Institutional Life
Providing BOLI and COLI solutions for nearly three decades without interruption.
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Our business
We are institutional business specialists with market-specific expertise in developing client-oriented solutions. We work directly with advisors, third-party plan administrators, and clients to nurture strong relationships, explain our capabilities, and help ensure that the objectives of our bank, corporate and insurance clients are met. We understand the responsibility of developing and servicing sustainable financial products, which is why our business is staffed with specialists and experienced professionals dedicated solely to our institutional clients.
We value our broker relationships and look to continue to establish strategic partnerships with a focus on a long-term view and client needs. New York Life and its subsidiary, New York Life Insurance and Annuity Corporation have the highest ratings for financial strength currently awarded to any life insurer by all four rating agencies. New York Life is one of only two companies in the industry that can make this claim*.
Contact Us at nyl_bolicoli@bimsquad.com
*Third-Party Rating Reports as of 10/18/2022: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).
Business solutions
*This material is general in nature and is being provided for informational purposes only. It was not prepared, and is not intended, to address the needs, circumstances, and/or objectives of any specific individual or group of individuals. New York Life and its affiliates are not making a recommendation to purchase any specific products and cannot offer tax or other legal advice. For advice regarding your personal circumstances, you should consult your own independent financial and tax advisers.
Variable life products are issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation) and distributed by NYLIFE Distributors LLC, Member FINRA/SIPC. Both NYLIAC and NYLIFE Distributors LLC are wholly owned subsidiaries of New York Life Insurance Company. In Oregon the Policy Form Number for CorpExec Variable Universal Life Plus is ICC19-319-43.
For more complete information about the CorpExec Variable Universal Life Plus policy, ask your registered representative for a prospectus for the policy. The prospectus contains more complete information about the policy including investment objectives, strategies, risks, charges and expenses. Please read the prospectus carefully before investing. A VUL policy involves fluctuating cash value; investment losses are possible.
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Our COLI products are buttressed by a robust registered investment platform of high-quality, low cost options across all asset classes, while our private placement product also offers a suite of alternative investment options and capabilities to develop solutions oriented separately managed accounts. We currently partner with over 20 well regarded asset managers to provide a wide-array of investment solutions to meet our clients' unique needs.
Our history
While many carriers have retreated from or exited the institutional markets, New York Life has demonstrated its commitment through all economic climates and plans to continue doing so. New York Life Insurance and Annuity Corporation, issuer of BOLI and COLI products, is a wholly owned subsidiary of New York Life Insurance Company. Throughout its over 175-year history, New York Life has built a reputation for financial strength and sustainability.
As a wholly-owned subsidiary of New York Life, the largest mutual life insurance carrier in the U.S.2, NYLIAC can take the long-view and focus on what's in the best long-term interests of policy owners, as opposed to short-term interests of shareholders of a publicly held corporation. With the experience and confidence gained from successfully navigating the economy’s ups and downs, we can assure our more than 2,000 institutional market clients that we are a reliable and dedicated partner. Even though we can’t predict the future, we are always poised to help our clients prepare for whatever lies ahead.
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Institutional Life Resources
1Low Cost Investment Divisions – 91% of our funds have a fee below their respective category average. 73% have fees in the least expensive third of their respective category. We partner with over 20 asset managers.
2Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/2022.