...Leading Market Position: New York Life Insurance Company and its insurance subsidiaries are leading producers of whole life insurance and guaranteed income annuities, and is also a leading presence in the group life and disability insurance market. New York Life's market position is strengthened by its loyal and productive career agency distribution channel, which Fitch Ratings believes reduces pricing pressure and anti-selection in competitive market environments. Product Diversification: New York Life's mix of individual and group life insurance, annuities and asset management products provide diversification of mortality, longevity and interest rate risks, which Fitch views favorably. New York Life has modest exposure to some product lines that Fitch considers as carrying significant risks, such as long-term care (LTC) insurance. However, the company is well reserved and has demonstrated strong risk management practices with regards to those lines. Extremely Strong Capital Levels: New...
