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2024

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Best Life Insurance Companies in New York, NY

Our Recommended Top 17

We did the research for you!

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  • User Reviews
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Our goal is to connect people with the best local professionals. We scored New York City 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.

372721Reviewed

223639Curated

17Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

110 Wall St Fl 3, New York, NY 10005

Expertise.com Rating

Why choose this provider?

Safe Policies Insurance offers comprehensive personal and group health insurance solutions. The independent health insurance company in New York partners with more than 30 top-tier carriers to deliver the coverage its clients require. It represents individuals as well as multinational companies with more than 100 employees. Safe Policies Insurance agents evaluate each situation to provide HMO, PPO, FFS, or POS policies and supplemental plans, such as Medicare, dental, vision, and disability.

1501 Broadway Ste 2907, New York, NY 10036

Expertise.com Rating

Review Sources

Yelp
5.0 (1)

Why choose this provider?

Located in Times Square, BQ of New York Inc. is a life and health insurance company in New York, serving Asian-American communities since 2002. The agency employs agents nationwide, each trained to source policies from multiple carriers and provide expert advice on coverage needs and additional financial services. The agency is a pioneer in the Chinese Life Brokerage market. It can also support all annuity business services for clients throughout the Northeast.

122 East 42nd Street, New York, NY 10168
WebsiteLicense: 641078

Expertise.com Rating

Review Sources

Facebook
5.0 (4)

Why choose this provider?

Founded by Fortunato Foa in 1861, Foa & Son is a New York City-based insurance brokerage firm that serves clients in various locations nationwide. It assists business owners in providing employee benefits, which include life and health insurance, as well as retirement plans. It also crafts commercial insurance policies that suit the needs of the clients. Its chairman, Conrad Foa, has served as the Director and President of the Insurance Brokers Association of the State of New York.

  • Life Insurance
  • Health Insurance

244 5th Ave Ste 2086, New York, NY 10001

Expertise.com Rating

Review Sources

Yelp
5.0 (22)
Facebook
3.5 (4)

Why choose this provider?

Great World Insurance Agency LLC is an independent life insurance company in New York. Its agents have plenty of experience arranging a variety of life insurance programs to meet any need, from covering funeral expenses and protecting mortgages to funding college tuition and generating income in retirement. The agency also develops Medicare supplement plans for the over-65s. Its agents have access to the policies of many of the biggest insurance carriers, including Progressive and The Hartford.

PO Box 4995, New York, NY 10185
WebsiteLicense: 718733

Expertise.com Rating

Review Sources

Google
3.8 (17)

Why choose this provider?

Steven Leiner serves New York City and the neighboring areas. He is an independent insurance agent under Security Mutual Life that helps policyholders shop for insurance products that protect their loved ones. He offers many types of life insurance, including whole, term, universal, and survivorship. Leiner personally meets with clients, addresses their concerns, and guides them in making well-informed decisions in choosing coverage plans tailored to their needs. He is a member of Security Mutual's TopFlight Group.

  • Life Insurance

365 Bridge Street, Brooklyn, NY 11201
WebsiteLicense: 606125

Expertise.com Rating

Why choose this provider?

Summit Coverages, Ltd, is an independent insurance agency in New York City. Since 1979, the company has provided clients with various insurance products. These include life insurance products, specifically term life insurance and whole life insurance. The company has access to multiple life insurance carriers. Agents study insurance products in the marketplace and find coverage that meets their clients' criteria. Summit Coverages has decades of experience handling multiple policies, dealing with companies, and complying with laws and guidelines.

  • Life Insurance

155 E 44th St Fl 12, New York, NY 10017

Expertise.com Rating

Why choose this provider?

Michael Pechersky CFA is a financial and investment advisor with the multi-award-winning Barnum Financial Group. Since 2001, Mr. Pechersky has been licensed to offer financial products and services in New York, which includes customized life, health, and disability insurance plans provided by major insurance companies, including MetLife and The Hartford. Mr. Perchersky can develop tailored programs such as policies that offer tax-deferred asset protection, make charitable donations upon the policyholder's death, and replace income on retirement.

41 Reeve Place, Brooklyn, NY 11218
WebsiteLicense: 865560

Expertise.com Rating

Why choose this provider?

Jimco Associates Inc is an insurance agency that serves clients in New York City. It specializes in group life insurance, group health insurance, medicare, voluntary benefits, and property & casualty for companies in the tri-state area. It also offers consultations to identify the client's needs, determine the scope of their goals and its financial capacities. Owner James Cosares founded the company in 1995. For over 26 years, he has helped entrepreneurs in understanding the risks and benefits of various employee insurance options.

  • Life Insurance
  • Health Insurance
  • Group Plans

120 Broadway, 37th Floor, New York, NY 10271
WebsiteLicense: 1600351

Expertise.com Rating

Why choose this provider?

Silver Lining Insurance is an independent agency that has been serving clients in New York City and the surrounding areas for more than three decades. It offers term and permanent life insurance policies. It also provides special needs and retirement planning services. The company customizes personal umbrella, auto, and homeowners' insurance options. Commercial property, workers' compensation, and general liability insurance solutions are available for businesses. President and CEO Michael M. Silverman holds Chartered Life Underwriter, Certified Insurance Counselor, and Chartered Financial Consultant designations.

  • Life Insurance

60 E 42nd St Ste 1050, New York, NY 10165

Expertise.com Rating

Why choose this provider?

The DiPaola Financial Group is an independent financial services and life insurance agency in New York that represents some of the biggest insurance companies in the U.S., such as National Life of Vermont and Ameritas. Its agents develop programs that cover an array of purposes, such as paying off mortgages and providing retirement incomes. The agency also offers long-term care plans and various health insurance policies for individuals and groups.

45-04 30th Avenue, Queens, NY 11103
WebsiteLicense: 1053913

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Review Sources

Facebook
4.0 (18)
Google
5.0 (3)

Why choose this provider?

Reliance Insurance Agency, Inc. is a life insurance advisor servicing clients in New York City. The firm connects clients to insurance carriers offering term policies lasting from one to 30 years and permanent policies such as traditional universal life, whole life, and variable universal life. Clients will be guided by agents through every policy so that they can select the one suitable to their unique needs and objectives. Other personal insurance options provided by the company are flood insurance, personal umbrella insurance, homeowners insurance, and renters insurance.

  • Life Insurance
  • Health Insurance

330 Park Ave S, New York, NY 10010

Expertise.com Rating

Review Sources

Yelp
3.5 (11)

Why choose this provider?

Fidelity Investments is an international financial services and life insurance agency in New York. It offers a wide variety of services and programs to manage wealth, generate income, and protect assets. Its term, universal, and hybrid life insurance policies are suitable for an array of purposes, such as sending children and grandchildren to college, paying for long-term care while still protecting retirement income, and transferring wealth to family and loved ones.

PO Box 301087, Jamaica, NY 11430

Expertise.com Rating

Review Sources

Yelp
5.0 (22)
Facebook
4.9 (14)

Why choose this provider?

Exquisite Probiz LLC is an independent financial services agency that serves individuals and small businesses in New York. Although the agency prioritizes its tax services, it does offer life insurance policies and long-term care plans. Its agents can customize plans for various purposes, such as mortgage protection, wealth management, and funeral expenses. Exquisite Probiz LLC also supports immigrants establishing themselves in the United States, offering citizenship and Green card services.

150-49 Hillside Avenue, Queens, NY 11432
WebsiteLicense: 813694

Expertise.com Rating

Review Sources

Google
4.9 (158)
Facebook
5.0 (13)
Yelp
4.0 (9)

Why choose this provider?

Colleen Donahue is an insurance agent connected with StateFarm that serves New York City and the surrounding areas. She is a second-generation agent that carries on her father's legacy. She offers life insurance coverage, including term life, whole life, and universal life policies. She also offers auto, home, property, and business insurance products. Outside of work, Colleen enjoys giving back to the community through charity work and financial support. She supports several organizations like The National MS Society, Cancer Society, City Harvest, and DonorsChoose.org.

  • Life Insurance
  • Health Insurance
  • Whole Life Insurance

10521 Metropolitan Ave, Forest Hills, NY 11375

Expertise.com Rating

Review Sources

Yelp
4.0 (22)
Facebook
5.0 (5)

Why choose this provider?

The PWG Insurance Agency is an independent brokerage with more than 20 years of experience selling and maintaining a variety of insurance products for individuals and businesses in New York. Its life and health policies can be tailored for individuals and groups. The life plans include whole life, universal life, and term life, while the health plans can fund an array of circumstances, such as hospital confinement, major surgery, and long-term home care.

1 Sunrise Plz, Valley Stream, NY 11580

Expertise.com Rating

Review Sources

Google
4.9 (263)
Facebook
4.9 (86)

Why choose this provider?

Founded in 1974, Grober Imbey Agency Inc. is a family-owned independent insurance agency from New York that operates throughout the Greater Tri-State Region. It's built strong relationships with more than 20 major insurance carriers, enabling its licensed agents to offer clients a wide choice of life and health insurance products. These include policies aimed at individuals, dental insurance, health savings accounts, and long-term care plans. The agency also offers group life and health benefits packages for business customers.

420 Lexington Ave Fl 15, New York, NY 10170

Expertise.com Rating

Why choose this provider?

Alex Mason is a licensed insurance agent in New York for New York Life that serves clients throughout the area. The coverage specialist helps individuals choose a whole life insurance policy that fits their financial situation and meets their family's future needs. This coverage has a cash value that clients can access through policy loans as a retirement supplement as their protection needs decrease. Alex Mason also offers long-term care insurance policies.

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Safe Policies Insurance
110 Wall St Fl 3, New York, NY 10005
BQ of New York, Inc.
1501 Broadway Ste 2907, New York, NY 10036
Foa & Son
122 East 42nd Street, New York, NY 10168
Great World Insurance Agency, LLC
244 5th Ave Ste 2086, New York, NY 10001
Steven Leiner
PO Box 4995, New York, NY 10185
Summit Coverages, Ltd
365 Bridge Street, Brooklyn, NY 11201
Michael Pechersky - Barnum Financial Group
155 E 44th St Fl 12, New York, NY 10017
Jimco Associates Inc
41 Reeve Place, Brooklyn, NY 11218
Silver Lining Insurance
120 Broadway, 37th Floor, New York, NY 10271
DiPaola Financial Group
60 E 42nd St Ste 1050, New York, NY 10165
Reliance Insurance Agency, Inc.
45-04 30th Avenue, Queens, NY 11103
Fidelity Investments
330 Park Ave S, New York, NY 10010
Exquisite Probiz LLC
PO Box 301087, Jamaica, NY 11430
Colleen Donahue
150-49 Hillside Avenue, Queens, NY 11432
PWG Insurance Agency
10521 Metropolitan Ave, Forest Hills, NY 11375
Grober Imbey Agency, inc.
1 Sunrise Plz, Valley Stream, NY 11580
Alex Mason
420 Lexington Ave Fl 15, New York, NY 10170

FAQs

  • When can you not consider having life insurance in New York City?

    If you are single and living alone in New York City, and you have enough savings for your future, you may consider not having life insurance. You can also forgo this type of insurance if you have no outstanding debts, and your family members do not need your financial support.

  • Does your lifestyle affect your life insurance premiums in New York City?

    Yes, one of the factors that affect life insurance premiums in New York City is an individual's lifestyle. If you maintain a good health condition and healthy lifestyle, your life insurance premium might be cheaper. However, if you have existing medical conditions and use products that contain nicotine, you will pay higher insurance costs.

  • In New York City, can you cancel your life insurance policy anytime?

    It depends on the situation. If your life insurance contract allows you to cancel your policy anytime, then it is fine. However, some insurance carriers in New York City require policyholders to finish a specific period prior to canceling the policy. Individuals who cancel their plans within a certain period may face penalties or charges.

  • How long do beneficiaries receive life insurance payouts in New York City?

    In New York City, beneficiaries may receive their life insurance payouts within 14 to 60 days. Individuals or family members are encouraged to process their claims as soon as possible for faster claims process. However, if there is inaccurate or wrong information regarding the policyholder or missing documents, the payout might be delayed.

  • Can minor children be named as life insurance beneficiaries in New York City?

    Children under 18 years old can be named as life insurance beneficiaries in New York City, however, the court may need to appoint a guardian or adult custodian who will manage their funds in case of policyholders' unexpected death. When minor children reach the legal age, they can start assessing their benefits.

  • Which is better, term or whole life insurance?

    Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

  • How much life insurance do I need?

    A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.

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