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Jack Shaffer

New York LIfe
Life, Disability & Annuity Insurance

Contact Information:

1983 Marcus Avenue
Lake Success, NY 11042
United States
T: 516 354-5747

Years in Business:

 

16

Clients I'm Seeking:

 

Personal, Business and Estate planning for people who need Life Insurance, Annuities, Integrated insurance & investments, Long Term Care insurance and Guaranteed Lifetime Income

About My Business:

 

At New York Life, our investment philosophy is based upon careful risk-return analysis. Listed below are a number of other guiding principles and disciplines we believe form the basis for a sound investment: We maintain diversification We conduct our own research We insist on getting paid for taking risk We take a long-term view We maintain ample liquidity We don’t blindly follow the crowd According to Fortune, New York Life is the largest mutual life insurance company and is #71 on the Fortune 500 — Based on revenue as reported by “Fortune 1,000 Ranked within Industries, Insurance: Life and Health (Mutual),” Fortune magazine, May 5, 2011. For methodology see: http://money.cnn.com/magazines/fortune In 2010, New York Life paid $3.7 billion to beneficiaries and year to date (June 6, 2011), New York Life has paid $1,684,363,570. On November 17, the Board of Directors authorized a distribution of approximately $1.3 billion as dividends payable to policyholders in 2011, maintaining the divi-dend scale paid in 2010 despite the continued low interest rate environment. This represents a $59 million increase over the amount allocated for 2010 and marks the 157th consecutive year in which New York Life will exceed its guarantees by paying dividends to its partici-pating policyholders.1 As of July 7, 2010, all four major ratings agencies reaf-firmed New York Life’s highest marks for financial strength. This news reinforces New York Life's position of strength and our standing as part of an exclusive group of companies; of more than 1,000 life insurer com-panies, we are one of three holding the highest marks for financial strength in the insurance industry from Moody’s, A.M. Best, Fitch and Standard & Poor’s.

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