Product: New York Life Insurance Life Insurance Clear all filters (0 of 20 reviews match)
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New York Life Insurance - You can do better, Agents only want the highest commission. Be smart and aware!

I was sold a life insurance policy that tripled and was way over priced to start with. Also rolled an IRA and was eaten alive by commissions and terrible returns during banner years. I was nieve and uneducated to the products and services, do your homework and get smart. Don't, DON'T trust the commission driven agent. After being milked for tens of thousand the Agent would return my calls or emails when I wanted to pull out. Had to call the corporate office to close out my accounts. Run away, fast!
1.2
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New York Life Insurance Life Insurance
#1432937
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I have full legal guardianship of my mother. I took care of all her funeral costs long ago. She still has a balance on her mortgage. I went to NYL to surrender her 50 year old whole life insurance for cash in order to pay it off. In that time cash value only grew by...
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New York Life Insurance Life Insurance
#1371660
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I purchased a whole life insurance policy 40 years ago and my insurance agent said that I needed more insurance ( I was not told that the policy was a term life policy). He signed me up for Target Life which when paid for disappears at retirement and forty years of...
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New York Life Insurance Life Insurance
#1359205
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I changed my banking information well before the due date, and received confirmation that it had been changed. Great because the old account was now being used to only pay down a loan and no additional money was ever going to be deposited into that account. Well low...
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2.9
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New York Life Insurance Life Insurance
I liked
  • Life insurance plan
I didn't like
  • Very poor customer service
  • Poor attitude
  • Non responsiveness
#1290667
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Over 30 years I had a term policy with a lot of dividends in it and the agent convinced me to cancel the policy and take out a $50,000 whole life policy, using the dividends to purchase this policy and that I would NEVER have to pay on this policy again.. that was a...
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Anonymous
Jim

Term policies do not have dividends, you habe your information wrong.

Product
New York Life Insurance Life Insurance
I didn't like
  • Agents
  • Very poor customer service
  • Fallacious advice from a completely uninformed staff
#1215126
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ny life sent us a polcy 8 years ago my dad was never able read and right my mom trusted the agent, as we had the ogaial polcy i went throw it i found it was missing key pages to tell what kind polcy it was, so i ask them send us a copy the copy was missing pages, but i...
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New York Life Insurance Life Insurance
#1189332
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New York Life Insurance - Screwed by new York life

I just received a notice from new york life that the premium that i have been paying since 1992 will be going up $103,00 a month and they want a check for over $300.00 right away or my policy will lapse,. No warning no letters telling me this was going to happen. What a bunch of crooks no wonder tge CEO is stealing millions in compsenation from customers
1.0
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Additional Fees
Billing Practices
Customer service
Discounts and Special Offers
Diversity of Products or Services
Exchange, Refund and Cancellation Policy
Insurance Plans Acceptance
Price Affordability
Product or Service Quality
Reliability
Staff
Value for money
Website
Product
New York Life Insurance Life Insurance
#1081217
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I have tried since August to get answers about my 93 year old dads long term care policy.. i gave them all medical releases from his his rehab center, medicare home health care etc. They told they never received any records from anyone in the recent past.. i now have...
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Anonymous
Chi Lee

I have the exact problems. It took almost 5 months to finally receive reimbursement. The New York Life contracted out their Long Term Care to outside agents who deliberately d...

Anonymous
Nicholas H. Mook

I have the same problem with NY life Long Term Care. They aren't paying out. I phone them and they say they are back logged another month, or, they say it will be in the ban...

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New York Life Insurance Life Insurance
#983533
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I was lied to about the policy I signed up for with a friend that was an agent.I was told this "retirement" policy was better than a 401k. When I brought the paperwork into my bank after further review it was a life insurance policy and I would not be able to take...
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New York Life Insurance Life Insurance
#935042
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The man I was caregiver to for 5 years had to go into assisted living months ago, on his NY Life policy, which paid for him to be there until just recently, when they told him they were cutting him off, and putting him out on the street at age 82. He has nowhere to go...
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Anonymous
Anonymous

Did you read the contract or take any time at all to understand the benefits being paid? Why has medicare not been contacted? I am completely disregarding your opinion because...

Anonymous
Anonymous

How manyou years was his long term care policy for? Did the company fulfill the maximum coverage that he purchased? Or did your friend fail to purchase enough coverage? It is...

1.0
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New York Life Insurance Life Insurance
I didn't like
  • Betrayal
#907113
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