The Macro Asset Perspective ... Mark Sims is an agent licensed to sell insurance through New York Life Insurance Company and may be licensed with various other independent unaffiliated insurance companies in the states of WA and MI. Eagle investment adviser representatives (IARs) act solely in their capacity as insurance agents of New York Life, its affiliates, or other unaffiliated insurance carriers when recommending insurance products and as registered representatives when recommending securities through NYLIFE Securities LLC (member FINRA/SIPC), an affiliated registered broker-dealer and licensed insurance agency. Massachusetts Mutual Life Insurance Company View Total Assets Insurance North America 24. Try our corporate solution for free! [9] The board of trustees voted to end the sale of insurance policies on slaves in 1848. Although it has been selling conventional whole life policies for more than a century, MONY has accounted for several industry innovations. Of course, there is one sure way to avoid market risk—just don’t invest. Despite the fact that 96% of the world’s population (generating 75% of the world’s GDP)1 live outside the U.S., our financial vision tends not to extend past our shores. [25] Through Seguros Monterrey New York Life, the company offers insurance in Mexico. Eagle investment adviser representatives (IARs) act solely in their capacity as insurance agents of New York Life, its affiliates, or other unaffiliated insurance carriers when recommending insurance products and as registered representatives when recommending securities through NYLIFE Securities LLC (member FINRA/SIPC), an affiliated registered broker-dealer and licensed insurance agency. It has provided its policyholders with financial security and investment opportunities since 1841. [23][24] New York Life also sells term life insurance, universal life insurance, variable universal life insurance, long-term care insurance and annuities. Asset Flex is a universal life insurance policy that allows acceleration of life insurance for long-term care services as well as an additional pool of long-term care benefits, … Eagle Strategies LLC (Eagle) is an SEC-registered investment adviser. [26], New York Life's core product is whole life insurance, a type of life insurance offering lifelong protection that builds cash value over time. Receive resources & tools that can help you prepare for the future. But if that 60% stock allocation is invested solely in large cap U.S. tech stocks without broad exposure to other sectors (e.g., consumer cyclicals, energy, financials, small caps, etc.) New York Life Insurance Company operates as an insurance company. 23. [16] Later that year, New York Life's assets survived the stock market crash; state regulation and company investing policy had led New York Life to invest in government bonds and real estate, not common stocks. [21], Following the 2013 acquisition of Dexia Asset Management, later renamed Candriam Investors Group, New York Life Investments became one of the largest asset managers worldwide, with access to markets in Europe, Asia and Australia, in addition to the United States. Even when there’s a broad-based global economic expansion underway, certain countries, sectors, and asset classes will significantly outperform others. It’s important, however, to not just diversify across the various asset classes, but also globally (75% of the world’s GDP is generated outside the U.S.).1. In 2007, NYLIC achieved the best possible ratings by the four independent rating companies (Standard & Poor's, AM Best, Moody's and Fit… One-year, large cap stocks might lead the way; the next, high yield bonds; and the year after that, foreign stocks. [9][10] Originally chartered in 1841, the company also sold fire and marine insurance. Whatever life brings, we want you to be prepared. A 60-year-old buyer paying a single premium of $100,000 for an Asset Flex policy has access to as much as $461,695 for covered LTC services and/or $153,899 in life insurance protection, NY Life … [11] The company's first president, James De Peyster Ogden, was appointed in 1845. In contrast, diversification describes the spreading of your assets across the various asset classes within each of those three allocation buckets to further reduce risk. Assets under management includes the assets of the investment advisors affiliated with New York Life Insurance Company. New York Life Insurance Company (NYLIC) is the third-largest life insurance company in the United States, the largest mutual life insurance company in the United States and is ranked #71 on the 2019 Fortune 500 list of the largest United States corporations by total revenue. By 1847 these accounted for one‑third of New York Life's policies. 1 A leading provider of stable value products for over 35 years, New York Life currently manages more than $2 5 billion in stable value assets. In December New York Life Insurance entered into a $6.3 billion deal to acquire Cigna’s group life and disability insurance business. Regardless of your chosen asset allocation, the more diversified your portfolio, the more predictable and less volatile your returns. [16] In the late 1990s and early 2000s, as other mutual life insurance companies became publicly traded corporations, New York Life remained a mutual company. As Americans, we sometimes fall into the trap of being too parochial and provincial when it comes to the world of investing. Late 1800s, the company moved into the 34-story skyscraper in 1929 it comes to investing in United. For one‑third of New York Life ranks No in 1957, New Life... 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