Mortgage Experience

Whole life policies are issued by New York Life Insurance Company (”NYLIC”). Term life policies are issued by NYLIFE Insurance Company of Arizona (NYLAZ), a wholly owned subsidiary of NYLIC, except in New York, where it is issued by NYLIC. NYLAZ is not authorized in New York and does not conduct insurance business in that state. Universal life policies are issued by New York Life Insurance and Annuity Corporation (NYLIAC). Variable universal life policies are issued by New York Life Insurance and Annuity Corporation (NYLIAC) (A Delaware Corporation) and distributed by NYLIFE Distributors LLC, Member FINRA/SIPC.

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51 Madison Avenue New York, NY 10010 www.newyorklife.com SMRU8260249 (Exp.08.12.2028)

New York Life Insurance Company

2 Term life offers temporary protection for critical periods of life and typically costs less than permanent life insurance which offers additional features and benefits.

1 finance.yahoo.com.

5 newyorklife.com

4 Available benefits will depend on the type of policy purchased. Any death benefit paid to the beneficiary(ies) is typically free from federal income taxes. Accessing the cash value of a permanent life insurance policy will reduce the available cash surrender value as well as the death benefit.

3 Products and riders are available in approved jurisdictions. Names and features may vary, and fees may be involved. Please check with your agent for additional details.

Important Information

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New York Life Mortgage Protection

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Enjoy two layers of protection.

With two layers of protection, you can rest easy knowing your family will be protected throughout the length of your mortgage—and beyond.

Unlike other mortgage protection strategies, ours gives you two layers of protection.

It’s as easy as one, two…well, that’s pretty much it.

Cover your mortgage payments—just in case.

By combining the benefits of two types of life insurance coverage, this approach helps make sure your family will receive enough cash to retire the mortgage or keep up the payments if you die prematurely.

Here’s how this approach can help.

Now that all the boxes are unpacked and the pictures have been hung, the time has come to relax and enjoy your new home. Mortgage protection can help by addressing many of the financial objectives homeowners have. Unlike homeowners insurance, which protects your property against loss or damage, this customized life insurance solution protects your family’s ability to remain in the home they love—even if you pass away before the mortgage is paid off.

Give yourself—and your loved ones—peace of mind.

Three important reasons to protect your home.

3 It’s a binding commitment.

2 It’s an extremely valuable asset.

1 It’s the center of your family.

Your mortgage is a legally binding contract that typically lasts between 15 and 30 years. Since anything can happen during that time, it’s important to make sure your loved ones have the financial resources in place to be able to fulfill their obligations.

A home is probably the single largest purchase most of us will make. In many cases, it also happens to be one of the best. Since 2020, home prices in the U.S. have increased by nearly 50%, so homeownership can be a solid long-term investment.

Your home is so much more than a roof and four walls—it’s a place where your children grow, friends gather, meals are shared, and memories are made. In short, it’s the focal point of your life and the center of all family activity.

and then

THERE’S PROTECTING YOUR HOME

THERE’S PROTECTING YOUR HOUSE

As a homeowner, you have so much to look forward to: exploring the neighborhood, making new friends, and creating memories your family will cherish for the rest of their lives. That’s why mortgage protection from New York Life makes so much sense.

It’s more than a house… it’s your home.

Smiling mother and father outdoors, with their young daughter sitting on the father's shoulders; a modern house is visible in the background.

Mortgage protection from New York Life:

A customized life insurance solution for homeowners.

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Father giving his son a piggyback ride in the backyard while the mother watches from the terrace.

Provide protection that may cost less—so you don’t have to cut corners.

As a new homeowner, the last thing you need is another major financial commitment. That’s why this approach relies heavily on term life insurance, since term premiums are typically lower than permanent life premiums in the early years of coverage.

Since no one really knows what the future has in store, mortgage protection from New York Life gives you the ability to make changes to your coverage over time. You can add riders, adjust your product mix, and even convert some of your coverage as allowed. And, unlike most lender sponsored plans, you can take this coverage with you if you decide to change homes in the future.

Secure portable coverage—because plans change.

Family and friends of all ages gathered around a backyard dinner table, enjoying food and drinks during a garden party.

Your financial professional can help you find the right combination of product solutions to fit your needs and budget. Term life offers customizable short-to medium-term protection, and there are many solutions that offer long-term protection, such as whole life or universal life.

COMPLETE MORTGAGE PROTECTION

LONG-TERM PROTECTION

SHORT- TO MEDIUM-TERM PROTECTION

Long-term protection to cover the entire length of your mortgage.

Short- to medium-term protection when your mortgage debt is highest.

Years 15–20

Year 1

Years 30+

You can use your remaining coverage to protect your family’s lifestyle, create a tax-free inheritance for your loved ones, or possibly help generate income for retirement.

Even after your mortgage is paid off, your coverage continues.

With mortgage protection from New York Life, you decide how long to keep your short- to medium-term protection—depending on your needs.

Why pay for what you don’t need?

With mortgage protection from New York Life, you are free to use any combination of short- and long-term protection. Your New York Life financial professional can help analyze your needs and design a life insurance solution that fits within your budget. • Your mortgage balance • The amount of protection you need • Any coverage you may already have in place Given the length of your mortgage, and the fact that your home may be your most valued investment, it’s important to get your mortgage protection from a company that you can count on today—and tomorrow. As a new homeowner, you can take comfort in the fact that this life insurance coverage is backed by New York Life—a company with decades of proven financial strength.

You don’t have to do it alone.

Like you, we’re in it for the long run.