New York Life vs Pacific Life 2024
Posted in Term Life Insurance last updated on May 10, 2024Below we’ll compare two of the largest life insurance companies in America in 2024, New York Life Insurance Company and Pacific Life Insurance Company. See comparisons for: ratings, year founded, price, products and more.
| About | New York Life | Pacific Life |
|---|---|---|
| Rating | A++ Superior | A+ Superior |
| Founded | 1845 | 1868 |
| Price | $$$ | $ |
| Life Insurance Products | Term life, whole life, universal life, variable universal life | Term life, universal life, variable universal life, indexed universal life |
| Quotes on Website Available | No | No |
New York Life vs Pacific Life Term Rates Comparison
Monthly rates below are for $1 million to $5 million 20-year level term life insurance policy for a 50-year old male in excellent health.
| Face Amount | New York Life | Pacific Life |
|---|---|---|
| $1,000,000 | $148.15 | $129.85 |
| $2,000,000 | $290.80 | $254.60 |
| $3,000,000 | $433.45 | $377.77 |
| $4,000,000 | $576.10 | $502.00 |
| $5,000,000 | $727.98 | $626.22 |
Bottom Line
New York Life Insurance Company and Pacific Life Insurance Company are two of the oldest, largest, highest rated and best life insurance companies in America today. While both life insurance companies have been in business for more than 150 years, are Superior rated by A.M. Best and offer term life and universal life insurance products there are a few differences. New York Life offers traditional whole life insurance, while Pacific Life does not. Both companies offer term life insurance for a 10-30 fixed term length, however New York Life’s term rates are more expensive than Pacific Life’s. Pacific Life also offers no medical exam for those between 18-70 years old up and up to $3 million with a checkup and labs completed in the last 12 months by your physician. Our recommendation is to receive quotes from several top companies and choose the best company for you based on your age, build and health.
