Overview
National Life Group
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Undisclosed
New York Life
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Ratings
National Life Group
New York Life
Reviews
National Life Group
Reviews
New York Life
Reviews for National Life Group
Helpful Favorable Review
Rickson Amorim
March 8th, 2024
DETAILS
I have been a client for 8 years now and I have an IUL that’s performing incredibly amazing. I’m very satisfied because I never had the stomach to market fluctuations and risk. This product will guarantee my retirement and it is Tax Free! After my family and I watched the documentary The Power of Zero, this strategy started to make sense for all of us. And NLG is a leading company on this product. Overall we are super happy. Thank you National Life Group.
Helpful Critical Review
Vitola Chirris
September 6th, 2024
This. Company. Us. Sucks. Sorry. To be. Honest. They. Bake. Change. On the. Policy’s. With out permission. Of the customers ?? Pay atención guys. You. Can’t. Make change until. Ask. To the. Customers. You. Don’t like. Any company. Decide. For. You. Right ?? Do. Plea. Don’t do it. Again. Atte..victor. Gonzalez.
Reviews for New York Life
Helpful Favorable Review
Paul Burdick
January 29th, 2023
Fort Lauderdale, FL
The very nature of Insurance is based on a person's age, gender, and health. You don't just buy insurance like a loaf of bread. Insurance is a Unilateral contract that is offered based on the individual risk of the applicant, unless it is guaranteed issue, and in that case, age and gender are mandatory for a quote.
Helpful Critical Review
KATE
July 8th, 2020
Brooklyn, NY
DETAILS
New York Life sent us a medical examiner who was totally unprofessional. First. Even though he visited us at the time when the COVID-19 pandemic in NY just started, he did not put gloves on to take a blood sample. When asked to put gloves on, he demonstrated his disaffection and wore only one. Second. He was over 30 minutes late. Third. After the blood work, one of my veins has been puffy and enlarged. It has been three months now, and it did not get better yet. Because of this experience, I truly do not recommend New York Life. In my opinion, it is the insurance company's responsibility to select right medical examiners to contract with. They should have done their due diligence, which obviously they did not.
The Final Word
Those choosing between National Life Group and New York Life should be aware that Girard Sharp law firm has filed a class action lawsuit against National Life Group for alleged involvement in a pyramid scheme with Premier Financial Group. Premier Financial Group sold universal life insurance policies issued by National Life Group.
Aside from the lawsuit, National Life Group and New York Life are very similar when it comes to life insurance. Both companies have received high financial strength ratings from well-known ratings agencies. New York Life is more transparent about the dates of these rankings on its site, which allows those considering making a purchase to gauge the recency of New York Life’s financial stability and strength.
The companies also offer similar types of life insurance policies: term, whole, universal, and variable universal life insurance. It’s unclear from National Life Group’s site whether there are policy options within each category. In contrast, New York Life offers a few policy structure options within each category except variable life insurance.
For example, New York Life offers value whole life, whole life, and custom whole life. Each policy type is designed to meet the needs of different individuals. The value whole life is ideal for people close to retirement. The whole life policy includes both cash value accumulation and a death benefit. The custom whole life policy allows policyholders to set their payment schedule and build cash value.
New York Life also makes it clear which riders are available with each kind of insurance policy. The level of detail on New York Life’s website makes it easy for potential clients to determine whether or not New York Life has a policy to meet their needs.
National Life Group does not incorporate the same level of detail on its website. This makes it difficult to research available policies before contacting a representative.
If you’re choosing between New York Life and National Life Group, we recommend working with New York Life because of its proven reliability and transparency on its website.
