What Caused the Financial Crisis?

It has become painfully clear that the recent financial crisis is a result of a bubble built on inflated expectations and not guarantees.

No Guarantees

There were no guarantees that the amount homeowners were borrowing was within their ability to repay...

No guarantees that housing and stock prices would continue to go up...

No guarantees on the subprime loans banks offered to high-risk borrowers as speculation in residential real estate rose...

No guarantees from the Investment banks that the complex investment products they packaged up and sold were adequately understood...

What can you rely on?

None of these were guaranteed. The bubble burst, and our financial system was brought to the brink of collapse.

So what is guaranteed? What promises can you count on being fulfilled, no matter what?

Protect Yourself Against Future Downturns

New York Life has been a preeminent provider of long-term guarantees for generations. That's our business. We manage risk and help provide peace of mind — guaranteed.

And while many financial institutions were recently forced to turn to the government for assistance, we were the first major insurer to make clear that we did not need nor would we accept any government capital.

What this means is that you can count on New York Life to stand behind our guarantees and keep our commitments to our policyholders, in good times and bad, just as we have for 165 years.

Guarantees that can help you protect yourself against future downturns.