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Best Life Insurance Companies in New York

Our Recommended Top 7

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Our goal is to connect people with the best local professionals. We scored New York life insurance companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

854710Reviewed

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7Top Picks

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Providers

featured provider = Featured Provider

Best Life Insurance Companies Serving New York
New York
Visit WebsiteLicense: 5813774

Expertise.com Rating

Why choose this provider?

Life insurance may seem burdensome, but its cost is minimal compared to the peace of mind it brings during hard times. Cedar Hill Financial Group, LLC, caters to those seeking financial security for their families through a life insurance policy. Its advisors craft a comprehensive financial plan for their clients, keeping in mind their current situation, needs, and budgets. From this assessment, they assist in choosing their ideal life insurance plan and educate them on the terms and conditions hidden in the fine print. Emerging as a trusted ally in New York, Cedar Hill Financial Group has redefined the way people build their wealth.

Best Life Insurance Companies Serving New York
New York

Expertise.com Rating

Review Sources

Facebook
5.0 (8)
Google
4.9 (7)
Yelp
5.0 (4)

Why choose this provider?

Plan with Phil serves clients based in New York who require life insurance solutions. These options include whole life, variable universal, and universal assurance products. The company offers term coverage, as well as choices with convertible and renewable terms. It also has educational planning and long-term care services. Plan with Phil is operated by Phillip Chin, who has been in the assurance industry for over a decade. He aims to educate consumers on the nitty-gritty details of life insurance.

  • Life Insurance

Best Life Insurance Companies Serving New York
New York

Expertise.com Rating

Review Sources

Facebook
4.9 (48)
Google
5.0 (3)

Why choose this provider?

Combs & Company is an insurance brokerage that serves New York-based clients, including families, individuals, and business owners from the financial, entertainment, and hospitality sectors. Since 2005, the agency has been offering life, private aircraft, disability, individual health, and travel insurance. It compares and shops policies from multiple carriers, including My Savoy Benefits, Nationwide, VSP Vision Care, and International Medical Group, to provide tailored insurance packages. Combs & Company has been featured in Fox Business and Entrepreneur Magazine.

  • Health Insurance
  • Life Insurance

Best Life Insurance Companies Serving New York
New York

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

Bedford Insurance Brokerage, Inc., guides clients in managing financial risks in the event that the client becomes incapacitated or dies due to an accident. It offers life insurance products to affluent individuals and families in New York, helping them secure funding for their beneficiaries' needs. Besides life, its advisors specialize in assessing, mitigating, and managing risks for homes, automobiles, arts, jewelry, and yachts. The firm provides insurance solutions to over 28 members of the Forbes 400.

  • Group Plans

Best Life Insurance Companies Serving New York
New York

Expertise.com Rating

Review Sources

Google
5.0 (2)
Yelp
5.0 (2)

Why choose this provider?

C&A Insurance Agency, Inc., was founded in 1985 by Cambodian settler Robert Luong to serve the insurance needs of New York's immigrant and non-English speaking communities. It works with a number of providers, such as NationalGeneral, AIG, Progressive, ShelterPoint, and UnitedHealthcare, to provide clients with life insurance policies that are tailored to their specific needs. The company also carries homeowners, business, auto, and health insurance products. C&A Insurance Agency has employees who speak Cambodian, Vietnamese, Mandarin, Cantonese, and Toechew Chinese.

  • Life Insurance

Best Life Insurance Companies Serving New York
New York

Why choose this provider?

Margolis & Associates deals with clients across New York. The agency prepares life insurance policies for individuals seeking to cover funeral expenses, manage future college expenses, or replace lost income. It provides options like permanent and term life insurance. The agency also sets up policies that help clients cover medical-related costs during trips abroad. It represents a range of insurance providers, from UnitedHealthcare to Cigna. The team at Margolis & Associates has more than 40 years of combined industry experience.

  • Long Term Care
  • Life Insurance

Best Life Insurance Companies Serving New York
New York

Expertise.com Rating

Review Sources

Facebook
5.0 (8)

Why choose this provider?

VSV Insurance Agency delivers insurance and financial solutions to the people of New York. With more than five years of industry experience, Viktoriia Strange-Vitkovska leads the company in helping families protect their loved ones by providing life insurance policies through NYLIFE Securities LLC. Strange-Vitkovska assists clients in determining the insurance policy to choose from whole life, term life, universal, and variable options. She also offers mortgage life insurance policies, which pay off mortgage debts in the event of the borrower's death.

  • Individual Plans

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Cedar Hill Financial Group, LLC
New York, NYContact Us
Plan with Phil
349 5th Ave, New York, NY 10016
Combs & Company
234 Fifth Ave, Ste 501, New York, NY 10001
Bedford Insurance Brokerage, Inc.
45 Rockefeller Plaza 20th Floor, New York, NY 10111
C&A Insurance Agency, Inc.
41 Elizabeth Street, Suite 300, New York, NY 10013
Margolis & Associates
118 East 28th Street Suite 704, New York, NY 10016
VSV Insurance Agency
390 Berry Street 4th floor, New York, NY 11249

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New York Life Insurance FAQs

  • How can New York State residents purchase individual life insurance?

    Individual life insurance can be purchased in a variety of ways in New York, including through insurance companies via agents or brokers, through mail services, or online. Furthermore, banks and other financial institutions offer life insurance policies, and fraternal benefit organizations offer life insurance to their members. Life insurance may also be available as part of an employee benefits package.

  • What are the three underlying concepts that determine the premium rate for a life insurance policy in the state of New York?

    In New York, the premium rate for a life insurance policy is calculated using the concepts of mortality, interest, and expenses. Carriers use mortality tables to forecast annual expenses for death claims. The second component is the interest income generated from investments in assets such as bonds, stocks, or real estate using policyholder premiums. The third concept refers to the insurance company's operational costs, which include rent and legal fees.

  • What measures does the state of New York employ to safeguard the interests of life insurance policyholders in case an insurance company declares bankruptcy?

    When an insurance company becomes insolvent, the Life Insurance Guaranty Corporation of New York steps in. It assists policyholders who have outstanding claims with the bankrupt insurer by distributing funds of up to $500,000 to them. The organization can also assist policyholders in transferring their insurance policies to more financially secure insurance providers.

  • How much life insurance do New York State residents need?

    Many New York state financial advisors recommend purchasing a life insurance policy that provides beneficiaries with coverage that ranges from 10 to 20 times the policyholders' average annual income. This equates to $1,292,900 to $2,585,800. It may also be prudent for policyholders to purchase supplemental life insurance to cover expenses such as mortgage payments, children's educational needs, and the costs associated with bereavement therapy for their spouses and children.

  • How many days do life insurance companies in New York State have to settle life insurance claims?

    In the state of New York, insurance companies are required to pay out benefits to beneficiaries within 30 days of filing a life insurance claim. Beneficiaries must provide proof of the insured person's death before receiving death benefits. If the insurer fails to pay the beneficiary on time, interest will accumulate in the beneficiary's account. Additional fees and penalties may also be imposed on the carrier.