New York Life Term & Whole Life
New York Life
4.5
170+ year track record. Annual dividends since 1854. Best for whole life policies.
Editorial score
4.5 / 5
Product type
life insurance
Our take
New York Life is the largest mutual life insurer in the U.S. with a 170+ year track record and dividends paid every year since 1854. The gold standard for permanent life insurance and generational wealth planning.
Pros and cons
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
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Full details
| best for | Families seeking permanent whole life coverage with dividend income |
| headline metric | Dividends since 1854 |
| secondary metric | Largest U.S. mutual life insurer |
| discount highlights | Mutual company dividend payback, multi-policy |
Frequently asked questions
What should I compare besides premium for New York Life Term & Whole Life?
Look at coverage limits, deductibles, exclusions, and customer service reputation. The cheapest quote is not always the best value if coverage is weaker.
Is New York Life Term & Whole Life right for me?
New York Life is the largest mutual life insurer in the U.S. with a 170+ year track record and dividends paid every year since 1854. The gold standard for permanent life insurance and generational wealth planning.
Related guides
Verified Apr 2026· Rates may have changed
New York Life Term & Whole Life