New York Life
New York Life
3201 Westmont Place
Lady Lake, FL 32162-7640
(352) 753-9316

Draw a Picture for Yourself
Now, ask if life insurance fits into that picture. If you think it does, now may be the time to consult one of our life insurance agents for a thorough financial and life insurance needs analysis.

Life Insurance for a Rocky Economy
The economy is lurching through unchartered terrain. Which life insurance is the right life insurance to provide financial security in this uncertain market climate?

Here are three points to ponder:

1. If you own an equity-based product, such as variable universal life insurance (VUL), meet with your NYLIFE Securities Registered Representative to review the cash value account mix and adjust it if necessary. (Note: you have the option to park funds in a fixed-return account until the economy settles down.)

2. Rethink term life insurance. Many financial professionals believe that term life insurance has a number of shortcomings when purchased to meet long-term needs. Chris Blunt, chief operating officer of life and annuity products at New York Life Insurance Company, compares term life insurance to an adjustable-rate mortgage (ARM). “People buy ARMs because they seem cheap in the beginning,” Blunt told BusinessWeek, “which is the same reason people buy term insurance.” 1

3. Consider whole life as a safe, stable option. “Whole life can actually end up being the better value in the long run,” says Blunt, “because whole life gives a cash value, which could be tapped” to cover living expenses in an emergency.

© 2010 New York Life Insurance Company, New York, NY. All rights reserved.
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