![]() life insurer from all four of the major credit rating agencies. New York Life has the highest financial strength ratings currently awarded to any U.S. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments, and long-term care insurance. New York Life Insurance Company ( a Fortune 100 company founded in 1845, is the largest 1 mutual life insurance company in the United States and one of the largest life insurers in the world. The Wealth Plus products add to New York Life’s comprehensive and unique suite of accumulation-oriented life insurance solutions. The Wealth Plus 7 series is designed to provide death benefit protection and early, tax-advantaged cash value accumulation potential, enabling clients to further maximize the benefits of life insurance as part of a holistic financial strategy. "Every decision we make is focused on best serving our policy owners and the value created across the company directly benefits our participating policy owners, including through our dividend."Ĭonsistent with the company’s ongoing efforts to best serve policy owners, New York Life announced the launch of Secure Wealth Plus and Market Wealth Plus, two new, innovative life insurance solutions in September. In fact, our mutuality creates the ultimate alignment between New York Life and our policy owners," said DeSanto. "There is a direct connection between New York Life’s mutuality and our ability to provide financial security and peace of mind to the tens of millions of policy owners and families who place their trust in us. These complementary businesses strengthen and diversify the company’s earnings and contribute to surplus and dividends. ![]() New York Life’s Foundational Business, which delivers trusted advice and guidance provided by over 12,000 agents that make up the company’s industry leading 2 field force, is supported and made stronger by a diverse portfolio of Strategic Businesses. "In challenging times, New York Life shines through thanks to our financial stability and long-term orientation enabled by our mutuality." "New York Life’s ability to declare the largest dividend in company history despite an extraordinary environment that includes the global pandemic, volatile financial markets, and uncertain economic conditions is a testament to the sustaining strength of our business," said Craig DeSanto, New York Life chief executive officer and president. New York Life has paid in excess of $1 billion in dividends every year since 1990 and more than $46 billion in total dividend payouts over that time. ![]() Declaring a dividend for the 169 th consecutive year underscores the company’s commitment to financial strength, mutuality, and delivering ongoing value to policy owners. NEW YORK, November 17, 2022-( BUSINESS WIRE)-New York Life, America’s largest 1 mutual life insurer, today announced that the company has declared a record dividend payout of $2.0 billion expected to be paid to eligible participating policy owners in 2023. ![]()
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