The company has paid dividends for 168 consecutive years, which is the second-longest of the 91 companies we reviewed. This is one reason it’s our choice for the best whole life insurance company. Policies are eligible for dividends: Although not guaranteed, New York Life’s whole life policies are eligible for annual dividends.It has an A++ (superior) rating from AM Best, which is the highest possible financial strength grade. Excellent financial stability: New York Life is the oldest insurance company we reviewed.
