Top 20 Life Insurance Companies in New York
Top 20 Life Insurance Companies in New York
Life insurance companies in New York play a crucial role in financial planning, offering products that provide protection for families and individuals against unforeseen risks. These firms vary in size, from large corporate entities to small, family-run agencies, specializing in life insurance, annuities, and investment products. Recently, innovation has driven the industry towards digital solutions, ensuring better accessibility for consumers. The surge in insurtech startups reflects an evolving landscape where technology enhances customer experiences and streamlines service. As awareness around financial security grows, so does the demand for insurance products tailored to modern needs.
The list comprises 20 life insurance companies based in New York, including prominent firms like Global Atlantic Financial Group and Fabric by Gerber Life. These organizations range in size from small teams to large corporations, emphasizing various specializations—from product offerings like term life insurance to retirement planning solutions. Established between 1916 and 2020, these companies showcase a blend of historical expertise and fresh innovation, addressing the unique insurance needs of their clients. Each entity contributes significantly to both individual financial security and the overall economy.
Continue reading to discover the top life insurance companies in New York.
Top 20 Life Insurance Companies in New York
1. Global Atlantic Financial Group
- Website: globalatlantic.com
- Ownership type: Private Equity
- Headquarters: New York, New York, United States (USA)
- Employee distribution: United States (USA) 96%, Bermuda 4%
- Latest funding: $4.4B, July 2020
- Founded year: 2004
- Headcount: 1001-5000
- LinkedIn: global-atlantic-financial-group
Global Atlantic Financial Group, founded in 2004 and based in New York, is a financial services company that specializes in annuities and reinsurance. The firm offers a range of products aimed at helping individuals and institutions manage their financial futures, including retirement income solutions and life insurance. Their clientele includes consumers planning for retirement and businesses seeking effective risk management strategies. Global Atlantic operates through several subsidiaries, such as Accordia Life and Annuity Company and Forethought Life Insurance Company, which are responsible for issuing life insurance products. The company has received significant funding, amounting to $4.4 billion in July 2020, which underscores its financial strength and capacity for growth in the competitive insurance market.
2. Fabric by Gerber Life
- Website: meetfabric.com
- Ownership type: Corporate
- Headquarters: Brooklyn, New York, United States (USA)
- Employee distribution: United States (USA) 93%, Bangladesh 7%
- Latest funding: January 2022
- Founded year: 2015
- Headcount: 11-50
- LinkedIn: fabric-by-gerber-life
Fabric by Gerber Life is a financial services company based in Brooklyn, New York, established in 2015. The company specializes in providing life insurance, investment accounts for children, and will creation services. Their mission is to assist families in planning for their financial futures through accessible and affordable products. Fabric operates primarily online, offering a streamlined platform that allows parents to manage their financial planning needs efficiently. The company is part of the Western & Southern Financial Group, which has a long-standing history in the financial services industry. Fabric's focus on modern, digital solutions positions it well within the evolving landscape of life insurance, catering specifically to the needs of young families.
3. Prosperity Life
- Website: prosperitylife.com
- Ownership type: Private Equity
- Headquarters: New York, New York, United States (USA)
- Employee distribution: United States (USA) 99%
- Latest funding: February 2025
- Founded year: 1916
- Headcount: 201-500
- LinkedIn: prosperity-life-insurance-co-
Prosperity Life Group is an insurance and asset management company based in New York, New York. Established in 1916, it has over a century of experience in providing life insurance, annuities, and reinsurance solutions. The company serves individual consumers seeking financial security and businesses requiring risk management solutions. Prosperity Life operates through its subsidiaries, including SBLI USA Life Insurance Company, S.USA Life Insurance Company, and Shenandoah Life Insurance Company, each with a strong track record in the insurance market. The firm emphasizes innovative product offerings designed to meet the evolving needs of its customers. With $16.1 billion in assets under management and strong financial ratings from AM Best, Kroll, and S&P Global, Prosperity Life demonstrates a commitment to financial stability and customer service. The company continues to adapt and grow, focusing on long-term relationships and sustainable returns for its clients.
4. Agent Support Group
- Website: asglife.com
- Ownership type: Corporate
- Headquarters: New York, New York, United States (USA)
- Latest funding: December 2019
- Founded year: 1973
- Headcount: 11-50
- LinkedIn: agent-support-group
Agent Support Group, based in New York, is an insurance brokerage agency that specializes in life insurance products. Founded in 1973, the company has built a reputation for assisting independent agents and financial planners in creating comprehensive insurance plans tailored to their clients' needs. They offer a wide range of products, including term life, whole life, universal life, and annuities, aimed at providing financial security and protection for clients' dependents. With a team that boasts over 150 years of combined experience, Agent Support Group emphasizes advanced underwriting and innovative solutions to enhance the effectiveness of their offerings. They serve as a general agent for many competitive insurance companies, ensuring access to a broad spectrum of products. Their commitment to education is evident through seminars, webinars, and newsletters designed to keep advisors informed about industry trends and product updates. As the oldest full-service life insurance brokerage in the New York Metropolitan area, Agent Support Group continues to play a significant role in the life insurance market.
5. Hometown Insurance Agency of LI Inc
- Website: hometowninsurance.com
- Ownership type: Family Owned
- Headquarters: Bohemia, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Founded year: 1979
- Headcount: 11-50
- LinkedIn: hometown-insurance-agency-of-li
Hometown Insurance Agency of LI Inc, based in Bohemia, New York, has been a family-owned operation since its founding in 1979. The agency provides a variety of insurance products, including personal, commercial, life, and health insurance. With a team of 24 employees, Hometown Insurance focuses on helping both individual consumers and businesses manage risks and protect their assets through tailored insurance solutions. They emphasize customer service and community involvement, particularly in supporting local firefighters and emergency medical technicians with specialized insurance programs. The agency has not reported any funding, indicating that it operates independently without external financial backing. Hometown Insurance Agency is committed to adapting to industry changes, as evidenced by their engagement with technological advancements in insurance practices.
6. A-cap
- Website: acap.com
- Ownership type: Private
- Headquarters: New York, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Founded year: 1925
- Headcount: 501-1000
- LinkedIn: a-cap
A-cap, officially known as A-CAP Management, is an insurance and investment management firm based in New York City. Founded in 1925, the company has established itself as a significant player in the insurance industry. A-cap provides a variety of products, including life insurance, annuities, and preneed insurance, catering to consumers seeking financial security. Additionally, A-cap supports small to mid-size insurance companies by offering investment management services aimed at improving their financial stability. The firm owns several insurance entities, including Sentinel Security Life and Atlantic Coast Life, which further solidifies its presence in the life insurance market. A-cap operates with a focus on risk management and regulatory compliance, ensuring that it meets the needs of its policyholders and partners effectively.
7. The Northwoods Corporation
- Website: nwcins.com
- Ownership type: Private
- Headquarters: Williamsville, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Founded year: 1994
- Headcount: 51-200
- LinkedIn: the-northwoods-corporation
The Northwoods Corporation, founded in 1994 and based in Williamsville, New York, is a private insurance agency that specializes in a variety of insurance services, including life insurance. With a workforce of approximately 57 employees, the company operates multiple locations throughout upstate New York, allowing them to serve both individual consumers and businesses effectively. Northwoods aims to provide tailored insurance solutions that protect against various risks, emphasizing customer service as a core value. Their life insurance offerings are part of a broader portfolio that includes personal and commercial insurance, showcasing their commitment to addressing the comprehensive needs of their clients. The company has established a network of member agencies and represents numerous insurance carriers, which enhances their ability to offer competitive options in life insurance and other insurance products.
8. Colonial Voluntary Benefits
- Website: colonial-paulrevere.com
- Ownership type: Private
- Headquarters: New York, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Founded year: 1939
- Headcount: 5001-10000
- LinkedIn: colonial-voluntary-benefits
Colonial Voluntary Benefits, operating under The Paul Revere Life Insurance Company, is based in New York, New York. Founded in 1939, the company has carved out a niche in the insurance market by specializing in voluntary benefits and financial protection services. Their product lineup includes life insurance, accident insurance, and disability insurance, catering to individuals, employers, and brokers. The company aims to assist customers in managing the financial risks associated with unforeseen life events. With a workforce of over 5,000 employees, Colonial Voluntary Benefits emphasizes personalized service, offering benefits counseling and support to ensure clients understand their options. Their products are underwritten by The Paul Revere Life Insurance Company and administered by Colonial Life & Accident Insurance Company, showcasing a structured approach to insurance provision. The company has maintained a consistent presence in the market, focusing on the needs of America's workers and their families.
9. Brighton-Pittsford Agency, Inc.
- Website: brightonpittsfordagency.com
- Ownership type: Private
- Headquarters: Pittsford, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Founded year: 1953
- Headcount: 11-50
- LinkedIn: brighton-pittsford-agency-inc
Brighton-Pittsford Agency, Inc. is an independent insurance agency based in Pittsford, New York, serving the Rochester area since 1953. With a team of 11 to 50 employees, the agency specializes in a variety of insurance products, including auto, home, business, and notably, life insurance. The agency prides itself on providing personalized service and comprehensive coverage options tailored to the unique needs of both individual consumers and businesses. By partnering with over 30 insurance carriers, Brighton-Pittsford Agency aims to offer competitive pricing and a range of options for its clients. The agency's long-standing presence in the community and its focus on customer satisfaction highlight its role as a trusted advisor in the insurance market.
10. Dcap Insurance
- Website: dcapinsurance.com
- Ownership type: Private
- Headquarters: Queens, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Founded year: 1982
- Headcount: 11-50
- LinkedIn: dcap-insurance
DCAP Insurance, founded in 1982, is a private insurance agency based in Queens, New York. With a workforce of approximately 37 employees, the company has built a reputation for providing a wide array of insurance products tailored to both individual and business needs. Their offerings include auto, home, commercial, and life insurance, reflecting over 40 years of experience in the industry. DCAP Insurance prides itself on delivering personalized service and competitive rates, particularly for clients in New York's five boroughs and surrounding areas. The agency emphasizes its commitment to customer satisfaction and aims to protect clients' assets through customized insurance solutions. While they have not reported any funding, their long-standing presence in the market indicates a stable operation within the insurance sector.
11. Youplus
- Website: youplus.com
- Ownership type: Venture Capital
- Headquarters: New York, New York, United States (USA)
- Employee distribution: India 100%
- Latest funding: Seed, October 2019
- Founded year: 2014
- Headcount: 51-200
- LinkedIn: youplus-inc
Youplus is an insurance company based in New York, New York, founded in 2014. It specializes in providing a variety of insurance solutions, including life insurance, pension plans, and employee benefits. The company serves both individual consumers and businesses, tailoring its products to meet specific financial security needs. Youplus operates across several European countries, leveraging technology to deliver innovative insurance services. With a workforce of around 37 employees, the company has expanded its operations significantly, acquiring 14 companies and establishing new business operations in countries such as the Czech Republic, Slovakia, Austria, Norway, Switzerland, and Germany. This growth reflects its ambition to create a tech-empowered, people-driven insurance ecosystem that prioritizes client needs and operational efficiency.
12. NYLIFE Securities LLC
- Website: nylifesecurities.com
- Ownership type: Private
- Headquarters: New York, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Founded year: 1969
- Headcount: 1001-5000
- LinkedIn: nylife-securities-llc
NYLIFE Securities LLC is a private insurance and financial services provider based in New York City. Established in 1969, the company operates as a subsidiary of New York Life Insurance Company, which has been in business since 1845. NYLIFE Securities offers a comprehensive range of products, including various types of life insurance, annuities, and investment management services. The company serves individuals, families, and small businesses, focusing on helping clients secure their financial futures and manage risks through tailored financial solutions. With a workforce of over 4,300 employees, NYLIFE Securities emphasizes personalized guidance, connecting clients with agents who understand their unique needs. The company has consistently received high financial strength ratings, reflecting its stability and reliability in the insurance market.
13. Advisors Insurance Brokers
- Website: advisorsib.com
- Ownership type: Private
- Headquarters: Clifton Park, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Founded year: 1991
- Headcount: 11-50
- LinkedIn: national-long-term-care-brokers
Advisors Insurance Brokers, founded in 1991 and based in Clifton Park, New York, operates as a private insurance brokerage. With a team of 22 employees, the company focuses on a range of insurance products, including life insurance, long-term care, annuities, and disability insurance. They cater to consumers seeking financial security and asset protection, emphasizing education and personalized support to help clients make informed decisions. Advisors Insurance Brokers has established itself as a significant player in the insurance brokerage space, particularly in life insurance and related products, by providing tailored solutions and resources to both clients and affiliated advisors.
14. Wysh
- Website: wysh.com
- Ownership type: Private
- Headquarters: Brooklyn, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Founded year: 2020
- Headcount: 51-200
- LinkedIn: string-and-key
Wysh Life and Health Insurance Company, based in Brooklyn, New York, specializes in life insurance and savings products. Founded in 2020, Wysh offers term life insurance and an innovative savings account known as Savings+, which provides life insurance benefits alongside high-yield savings. The company aims to provide financial security and peace of mind to both individuals and businesses. Wysh operates primarily online, allowing customers to manage their policies and claims efficiently. The company has a dedicated customer service team, referred to as Wysh Granters, who assist clients in navigating their insurance needs and claims processes. Wysh is also recognized for its efforts to promote financial inclusivity, particularly through its Life Benefit product, which embeds life insurance into deposit accounts for banking customers. This approach not only enhances customer offerings but also addresses the insurance gap affecting millions of Americans. Wysh is an AM Best A- rated life insurance carrier, indicating a solid financial standing in the industry.
15. PRK Insurance Agency Inc.
- Website: prkinsurance.com
- Ownership type: Private
- Headquarters: Melville, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Founded year: 2008
- Headcount: 11-50
- LinkedIn: prk-insurance-agency
PRK Insurance Agency Inc., based in Melville, New York, is a private insurance agency founded in 2008. With a team of 11 to 50 employees, the agency specializes in providing a wide array of insurance products, including homeowners, auto, flood, business, life, and boat insurance. The agency is dedicated to helping both consumers and businesses protect their assets and manage risks through personalized insurance solutions. PRK Insurance Agency emphasizes customer service, as evidenced by numerous positive reviews highlighting their responsiveness and thoroughness in addressing client needs. The agency operates solely within the United States, focusing on the New York market, and aims to deliver competitive rates and comprehensive coverage tailored to individual client requirements.
16. Cotgreave Insurance Agency
- Website: get-insured.com
- Ownership type: Private
- Headquarters: Ronkonkoma, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Founded year: 1978
- Headcount: 11-50
- LinkedIn: cotgreave-insurance-agency
Cotgreave Insurance Agency, Inc., established in 1978, is an insurance agency based in Ronkonkoma, New York. With a team of 24 employees, the agency provides a comprehensive range of insurance services, including home, auto, business, life, and group benefits. They cater to both individual consumers and businesses, helping clients manage financial risks through tailored insurance solutions. The agency prides itself on its commitment to superior customer service and individualized attention, which has been a cornerstone of its operations for over three decades. Cotgreave operates as an independent agency, representing multiple insurance carriers, which allows them to negotiate competitive insurance solutions for their clients. Their extensive experience in the industry and focus on client relationships contribute to their reputation in the tri-state area, where they serve customers across New York, New Jersey, and Connecticut.
17. The Reis Group
- Website: reisinsurance.com
- Ownership type: Corporate
- Headquarters: Kingston, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Latest funding: $278.0M, August 2018
- Founded year: 2009
- Headcount: 51-200
- LinkedIn: the-reis-group
The Reis Group is an independent insurance agency based in Kingston, New York, with additional offices in Saugerties, Goshen, and Latham. Founded in 2009, the agency has grown to employ around 62 individuals. The Reis Group provides a wide array of insurance products, including auto, home, business, and life insurance, catering to both individual consumers and businesses. They emphasize personalized service, helping clients navigate their insurance needs to find suitable and affordable coverage. The agency works with various reputable insurance carriers, ensuring that clients have access to quality options. Their commitment to customer service is evident in their approach, which treats clients like family. The Reis Group is licensed to operate in multiple states, expanding their potential client base beyond New York. They have also received significant funding, amounting to $278 million, which may enhance their operational capabilities and market presence.
18. Garber Atlas Fries & Associates, Inc.
- Website: gafinsurance.com
- Ownership type: Family Owned
- Headquarters: Oceanside, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Founded year: 1968
- Headcount: 11-50
- LinkedIn: garber-atlas-fries-%26-assoc-inc
Garber Atlas Fries & Associates, Inc. is an independent insurance agency based in Oceanside, New York, established in 1968. Founded by Murray Garber and A. Arthur Strull, the agency has evolved over the years, with leadership transitioning to Steven Garber and his family. The agency prides itself on providing comprehensive insurance solutions, catering to both individual consumers and businesses. Their product offerings include auto, home, business, health, and notably, life insurance. The agency emphasizes risk management and asset protection, showcasing a commitment to client service through personalized consultations and ongoing portfolio reviews. With a team of experienced professionals, including several with industry certifications, Garber Atlas Fries & Associates maintains a strong reputation in the insurance community, focusing on integrity and client satisfaction.
19. MetzWood Insurance
- Website: metzwood.com
- Ownership type: Private
- Headquarters: Chatham, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Founded year: 1913
- Headcount: 11-50
- LinkedIn: metz-wood-harder-insurance-inc-
MetzWood Insurance, founded in 1913, is a family-owned insurance agency based in Chatham, New York. With a team of 22 employees, the company specializes in a range of insurance products, including life insurance, homeowners, auto, and business insurance. MetzWood serves individuals, families, and businesses primarily in the Hudson Valley and Capital Region, emphasizing personalized service and community impact. The agency has built a reputation for its commitment to customer care, leveraging both traditional service values and modern technology to meet client needs. MetzWood actively participates in community initiatives, supporting local organizations and charities, which enhances its standing as a community-focused insurance provider. Their life insurance offerings are part of a broader strategy to provide comprehensive coverage options tailored to the unique needs of their clients.
20. Sellers Insurance
- Website: sellersinsurance.com
- Ownership type: Family Owned
- Headquarters: Athol Springs, New York, United States (USA)
- Employee distribution: United States (USA) 100%
- Founded year: 1920
- Headcount: 11-50
- LinkedIn: charles-j--sellers-%26-co--inc-
Sellers Insurance, based in Athol Springs, New York, is a family-owned insurance agency that has been operating since 1920. With a workforce of approximately 32 employees, the company provides a wide array of insurance products, including life insurance, disability insurance, and homeowners insurance. They cater primarily to individuals and professionals in the medical and legal fields, offering customized insurance solutions that address the specific needs of these groups. Sellers Insurance prides itself on delivering personalized service, which is evident in their in-house claims service and the testimonials from satisfied clients. Their long history in the industry and focus on professional associations, such as the Medical Society and Bar Association, further solidify their relevance in the life insurance market.
Life Insurance Insights: Key Companies in New York
Company | Headquarter | Size | Founded | Ownership |
---|---|---|---|---|
Global Atlantic Financial Group | New York, New York, United States (USA) | 1001-5000 | 2004 | Private Equity |
Fabric by Gerber Life | Brooklyn, New York, United States (USA) | 11-50 | 2015 | Corporate |
Prosperity Life | New York, New York, United States (USA) | 201-500 | 1916 | Private Equity |
Agent Support Group | New York, New York, United States (USA) | 11-50 | 1973 | Corporate |
Hometown Insurance Agency of LI Inc | Bohemia, New York, United States (USA) | 11-50 | 1979 | Family Owned |
A-cap | New York, New York, United States (USA) | 501-1000 | 1925 | Private |
The Northwoods Corporation | Williamsville, New York, United States (USA) | 51-200 | 1994 | Private |
Colonial Voluntary Benefits | New York, New York, United States (USA) | 5001-10000 | 1939 | Private |
Brighton-Pittsford Agency, Inc. | Pittsford, New York, United States (USA) | 11-50 | 1953 | Private |
Dcap Insurance | Queens, New York, United States (USA) | 11-50 | 1982 | Private |
Youplus | New York, New York, United States (USA) | 51-200 | 2014 | Venture Capital |
NYLIFE Securities LLC | New York, New York, United States (USA) | 1001-5000 | 1969 | Private |
Advisors Insurance Brokers | Clifton Park, New York, United States (USA) | 11-50 | 1991 | Private |
Wysh | Brooklyn, New York, United States (USA) | 51-200 | 2020 | Private |
PRK Insurance Agency Inc. | Melville, New York, United States (USA) | 11-50 | 2008 | Private |
Cotgreave Insurance Agency | Ronkonkoma, New York, United States (USA) | 11-50 | 1978 | Private |
The Reis Group | Kingston, New York, United States (USA) | 51-200 | 2009 | Corporate |
Garber Atlas Fries & Associates, Inc. | Oceanside, New York, United States (USA) | 11-50 | 1968 | Family Owned |
MetzWood Insurance | Chatham, New York, United States (USA) | 11-50 | 1913 | Private |
Sellers Insurance | Athol Springs, New York, United States (USA) | 11-50 | 1920 | Family Owned |
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