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.
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Verified Apr 2026
New York Life Term & Whole Life