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Home > Life Insurance

Frequently Asked Questions About Life

Consult an Agent

• Account Login
• About New Related Tool
York Life
Access My P
Life Insurance FAQs
Life Insuranc
1. How do I take out a loan on my policy?
Loan Value is the amount of cash value that can be borrowed on a Retirement C
policy. A policyowner may be able to make a loan against the
cash value of the policy, based on the type of policy owned. A Glossary
loan allows access to the cash value of the policy, while still
maintaining the insurance coverage. When a loan is made against Related Artic
a policy, the death benefit is generally reduced by the amount of Frequently A
the loan plus any interest that is owed. Loan interest rates vary Life Insuranc
and specific provisions are generally explained in the policy
itself. Term or Perm

Generally, a policyowner can request a loan by calling a Service Understandin

Center. However, in certain instances, a loan form or written
request signed by the policyowner will be required. Please When You C
remember a policy loan accrues interest and will reduce the death Insurance Pre
benefit. A loan form or written request signed by the policyowner
must be sent to a Service Center if: What Are Di

o The policyowner requests that the loan check be Choosing to

sent to a temporary address. Your Policy P
o There is a change of address pending when the
loan is requested. Understandin
o The policy is company owned. Signatures of two Insurance Co
officers and their titles will be required for Policies
corporations and the sole proprietor's signature will be
required for sole proprietorships. What You Sh
o The proceeds of the loan are being transferred to Policy Loans
a bank.
o The policy has multiple owners. Beneficiary O
o The policy is owned by a trust.
• Fund Values o The policy is assigned.
• Planning Tools The Role of a
• Business Visit the Virtual Service Center to request a loan, or call us to Professional
Solutions request a loan through our Automated Voice Response System
• Sales Careers (IVR) or to speak to a Customer Service Representative. New York Li
• Corporate
Careers 2. How do I report a death?
• Life Events Upon the death of an insured, a Service Center, General Office, or
Sales Office must be contacted and advised of the name of the
insured, the date and cause of death, and the name, address, and
telephone number of the person who should be contacted. A
claimant's statement and additional information on how to file a
death claim is then sent to the appropriate person.

You can report a death via e–mail or for more information please
visit our Beneficiary Resource Center.
Share this A
3. Who is a Beneficiary? Bookmark
This is the person or other party designated to receive life Digg this
insurance or annuity proceeds upon the death of the insured. The
Save on D
beneficiary is named when a policy is taken out and can be
changed at the request of the policyowner. Reddit

A contingent beneficiary is the party designated to receive life

insurance policy proceeds if the primary beneficiary should die
before the person whose life is insured.

In order to change the beneficiary of a policy, the current

policyowner must fill out a form with the necessary information
and return it to the Service Center.

4. What is Income Tax Withholding?

Since the enactment of the Tax Equity and Fiscal Responsibility
Act of 1982 (TEFRA), New York Life has been required to
withhold Federal and sometimes State (depending on the state of
record of the policyowner) income taxes from certain taxable
distributions. Generally, payees are permitted to elect not to have
income taxes withheld from designated distributions.
5. What is Taxable Gain?
Under the tax law, certain distributions from life insurance
policies result in taxable income to the policyowner. If a
distribution is taxable, the amount the policyowner is taxed on is
limited to the "gain" in the policy, which generally equals the
policy's cash surrender value less the premiums paid. The
following distributions and other transactions may result in
taxable income to the policyowner: partial withdrawals, policy
• Financial Goals surrenders and lapses, and certain dividends. In addition, loans
• Security Center from policies that have been classified "modified endowment
• Contact Us contracts" may result in taxable income to the policyowner.
• 6. How do I access my account or policy information
online?
Visit the Virtual Service Center to view and service your policy
or account.
7. Why do I receive a "page cannot be displayed" error
when I attempt to access my Life Insurance or Annuity
account on the Virtual Service Center?
If you receive a "page cannot be displayed" error, there's a chance
your browser does not contain 128–bit encryption. For your
protection our service web site requires that your browser be 128
bit–encrypted. If your browser is not 128–bit encrypted you will
need to upgrade to a more secure browser.

If you are using Internet Explorer 5.0x or below you can check
the encryption level by selecting "Help" then "About Internet
Explorer" from the top toolbar. It should state: "Cipher Strength:
128–bit." If it states "Cipher Strength: 40–bit", you will need to
visit the Microsoft Web site to download a browser that is 128–
bit encrypted. The browser you download may vary based on
your operating system and must contain the proper system
requirements as specified by Microsoft.

If you are using Netscape 4.7x or below you can check the
encryption level by selecting "Help" then "About Netscape
(Communicator)" from the top toolbar. It should state in bold:
"This version supports U.S. security" which indicates it is 128–bit
encrypted. If it states "This version supports international
security", the browser only contains 40–bit encryption, and you
will need to visit the Netscape Web site to download a browser
that is 128–bit encrypted. The browser you download may vary
based on your operating system and must contain the proper
system requirements as specified by Netscape.

8. How can I find out if my deceased relative had life

insurance with New York Life?
Try our Unclaimed Funds Finder or contact a Customer Service
Representative by calling: (800) 695–4331 or email a rep by
clicking here.
9. How do I change a beneficiary?
Visit the Virtual Service Center to download a Change of
Beneficiary form. Click on the Service Form Library to select the
appropriate form for your state and policy.
10. I have changed my name, how do I update this
Personal Folder Login information?
Personalize To change the name on a policy, the current policy owner must
this site with a send a signed form, a written request, and a copy of a marriage
Personal Folder! certificate or other court document to the Service Center.
Why would I do
this? Visit the Virtual Service Center to download a Name Change
Request Form. Click on the Service Form Library to select the
appropriate form for your state and policy.

11. How can I update my home address?

Call (800) 695–4331 and provide the policy number and old and
new addresses or send a written request, which includes the same
information, or email a rep via the Virtual Service Center.
12. How can the ownership of a policy be changed?
To change the ownership of a policy, the current policyowner
must fill out a Transfer of Ownership/Designation of Successor
Owner form (obtained from the Service Center) and return it to
the Service Center.

Visit the Virtual Service Center to download a Transfer of

Ownership/Designation of Successor Owner Form. Click on the
Service Form Library to select the appropriate form for your state
and policy.

13. What are my different options for paying premiums?

There are several ways to pay your premiums:
o You can set up an automatic payment service by
signing up for Check-O-Matic; click here to sign up
o Call (800) 695–4331 to speak to a customer
representative
o Contact a service rep for the payment address and
information via email

Please note if you pay your premium other than annually, the total
premium paid each year will be more than the annual premium.

14. What is Check-O-Matic?

This is a mode of payment in which premiums are paid monthly
by deducting the money directly from a policyowner's bank
account. This can be initiated by filling out a Check-O-Matic (C–
O–M) Request Form with the necessary information and
returning it to the Service Center.

Any time it becomes necessary to change the bank information,

the policyowner must fill out a new form and return it to the
Service Center.
15. How do I change my banking information for my
Check-O-Matic payments?
The policy owner must fill out a new form previously obtained
from the Service Center with the necessary information and
return it to the Service Center.

Contact a Customer Service Representative by calling: (800)

695–4331 or email a rep by clicking here to request a form. You
can also download the form from the Virtual Service Center
forms library.

16. What is Cash Surrender Value?

This term refers to the amount payable to the permanent life
policy owner upon surrender of the policy. It is equal to the
current Cash Value, less any surrender charges that may apply,
any monthly contract charges, and any outstanding loans and
accrued interest.
17. What is Surrender Charge?
During the surrender charge period of a permanent life policy, an
amount of money that is deducted from a policy's Total
Accumulation Value if you:
o Surrender your policy
o Decrease the face amount of your policy
18. How can I obtain up to date unit values for my
various Investment Divisions?
Visit the Fund Values page to see the Accumulated Unit Values
for the funds in your policy.

You can also visit the Virtual Service Center daily to obtain
Accumulation Unit Values or call us at 1–800–598–2019 to
access our Automated Voice Response System (IVR).

19. What are Dividends?

For information on Dividends, please Click Here.
20. How do I change Dividend option on a Policy?
In order to change the dividend option on a policy, the
policyowner must send a signed, written request or fill out a form
with the necessary information and return it to the Service Center.
Generally, a policyowner can withdraw dividends from a policy
by calling a Service Center. However, in certain instances, a form
or written request signed by the policyowner will be required. A
dividend withdrawal form or written request signed by the
policyowner must be sent to a Service Center if:
o There is a change of address pending when the
dividend withdrawal is requested.
 o The policy is company owned. Signatures of two
officers and their titles will be required for
corporations and the sole proprietor's signature will be
required for sole proprietorships.
o The proceeds of a dividend withdrawal are being
transferred to a bank.
o The policy has multiple owners.
o The policy is owned by a trust.
o The policy is assigned.
21. How do I take out a loan on my policy?
Generally, a permanent life policy owner can request a loan by
calling a Service Center. However, in certain instances, a loan
form or written request signed by the policyowner will be
required. Please remember a policy loan accrues interest and will
reduce the death benefit.

Contact a Customer Service Representative by calling: (800)

695–4331 or email a rep by clicking here to request a loan and for
more details.

22. How do I cancel my policy?

Contact a Customer Service Representative by calling: (800)
695–4331 or email a rep by clicking here.
23. What should I do if I can't pay my premiums?
You should notify the service center right away. Contact a
Customer Service Representative by calling: (800) 695–4331 or
email a rep by clicking here. You may also want to read the
article, When You Can't Pay Your Insurance Premium.
24. How much life insurance do I need?
At no charge to you, a New York Life agent — professionally
trained and experienced — can help you analyze your needs and
recommend an appropriate amount of insurance to meet your
needs. Click here to request a no obligation review with a New
York Life agent.
25. How do I get a quote for life insurance?
Click here to request a no obligation review with a New York
Life agent.
26. How can I purchase Life Insurance?
The best thing to do is to consult an agent and he or she can help
you with your purchase.
27. How do I contact an agent?
Please use the consult an agent form, or our agent/office locator.
28. What is Whole Life Insurance?
This is life insurance that remains in force during the lifetime of
the insured, provided premiums are paid as specified in the
policy. Whole Life provides a guaranteed premium, a guaranteed
death benefit, and a guaranteed cash value. While a Whole Life
policy is in force you may take out a policy loan against the cash
value or receive the cash value (less any policy loans and
accumulated interest) should you need to surrender the policy. In
addition, a Whole Life policy can pay dividends, which may be
used to enhance both the death benefit and the cash value or may
be used to reduce your premium payment. Dividends are not
guaranteed and policy loans accrue interest and reduce the death
benefit. For more information about Whole Life please click here.
29. What is Term Insurance?
This is life insurance, that pays a death benefit provided the
insured dies during a specified period, and premiums are paid as
designated in the contract. No death benefit is payable if the
insured survives past the end of the term. Since premiums paid
are used entirely to cover the cost of insurance, there is no cash
value on a term insurance policy. Premiums may increase or
decrease, depending on the type of term insurance owned. For
further information about term life, please click here.
30. What is Universal Life Insurance?
This is adjustable life insurance that allows flexible premium
payments,* pays the life insurance benefit if the insured dies
before the maturity date, and pays the cash value if the insured is
living at the maturity date. A flexible premium is one that may be
paid at a scheduled or unscheduled time. When a premium is
paid, an expense charge is immediately deducted and the balance
is placed in a cash value fund to earn interest at the current rate.
Each month, all insurance expense charges necessary to keep the
policy in force are paid internally from the cash value, regardless
of whether or not the premium was paid. The cost of insurance
will increase each year on the policy anniversary based on the
attained age of the insured. This is a non–participating policy on
which no dividends are payable.

* The policy will terminate at any time if the cash surrender value
is insufficient to pay the monthly deductions. This can happen
due to insufficient premium payments, if loans or withdrawals are
made, or if current interest rates or charges fluctuates. Click here
for more information about Universal Life.

31. What is Variable Universal Life Insurance?

This is a form of universal life insurance that combines the
premium and death benefit flexibility of traditional universal life
insurance and the investment flexibility and risks of variable life
insurance. These products are considered securities because the
policyowner assumes investment risk associated with the variable
investment divisions, whose performance will fluctuate with
 market conditions. Variable Universal Life is offered by
prospectus only, which contains complete information about the
product including charges and expenses. Only registered
representatives of NYLIFE Securities Inc. (member
FINRA/SIPC) may offer this product. Click here for more
information about Variable Universal Life.

Have a question not addressed here? Ask it here or click to consult an

agent.

Click here to get answers to other questions you may have about other
products, this site and more.

Rate This
Rating: 0/0 (0 votes cast)

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Current time: Thu Oct 22 17:08:40 EDT 2009 1256245720147
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Consult a Life Insurance Agent

At no charge to you, a New York Life agent — professionally trained
and experienced — can help you analyze your needs and recommend
appropriate solutions through insurance and financial products and
concepts. Click here to request a no obligation review with a New York
Life agent.

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Frequently Asked Questions About Life Insurance

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Life Insurance | Lifetime Income | Investment Annuities | Long-

Term Care Insurance | Mutual Funds | Other Products & Services

Home > Life Insurance

Frequently Asked Questions About Life

Consult an Agent

• Account Login
• About New Related Tool
York Life
Access My P
Life Insurance FAQs
Life Insuranc
1. How do I take out a loan on my policy?
Loan Value is the amount of cash value that can be borrowed on aRetirement C
policy. A policyowner may be able to make a loan against the
cash value of the policy, based on the type of policy owned. A Glossary
loan allows access to the cash value of the policy, while still
maintaining the insurance coverage. When a loan is made against Related Artic
a policy, the death benefit is generally reduced by the amount of Frequently A
the loan plus any interest that is owed. Loan interest rates vary Life Insuranc
and specific provisions are generally explained in the policy
itself. Term or Perm

Generally, a policyowner can request a loan by calling a Service Understandin

Center. However, in certain instances, a loan form or written
request signed by the policyowner will be required. Please When You C
remember a policy loan accrues interest and will reduce the death Insurance Pre
benefit. A loan form or written request signed by the policyowner
must be sent to a Service Center if: What Are Di

o The policyowner requests that the loan check be Choosing to

sent to a temporary address.
• Fund Values o There is a change of address pending when the
• Planning Tools loan is requested. Your Policy P
• Business o The policy is company owned. Signatures of two
Solutions officers and their titles will be required for Understandin
• Sales Careers corporations and the sole proprietor's signature will be Insurance Co
• Corporate required for sole proprietorships. Policies
Careers o The proceeds of the loan are being transferred to
• Life Events a bank. What You Sh
o The policy has multiple owners. Policy Loans
o The policy is owned by a trust.
o The policy is assigned. Beneficiary O

Visit the Virtual Service Center to request a loan, or call us to The Role of a
request a loan through our Automated Voice Response System Professional
(IVR) or to speak to a Customer Service Representative.
New York Li
2. How do I report a death?
Upon the death of an insured, a Service Center, General Office, or
Sales Office must be contacted and advised of the name of the
insured, the date and cause of death, and the name, address, and
telephone number of the person who should be contacted. A
claimant's statement and additional information on how to file a
death claim is then sent to the appropriate person.

You can report a death via e–mail or for more information please
visit our Beneficiary Resource Center.

3. Who is a Beneficiary? Share this A

This is the person or other party designated to receive life Bookmark
insurance or annuity proceeds upon the death of the insured. The Digg this
beneficiary is named when a policy is taken out and can be Save on D
changed at the request of the policyowner.
Reddit
A contingent beneficiary is the party designated to receive life
insurance policy proceeds if the primary beneficiary should die
before the person whose life is insured.

In order to change the beneficiary of a policy, the current

policyowner must fill out a form with the necessary information
and return it to the Service Center.

4. What is Income Tax Withholding?

Since the enactment of the Tax Equity and Fiscal Responsibility
Act of 1982 (TEFRA), New York Life has been required to
withhold Federal and sometimes State (depending on the state of
record of the policyowner) income taxes from certain taxable
• Financial Goals
• Security Center distributions. Generally, payees are permitted to elect not to have
• Contact Us income taxes withheld from designated distributions.
• 5. What is Taxable Gain?
Under the tax law, certain distributions from life insurance
policies result in taxable income to the policyowner. If a
distribution is taxable, the amount the policyowner is taxed on is
limited to the "gain" in the policy, which generally equals the
policy's cash surrender value less the premiums paid. The
following distributions and other transactions may result in
taxable income to the policyowner: partial withdrawals, policy
surrenders and lapses, and certain dividends. In addition, loans
from policies that have been classified "modified endowment
contracts" may result in taxable income to the policyowner.
6. How do I access my account or policy information
online?
Visit the Virtual Service Center to view and service your policy
or account.
7. Why do I receive a "page cannot be displayed" error
when I attempt to access my Life Insurance or Annuity
account on the Virtual Service Center?
If you receive a "page cannot be displayed" error, there's a chance
your browser does not contain 128–bit encryption. For your
protection our service web site requires that your browser be 128
bit–encrypted. If your browser is not 128–bit encrypted you will
need to upgrade to a more secure browser.

If you are using Internet Explorer 5.0x or below you can check
the encryption level by selecting "Help" then "About Internet
Explorer" from the top toolbar. It should state: "Cipher Strength:
128–bit." If it states "Cipher Strength: 40–bit", you will need to
visit the Microsoft Web site to download a browser that is 128–
bit encrypted. The browser you download may vary based on
your operating system and must contain the proper system
requirements as specified by Microsoft.

If you are using Netscape 4.7x or below you can check the
encryption level by selecting "Help" then "About Netscape
(Communicator)" from the top toolbar. It should state in bold:
"This version supports U.S. security" which indicates it is 128–bit
encrypted. If it states "This version supports international
security", the browser only contains 40–bit encryption, and you
will need to visit the Netscape Web site to download a browser
that is 128–bit encrypted. The browser you download may vary
based on your operating system and must contain the proper
system requirements as specified by Netscape.
Personal Folder Login
Personalize 8. How can I find out if my deceased relative had life
this site with a insurance with New York Life?
Personal Folder! Try our Unclaimed Funds Finder or contact a Customer Service
Why would I do Representative by calling: (800) 695–4331 or email a rep by
this? clicking here.
9. How do I change a beneficiary?
Visit the Virtual Service Center to download a Change of
Beneficiary form. Click on the Service Form Library to select the
appropriate form for your state and policy.
10. I have changed my name, how do I update this
information?
To change the name on a policy, the current policy owner must
send a signed form, a written request, and a copy of a marriage
certificate or other court document to the Service Center.

Visit the Virtual Service Center to download a Name Change

Request Form. Click on the Service Form Library to select the
appropriate form for your state and policy.

11. How can I update my home address?

Call (800) 695–4331 and provide the policy number and old and
new addresses or send a written request, which includes the same
information, or email a rep via the Virtual Service Center.
12. How can the ownership of a policy be changed?
To change the ownership of a policy, the current policyowner
must fill out a Transfer of Ownership/Designation of Successor
Owner form (obtained from the Service Center) and return it to
the Service Center.

Visit the Virtual Service Center to download a Transfer of

Ownership/Designation of Successor Owner Form. Click on the
Service Form Library to select the appropriate form for your state
and policy.

13. What are my different options for paying premiums?

There are several ways to pay your premiums:
o You can set up an automatic payment service by
signing up for Check-O-Matic; click here to sign up
o Call (800) 695–4331 to speak to a customer
representative
o Contact a service rep for the payment address and
information via email

Please note if you pay your premium other than annually, the total
premium paid each year will be more than the annual premium.
14. What is Check-O-Matic?
This is a mode of payment in which premiums are paid monthly
by deducting the money directly from a policyowner's bank
account. This can be initiated by filling out a Check-O-Matic (C–
O–M) Request Form with the necessary information and
returning it to the Service Center.

Any time it becomes necessary to change the bank information,

the policyowner must fill out a new form and return it to the
Service Center.

15. How do I change my banking information for my

Check-O-Matic payments?
The policy owner must fill out a new form previously obtained
from the Service Center with the necessary information and
return it to the Service Center.

Contact a Customer Service Representative by calling: (800)

695–4331 or email a rep by clicking here to request a form. You
can also download the form from the Virtual Service Center
forms library.

16. What is Cash Surrender Value?

This term refers to the amount payable to the permanent life
policy owner upon surrender of the policy. It is equal to the
current Cash Value, less any surrender charges that may apply,
any monthly contract charges, and any outstanding loans and
accrued interest.
17. What is Surrender Charge?
During the surrender charge period of a permanent life policy, an
amount of money that is deducted from a policy's Total
Accumulation Value if you:
o Surrender your policy
o Decrease the face amount of your policy
18. How can I obtain up to date unit values for my
various Investment Divisions?
Visit the Fund Values page to see the Accumulated Unit Values
for the funds in your policy.

You can also visit the Virtual Service Center daily to obtain
Accumulation Unit Values or call us at 1–800–598–2019 to
access our Automated Voice Response System (IVR).

19. What are Dividends?

For information on Dividends, please Click Here.
20. How do I change Dividend option on a Policy?
In order to change the dividend option on a policy, the
policyowner must send a signed, written request or fill out a form
with the necessary information and return it to the Service Center.
Generally, a policyowner can withdraw dividends from a policy
by calling a Service Center. However, in certain instances, a form
or written request signed by the policyowner will be required. A
dividend withdrawal form or written request signed by the
policyowner must be sent to a Service Center if:
o There is a change of address pending when the
dividend withdrawal is requested.
o The policy is company owned. Signatures of two
officers and their titles will be required for
corporations and the sole proprietor's signature will be
required for sole proprietorships.
o The proceeds of a dividend withdrawal are being
transferred to a bank.
o The policy has multiple owners.
o The policy is owned by a trust.
o The policy is assigned.
21. How do I take out a loan on my policy?
Generally, a permanent life policy owner can request a loan by
calling a Service Center. However, in certain instances, a loan
form or written request signed by the policyowner will be
required. Please remember a policy loan accrues interest and will
reduce the death benefit.

Contact a Customer Service Representative by calling: (800)

695–4331 or email a rep by clicking here to request a loan and for
more details.

22. How do I cancel my policy?

Contact a Customer Service Representative by calling: (800)
695–4331 or email a rep by clicking here.
23. What should I do if I can't pay my premiums?
You should notify the service center right away. Contact a
Customer Service Representative by calling: (800) 695–4331 or
email a rep by clicking here. You may also want to read the
article, When You Can't Pay Your Insurance Premium.
24. How much life insurance do I need?
At no charge to you, a New York Life agent — professionally
trained and experienced — can help you analyze your needs and
recommend an appropriate amount of insurance to meet your
needs. Click here to request a no obligation review with a New
York Life agent.
25. How do I get a quote for life insurance?
Click here to request a no obligation review with a New York
Life agent.
26. How can I purchase Life Insurance?
The best thing to do is to consult an agent and he or she can help
you with your purchase.
27. How do I contact an agent?
Please use the consult an agent form, or our agent/office locator.
28. What is Whole Life Insurance?
This is life insurance that remains in force during the lifetime of
the insured, provided premiums are paid as specified in the
policy. Whole Life provides a guaranteed premium, a guaranteed
death benefit, and a guaranteed cash value. While a Whole Life
policy is in force you may take out a policy loan against the cash
value or receive the cash value (less any policy loans and
accumulated interest) should you need to surrender the policy. In
addition, a Whole Life policy can pay dividends, which may be
used to enhance both the death benefit and the cash value or may
be used to reduce your premium payment. Dividends are not
guaranteed and policy loans accrue interest and reduce the death
benefit. For more information about Whole Life please click here.
29. What is Term Insurance?
This is life insurance, that pays a death benefit provided the
insured dies during a specified period, and premiums are paid as
designated in the contract. No death benefit is payable if the
insured survives past the end of the term. Since premiums paid
are used entirely to cover the cost of insurance, there is no cash
value on a term insurance policy. Premiums may increase or
decrease, depending on the type of term insurance owned. For
further information about term life, please click here.
30. What is Universal Life Insurance?
This is adjustable life insurance that allows flexible premium
payments,* pays the life insurance benefit if the insured dies
before the maturity date, and pays the cash value if the insured is
living at the maturity date. A flexible premium is one that may be
paid at a scheduled or unscheduled time. When a premium is
paid, an expense charge is immediately deducted and the balance
is placed in a cash value fund to earn interest at the current rate.
Each month, all insurance expense charges necessary to keep the
policy in force are paid internally from the cash value, regardless
of whether or not the premium was paid. The cost of insurance
will increase each year on the policy anniversary based on the
attained age of the insured. This is a non–participating policy on
which no dividends are payable.

* The policy will terminate at any time if the cash surrender value
is insufficient to pay the monthly deductions. This can happen
 due to insufficient premium payments, if loans or withdrawals are
made, or if current interest rates or charges fluctuates. Click here
for more information about Universal Life.

31. What is Variable Universal Life Insurance?

This is a form of universal life insurance that combines the
premium and death benefit flexibility of traditional universal life
insurance and the investment flexibility and risks of variable life
insurance. These products are considered securities because the
policyowner assumes investment risk associated with the variable
investment divisions, whose performance will fluctuate with
market conditions. Variable Universal Life is offered by
prospectus only, which contains complete information about the
product including charges and expenses. Only registered
representatives of NYLIFE Securities Inc. (member
FINRA/SIPC) may offer this product. Click here for more
information about Variable Universal Life.

Have a question not addressed here? Ask it here or click to consult an

agent.

Click here to get answers to other questions you may have about other
products, this site and more.

Rate This
Rating: 0/0 (0 votes cast)

Be the first to Comment

Current time: Thu Oct 22 17:08:40 EDT 2009 1256245720147
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Consult a Life Insurance Agent

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