |publisher=International Directory of Company Histories |accessdate=30 May 2017}}</ref> New York Life's growth was in part fueled by its introduction of a system by which the company used [[Independent insurance agent|agents]] to find new business.<ref name=InternationalDirectory/> In 1892, company President John A. McCall introduced the branch office system: offices that served as liaisons between New York and field agents.<ref name=InternationalDirectory/>
In 1894, the company became the first US-based insurance provider to offer life insurance to women at the same cost as men; social reformer [[Susan B. Anthony]] was one of the company's first female policyholders.<ref name="Vault">{{cite book |title=Vault Guide to the Top Insurance Employers |editor=Tyya N. Turner |year=2005 |publisher=Vault, Inc. |location= |isbn=9781581313208 |page=103 |url=https://books.google.com/books?id=Yju0gYTwntMC&printsec=frontcover#v=onepage&q&f=false |accessdate=30 May 2017}}</ref> In 1896, New York Life became the first company to insure people with disabilities or in hazardous occupations.<ref name="Vault"/>
===20th century===
[[File:New York Life Building 2.jpg|thumb|right|[[New York Life Building]]]]
The New York Life Building at 51 Madison Avenue in Manhattan, designed by American [[architect]] [[Cass Gilbert]], opened in December 1928.<ref name="CassGilbert">{{cite web |url=http://www.cassgilbertsociety.org/works/nyc-newyorklife/ |title=New York Life Building |publisher=Cass Gilbert Society |accessdate=30 May 2017}}</ref> The company moved into the 34-story skyscraper in 1929.<ref name=InternationalDirectory/> Later that year, New York Life's assets survived the [[Wall Street Crash of 1929|stock market crash]]; state regulation and company investing policy had led New York Life to invest in government bonds and real estate, not common stocks.<ref name=InternationalDirectory/>
Following [[World War II]], New York Life further diversified; it invested in [[real estate development]] in the late 1940s and launched a mortgage-loan program for [[veterans]] in 1946.<ref name=InternationalDirectory/> In 1957, New York Life hired one of the industry's first black agents, Cirilo McSween.<ref name=Swarns161/><ref name=Deppe17>{{cite book |title=Operation Breadbasket: An Untold Story of Civil Rights in Chicago, 1966–1971 |author=Martin L. Deppe |year=2017 |publisher=[[University of Georgia Press]] |location=[[Athens, Georgia]] |isbn=9780820350455 |page=69 |url=https://books.google.com/books?id=5UhaDgAAQBAJ&printsec=frontcover&source=gbs_atb#v=onepage&q&f=false |accessdate=30 May 2017}}</ref> In the 1970s, New York Life began selling annuities and mutual funds.<ref name=InternationalDirectory/> In the late 1990s and early 2000s, as other mutual life insurance companies became publicly traded corporations, New York Life remained a mutual company.<ref name=InternationalDirectory/> New York Life entered the Mexican market in 1999 when it acquired Seguros Monterrey from [[Aetna]].<ref name=Lohse99>{{cite news |title=New York Life Insurance to buy Mexican insurer for $570 million |last1=Lohse |first1=Deborah |last2=Millman |first2=Joel |url=https://www.wsj.com/articles/SB94448744554858708 |newspaper=[[The Wall Street Journal]] |date=7 December 1999 |accessdate=30 May 2017}}</ref>
===Recent history===
New York Life, along with other insurance companies, relaxed the claims process for missing persons in the wake of the [[September 11 attacks]].<ref name=InternationalDirectory/> Fearful of the stability of the market during the two years prior to the [[financial crisis of 2007–2008]], New York Life moved its cash into other investments such as [[United States Treasury security|treasury bonds]].<ref name=trustedadvisor10>{{cite web |url=http://trustedadvisor.com/trustmatters/ny-life-ex-chairman-sy-sternberg-on-trust-in-the-life-insurance-business-trust-quotes-16 |title=NY Life ex-Chairman Sy Sternberg on Trust in the Life Insurance Business: Trust Quotes #16 |author=t |date=December 8, 2010 |work=Trustedadvisor.com |publisher=Trusted Advisor |accessdate=March 26, 2017}}</ref> In the ensuing financial crisis, New York Life Insurance Company rejected assistance from the [[U.S. Treasury Department]].<ref name="NBCNews08">{{cite news |title=Two insurers reject government bailout help |url=http://www.nbcnews.com/id/27631025/ns/business-us_business/t/two-insurers-reject-government-bailout-help/#.WS212hPysWo |newspaper=[[NBC News]] |date=9 November 2008 |accessdate=30 May 2017}}</ref>
Following the 2013 acquisition of Dexia Asset Management, later renamed Candriam Investors Group, New York Life Investments became one of the largest asset managers worldwide, with access to markets in [[Europe]], [[Asia]] and [[Australia]], in addition to the United States.<ref name="Orzeck13">{{cite news |title=New York Life buys Dexia Asset Management arm for $512M |last1=Orzeck |first1=Kurt |url=https://www.law360.com/articles/475464/new-york-life-buys-dexia-asset-management-arm-for-512m |newspaper=[[Law360]] |date=24 September 2013 |accessdate=30 May 2017}}</ref>
==Operations==
As of 2016, New York Life Insurance Company was the country's third-largest life insurance company.<ref name=Swarns16/> A mutual insurance company, New York Life is owned by its policyholders and has no outside shareholders.<ref name=Girouard09>{{cite news |title=A Financial Bunker For Scary Times |author=John E. Girouard |url=https://www.forbes.com/2009/02/10/mutual-life-insurance-financial-adviser-network_0210_financial_planning.html |work=[[Forbes]] |date=February 10, 2009 |accessdate=May 11, 2017}}</ref> As a mutual, New York Life distributes a portion of its earnings to eligible policyholders as annual dividends.<ref name="InternationalDirectory"/><ref name="NerdWallet17">{{cite web |url=https://www.nerdwallet.com/blog/insurance/reviews/new-york-life-insurance-review/ |title=New York Life Insurance Review 2017 |date=2017 |publisher=[[NerdWallet]] |accessdate=30 May 2017}}</ref> As of 2016, the company has paid a dividend every year since 1854.<ref>2016 Annual Report, p. 2</ref> Through Seguros Monterrey New York Life, the company offers insurance in Mexico.<ref name="BloombergSegurosMonterrey">{{cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=764524 |title=Company Overview of Seguros Monterrey New York Life, S.A. de C.V. |publisher=[[Bloomberg LP]] |accessdate=30 May 2017}}</ref>
New York Life's core product is [[whole life insurance]], a type of life insurance offering lifelong protection that builds cash value over time.<ref name=Girouard09/><ref name="NerdWallet17"/> New York Life also sells [[term life insurance]], [[universal life insurance]], [[variable universal life insurance]], [[long-term care insurance]] and [[annuities]].<ref name=NerdWallet17/> The company operates New York Life Direct, selling direct-to-consumer policies, and is the exclusive life insurance partner of the [[AARP]].<ref name=Manning13>{{cite news |title=New York Life builds on AARP knowledge to expand direct sales |author=Margie Manning
|url=http://www.bizjournals.com/tampabay/news/2013/08/15/new-york-life-builds-on-aarp-knowledge.html |work=[[Bizjournals]] |date=August 15, 2013 |accessdate=May 11, 2017}}</ref>
[[File:NY Life Bldg St-Gaudens Eagle Kansas City MO.jpg|thumb|right|NY Life Building, Kansas City]]
===Asset management businesses===
New York Life's global asset management business serves both [[institutional investor|institutional]] and [[Financial_market_participants#Retail_investor|retail]] clients.<ref name=Ackermann00>{{cite news |title=N.Y. Life Relaunches Asset Unit |author=Matt Ackermann |url=https://www.americanbanker.com/news/ny-life-relaunches-asset-unit |work=[[American Banker]] |date=October 26, 2000 |accessdate=May 11, 2017}}</ref> New York Life Investments ranks No. 26 by total worldwide institutional assets under management, according to ''Pensions & Investments''' Largest Money Managers Survey 2017.<ref name="P&I17">{{cite news |title=The largest money managers |url=http://www.pionline.com/specialreports/money-managers/20170529 |newspaper=Pensions & Investments |date=29 May 2017 |registration=Yes |quote=26: New York Life Investments: $373,225 [in millions] |accessdate=27 June 2017}}</ref>
The group manages money through independent investment boutiques.<ref name="NYLIM">{{cite web |url=https://www.nylinvestments.com/investmentsgroup/products |title=Investments group |publisher=New York Life Insurance Company |accessdate=31 May 2017}}</ref> These boutiques include:
*Ausbil, an Australian investment boutique specializing in equities<ref name="Thompson17">{{cite news |title=Ausbil MicroCap Fund makes key appointments |last1=Thompson |first1=Sarah |last2=Macdonald |first2=Anthony |last3=Moullakis |first3=Joyce |url=http://www.afr.com/street-talk/ausbil-microcap-fund-makes-key-appointments-20170621-gww26a |newspaper=Australian Financial Review |date=22 June 2017 |registration=Yes |quote=Ausbil Investment Management has hired Mason Willoughby-Thomas as a portfolio manager and Arden Jennings as an equities analyst at its MicroCap fund |accessdate=27 June 2017}}</ref><ref name="Moullakis13">{{cite news |title=Fund manager Ausbil Dexia will embrace New York Life |last1=Moullakis |first1=Joyce |url=http://www.afr.com/it-pro/ausbil-dexia-readies-for-new-york-life-partnership-20131023-j5x0i |newspaper=Australian Financial Review |date=24 October 2013 |registration=Yes |quote=Fund manager Ausbil Dexia will embrace New York Life Insurance Co, the largest US life-insurer owned by policyholders, as its new equity partner, likely leading to a bolstering of funds under management and a rebranding within months. New York Life’s investment unit has agreed to acquire Dexia Asset Management unit for €380 million ($542 million), and hopes to close the transaction about December 31. Dexia has about $US100 billion in funds under management and owns 70 per cent of Sydney-based Ausbil Dexia. |accessdate=17 May 2018}}</ref>
*[[Candriam Investors Group]], which focuses on high yield, absolute return, emerging debt, sustainable investments and asset allocation strategies<ref name="Rolland17">{{cite news |title=Candriam bien parti pour atteindre 150 milliards d'euros d'actifs dans cinq ans |last1=Rolland |first1=Sophie |url=https://www.lesechos.fr/finance-marches/gestion-actifs/0211867936794-candriam-bien-parti-pour-atteindre-150-milliards-deuros-dactifs-dans-cinq-ans-2071746.php |newspaper=Les Echos |date=13 March 2017 |accessdate=27 June 2017}}</ref><ref name="GlobalInvestorGroup17">{{cite web |url=https://globalinvestorgroup.com/Articles/3651315/Candriam-Investors-opens-New-York-office |title=Candriam Investors opens New York office |date=9 January 2017 |publisher=Global Investor Group |accessdate=27 June 2017}}</ref><ref name="Caon15">{{cite news |title=Candriam looks to seize the retail space |last1=Caon |first1=Viola |last2=Paredes-Vanheule |first2=Adrien |url=http://www.investmenteurope.net/regions/benelux/candriam-looks-to-seize-the-retail-space/ |newspaper=Investment Europe |date=5 June 2015 |accessdate=27 June 2017}}</ref>
*Credit Value Partners, which specializes in opportunistic, distressed debt and high-yield corporate credit<ref name="Comtois17">{{cite news |title=New York Life Investments takes majority stake in Credit Value Partners |last1=Comtois |first1=James |url=http://www.pionline.com/article/20170104/ONLINE/170109958/new-york-life-investments-takes-majority-stake-in-credit-value-partners |newspaper=Pensions & Investments |date=4 January 2017 |registration=Yes |quote=New York Life Investments has agreed to acquire a majority stake in Credit Value Partners, a boutique investment firm specializing in opportunistic and distressed debt and high-yield corporate credit, spokesman Kevin Maher said. |accessdate=27 June 2017}}</ref>
*GoldPoint Partners, a private equity firm<ref name="Griffith17">{{cite news |title=Term sheet — Thursday, May 11 |last1=Griffith |first1=Erin |url=http://fortune.com/2017/05/11/term-sheet-thursday-may-11/ |newspaper=[[Fortune (magazine)|Fortune]] |date=11 May 2017 |accessdate=27 June 2017}}</ref><ref name=Leach17>{{cite web |url=https://www.themiddlemarket.com/news/goldpoint-reaffirms-middle-market-mezzanine-financing-with-fourth-fund |title=GoldPoint reaffirms middle-market mezzanine financing with fourth fund |author=Kamaron Leach |date=11 May 2017 |publisher=Mergers & Acquisitions |registration=Yes |quote=GoldPoint, the private equity affiliate of New York Life Investments, currently manages $11.8 billion in private equity assets. |accessdate=1 August 2017}}</ref>
*IndexIQ, which specializes in exchange-traded funds and alternative investment strategies<ref name="Lau14">{{cite news |title=New York Life to enter ETF market with acquisition of IndexIQ |last1=Lau |first1=Ashley |url=https://www.reuters.com/article/us-indexiq-m-a-new-york-life-idUSKCN0JI1QR20141204 |newspaper=[[Reuters]] |date=4 December 2014 |accessdate=27 June 2017}}</ref><ref name="Shidler17">{{cite web |url=https://riabiz.com/a/2017/4/3/why-proshares-yanked-etfs-from-schwabs-no-commission-onesource-etf-exchange |title=Why ProShares yanked ETFs from Schwab's no-commission OneSource ETF exchange |author=Lisa Shidler |date=3 April 2017 |publisher=RIABiz |accessdate=27 June 2017}}</ref>
*MacKay Shields, an asset management firm that focuses on income generation and offers capital growth through mutual and hedge funds<ref name="Maverick16">{{cite web |url=http://www.investopedia.com/articles/investing/031816/mackay-shields-investment-manager-highlight-awf.asp |title=MacKay Shields: Investment Manager Highlight |author=J.B. Maverick |date=18 March 2016 |publisher=Investopedia |accessdate=27 June 2017}}</ref>
*Madison Capital Funding, which provides financing to private equity firms<ref name="Beltran17">{{cite news |title=Madison Capital Funding’s Klimmeck, Marks to exit at end of 2017 |url=https://www.pehub.com/buyouts/klimmeck-marks-to-exit-madison-capital-funding-at-end-of-2017/ |last1=Beltran |first1=Luisa |newspaper=Buyouts |date=10 January 2017 |registration=Yes |quote=Chicago-based Madison Capital provides financing for PE firms. It operates as a unit of New York Life Insurance Co and had $8.2 billion in assets under management as of Sept. 30. |accessdate=27 June 2017}}</ref>
*Private Advisors, an asset manager specializing in hedge funds and private equity funds<ref name="Delevingne16">{{cite news |title=Private advisors shakes up hedge fund investments, staff |last1=Delevingne |first1=Lawrence |url=https://www.reuters.com/article/privateadvisors-hedgefunds-idUSL1N19D2CG |newspaper=[[Reuters]] |date=22 June 2016 |accessdate=27 June 2017}}</ref>
==Charitable efforts==
New York Life Foundation is the insurance company's philanthropic arm. Its areas of focus include childhood [[bereavement]].<ref name="Zaslow10">{{cite news |title=Families With a Missing Piece |last1=Zaslow |first1=Jeffrey |url=https://www.wsj.com/articles/SB10001424052748704875604575280400596257236 |newspaper=[[The Wall Street Journal]] |date=2 June 2010 |accessdate=24 May 2018}}</ref><ref name=Uchida15>{{cite web |url=http://philanthropynewsdigest.org/5-questions-for/heather-nesle-president-new-york-life-foundation |title=Heather Nesle, president, New York Life Foundation |author=Kyoko Uchida |date=18 November 2015 |publisher=Philanthropy News Digest |accessdate=31 May 2017}}</ref> New York Life Foundation first became involved in childhood bereavement programs when it supported the Comfort Zone Camp in 2007.<ref name=Uchida15/> Its partners and programs include the National Alliance of Grieving Children, Grief Reach, Coalition to Support Grieving Students, Camp Erin/Moyer Foundation, Tragedy Assistance Program for Survivors and [[Boys and Girls Clubs of America]].<ref name=Uchida15/> It sponsored the [[HBO]] documentary ''One Last Hug''.<ref name=Uchida15/>
The company also emphasizes giving to various cultural communities, including the African-American community.<ref name=Swarns16 /> The company also funded a $10 million endowment to the [[Colin L. Powell Center for Leadership and Service|Colin Powell Center for Policy Studies]] at the [[City College of New York]] called the New York Life Endowment for Emerging African-American Issues in 2006.<ref name=Swarns16/><ref name=Marshall06>{{cite web |url=http://www.crainsnewyork.com/article/20061205/FREE/61205009/new-york-life-gives-10m-to-city-college |title=New York Life gives $10M to City College |author=Samantha Marshall |date=5 December 2006 |publisher=[[Crain Communications]] |accessdate=31 May 2017}}</ref>
==Ratings and rankings==
As of June 2018, New York Life ranks No. 69 on the [[Fortune 500]].<ref name=Fortune500/> ''[[Fortune (magazine)|Fortune]]'' also named New York Life to its Most Admired Companies list for the life insurance industry group in 2017.<ref name=FortuneMAC>{{cite web |url=http://fortune.com/worlds-most-admired-companies/new-york-life-insurance |title=New York Life Insurance |date=2017 |publisher=[[Fortune (magazine)|Fortune]] |accessdate=31 May 2017}}</ref> ''Forbes'' ranked New York Life as one of America’s Best Large Employers in 2017.<ref name="Forbes-Best">{{cite web |url=https://www.forbes.com/companies/new-york-life/ |title=America's Best Employers |date=2017 |publisher=[[Forbes]] |accessdate=1 August 2017}}</ref>
==References==
{{Reflist|2}}
==External links==
*[http://newyorklife.com/ Official website]
{{New York Life Insurance Company}}
{{Major insurance companies}}
{{Authority control}}
[[Category:Life insurance companies of the United States]]
[[Category:Insurance companies of the United States]]
[[Category:Life insurance companies]]
[[Category:Insurance companies based in New York City]]
[[Category:Mutual insurance companies of the United States]]
[[Category:New York Life Insurance Company| ]]
| name = New York Life Insurance Company
| logo = New York Life Insurance Company logo.png
| type = [[Mutual company|Mutual]]
| caption = Be Good At Life
| foundation = 1845
| location = [[New York Life Building]]<br>[[New York City]], [[New York (state)|New York]], [[United States|U.S.]]
| key_people = Ted Mathas, CEO and Chairman
| num_employees = 11,320 employees (2017)<ref name=Fortune500>{{cite web |url=http://fortune.com/fortune500/new-york-life-insurance/ |title=Fortune 500 |publisher=[[Fortune (magazine)|Fortune]] |accessdate=27 June 2017}}</ref><br>12,000 agents<ref name=AdAge16>{{cite news |title=New York Life Unveils First Campaign From Anomaly |author=Adrianne Pasquarelli |url=http://adage.com/article/cmo-strategy/york-life-unveils-campaign-anomaly/305855/ |work=[[Advertising Age]] |date=September 15, 2016 |accessdate=8 August 2017}}</ref>
| industry = [[Insurance]]: [[Life insurance|life]] and [[Annuity (US financial products)|annuity]]
| products = [[Life insurance]], [[annuities]], [[long-term care]], [[asset management]]
| operating_income = {{profit}}US$1.95 billion (2016)<ref name=2016AnnualReport>{{cite web |url=https://www.newyorklife.com/content/dam/nyl-cms-dotcom/pdfs/financial-info/2016/2016-Annual-Report.pdf |title=2016 Annual Report |publisher=New York Life Insurance Company |accessdate=31 May 2017}} p. ii</ref>
| aum = {{profit}}US$537.78 billion (2016)<ref name=2016AnnualReport/>
| homepage = [http://www.newyorklife.com/ www.newyorklife.com]
}}
'''New York Life Insurance Company''' ('''NYLIC''') is the third-largest [[life insurance]] company in the [[United States]]<ref name=Swarns16>{{cite news |title=Insurance Policies on Slaves: New York Life’s Complicated Past |author=Rachel Swarns |url=https://www.nytimes.com/2016/12/18/us/insurance-policies-on-slaves-new-york-lifes-complicated-past.html }}</ref>, the largest [[mutual insurance|mutual]] life insurance company in the United States<ref name="Jarboe16">{{cite news |title=New York Life leases 3 floors at 200 Public Square, will bring hundreds of jobs to downtown Cleveland |last1=Jarboe |first1=Michelle |url=http://www.cleveland.com/business/index.ssf/2016/04/new_york_life_will_move_xxx_jo.html |newspaper=[[The Plain Dealer]] |date=16 April 2016 |accessdate=15 February 2018}}</ref> and is ranked #69 on the 2018 [[Fortune 500]] list.<ref>{{cite web|url=http://fortune.com/fortune500/new-york-life-insurance/|title=New York Life Insurance|work=Fortune|accessdate=16 July 2018}}</ref> NYLIC has about $570 billion in total [[assets under management]], and more than $25 billion in surplus and AVR.<ref>{{cite web | title = New York Life 2012 Annual Report | publisher = New York Life Insurance Company | url = http://www.newyorklife.com/nyl-internet/file-types/2012-Annual-Report.pdf | accessdate = 2013-07-30 }}</ref> In 2007, NYLIC achieved the best possible ratings by the four independent rating companies (Standard & Poor's, AM Best, Moody's and Fitch). Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail [[mutual fund]]s.
==History==
===Early history===
New York Life Insurance Company first opened in [[Manhattan]]'s [[Financial District, Manhattan|Financial District]] as ''Nautilus Mutual Life'' in 1845, 10 years after the first [[Life insurance#United States|life insurance charter]] was granted in the United States.<ref name=Swarns161>{{cite news |title=Insurance Policies on Slaves: New York Life’s Complicated Past |author=Rachel Swarns |url=https://www.nytimes.com/2016/12/18/us/insurance-policies-on-slaves-new-york-lifes-complicated-past.html?_r=0 |work=[[New York Times]] |date=December 18, 2016 |accessdate=May 26, 2017}}</ref><ref name=LOC12>{{cite web |url=https://blogs.loc.gov/inside_adams/2012/08/an-early-history-of-life-insurance/ |title=An early history of life insurance |date=15 August 2012 |publisher=[[Library of Congress]] |accessdate=30 May 2017}}</ref> Originally chartered in 1841, the company also sold [[fire insurance|fire]] and [[marine insurance]].<ref name=LandmarksCommission87>{{cite web |url=http://s-media.nyc.gov/agencies/lpc/lp/1512.pdf |title=Landmarks Preservation Commission February 10, 1987; Designation List 187 LP-1512 |date=10 February 1987 |publisher=New York City Landmarks Preservation Commission |accessdate=30 May 2017}}</ref> The company's first president, [[James De Peyster Ogden]], was appointed in 1845.<ref name=Hudnut1906P2>{{cite book |last=Hudnut |first=James Monroe |date=1906 |title=History of the New York Life Insurance Company, 1895-1905 |url=https://books.google.com/books?id=szJAAQAAMAAJ&dq=new%20york%20life%20civil%20war&pg=PA169#v=onepage&q=new%20york%20life%20civil%20war&f=false |dead-url= |location=New York |page=2 |publisher=New York Life Insurance Company |isbn= |archive-url= |archive-date=}}</ref> Nautilus renamed itself New York Life Insurance Company in 1849 to concentrate on its life insurance business.<ref name=Swarns161/><ref name=LandmarksCommission87/>
In its early years (1846–1848) the company, along with other insurance companies of the day including [[Aetna]] and [[US Life]], insured the lives of slaves for their owners. By 1847 these accounted for one{{nbh}}third of New York Life's policies.<ref name=Swarns161/> The [[board of trustees]] voted to end the sale of insurance policies on slaves in 1848.<ref name=Swarns161/> The company also sold policies to soldiers and civilians involved in combat during the [[American Civil War]] and paid claims under a flag of truce during that time.<ref name=Hudnut1906P169>{{cite book |last=Hudnut |first=James Monroe |date=1906 |title=History of the New York Life Insurance Company, 1895-1905 |page=169 |url=https://books.google.com/books?id=szJAAQAAMAAJ&dq=new%20york%20life%20civil%20war&pg=PA169#v=onepage&q=new%20york%20life%20civil%20war&f=false |dead-url= |location=New York |publisher=New York Life Insurance Company |isbn= |archive-url= |archive-date=}}</ref><ref name=trustedadvisor10/> In the late 1800s, the company began employing female agents.<ref name="Niccolls">{{cite news |title=A woman agent in the '90's |last1=Niccolls |first1=J. Fremont |newspaper=NYLIC Review |date=July 1937 }}</ref>
New York Life continued to grow throughout its first 100 years as the national population and the market for life insurance increased.<ref name=InternationalDirectory>{{cite web |url=http://www.fundinguniverse.com/company-histories/new-york-life-insurance-company-history/ |title=New York Life Insurance Company History |date= |website=fundinguniverse.com |publisher=International Directory of Company Histories |accessdate=30 May 2017}}</ref> New York Life's growth was in part fueled by its introduction of a system by which the company used [[Independent insurance agent|agents]] to find new business.<ref name=InternationalDirectory/> In 1892, company President John A. McCall introduced the branch office system: offices that served as liaisons between New York and field agents.<ref name=InternationalDirectory/>
In 1894, the company became the first US-based insurance provider to offer life insurance to women at the same cost as men; social reformer [[Susan B. Anthony]] was one of the company's first female policyholders.<ref name="Vault">{{cite book |title=Vault Guide to the Top Insurance Employers |editor=Tyya N. Turner |year=2005 |publisher=Vault, Inc. |location= |isbn=9781581313208 |page=103 |url=https://books.google.com/books?id=Yju0gYTwntMC&printsec=frontcover#v=onepage&q&f=false |accessdate=30 May 2017}}</ref> In 1896, New York Life became the first company to insure people with disabilities or in hazardous occupations.<ref name="Vault"/>
===20th century===
[[File:New York Life Building 2.jpg|thumb|right|[[New York Life Building]]]]
The New York Life Building at 51 Madison Avenue in Manhattan, designed by American [[architect]] [[Cass Gilbert]], opened in December 1928.<ref name="CassGilbert">{{cite web |url=http://www.cassgilbertsociety.org/works/nyc-newyorklife/ |title=New York Life Building |publisher=Cass Gilbert Society |accessdate=30 May 2017}}</ref> The company moved into the 34-story skyscraper in 1929.<ref name=InternationalDirectory/> Later that year, New York Life's assets survived the [[Wall Street Crash of 1929|stock market crash]]; state regulation and company investing policy had led New York Life to invest in government bonds and real estate, not common stocks.<ref name=InternationalDirectory/>
Following [[World War II]], New York Life further diversified; it invested in [[real estate development]] in the late 1940s and launched a mortgage-loan program for [[veterans]] in 1946.<ref name=InternationalDirectory/> In 1957, New York Life hired one of the industry's first black agents, Cirilo McSween.<ref name=Swarns161/><ref name=Deppe17>{{cite book |title=Operation Breadbasket: An Untold Story of Civil Rights in Chicago, 1966–1971 |author=Martin L. Deppe |year=2017 |publisher=[[University of Georgia Press]] |location=[[Athens, Georgia]] |isbn=9780820350455 |page=69 |url=https://books.google.com/books?id=5UhaDgAAQBAJ&printsec=frontcover&source=gbs_atb#v=onepage&q&f=false |accessdate=30 May 2017}}</ref> In the 1970s, New York Life began selling annuities and mutual funds.<ref name=InternationalDirectory/> In the late 1990s and early 2000s, as other mutual life insurance companies became publicly traded corporations, New York Life remained a mutual company.<ref name=InternationalDirectory/> New York Life entered the Mexican market in 1999 when it acquired Seguros Monterrey from [[Aetna]].<ref name=Lohse99>{{cite news |title=New York Life Insurance to buy Mexican insurer for $570 million |last1=Lohse |first1=Deborah |last2=Millman |first2=Joel |url=https://www.wsj.com/articles/SB94448744554858708 |newspaper=[[The Wall Street Journal]] |date=7 December 1999 |accessdate=30 May 2017}}</ref>
===Recent history===
New York Life, along with other insurance companies, relaxed the claims process for missing persons in the wake of the [[September 11 attacks]].<ref name=InternationalDirectory/> Fearful of the stability of the market during the two years prior to the [[financial crisis of 2007–2008]], New York Life moved its cash into other investments such as [[United States Treasury security|treasury bonds]].<ref name=trustedadvisor10>{{cite web |url=http://trustedadvisor.com/trustmatters/ny-life-ex-chairman-sy-sternberg-on-trust-in-the-life-insurance-business-trust-quotes-16 |title=NY Life ex-Chairman Sy Sternberg on Trust in the Life Insurance Business: Trust Quotes #16 |author=t |date=December 8, 2010 |work=Trustedadvisor.com |publisher=Trusted Advisor |accessdate=March 26, 2017}}</ref> In the ensuing financial crisis, New York Life Insurance Company rejected assistance from the [[U.S. Treasury Department]].<ref name="NBCNews08">{{cite news |title=Two insurers reject government bailout help |url=http://www.nbcnews.com/id/27631025/ns/business-us_business/t/two-insurers-reject-government-bailout-help/#.WS212hPysWo |newspaper=[[NBC News]] |date=9 November 2008 |accessdate=30 May 2017}}</ref>
Following the 2013 acquisition of Dexia Asset Management, later renamed Candriam Investors Group, New York Life Investments became one of the largest asset managers worldwide, with access to markets in [[Europe]], [[Asia]] and [[Australia]], in addition to the United States.<ref name="Orzeck13">{{cite news |title=New York Life buys Dexia Asset Management arm for $512M |last1=Orzeck |first1=Kurt |url=https://www.law360.com/articles/475464/new-york-life-buys-dexia-asset-management-arm-for-512m |newspaper=[[Law360]] |date=24 September 2013 |accessdate=30 May 2017}}</ref>
==Operations==
As of 2016, New York Life Insurance Company was the country's third-largest life insurance company.<ref name=Swarns16/> A mutual insurance company, New York Life is owned by its policyholders and has no outside shareholders.<ref name=Girouard09>{{cite news |title=A Financial Bunker For Scary Times |author=John E. Girouard |url=https://www.forbes.com/2009/02/10/mutual-life-insurance-financial-adviser-network_0210_financial_planning.html |work=[[Forbes]] |date=February 10, 2009 |accessdate=May 11, 2017}}</ref> As a mutual, New York Life distributes a portion of its earnings to eligible policyholders as annual dividends.<ref name="InternationalDirectory"/><ref name="NerdWallet17">{{cite web |url=https://www.nerdwallet.com/blog/insurance/reviews/new-york-life-insurance-review/ |title=New York Life Insurance Review 2017 |date=2017 |publisher=[[NerdWallet]] |accessdate=30 May 2017}}</ref> As of 2016, the company has paid a dividend every year since 1854.<ref>2016 Annual Report, p. 2</ref> Through Seguros Monterrey New York Life, the company offers insurance in Mexico.<ref name="BloombergSegurosMonterrey">{{cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=764524 |title=Company Overview of Seguros Monterrey New York Life, S.A. de C.V. |publisher=[[Bloomberg LP]] |accessdate=30 May 2017}}</ref>
New York Life's core product is [[whole life insurance]], a type of life insurance offering lifelong protection that builds cash value over time.<ref name=Girouard09/><ref name="NerdWallet17"/> New York Life also sells [[term life insurance]], [[universal life insurance]], [[variable universal life insurance]], [[long-term care insurance]] and [[annuities]].<ref name=NerdWallet17/> The company operates New York Life Direct, selling direct-to-consumer policies, and is the exclusive life insurance partner of the [[AARP]].<ref name=Manning13>{{cite news |title=New York Life builds on AARP knowledge to expand direct sales |author=Margie Manning
|url=http://www.bizjournals.com/tampabay/news/2013/08/15/new-york-life-builds-on-aarp-knowledge.html |work=[[Bizjournals]] |date=August 15, 2013 |accessdate=May 11, 2017}}</ref>
[[File:NY Life Bldg St-Gaudens Eagle Kansas City MO.jpg|thumb|right|NY Life Building, Kansas City]]
===Asset management businesses===
New York Life's global asset management business serves both [[institutional investor|institutional]] and [[Financial_market_participants#Retail_investor|retail]] clients.<ref name=Ackermann00>{{cite news |title=N.Y. Life Relaunches Asset Unit |author=Matt Ackermann |url=https://www.americanbanker.com/news/ny-life-relaunches-asset-unit |work=[[American Banker]] |date=October 26, 2000 |accessdate=May 11, 2017}}</ref> New York Life Investments ranks No. 26 by total worldwide institutional assets under management, according to ''Pensions & Investments''' Largest Money Managers Survey 2017.<ref name="P&I17">{{cite news |title=The largest money managers |url=http://www.pionline.com/specialreports/money-managers/20170529 |newspaper=Pensions & Investments |date=29 May 2017 |registration=Yes |quote=26: New York Life Investments: $373,225 [in millions] |accessdate=27 June 2017}}</ref>
The group manages money through independent investment boutiques.<ref name="NYLIM">{{cite web |url=https://www.nylinvestments.com/investmentsgroup/products |title=Investments group |publisher=New York Life Insurance Company |accessdate=31 May 2017}}</ref> These boutiques include:
*Ausbil, an Australian investment boutique specializing in equities<ref name="Thompson17">{{cite news |title=Ausbil MicroCap Fund makes key appointments |last1=Thompson |first1=Sarah |last2=Macdonald |first2=Anthony |last3=Moullakis |first3=Joyce |url=http://www.afr.com/street-talk/ausbil-microcap-fund-makes-key-appointments-20170621-gww26a |newspaper=Australian Financial Review |date=22 June 2017 |registration=Yes |quote=Ausbil Investment Management has hired Mason Willoughby-Thomas as a portfolio manager and Arden Jennings as an equities analyst at its MicroCap fund |accessdate=27 June 2017}}</ref><ref name="Moullakis13">{{cite news |title=Fund manager Ausbil Dexia will embrace New York Life |last1=Moullakis |first1=Joyce |url=http://www.afr.com/it-pro/ausbil-dexia-readies-for-new-york-life-partnership-20131023-j5x0i |newspaper=Australian Financial Review |date=24 October 2013 |registration=Yes |quote=Fund manager Ausbil Dexia will embrace New York Life Insurance Co, the largest US life-insurer owned by policyholders, as its new equity partner, likely leading to a bolstering of funds under management and a rebranding within months. New York Life’s investment unit has agreed to acquire Dexia Asset Management unit for €380 million ($542 million), and hopes to close the transaction about December 31. Dexia has about $US100 billion in funds under management and owns 70 per cent of Sydney-based Ausbil Dexia. |accessdate=17 May 2018}}</ref>
*[[Candriam Investors Group]], which focuses on high yield, absolute return, emerging debt, sustainable investments and asset allocation strategies<ref name="Rolland17">{{cite news |title=Candriam bien parti pour atteindre 150 milliards d'euros d'actifs dans cinq ans |last1=Rolland |first1=Sophie |url=https://www.lesechos.fr/finance-marches/gestion-actifs/0211867936794-candriam-bien-parti-pour-atteindre-150-milliards-deuros-dactifs-dans-cinq-ans-2071746.php |newspaper=Les Echos |date=13 March 2017 |accessdate=27 June 2017}}</ref><ref name="GlobalInvestorGroup17">{{cite web |url=https://globalinvestorgroup.com/Articles/3651315/Candriam-Investors-opens-New-York-office |title=Candriam Investors opens New York office |date=9 January 2017 |publisher=Global Investor Group |accessdate=27 June 2017}}</ref><ref name="Caon15">{{cite news |title=Candriam looks to seize the retail space |last1=Caon |first1=Viola |last2=Paredes-Vanheule |first2=Adrien |url=http://www.investmenteurope.net/regions/benelux/candriam-looks-to-seize-the-retail-space/ |newspaper=Investment Europe |date=5 June 2015 |accessdate=27 June 2017}}</ref>
*Credit Value Partners, which specializes in opportunistic, distressed debt and high-yield corporate credit<ref name="Comtois17">{{cite news |title=New York Life Investments takes majority stake in Credit Value Partners |last1=Comtois |first1=James |url=http://www.pionline.com/article/20170104/ONLINE/170109958/new-york-life-investments-takes-majority-stake-in-credit-value-partners |newspaper=Pensions & Investments |date=4 January 2017 |registration=Yes |quote=New York Life Investments has agreed to acquire a majority stake in Credit Value Partners, a boutique investment firm specializing in opportunistic and distressed debt and high-yield corporate credit, spokesman Kevin Maher said. |accessdate=27 June 2017}}</ref>
*GoldPoint Partners, a private equity firm<ref name="Griffith17">{{cite news |title=Term sheet — Thursday, May 11 |last1=Griffith |first1=Erin |url=http://fortune.com/2017/05/11/term-sheet-thursday-may-11/ |newspaper=[[Fortune (magazine)|Fortune]] |date=11 May 2017 |accessdate=27 June 2017}}</ref><ref name=Leach17>{{cite web |url=https://www.themiddlemarket.com/news/goldpoint-reaffirms-middle-market-mezzanine-financing-with-fourth-fund |title=GoldPoint reaffirms middle-market mezzanine financing with fourth fund |author=Kamaron Leach |date=11 May 2017 |publisher=Mergers & Acquisitions |registration=Yes |quote=GoldPoint, the private equity affiliate of New York Life Investments, currently manages $11.8 billion in private equity assets. |accessdate=1 August 2017}}</ref>
*IndexIQ, which specializes in exchange-traded funds and alternative investment strategies<ref name="Lau14">{{cite news |title=New York Life to enter ETF market with acquisition of IndexIQ |last1=Lau |first1=Ashley |url=https://www.reuters.com/article/us-indexiq-m-a-new-york-life-idUSKCN0JI1QR20141204 |newspaper=[[Reuters]] |date=4 December 2014 |accessdate=27 June 2017}}</ref><ref name="Shidler17">{{cite web |url=https://riabiz.com/a/2017/4/3/why-proshares-yanked-etfs-from-schwabs-no-commission-onesource-etf-exchange |title=Why ProShares yanked ETFs from Schwab's no-commission OneSource ETF exchange |author=Lisa Shidler |date=3 April 2017 |publisher=RIABiz |accessdate=27 June 2017}}</ref>
*MacKay Shields, an asset management firm that focuses on income generation and offers capital growth through mutual and hedge funds<ref name="Maverick16">{{cite web |url=http://www.investopedia.com/articles/investing/031816/mackay-shields-investment-manager-highlight-awf.asp |title=MacKay Shields: Investment Manager Highlight |author=J.B. Maverick |date=18 March 2016 |publisher=Investopedia |accessdate=27 June 2017}}</ref>
*Madison Capital Funding, which provides financing to private equity firms<ref name="Beltran17">{{cite news |title=Madison Capital Funding’s Klimmeck, Marks to exit at end of 2017 |url=https://www.pehub.com/buyouts/klimmeck-marks-to-exit-madison-capital-funding-at-end-of-2017/ |last1=Beltran |first1=Luisa |newspaper=Buyouts |date=10 January 2017 |registration=Yes |quote=Chicago-based Madison Capital provides financing for PE firms. It operates as a unit of New York Life Insurance Co and had $8.2 billion in assets under management as of Sept. 30. |accessdate=27 June 2017}}</ref>
*Private Advisors, an asset manager specializing in hedge funds and private equity funds<ref name="Delevingne16">{{cite news |title=Private advisors shakes up hedge fund investments, staff |last1=Delevingne |first1=Lawrence |url=https://www.reuters.com/article/privateadvisors-hedgefunds-idUSL1N19D2CG |newspaper=[[Reuters]] |date=22 June 2016 |accessdate=27 June 2017}}</ref>
==Charitable efforts==
New York Life Foundation is the insurance company's philanthropic arm. Its areas of focus include childhood [[bereavement]].<ref name="Zaslow10">{{cite news |title=Families With a Missing Piece |last1=Zaslow |first1=Jeffrey |url=https://www.wsj.com/articles/SB10001424052748704875604575280400596257236 |newspaper=[[The Wall Street Journal]] |date=2 June 2010 |accessdate=24 May 2018}}</ref><ref name=Uchida15>{{cite web |url=http://philanthropynewsdigest.org/5-questions-for/heather-nesle-president-new-york-life-foundation |title=Heather Nesle, president, New York Life Foundation |author=Kyoko Uchida |date=18 November 2015 |publisher=Philanthropy News Digest |accessdate=31 May 2017}}</ref> New York Life Foundation first became involved in childhood bereavement programs when it supported the Comfort Zone Camp in 2007.<ref name=Uchida15/> Its partners and programs include the National Alliance of Grieving Children, Grief Reach, Coalition to Support Grieving Students, Camp Erin/Moyer Foundation, Tragedy Assistance Program for Survivors and [[Boys and Girls Clubs of America]].<ref name=Uchida15/> It sponsored the [[HBO]] documentary ''One Last Hug''.<ref name=Uchida15/>
The company also emphasizes giving to various cultural communities, including the African-American community.<ref name=Swarns16 /> The company also funded a $10 million endowment to the [[Colin L. Powell Center for Leadership and Service|Colin Powell Center for Policy Studies]] at the [[City College of New York]] called the New York Life Endowment for Emerging African-American Issues in 2006.<ref name=Swarns16/><ref name=Marshall06>{{cite web |url=http://www.crainsnewyork.com/article/20061205/FREE/61205009/new-york-life-gives-10m-to-city-college |title=New York Life gives $10M to City College |author=Samantha Marshall |date=5 December 2006 |publisher=[[Crain Communications]] |accessdate=31 May 2017}}</ref>
==Ratings and rankings==
As of June 2018, New York Life ranks No. 69 on the [[Fortune 500]].<ref name=Fortune500/> ''[[Fortune (magazine)|Fortune]]'' also named New York Life to its Most Admired Companies list for the life insurance industry group in 2017.<ref name=FortuneMAC>{{cite web |url=http://fortune.com/worlds-most-admired-companies/new-york-life-insurance |title=New York Life Insurance |date=2017 |publisher=[[Fortune (magazine)|Fortune]] |accessdate=31 May 2017}}</ref> ''Forbes'' ranked New York Life as one of America’s Best Large Employers in 2017.<ref name="Forbes-Best">{{cite web |url=https://www.forbes.com/companies/new-york-life/ |title=America's Best Employers |date=2017 |publisher=[[Forbes]] |accessdate=1 August 2017}}</ref>
==References==
{{Reflist|2}}
==External links==
*[http://newyorklife.com/ Official website]
{{New York Life Insurance Company}}
{{Major insurance companies}}
{{Authority control}}
[[Category:Life insurance companies of the United States]]
[[Category:Insurance companies of the United States]]
[[Category:Life insurance companies]]
[[Category:Insurance companies based in New York City]]
[[Category:Mutual insurance companies of the United States]]
[[Category:New York Life Insurance Company| ]]
