Insurance FAQ
 

Has Anyone Heard Of The Mutual Life Insurance Company Of New York?

Question by volspike2000 | Posted in Insurance

I'm looking for the current name and address of this life insurance company.

Answer: On November 16, 1998, The Mutual Life Insurance Company of New York successfully completed its conversion from a mutual life insurance company to a shareholder-owned company, a process called demutualization. In connection with the conversion, The Mutual Life Insurance Company of New York's name changed to MONY Life Insurance Company.

MONY merged with AXA Financial, Inc., one of the premier U.S. providers of financial protection and wealth management, in July 2004. AXA Financial is a member of the global AXA Group.

Here is AXA`s address:
AXA Financial Corporate Office
AXA Financial, Inc.
1290 Avenue of the Americas
New York, NY 10104
 
 

Is It Legal In New York State For An Insurance Company To Add Someone To The Policy Retroactively?

Question by heat | Posted in Insurance & Registration

My parents' insurance (Liberty Mutual) wants to retroactively add me to the policy for at least the past 2 years, because I was in an accident with their car. I haven't lived there since 2005 because I went away to college, but my license had their address. And I've been on my fiance's lease since may 2008 and have other proof of residence here since at least 2006!

Answer: If you are a full time student, under some circumstances your legal residence is your parents' even though you are not living with them.
The issue may also be regular access to the vehicle. Have you been driving a car of theirs all this time? If so, your choice may be to be added retroactively or face prosecution for fraud or material misrepresentation.
If this was a one-time visit to your folks and you borrowed their car on a one-time basis, I support your going to the insurance commission, but if you have been driving your parents' car full time and not been paying for proper coverage, I would keep the government out of it.

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Which Is Better To Buy Whole Life Insurance From : Demutualised Insurance Company Or Mutual?

Question by rafflesibmnet | Posted in Insurance

New York Life is not demutualised, but Metlife is. some say it better to buy wholelife insurance from non-demutualised insurance company. Is that true? thanks

Answer: Term insurance is SOMETIMES good. But, like in clothing and shoes, NO ONE PRODUCT IS ALWAYS BEST! It ALWAYS depends upon the reason you are buying the insurance as to which one will serve your needs better.

I think if one holds themself out to be a financial professional, they should take care to double check their assertions before they publish them - else, they may have a sizeable claim on their E&O insurance; and, at least in my state, they may be pushing used cars after the state insurance department gets done.

Mr. "Only Those Who Agree With Me Tell Truth" didn't do his math very well. And, to ensure that if he edits, his original post will still

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Insurance And Getting Pulled Over By A Cop?

Question by ja133 | Posted in Insurance & Registration

I am using my grandmother's car for the summer. Our licenses in new York have different addresses on them. The insurance company is allstate, and since we have different addresses, I don't need to be under their insurance policy.
However, I am under the insurance policy for my mom's car and my dad's car. The insurance company is liberty mutual.

If I get pulled over (for a moving violation) in my grandmother's car, will the liberty mutual insurance go up? Besides points, any

Answer: Yes, The liberty insurance MAY go up because it does not matter who's car you were stopped in but it matters that it is on your driving record

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I Have An Interview Tomorrow For A Position As A Financial Services Professional With New York Life ?

Question by Brandon R | Posted in Financial Services

I have an interview tomorrow with New York Life for a sales position selling mutual funds and various insurance products tomorrow and was seeing if anyone had any experience with this company and or the interview process/questions. Also does this sales position require me to achieve my Series 7 license in order to sell these mutual funds? Thank you much for your time.

Answer: Be prepared to sell a lot of insurance which will be your primary product, best wishes in your endeavors.

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Top 100 domestic insurance serving Employee Benefit Brokers Group ...

by live

Agents for the sale of products with a single insurance company, it seems impractical and impossible. This is a win-win-win for employers, employees, and the agent. Although this information is not 100% accurate, it is probably the most accurate information available. This market will find the best insurance schemes which, along with other marketing in many states. Employee benefit brokers need to know where the group plans to meet the needs of their customers. It s a fact that employers can not handle the entire burden of providing a shopping list of the benefits they would their employees....

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