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Essay on New York Life, Inc
New York Life Insurance Company, a Fortune 100 company, is one of the largest financial institutions in the United States and the world. Founded in 1845 and headquartered in New York City, New York Life concentrates on insurance and financial services. It has been in the Big Apple since it was just a tiny seed. The company (the top mutual life insurer in the US) is adding products but retaining its core business: life insurance and annuities. New York Life has added such products and services as mutual funds for individuals. It also offers its investment management services to institutional investors. Other lines of business include long-term care insurance and special group policies sold through AARP and other affinity groups or professional associations. The company, through New York Life International, is also reaching out geographically, targeting areas where the life insurance market is not yet mature. The privacy of your personal information is important, that's why the New York Life knows how to protect your privacy and the measures safeguard your information.
In 1998 New York Life International Inc., a Fortune 100 company, had total revenues amounting to almost US $ 20 billion, and was rated the number one provider of new life insurance policies in the United States. In the same year, New York Life was also the leader in insurance sales to the growing Indian community in the Unites States. New York Life with several comprehensive business benefits including increased user productivity, modernization of new business processes and workflow paths, an enhanced customer-centric environment, and reduced time to market for new products. (MELISSA BLOCK, 2004)
The primary responsibility of a mutual insurance company is to ensure that the long-term benefits promised to its policyholders are secure and protected. By remaining a mutual, New York Life can continue to manage for the long term....
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