The lifestyle that you and your family will live in the future is up to you and will certainly depend on how you plan for it. At Security Mutual, we can take some of the guesswork out of the planning process. Show
Life insurance is a complex financial tool that is designed to provide an amount of cash for your family or others upon your death. With the variety of options available in the market today, you are faced with a number of decisions. When contemplating life insurance, you may wonder:
Your individual circumstances will determine the right policy to fit your needs. Whether you are planning for your family’s financial security, your child’s education, your retirement or estate preservation, our highly qualified life insurance representatives will be happy to help you find the right solution for you. If you would like to locate a Security Mutual Representative in your area, click here to find a representative or please feel free to contact us. To help determine how much life insurance you may need, try our Life Insurance Needs Calculator. Delivering value to our customers Highestfinancial strength rating1 #1largest mutual insurer in $1.8Bin dividends to our As a mutual company, we are accountable to you only.That means we are fully aligned with our policy owners, not with outside investors or Wall Street. This allows us to focus on delivering lifelong value to our clients, including sharing our success with eligible participating policy owners through non-guaranteed dividends, which we've paid for 166 consecutive years. What mutuality means for you:
Building a caring and committed workforce.People come to work at New York Life to contribute to the financial goals of millions of families and businesses each day. We have a diverse, nationwide workforce that allows us to support the communities where we work. Our purpose-driven mind-set has attracted people who want to do good and has resulted in great success for our company and our customers. Our workforce thrives on its diversity.
We're proud to be recognized by organizations that also value diversity.
Serving local communities, making a national impact.The history of New York Life is about being there when we are needed, for our customers and for the thousands of communities where we work and live. Our agents and employees contributed over 145,000 hours of volunteer work in 2019 alone. The New York Life Foundation has contributed nearly $360 million since its founding in 1979, with a focus on educational enhancement and helping children who have suffered the loss of a loved one.
Learn moreIt's always useful to learn a little more. Take a look at these helpful links. Growing as a global asset manager. With over $300 billion in assets under management, New York Life Investment Management and its network of independent boutiques offer a broad array of investment solutions for pensions, endowments, advisors, and individuals. Learn more Learn more 1New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies as of 10/15/2020: A.M. Best (A++), Fitch (AAA), Moody's Investors Service (Aaa), Standard & Poor's (AA+). What happened to Mutual of New York?Mutual Life Insurance Company of New York, later Mutual of New York (MONY), and now part of AXA. New England Mutual Life Insurance Company, acquired by MetLife in 1995.
How do I withdraw money from my New York Life insurance policy?You can receive your cash value on an annual or monthly basis through an automatic deposit into your bank account or in the form of a check. Loans or surrenders will reduce the cash value and death benefit.
What is the cash value of a whole life policy?The life insurance net cash value is what the policyholder or their beneficiary has left over once the insurance company deducts its fees or any expenses incurred during the ownership of the policy. There are several options for accessing funds.
How long does it take for NY life insurance to pay out?Once a valid claim has been made, it will typically take between 14 and 60 days to receive the payment from the insurance company, and usually it occurs within 30 days.
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