Insurance Company Owned Life Insurance
Our ICOLI solutions enable insurance companies to strategically ﬁnance beneﬁt liabilities, while complementing their overall asset allocation programs with a dynamic and closely managed investment platform.
* 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.
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.
1 Low 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.
2 Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/2022.