Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

Full Bio →

Written by

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Mar 19, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Amalgamated vs. New York Life

Insurance is an item considered by any type of adult household, whether it is for a single individual, a couple, or even for a family with children. Insurance may be needed for a variety of items, such as for a vehicle or for a house or even for the length of life. Insurance companies today offer a variety of life insurance products to fit the various needs of the consumer. Two such insurance providers are Amalgamated Life and New York Life Insurance Company.

Enter your ZIP code into our FREE quote comparison tool at the top of the page to start saving on your insurance today!

Amalgamated Life

Amalgamated Life was known as “America’s Labor Insurance Company.” Founded in 1943 and with its headquarters located in White Plains, New York, the company originally focused and still focuses on a specific section of the population, the labor community. The company has been given a financial rating by AM Best as “A”.

Compare Insurance Providers Rates to Save Up to 75%

 Secured with SHA-256 Encryption

Types of Insurances Offered

Amalgamated Life offers insurance products in the following areas:

  • Life
  • Disability
  • Accidental Death & Dismemberment
  • Medical Stop Loss
  • Voluntary

Life Insurance

Group term life policies are available that offer many features. Flexibility in benefits amounts is offered, as well as the ability to convert the policy into a permanent, individual type, without the need for additional medical underwriting.

Additional options include:

  • Dependent Life
  • Retiree Life Coverage
  • Supplemental Life

Other Insurance Types

Disability insurance is offered as either a short term type or long term type, and provides additional income protection in case of disability. Accidental Death & Dismemberment insurance will provide coverage up to the amount of the coverage currently in force in case of accidental death and dismemberment. Medical Stop Loss is offered as either a specific type or aggregate type.

Voluntary, or optional, insurance products include the following:

  • Workers Life Level
  • Critical Illness Protection
  • Employee Life Option

Compare Insurance Providers Rates to Save Up to 75%

 Secured with SHA-256 Encryption

Affiliated Companies

Through affiliated companies, Amalgamated Life offers additional products, including medical management services, third party administration services, management liability, and professional liability. However, these products are from the perspective of a business company needing these types of services and not geared toward an individual consumer.

Another New York based company offering insurance products is New York Life Insurance Company. However, New York Life Insurance Company offers investment products as well as life insurance products to help consumers save and plan ahead.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

 Secured with SHA-256 Encryption

New York Life Insurance Company

New York Life Insurance Company was found in 1845. Being in business for over a hundred and sixty years, this company has a well established reputation in the life insurance industry. The company headquarters are located in New York City, New York. As a Fortune 100 company and with over 60,000 license agents, there is sure to be a local agent nearby to assist.

Types of Insurance Offered

New York Life Insurance Company offers a variety of variable and term life insurance policies as listed below:

  • Term Life
  • Universal Life
  • Variable Universal Life
  • Whole Life
  • Single Premium Life
  • Survivorship Life
  • Long Term Care
  • Corporate Life
  • Bank-Owned Life

Term life policies may range anywhere from 10 years to 20 years. Family protection insurance may be added as an option. Term policies may also be converted if desired, with time of conversion dependent on the type of term policy. Variable life policies have many options, as listed above, to meet the variety of needs expressed by the consumer. The consumer may be an individual or a business.

While many purchase life insurance as a way to plan ahead for the financial needs of the family, New York Life offers other investment products to also assist in financial planning.

Compare Insurance Providers Rates to Save Up to 75%

 Secured with SHA-256 Encryption

Other Products Offered

Deferred variable annuities and fixed annuities are only two examples of investment products offered by New York Life to assist in building retirement income and security for its customers. Guaranteed lifetime income and mutual funds products are also offered to help individuals and families save for the future.

New York Life also offers additional insurance products through sponsored marketing products. These products are offered by other insurance companies are not manufactured by New York Life:

  • Individual Health
  • Group Health
  • Disability Income
  • Impaired Risk Life and Annuity

Comparison Between Companies

Both companies offer insurance products, but Amalgamated Life focuses on offering products that are of importance to those in the labor industry. They focus on providing some type of insurance coverage in case something happens that prevents the insured from working. New York Life focuses on life insurance and investment products.

Through its sponsored relationship with other insurance companies, other types of insurance products may be available. New York Life is a much larger company and thus with a larger scope of influence in the U.S. and throughout the world. With its larger resources, it may be better known to the public compared to Amalgamated Life.

Both companies have a positive reputation in the insurance industry, with “A” rated financial status. They both offer similar types of life insurance products. However, neither company directly offers other types of insurance products that the average consumer may need, such as vehicle insurance, property insurance, or even some type of medical or health insurance.

The consumer would have to seek another insurance company to meet those types of insurance needs. Other life insurance companies which offer these other insurance products and offer an all-in-one resource may be more appealing to the consumer shopping and comparing insurance products.

Some insurance policies and coverage options may not be available in all states. Rates and options can vary with each type of policy. A local insurance professional should be consulted for more detailed information.

Shopping around for insurance can be a real hassle. Eliminate the hassle by entering your ZIP code into our FREE quote comparison tool at the bottom of the page to start saving today!