New York Life Insurance, Biggest Life Insurance Companies

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Biggest Life Insurance Companies

New York Life Insurance, Biggest Life Insurance Companies. Life insurance is a contract with an insurance company that is

paid after the beneficiary’s death or after a certain period. Insurance packages can cover a lot, depending on the

insurance company and the premiums paid. The first life insurance company in the United States was founded in

1759 and the industry has grown exponentially over the years. In 2014, about 180 million Americans had at least one

life insurance policy. In the same year, about 900 life insurers reported about $ 147 billion in direct premiums

nationwide. MetLife Inc., the largest life insurance company in the United States, posted a premium of $ 11.3 billion

with a market share of approximately 7.7%. each posted over $ 7 billion in premiums.

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New York Life: Biggest Life Insurance Companies

New York Life

New York Life:-New York Life is one of the largest mutual life insurance companies in the United States and the world and was

ranked 61st in Forbes’ list of 500 lucky companies in 2016. Assets under management were $ 500 billion. Founded

in 1845 in New York as a Nautilus insurance company, it had assets of $ 17,000. In 2014, New York Life’s local life

insurance premiums were approximately $ 8.2 billion and had a market value of approximately 5.6%. Ranked as the

largest mutual insurance company in the United States, the company had total revenues of $ 38.7 billion in 2014.

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                                New York Life: Biggest Life Insurance Companies

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