New York Life is a mutual life insurance company founded in 1845 and headquartered in New York City. As a mutual company, it is owned by its policyholders rather than shareholders, and it offers life insurance, annuities, long-term care coverage, and investment and retirement services. Products are distributed primarily through a nationwide network of career agents and financial professionals.
Founded
1845
Headquarters
New York, NY
AM Best (financial strength)
A++
J.D. Power (satisfaction, approx.)
791
New York Life carries an A.M. Best financial-strength rating of A++. A.M. Best ratings measure an insurer's ability to meet its ongoing policyholder obligations; ratings of A- and above are considered "excellent" or "superior." This reflects claims-paying ability, not price or customer service.
The NAIC Complaint Index is published primarily for property-and-casualty lines; for New York Life, check the NAIC Consumer Insurance Search and your state department of insurance for complaint data specific to the product and state you're considering.
You can request a quote or reach New York Life at newyorklife.com or by phone at 1-800-225-5695. Rates depend heavily on your individual profile (location, age, history, coverage), so compare at least three quotes before deciding.
Rachel Kim
Editorial Lead, Life & Retirement
This article was researched and written by the Cover Forge USA editorial team against federal sources (NAIC, CMS, FEMA, DOL, SSA, state DOIs) and standard policy forms. Bylines organize content by topic — they do not assert individual licensure. See our editorial-policy for details.
Reviewed 2026-06-14
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