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2024

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Best Life Insurance Companies in Yonkers, NY

Our Recommended Top 13

We did the research for you!

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Our goal is to connect people with the best local professionals. We scored Yonkers 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.

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13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1 Maynard Drive, Park Ridge, NJ 07656

Expertise.com Rating

Review Sources

Facebook
5.0 (1)

Why choose this provider?

Daniel S. O'Brien has been a financial representative for the Northwestern Mutual financial network since 1992. He offers various insurance products to individuals and families in and around the Yonkers metro. He helps clients understand the different types of life insurance policies and assists them in determining which one best suits their needs and lifestyle. As a wealth management advisor, O'Brien also has a strong focus on estate, financial, and retirement planning and provides investment products and services.

  • Term Life Insurance
  • Long Term Care
  • Life Insurance

21 Grand Avenue, Palisades Park, NJ 07650
WebsiteLicense: 1150411

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Review Sources

Facebook
5.0 (2)
Yelp
4.0 (2)

Why choose this provider?

Serving Yonkers, Seins Agency LLC is an independent insurance agency providing services to individuals and businesses in the metro. It offers life insurance products including term life insurance and whole life insurance. The company also provides property insurance options such as home insurance, building insurance, and tenant insurance. Other services include auto insurance, motorcycle insurance, business insurance, workers’ compensation insurance, and flood insurance. Established in 2005, Seins Agency strives to be a one-stop shop for clients' insurance-related needs.

  • Life Insurance

210 Summit Avenue Bldg C, Montvale, NJ 07645

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Why choose this provider?

Bergen Brokerage, Inc., is an insurance service provider located in Montvale. Serving clients throughout Yonkers and its neighboring communities, the company offers various personal insurance products. It offers an array of life insurance policies, including term life, universal life, and whole life insurance policies. Its team guides clients in selecting the right type of policy according to their needs. Bergen Brokerage is a family-owned and family-operated business that has been serving clients for more than four decades.

  • Life Insurance

72 North Broadway, Nyack, NY 10960
WebsiteLicense: 1096975

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Review Sources

Facebook
5.0 (5)

Why choose this provider?

Located in Nyack, A&M Insurance Agency Inc is an independent insurance agency serving clients in Yonkers and the nearby areas. The agency represents different companies and helps clients source life insurance policies based on their needs and goals. It provides assistance with term life, universal, and whole life insurance—plans that can provide income for beneficiaries, cover final expenses or estate taxes, bestow inheritance, or contribute to charitable organizations. A&M Insurance Agency Inc has been doing business in New York since 1988.

  • Life Insurance

500 Summit Lake Drive, Valhalla, NY 10595
WebsiteLicense: 784906

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Review Sources

Google
5.0 (5)
Facebook
5.0 (3)

Why choose this provider?

Westchester Benefit Group Inc. is an insurance and financial advisory firm serving Yonkers and surrounding areas. Over the last three decades, it has been providing wealth management services for a diverse range of clients, including business owners, executives, professionals, and families. Specifically, it helps business owners in managing benefits packages for their employees and individuals in finding the life insurance policy suitable for their needs. The types of life insurance available are term life, universal life, and whole life insurance.

  • Life Insurance
  • Health Insurance
  • Whole Life Insurance

4 Executive Boulevard, Suffern, NY 10901
WebsiteLicense: 644418

Expertise.com Rating

Why choose this provider?

Chestnut Investment Group provides life insurance services to clients in Yonkers. Its staff members guide individuals and their families in insurance planning by evaluating and identifying their financial needs. These insurance products include second-to-die, long-term healthcare, individual and group disability, and deferred compensation agreements. Additionally, the company specializes in estate planning, asset management, tax services, legal counseling, and securities trading. Founded in 1989, Chestnut Investment Group also consults individuals for their pensions and retirement plans.

  • Life Insurance
  • Long Term Care

24 South Broadway, Tarrytown, NY 10591
WebsiteLicense: 741415

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Review Sources

Google
4.0 (14)
Facebook
5.0 (6)
Yelp
3.0 (4)

Why choose this provider?

Allan Block Insurance is an agency that serves Yonkers and the nearby areas. It was founded over 62 years ago by Allan M. Block and is now headed by company president JoAnne Murray. Allan Block Insurance offers policies such as life, disability, group health, and long-term care insurance for individual and business clients. It also offers traditional products like personal insurance and business insurance. Cyber insurance services are also available for businesses that need protection from hackers and cybercriminals.

  • Life Insurance
  • Long Term Care

321 South Riverside Avenue, Croton-on-Hudson, NY 10520
WebsiteLicense: 625612

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Review Sources

Facebook
5.0 (1)
Yelp
5.0 (1)

Why choose this provider?

Established in 1864, Marshall & Sterling is a privately owned insurance agency that serves clients in Yonkers and the surrounding areas. The full-service agency is employee-owned, and it works with more than 200 insurance carriers in the USA and Lloyd's of London. It offers a wide array of insurance coverage and options, including whole life insurance, universal life insurance, and variable life insurance. The agency supports charities and organizations, such as Putnam Humane Society and American Cancer Society.

  • Life Insurance

4734 White Plains Road, Bronx, NY 10470
WebsiteLicense: 1484738

Expertise.com Rating

Review Sources

Google
5.0 (174)
Yelp
5.0 (1)

Why choose this provider?

Traci Menes is an insurance agent at State Farm Insurance, a multi-line insurance provider serving clients in Yonkers and nearby localities. Menes helps individuals and families find the right life insurance policy that can protect their loved ones against unforeseen tragedies. She represents a variety of insurance providers that offer term life, whole life, and universal life coverage. Other insurance products she handles include auto, home, health, and business insurance. Menes and her team possess over 30 years of combined experience in the insurance business.

  • Life Insurance
  • Health Insurance

906 South Street, Peekskill, NY 10566
WebsiteLicense: 773896

Expertise.com Rating

Review Sources

Facebook
5.0 (2)

Why choose this provider?

In the Yonkers metropolitan region, Charles Newman Co is an insurance agency. The company is a full-service employee benefits broker specializing in individual and business owner insurance and HR and compliance support to help its customers analyze their risks and propose areas for improvement. Their packages also include individual insurances such as long-term care, disability, life insurance, and succession planning, which assists customers in creating safety plans. The agency also participates in non-profit organizations like Caring for the Hungry and Homeless of Peekskill.

  • Life Insurance
  • Long Term Care

500 Mamaroneck Avenue, Harrison, NY 10528
WebsiteLicense: 1007269

Expertise.com Rating

Review Sources

Google
4.0 (2)
Facebook
5.0 (1)

Why choose this provider?

York International is an insurance broker that offers life insurance policies to customers in Yonkers and surrounding areas. The firm was founded in 1985, and it has an established high net worth personal and life insurance practices. It has a customized methodology to help customers find a suitable life insurance policy, focusing on plan design strategies, compliance, communication, financial analysis, and cost management. The Independent Insurance Agents and Brokers of America has awarded York International with the Best Practices Agency distinction for the past ten years in a row.

  • Life Insurance

922 Main Street, Peekskill, NY 10566
WebsiteLicense: 533020

Expertise.com Rating

Review Sources

Facebook
5.0 (37)
Yelp
2.0 (1)

Why choose this provider?

Kyle Rourke is an insurance agent that lends his expertise to individuals in Yonkers and nearby areas. Kyle offers life, home, and auto insurance options. He also provides public notary and financial services. His team is made up of professionals that have extensive experience in the insurance industry. He and his team are equipped to handle client concerns in English, Arabic, and Spanish. Kyle Rourke has State Farm insurance experience for over 15 years and has been an owner of an agency for over five years.

  • Life Insurance
  • Health Insurance

477 Ashford Avenue, Ardsley, NY 10502
WebsiteLicense: 869513

Expertise.com Rating

Review Sources

Facebook
4.0 (6)

Why choose this provider?

McCartney, Verrino & Rosenberry is an insurance agency that has been serving clients in Yonkers and the rest of New York for nearly a century. It has access to various personal and commercial lines from multiple carriers. The agency offers whole, term, and universal life insurance plans as well as individual and group health policies. Its business insurance plans include business owner’s policy and workers’ compensation. McCartney, Verrino & Rosenberry also extends its services to Connecticut. It works with providers such as Liberty Mutual, Hagerty, and Progressive.

  • Life Insurance
  • Health Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Daniel S. O'Brien, CFP, CLU
1 Maynard Drive, Park Ridge, NJ 07656
Seins Agency LLC
21 Grand Avenue, Palisades Park, NJ 07650
Bergen Brokerage Inc.
210 Summit Avenue Bldg C, Montvale, NJ 07645
A&M Insurance Agency Inc
72 North Broadway, Nyack, NY 10960
Westchester Benefit Group Inc.
500 Summit Lake Drive, Valhalla, NY 10595
Chestnut Investment Group
4 Executive Boulevard, Suffern, NY 10901
Allan Block Insurance
24 South Broadway, Tarrytown, NY 10591
Marshall & Sterling
321 South Riverside Avenue, Croton-on-Hudson, NY 10520
Traci Menes
4734 White Plains Road, Bronx, NY 10470
Charles Newman Co.
906 South Street, Peekskill, NY 10566
York International
500 Mamaroneck Avenue, Harrison, NY 10528
Kyle Rourke
922 Main Street, Peekskill, NY 10566
McCartney, Verrino & Rosenberry
477 Ashford Avenue, Ardsley, NY 10502

FAQs

  • Can you give life insurance as a gift to a minor in Yonkers?

    Gifting life insurance to children in Yonkers is possible, but this depends on the age of the child. According to New York law, you can gift a life insurance policy to minors over the age of 14 and six months. However, minors aged 14 years and six months old and below are prohibited from owning life insurance policies, but they may be beneficiaries. Adults planning to give life insurance as a gift may designate a custodian to receive, hold, and manage the policy until the minor reaches the age of majority.

  • Does legacy gifting of life insurance in Yonkers have tax advantages?

    As a life insurance policy owner in Yonkers, you have the freedom to choose who your beneficiaries will be, and you can name charities or nonprofit organizations as one of them. Note that there are no federal or state tax advantages when you add charities or nonprofit organizations as your life insurance beneficiary unless your estate is large enough to owe taxes. If you have a large estate and it owes taxes, it will be able to deduct from the cash value of the insurance plan or the total amount of premiums paid.

  • What does a cash value mean in a whole life insurance plan in Yonkers?

    A whole life insurance policy in Yonkers is a type of life insurance that protects the policy owner for life as long as they continue to pay their premiums or monthly payments to the insurance company. This type of insurance also comes with a cash value component. A cash value accumulates over time and can be withdrawn or borrowed. The amount increases every year on a schedule guaranteed by the insurance provider and can also grow from annual dividend payments if the plan is purchased from a mutual whole life insurance company.

  • Will the cash value of a whole life insurance policy in Yonkers be taxed?

    No, the cash value of a whole life insurance policy in Yonkers will not be taxed. This is called "tax deferred," wherein the money grows faster as it is not being taxed. As a result, the interest on the cash value is applied to a higher amount. The earnings in the cash value will only be taxed if the policy is surrendered, transferred for value, or if it ceases to meet the IRS definition of a life insurance contract. Beneficiaries also do not need to report the proceeds as gross income, but any interest received is taxable and should be reported.

  • Do beneficiaries of life insurance in Yonkers need to pay taxes?

    The death benefits of a life insurance policy in Yonkers are tax-free. Note that when a policyholder chooses to hold on to proceeds after their death and have them distributed to beneficiaries in a series of installments or at a later date, the funds are earning interest. When the payment is made to the beneficiary, there may be interest, or both principal and interest earned. The principal portion is tax-free, but the interest portion needs to be taxed as if it were ordinary income. Also, death benefits could be deemed taxable income if the ownership of the life insurance plan is transferred to another party before the original owner's death.

  • 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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