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The 21st Century insurance was started in the year 1958. The founder of the company was Louis W. Foster.
The company was started in the year 1845. The company is providing financial services since more than 160 years. It is the first American life insurance company to provide cash-dividends to the policyholders in mid 1800s. It is one of the largest mutual companies in the world. High innovation and determined New York life agents have become succeeded in achieving various milestones in the recent years.
The company for its financial strength has been rated by various agencies dealing with the life insurance industry's principal rating agencies, which are as follows:
- A.M. Best (A++)
- Standard & Poor's (AA+)
- Moody's (Aaa)
- Fitch (AAA)
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Better investment plans and balance sheet management is the key to success of New York Life's strength.
Greater portions of the New York Life's assets are invested in fixed securities.
From the company's statistics, it is found that in the year 2004 the company paid approximately $1.4 billion of dividends to policyholders.
Presently the company has its operation in Argentina, China, Hong Kong, India, Mexico, the Philippines, South Korea, Taiwan and Thailand. It has also its representative office in Hanoi, Vietnam.
The address details is as follows:
New York Life Insurance Company
51 Madison Avenue
NewYorkLife.com, Suite 3200 New York, NY 10010
212-576-7000
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