Universal Life Insurance Options From New York Life


Universal Life Insurance Options From New York Life: For universal life policies, New York Life’s options are:

  • Universal Life Basic
  • Custom Universal Life Guarantee
  • Protection Up to Age 90
  • Variable Universal Life Insurance

New York Life’s universal life insurance policies are:

  • Offered with lifetime coverage periods
  • Guaranteed to have level monthly premiums for the Universal Life: Custom Guarantee and Variable Universal Life Insurance policies
  • Available through New York Life agents

In addition:

  • The Universal Life Basic policy has customizable premiums.
  • These universal life insurance policies provide a tax-free death benefit.
  • Death benefits can be paid in a lump sum, or beneficiaries can use the benefit to purchase an annuity for payments in installments.
  • The Universal Life: Universal Life (Basic) and Custom Guarantee policies offer riders for a money back option and chronic care option. The Variable Universal Life Insurance policy offers riders for a monthly deduction waiver option, waiver of specified premium option, and guaranteed minimum accumulation benefit.
  • Online tools include a coverage calculator, customer service, and document processing.

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