Annuity Companies

New York Life Annuities

New York Life Insurance Co. has been in business since 1845, providing life insurance, annuities and other financial services.  It offers fixed and variable annuities and was ranked #3 in annuity sales in 2018, at over $14 billion, with 80% in sales of fixed annuities. The company has $272 billion in total assets (as of year-end 2018), which includes products and services other than annuities.  As a mutual insurance company, New York Life’s profits belong to its policyholders; it has no outside shareholders. The company is one of the most highly rated companies in the industry.  The most widely followed rating agencies rate NY Life as A++ (A.M. Best), AAA (Fitch), Aaa (Moody’s) and AA+(Standard & Poor’s). The company is consistently on Fortune Magazine’s list of “Most Admired Companies” and is one of the highest ranking insurance companies on that list. Company website: www.newyorklife.com/

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