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New York Life vs State Farm Life Insurance

New York Life and State Farm are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to New York Life and State Farm. See our side by side comparison below to see how these two companies stack up. We have included financial ratings, current leadership, assets, and premium in force for both New York Life and State Farm.
  • YEAR FOUNDED
    1922
  • CURRENT CEO
    Michael L. Tipsord
  • AVAILABLE
    48 States
  • ADDRESS
    East P.O. Box 588002 North Metro, GA 30029
  • TOP AWARDS

    N/A

  • PROS
    • Great Term Life Insurance
    • Top rated customer service
  • CONS
    • Term lengths
    • Higher premiums than other companies
  • YEAR FOUNDED
    1845
  • CURRENT CEO
    Theodore Alexander Mathas
  • AVAILABLE
    49 States
  • ADDRESS
    51 Madison Avenue New York, NY 10010 United States
  • TOP AWARDS

    Fortune Magazine’s List of World’s Most Admired Companies For 2017

    Forbes America’s Best Large Employers 2017

    BEQ Pride LGBTQ Business Equality Excellence Award

  • PROS
    • Great option for Seniors
    • Flexible Terms
    • High Death Benefits
  • CONS
    • Lackluster website
    • Poor customer resources
    • No Online Quoting

Compare Other Options

1st place trophy
1st

Health IQ is a unique life insurance brokerage that gets you special rates if you live an active lifestyle. If you exercise a few times per week, you can qualify for lower rates. Click below to get an accurate quote.

2nd place trophy
2nd

AIG, also know as American International Group, has been in business since 1919. AIG's strong financial rating, product selection and competitive pricing earns it the #2 spot.

3rd place trophy
3rd

Banner is a subsidiary of Legal & General, and have been in business since 1836. They hold an A+ financial rating and have some of the most competitive rates. This earns them the #3 spot.

SOURCE State Farm New York Life
JD Power 5/5 4/5
BBB A- A+
AM Best A++ A++
Moody's Aa1 Aaa
Fitch N/A AAA
Standard & Poor AA AA+
Comdex Score 98 100
SOURCE State Farm New York Life
Total Assets $160.732 billion $303.182 billion
Life Insurance in Force $901.7 billion $992.8 billion
State Farm New York Life
Term Life InsuranceYearly Convertible Term
Whole Life InsuranceLevel Premium Convertible Term
Universal Life InsuranceWhole Life Insurance
Universal Life Insurance
Variable Universal Life Insurance
State Farm New York Life
Select Term 10, 20, 30 Yearly Convertible Term
Return of Premium 20, 30 Level Premium Convertible Term
Mortgage Life 15, 30 Whole Life Insurance
Whole Life Universal Life Insurance
Limited Pay 10, 15, 20 Variable Universal Life Insurance
Single Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
State Farm New York Life
N/AAccidental Death Benefit Rider
Children’s Insurance Rider
Chronic Care Rider
Disability Waiver of Premium Rider
Living Benefits Rider
Spouse’s Paid-Up Insurance Purchase Option
Policy Purchase Option Rider
Jonathan Holloway
January 1, 1970
Jonathan is a licensed life insurance agent at NoExam.com that writes about insurance, personal finance, lifestyle, and sports. See our pages on term life insurance, life insurance rates and life insurance companies for more.
Disclaimer: We make every attempt to make sure our information is up to date, but since things change often it is best to double check the data. This review is an opinion. Clicking on links may result in NoExam.com being compensated.