Expertise.com

Best Life Insurance Companies in New York

2023

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Website
390 Berry Street 4th floor, New York, NY 11249
  • Individual Plans

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (8)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
45 Rockefeller Plaza 20th Floor, New York, NY 10111
  • Group Plans

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
41 Elizabeth Street, Suite 300, New York, NY 10013
  • Life Insurance

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)
Yelp
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
875 Avenue of the Americas, Suite 1010, New York, NY 10001
  • Long Term Care
  • Life Insurance

Why choose this provider?

Cambridge provides New York residents with personal and commercial insurance solutions. These solutions include term or universal life insurance, auto policies, and industry-specific coverage plans for entities like art galleries and non-profit organizations. Its staff also performs policy reviews, helping current clients update their coverage according to their changing circumstances. CEO and managing partner Arthur Grutt has over a decade of industry experience and holds a Certified Employee Benefit Specialist designation. He also delivered lectures on insurance-related topics at the Group Underwriters Association of America.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
118 East 28th Street Suite 704, New York, NY 10016
  • Long Term Care
  • Life Insurance

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Website
234 Fifth Ave, Ste 501, New York, NY 10001
  • Health Insurance
  • Life Insurance

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Facebook
4.7 / 5 (34)
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
1617 3rd Avenue # 286272, New York, NY 10128
  • Health Insurance
  • Life Insurance

Why choose this provider?

Term & Whole Life NYC assists first-time life insurance buyers and those with expiring policies. It guides clients in analyzing different policies and comparing their advantages and disadvantages, intending to help them make informed decisions. Among the products it offers are fixed and lifelong terms. One of its agents, Patrick Williams, has been assessing products and providing insurance advisory for over 40 years. He represents a variety of carriers, including Transamerica, Prudential, Mutual of Omaha, AIG, Banner, and Lincoln Financial.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
349 5th Ave, New York, NY 10016
  • Life Insurance

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (8)
Google
4.9 / 5 (7)
Yelp
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.3
Responsiveness
Friendliness
Helpfulness
Detail
––

Frequently Asked Questions

  • 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.

  • How does life insurance work?

    The details of how life insurance works depend on your individual plan, but the basics are as follows: 

    • You pay a premium to purchase the insurance. Typically the premium is paid monthly, but it could be rolled into quarterly, bi-annual, or annual payments. 
    • As long as you are meeting or have met premium obligations, if you pass away, the insurance company makes the agreed-upon payment to the beneficiaries you designated. 
    • Beneficiaries usually have to provide the insurance company with a death certificate to receive their payments.
  • How much is life insurance?

    The cost of life insurance ranges widely. Term life insurance can cost as little as a few dollars a day, and whole life insurance can cost thousands per month on the high end. Factors that impact the cost of your life insurance include whether you're choosing term life insurance or whole life insurance, your age, how much coverage you want, your overall health, and your gender.

  • Is life insurance taxable?

    Life insurance proceeds are the funds paid via your plan to your beneficiaries if you pass away. These are also called death benefits. Typically, these are not considered income for taxes. If you take out cash value from a whole life insurance investment and the amount exceeds how much you paid in premiums, the difference may be considered taxable income.


  • Can I buy health insurance that is not Obamacare?

    When people say "Obamacare insurance," they typically mean insurance within the health insurance marketplace. You can get health insurance outside of the marketplace by going through your employer, choosing COBRA coverage if you leave your job, or buying a short-term health insurance policy through an insurance agent. ACA-compliant plans meet all the benefits and coverage requirements of the Affordable Care Act. But you may be able to find supplemental or short-term coverage that simply provides peace of mind for major medical expenses.

  • Can I buy health insurance anytime?

    To buy health insurance in the marketplace, you must purchase it within open or special enrollment periods. But you can purchase short-term coverage to bridge the gap between now and the next open enrollment period. These plans are meant to be used for less than a year. You can purchase them online or via insurance agents, but they may not be ACA-compliant.