New York Life is one of the largest mutual life insurance companies in the United States. In business since 1845, it's one of the first names many people think of when life insurance comes to mind.
It doesn't get much stronger from a financial standpoint when it comes to credit ratings. A++ from A.M. Best is absolute highest grade given and not many companies achieve it. Standard and Poor's gives New York Life at AA+ which is also excellent.
The New York Life Foundation has provided over $240 million in charitable contributions since being founded in 1979.
Product offerings include convertible term life that is annually renewable as well as level-premium term policies. They also offer a range of whole life products, annuities, and long-term care insurance.
New York Life has a very simple application process for their no exam product including 3 questions and some electronic records checks.
What they will check:
A "NO" answer to any of the below questions is an automatic decline for no exam coverage. Most applicants can then choose if they wish to go through full underwriting.
Included at no charge, this policy may be converted to permanent insurance up through the policy anniversary after the insureds 80th birthday. No proof of insurability is required at time of conversion.
New York Life's no medical exam offering does not have term lengths. You have the option to renew each year. The premium will be set based on age at the time of policy issue. Premiums will increase every 5 years according to the below schedule.
Sample No Medical Exam Rates - New York Life - Simplified Term Life Insurance
We do all the above and more. If you'd like to have a no pressure talk about options, please contact us or fill out the quote request form on this site.