New York Life Term & Whole Life vs. Travelers Umbrella Insurance
Side-by-side comparison · Updated 2026 · Independently reviewed
New York Life Term & Whole Life
New York Life
4.5
170+ year track record. Annual dividends since 1854. Best for whole life policies.
Full review →Travelers Umbrella Insurance
Travelers
4.4
$1–10M coverage. A++ rated. Strong customer satisfaction. Broad eligibility.
Full review →WealthSpott Verdict
New York Life Term & Whole Life wins on more measurable categories. Travelers Umbrella Insurance may still be worth a quote depending on your location and coverage needs — premiums vary widely.
Feature
New York Life
Travelers Umbrella Insurance
WealthSpott Rating
4.5 / 5 Best
4.4 / 5
Coverage Type
Life Insurance
Umbrella Insurance
Avg Annual Premium
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—
AM Best Rating
—
—
J.D. Power Score
—
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Mobile App Rating
—
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New York Life Term & Whole Life
Pros
- 170+ year track record
- 170+ year track record
- Dividends paid every year since 1854
- Dividends paid every year since 1854
- Best for permanent whole life coverage
- Best for permanent whole life coverage
Cons
- Higher premiums than term-only options
- Higher premiums than term-only options
- Application process can be lengthy
- Application process can be lengthy
Travelers Umbrella Insurance
Pros
- Up to $10M in coverage — one of the highest
- A++ AM Best rating
- Strong customer satisfaction scores
Cons
- Requires underlying Travelers auto/home in most states
- Online quoting limited in some regions
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