Allan A. Butcher
Insurance Agent / Financial Professional
Call me at:  
          (516) 444 -9203
New York Life Insurance

Whole Life Insurance

Insurance that protects. And cash value that’s accessible as it grows over time.

Whole life insurance is for those looking for lifetime protection with added benefits. In addition to providing a guaranteed life insurance benefit, it also offers an important way to save for the future, helping you to be prepared for whatever lies ahead. With Whole Life, the cash value of your policy grows tax deferred—which means you can use it whenever you need to, whether for a new home, college tuition, or an income stream in retirement.* Dividends provide an opportunity for the cash value to grow more. Though dividends are not guaranteed, New York Life has been paying them to policy owners every year for 164 years. At New York Life, our diverse range of products lets you create a unique combination of guaranteed death benefits and growth that is designed to meet your needs.

Planning your Whole Life policy

A few things to discuss with your financial professional when choosing your whole life policy:

Which Whole Life Policy is Right For You?

Whole Life Insurance

For those looking to balance cash value accumulation and guaranteed life insurance coverage, this is a popular option. Over time you may find your cash value to be a convenient way to supplement retirement income.

Custom Whole Life Insurance

If you only want to pay premiums for a specific amount of time—as little as five years—or if you want to maximize the cash value growth in your policy, this may be the best choice for you. If you choose to pay premiums over a shorter amount of time, they may be higher. You can schedule your payments to fit your budget while building cash value that can be used for retirement income, college tuition, or whatever else comes your way

Work with a financial professional
To customize your policy with these add-ons, which are also known as riders.

Premium coverage when you need it

If you become disabled, New York Life will cover your premiums if you purchase the Disability Waiver of Premium option.** Your coverage continues as long as you’re disabled.

Planning for health events

If you want tax-free acceleration of your policy’s death benefit to protect against financial hardship should you become chronically ill, you might want to purchase our Chronic Care option.** Additionally, if you are terminally ill, you could use a portion of your death benefit to pay for treatment or care with the Living Benefits option.

Grow your policy faster

If you’d like the option of contributing more to your plan when it’s convenient for you, consider the Option to Purchase Paid-Up Additions. It’s an economical way to increase your death benefit protection and build more cash value.

Protect your family in the event of an accident

If you want an additional death benefit for your loved ones in case you die as a result of an accident, you may want to purchase the Accidental Death Benefit option.**


Guarantees of the policy are based on the claims-paying ability of the issuer
*Accessing the cash value of the policy will reduce the available cash surrender value and total death benefit
The policy form number for New York Life Whole Life Series of products is ICC18217-50P (4/18). SMRU: 1798027
**Optional rider available at an additional charge.