![]() ![]() ![]() For comparison, most of our top-rated term life insurance companies offer term lengths of up to 30 or 40 years. Term policy periods capped at 20 years: If you are in the market for life insurance, know that New York Life caps term lengths at 20 years.When we tried calling customer service, they referred us to a local agent. For example, you won’t find coverage amounts available for term life. Difficult to find some information on the website: When reviewing New York Life, we found that its website contains limited details about its offerings.Very few complaints for its size: New York Life received fewer complaints than expected for a life insurance company of its size, according to the National Association of Insurance Commissioners.That’s one reason we named it the best overall on our list of best life insurance companies for seniors. Policies available for 90-year-old applicants: New York Life is one of only six of the 91 companies we reviewed that considers applicants over 85 (for some policies).It’s also one of our only top life insurance companies that sells a disability income rider, which provides income replacement if you become disabled and are unable to work. Broad selection of riders: New York Life offers a variety of riders for policy customization, including multiple living benefit riders that let you access part of the death benefit early.The company has paid dividends for 168 consecutive years, which is the second-longest of the 91 companies we reviewed. This is one reason it’s our choice for the best whole life insurance company. ![]() Policies are eligible for dividends: Although not guaranteed, New York Life’s whole life policies are eligible for annual dividends.It has an A++ (superior) rating from AM Best, which is the highest possible financial strength grade. Excellent financial stability: New York Life is the oldest insurance company we reviewed. ![]()
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