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Following World War II, New York Life further diversified; it invested in real estate development in the late 1940s and launched a mortgage-loan program for veterans in 1946. [15] In 1957, New York Life hired one of the industry's first black agents, Cirilo McSween. [8] [18] In the 1970s, New York Life began selling annuities and mutual funds. [15]
New York Life Investment Management LLC [1] is a U.S. investment management company based in Jersey City, New Jersey.Founded in 1986, New York Life Investment's parent company is New York Life Insurance Company, the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world, ranking #71 on the 2023 Fortune 500 list.
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The Mutual Life Insurance Company of New York (also known as Mutual of New York or MONY) was the oldest continuous writer of insurance policies in the United States. Incorporated in 1842, it was headquartered at 1740 Broadway , before becoming a wholly owned subsidiary of AXA Financial, Inc. in 2004.
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