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.
