Whole Life Insurance | New York Life

1 Guarantees of the policy are based on the claims-paying ability of the issuer.

2 Accessing the cash value of a Whole Life policy will reduce the available cash surrender value and the death benefit. 

*Accessing the cash value of the policy will reduce the available cash surrender value and death benefit. 

The policy form number for the New York Life Whole Life series of products is ICC18217-50P (4/18), Accidental Death Benefit: ICC17217-200R; Disability Waiver of Premium: ICC17217-225R; Living Benefits: ICC17217-495R; Chronic Care Rider: ICC17217-485R; Option to Purchase Paid-Up Additions:ICC17217-330R; SMRU: 1798027

**Optional rider available at an additional charge. 

***This rider is available to insureds ages 0 through 59. In Maryland and Montana, this rider is not available until the insured has reached his or her fifth birthday. The benefits of this rider depend in part on when disability occurs in relation to age 60.

****The Chronic Care Rider is not available in California. Receipt of accelerated death benefits may affect eligibility for public assistance programs and may have income tax consequences. You should consult your tax advisor regarding your circumstances.  This is a life insurance rider providing for an accelerated payment of the base policy face amount in the event that you are certified chronically ill as described in the policy.

*****Various states have established different life expectancy periods once a terminal illness is diagnosed. There are maximum benefit levels set for this rider. A charge is applied when the rider is exercised. Your agent can provide more specific information. Receipt of accelerated death benefits may affect eligibility for public assistance programs and may be taxable. You should consult your tax advisor regarding your circumstances.