New York Life vs State Farm Life Insurance

  • 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
SOURCEState FarmNew York Life
JD Power5/54/5
BBBA-A+
AM BestA++A++
Moody'sAa1Aaa
FitchN/AAAA
Standard & PoorAAAA+
Comdex Score98100
SOURCEState FarmNew York Life
Total Assets$160.732 billion$303.182 billion
Life Insurance in Force$901.7 billion$992.8 billion
State FarmNew 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 FarmNew 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 FarmNew 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
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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