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NyLife Health Insurance Company of Arizona

NyLife Health Insurance Company of Arizona is actually a member of New York Life Insurance that serves the state of Arizona. Although New York Life doesn’t provide health insurance, its life insurance products ensure that you and your family will be protected well into the future. New York Life has two offices, one in Scottsdale and another in Tucson, that proudly serve Arizona residents with all of New York Life’s products.

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New York Life has been around for over 150 years and was founded in 1845. You can find an office in any one of the 50 United States and also across the world, in Asia and in Latin America. Its sheer strength in size has enabled the company to earn top marks in every major rating category, for insurance providers, and also earned it a spot on the Fortune 100 list.

NyLife Health Insurance Company of Arizona Lifetime Income

Nearing Retirement?

If so, New York Life can provide you with guaranteed payments for rest of your life! If you happen to be approaching retirement, and you happen to have some savings set aside, NyLife can help you convert those into a consistent earnings stream. You can receive payment from New York Life once a month, once a quarter, twice a year or annually, guaranteed!

At What Rate Will I Earn on my Investment?

New York Life is providing you with a fixed cash flow investment. This means that, regardless of market rates, or outside influences on the economy, you will receive continuous streams of income, for the rest of your life!

NyLife Health Insurance Company of Arizona Long-Term Care

When Should I Buy Life Insurance?

There is no set time frame of when you should look into buying life insurance; however, New York Life can recommend that you do so when you are younger. The reason you might want to buy life insurance when you are younger is because you are generally healthier, and therefore, you will in turn, pay lower premiums.

What influences my premium?

As previously stated, your state of health and your age will primarily determine your premium. The younger you are and the healthier you are, the lower your premiums will be. If you happen to be married, you will have 15% knocked off your rate! Finally, your premium will be locked in for three years at a time, before it is reevaluated, on a class basis

Tax Advantages

The government continually tries to put more money, back into the pockets of American citizens, and one of the ways it can do that is by reducing Medicaid and Medicare. NyLife qualifies for certain tax breaks at both the federal and state level, that the government is offering as a reward to life insurance providers, for giving money back to the American tax payer.

NyLife Health Insurance Company of Arizona Employer Packages

  • Group Carve-Out

With a group carve-out package, you can provide your employees with a death benefit equivalent to three times their salary. For example, if you, as an employee, were making $35,000 a year, your family would receive $105,000 if the policy were to be paid out. As an employer, you also receive another tax benefit, of up to a $50,000 deductible, if the policy is paid out. For values over $50,000, there is a tax, which can be found on New York Life’s website.

  • Payroll Deduction

When an employee elects for life insurance, it enables their employer to add a significant amount of fringe benefits to their current income package. Essentially, if this plan is chosen, employers will be able to boost their employees current benefit packages by nearly 40%. This means, wanted benefits, such as tuition reimbursement, are now possible. This is also a preferred plan, because it is simply deducted from an employee’s paycheck. One does not have to worry about missing any payments, because it is automatically done for them, every pay period!

  • 412(i) Plan

If you are looking to retire in the state of Arizona, NyLife may have the perfect plan for you, even if you started late on searching for the right investment. If you happen to be over the age of 45 and own a highly profitable business with less than five employees, your contributions to the plan will be 100% tax-deductible for the business. What this means is you will be able to prepare for retirement, ensure quality of life for your beneficiaries (after-death), and do it all free of market risk. The 412(i) plan is built on annuities, but it can be combined with life insurance. This makeup, allows for risk aversion from any volatile marketplace.

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