Cookies on BBB.org

We use cookies to give users the best content and online experience. By clicking “Accept All Cookies”, you agree to allow us to use all cookies. Visit our Privacy Policy to learn more.

Cookie Preferences

Many websites use cookies or similar tools to store information on your browser or device. We use cookies on BBB websites to remember your preferences, improve website performance and enhance user experience, and to recommend content we believe will be most relevant to you. Most cookies collect anonymous information such as how users arrive at and use the website. Some cookies are necessary to allow the website to function properly, but you may choose to not allow other types of cookies below.

Necessary Cookies

What are necessary cookies?
These cookies are necessary for the site to function and cannot be switched off in our systems. They are usually only set in response to actions made by you that amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not work. These cookies do not store any personally identifiable information.

Necessary cookies must always be enabled.

Functional Cookies

What are functional cookies?
These cookies enable the site to provide enhanced functionality and personalization. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies, some or all of these services may not function properly.

Performance Cookies

What are performance cookies?
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.

Marketing Cookies

What are marketing cookies?
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant content on other sites. They do not store personal information directly, but are based on uniquely identifying your browser or device. If you do not allow these cookies, you will experience less targeted advertising.

Find a Location

New York Life Insurance Company has 237 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

    Country
    Please enter a valid location.

    Business ProfileforNew York Life Insurance Company

    Insurance Companies
    HeadquartersMulti Location Business
    The Complaints and Reviews shown on this HQ profile may have been submitted against either the HQ itself or one of the corporate-owned locations found under "Find Locations".

    At-a-glance

    Customer Reviews

    1.08/5stars

    Average of 250 Customer Reviews

    Customer Complaints

    301 complaints closed in last 3 years

    128 complaints closed in last 12 months

    Customer Reviews are not used in the calculation of BBB Rating

    Reasons for BBB Rating

    Related Categories

    Overview

    New York Life Insurance Company produces and sells a range of financial products, services and information which include whole life and term life insurance plans, health maintenance, mutual funds, unit investment trust and pension funds.

    Business Details

    This is a multi-location business.

    Find a Location

    New York Life Insurance Company has 237 locations, listed below.

    *This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

      Country
      Please enter a valid location.
      Headquarters
      51 Madison Avenue, New York, NY 10010
      BBB File Opened:
      12/8/1993
      Years in Business:
      179
      Business Started:
      1/1/1845
      Type of Entity:
      Corporation
      Alternate Business Name
      • New York Life
      Business Management
      • Mr. Theodore Mathas, Chairman, President & CEO
      • Mr. Rick Madan, Managing Partner, Manhattan office
      Contact Information

      Principal

      • Mr. Theodore Mathas, Chairman, President & CEO
      Additional Contact Information

      Fax Numbers

      • (212) 576-6220
        Primary Fax

      Phone Numbers

      Customer Complaints

      301 Customer Complaints

      Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

      File a Complaint

      Customer Reviews

      250 Customer Reviews

      What do you think? Share your review.

      How BBB Processes Complaints and Reviews

      Start a Review

      Most Recent Customer Review

      James M

      1 star

      09/13/2024

      My company have information to then and the claim manager did not do her job in a timely manner and after multiple tries to contact with no contact back. After I was due for my payment on Sept 1 and selecting starting a new claim everyday I called and a while week they day they sent a check I have never received that check and it is 7 days later. You can give whatever excuse you want mail does not take that long you did not mail it like you said that day. And so after maybe more hours in the phone the last few days was suppose to get a first deposit 9/12 my bank says they have no pending transaction. Say what you want but if you did truly send it then it would show pending at my bank I spoke to the head person at my bank over this matter. Now it is the 13th of the month and got no where today either but lies. And now after being bullied this long my mental health is gone and I gave had my electricity shut off my house is about to foreclose in and my back is gonna to my vehicles because I keep telling them I will have the money like I'm told and lied to and bullied more. It is real people big companies don't care and will bully anyone. I hope this finds the president ******* that is living without a care in the world why we are struggling and being lied to of he wants to make it right he will listen to all my voicemails and calls and call me directly to make this right which is to settle with me but we all know that won't happen. So maybe we can get this to the news cuz I have no lies in this and am being bullied by a big company that has made me lose everything including my mental health in this. I didn't ask for my eyes to s**** up and have surgery but it happened and sucked now with these guys not paying and bullying I have lost more. So give some bs exist like you have on the phone and in the other reviews I have seen. They didn't care about anyone but themselves and yet still are in business this needs to end

      New York Life Insurance Company Response

      09/17/2024

      We regret that the customer had a poor experience with our **********************. We understand his frustration and hope he can understand it is our goal to administer the policy according to its terms. Our goal is to issue consistent benefits without any delays. However, we conduct an investigation and often are waiting for supporting documentation to approve benefits. According to our review, the customers benefits have now been approved and he is paid through current. We show that the check issued on 9/6/24 has been cashed and his electronic funds transfer information is accurate. In addition, the customer has spoken to his Claim Manager and the Team Leader on several occasions throughout the life of the claim. Should the customer have any questions, they may contact our Claim Manager, *******, with any questions.

      Local BBB

      BBB Serving Metropolitan New York

      BBB Reports On

      BBB reports on known marketplace practices.

      BBB Business Profiles may not be reproduced for sales or promotional purposes.

      BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

      When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

      BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.

      As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.