US Life Insurance Company in the City of New York – A Detailed Overview

US Life Insurance Company in the City of New York has a long history of providing insurance products to residents of New York. This article provides a comprehensive overview of the company’s history, financial strength, product offerings, company structure, and more.

Introduction to US Life Insurance Company in the City of New York

US Life Insurance Company in the City of New York is a life insurance company that operates exclusively in the state of New York. The company was originally chartered in 1850 under the name Nautilus Insurance Company. After many mergers and acquisitions over the years, the company adopted its current name in 1981.

Key facts about US Life Insurance Company in the City of New York:

• Founded in 1850 as Nautilus Insurance Company
• Renamed to current name in 1981
• Offers life insurance and annuity products
• Operates exclusively in New York
• Based in New York City
• Part of American International Group (AIG)

US Life sells their products through a network of independent agents across New York. They aim to provide competitive and innovative life insurance and retirement products tailored specifically to New York residents.

Products Offered

US Life Insurance Company in the City of New York provides the following insurance solutions:

Life Insurance

• Term life insurance
• Whole life insurance
• Universal life insurance
• Survivorship life insurance

Term life offers temporary coverage, while whole and universal life provide lifetime protection with cash value accumulation. Survivorship life insures two lives with a death benefit paid after the second insured passes away.

Annuities

• Fixed annuities
• Fixed index annuities
• Immediate annuities
• Deferred income annuities

Annuities help grow retirement savings tax-deferred and also create guaranteed lifetime income. US Life’s diverse selection gives clients options to fit their needs.

Additional Offerings

• Disability income insurance
• Long-term care insurance
• Hybrid life/LTC solutions
• Employer-sponsored products

This wide range of offerings allows customers to secure complete protection through US Life.

Company Structure and Leadership

US Life Insurance Company in the City of New York is part of the American International Group (AIG) family of companies. AIG is a leading global insurance organization with over $558 billion in assets as of 2021.

Some key facts about AIG:

• Founded in 1919
• Employs over 21,000 people worldwide
• Offers property/casualty insurance, life insurance, retirement products, mortgage insurance and more

As an AIG subsidiary, US Life has the financial strength, resources and expertise of a Fortune 500 company behind it. This enhances the company’s ability to deliver on promises to policyholders.

US Life’s senior leadership team includes:

• Kevin Hogan – President and CEO
• Robert Scheinerman – General Counsel
• Scott Vitkus – CFO
• Jay Wirschafter – COO

The executive team provides deep insurance experience combined with a focus on innovation to drive the company forward.

Financial Strength and Ratings

US Life Insurance Company in the City of New York has strong financials backed by AIG:

• A.M. Best Rating: A (Excellent – 3rd highest out of 15 ratings)
• Total Admitted Assets: $4.27 billion (Statutory Basis)
• Total Liabilities: $3.86 billion (Statutory Basis)
• Capital & Surplus: $416 million

These figures are based on year-end 2020 data. Capital and surplus represents the net worth of the company, providing a cushion to cover unexpected claims.

US Life’s ratings from independent agencies indicate it has the financial strength to meet obligations to policyholders even in challenging economic conditions. Customers can have peace of mind knowing the company will be there when needed.

Reasons to Choose US Life Insurance Company in the City of New York

There are many good reasons for New York residents to consider US Life for their insurance needs:

• Strong financials – Part of AIG with excellent financial strength ratings
• Experience – 170+ years in business
• Local focus – Specializes in New York market with dedicated agents
• Range of products – Diverse solutions for life insurance and retirement income
• Customer service – High marks for responsiveness and satisfaction
• Innovative options – Features like chronic illness and LTC riders
• Trusted partner – Longstanding presence and reputation in New York

US Life checks all the boxes in terms of company profile, making them a top choice for many New Yorkers seeking protection.

How to Get a Quote and Apply

Purchasing a policy with US Life Insurance Company in the City of New York is simple:

• Work with an agent – Contact a local agent to get personalized quotes.

• Go direct – Call (800) 444-9792 to speak with a company representative.

• Visit the website – www.aig.com/getprospectus allows you to request more info.

• Fill out an application – Apply online or submit a paper application to your agent.

Be ready to provide basic personal and health details. Policies can be issued rapidly in many cases.

Contact Information

Reach out to US Life Insurance Company in the City of New York at:

Phone: 800-444-9792

Address: 175 Water Street, 15th Floor, New York, NY 10038

Website: www.aig.com

You can also connect with one of their licensed agents in your local area.

Conclusion

With a long-standing presence in New York spanning over 170 years, US Life Insurance Company in the City of New York offers the experience, financial strength, and wide range of products many New York residents are looking for. They provide customized solutions backed by strong financials and outstanding customer service. For New Yorkers aiming to protect their families and future, US Life is definitely worth considering.