Title: New York Life

Essay Details

Subject: Business
Author: Jonathan M
Date: July 21, 2013
Level: University
Grade: B
Length: 3 / 713
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Professional agents, excellent customer service, strategic financial practices, and offering original products to policyholders are the ingredients that have kept New York Life a thriving mutual insurance company. According to New York Life’s CEO Sy Sternberg, being a mutual life insurance company means that the company can provide for its policyholders in the long-run, unlike an investment life insurance company (www...

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In addition to its nearly $169 billion in consolidated assets, New York Life holds a well-diversified portfolio, and receives some of the highest ratings for financial strength from the life insurance industry’s rating agencies (www.newyorklife.com). Most of New York Life’s assets are invested in fixed securities that have investment grade ratings by the National Association of Insurance Commissioners (www...

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