All Life Insurance Tips

Does New York Life provide good term insurance?

I am looking into getting term insurance now that I am 33 good health and now have a baby to worry about. I have considered AIG, AXA, and New York Life. Can any customer from New York Life commetn on their experiences with them. God forbid something happen I do not want insurance company giving spouse a hard time collecting premium. Furthermore can anyone provide CURRENT S&P credit rating? It peeves me that everone like to stick credit rating paperwork from a few years ago in their poop packet. Uhhh hello? the world has changed a bit over last year. Thanks!

Public Comments

1. New York Life has been traditionally a good place for term insurance. Like any insurance company that uses outside sales representatives.... their costs for premiums are on the high side. I have worked for NY Life & John Hancock (no longer). They are above board when it comes to life insurance payments. The agent will be inclined not to sell you term insurance (the commission is much lower than rip off whole life products). I would suggest looking at life certain products. Thirty years or more. This is a term insurance product with a guaranteed/fixed premium for the life of the policy. On a cost basis (to you), over the long term, this is the best way to go. If the agent pushes Annuties... run away and get another agent (biggest commission generator and rip off). Between the three companies you've mentioned.... I wouldn't consider AIG (talk about bad credit!!!!) and I'd be wary of AXA. Do a little more research. there are solid companies that don't sell Term Insurance using outside sales agents.... always an significant cost to the insurance company which has to be relected in the premium.
2. 200m, Health insurance can be very tricky. Since I live in West Virginia I'm not familiar with the New York laws and regulations, so I recommend you call a local insurance agent. http://www.goodinternetdeals.com/Health-Insurance.html They should be able to assist you.
3. New York Life is a good solid company. So are most of the Big companies. When someone dies the insurance company (any insurance company) does not give the beneficiary a hard time to collect the death benefit. That is what they are in the business to do.