Life Insurance Companies in New York and their investment in the Economy
- 162 life insurers are licensed to do business in New York and 84 are domiciled in the state.
- The life insurance industry generates approximately 140,200 jobs in New York.
- Life insurance companies invest approximately $657 billion in New York's economy, helping to finance businesses, create jobs, and provide services in the state.
New York Residents Covered
- Every day in New York, life insurers pay out $16.2 billion in life insurance and annuities to families and businesses.
- New York residents own 7.1 million individual life insurance policies.
Download the New York Life Insurance Fact Sheet.
*statistics are from the American Council of Life Insurers.