Life Insurance Information For Consumers
Welcome to the Life Insurance Resource Center
The Life Insurance Resource Center is designed to help consumers make the right choice when purchasing life insurance or annuities. Many consumers spend substantial sums of money each year on life insurance premiums with very little idea of what they are getting for their money. Reluctant to probe into the technical jargon of the life industry and the mysterious world of death benefits, cash values, standard provisions and riders, most buyers dont realize that there are major differences in the types of life insurance they can buy and the various sources for such coverage.
This resource center will help New York State consumers choose the right coverage, the right company, and the right price. The center will familiarize you with basic terms, describe the major life insurance policies and annuities that are available, and provide important shopping tips. Separate sections devoted to newly approved annuities, replacement of policies, beneficiary selection, and policy cost and benefit comparison are currently under construction.
New Yorkers have long enjoyed a competitive life insurance market. In fact, nearly 140 insurers currently write life insurance in New York State and these companies generate over $188 billion in annual premium. This resource center will help you choose among these insurers in order to provide the best protection for you and your family.
Select the appropriate subject using the Life Insurance Guide Table of Contents links below:
- Before You Buy Insurance
- The Purpose Of Life Insurance
- Analyze Your Need For Life Insurance
- How The Cost Of Life Insurance Is Determined
- Basic Types Of Policies
- Other Coverages
- Optional Riders/Supplemental Benefits
- Updated! Annuities
Life Company Demutualizations
For information on demutualizations, please select this link.