Mutual of New York Insurance Company

Mutual of New York Insurance Company
Syracuse, NY 13221-4707
(800) 487-6669

Mutual of New York Insurance Company (MONY) is affiliated with MONY Group, a family of companies which became wholly owned subsidiaries of AXA Financial, Inc. on July 8, 2004. MONY has been providing quality insurance products since 1842. Its head office is located in New York, and the company is licensed to deliver its products and services through retail and wholesale distribution channels in all 50 of the United States, the District of Columbia, the U.S. Virgin Islands, Guam, and the Commonwealth of Puerto Rico. It also has operations in other countries such as Argentina, Brazil, Jamaica, Mexico, Peru and Venezuela through MONY Life Insurance Company of the Americas.

MONY provides life insurance, asset accumulation, retail brokerage products and services to private individuals, institutions and corporations. MONY offers a wide array of individual life insurance products such as term life, whole life, universal life, variable universal life, corporate-owned life, last survivor whole life, last survivor universal life, last survivor variable universal life, group universal life, and special-risk products. There are also flexible premium variable annuities, single premium immediate annuities, single and flexible premium deferred annuities, investment management services, proprietary mutual funds, and other financial products provided by the company.

Additionally, MONY supplies various financial services, such as trading, investment banking, securities brokerage, trust, and asset management services. The company handles merger and acquisition services for a middle market client base. It likewise manages customer trades mostly in securities and mutual funds. MONY also gives its career agency distribution system the right to use other non-proprietary investment products, including stocks, bonds, tax-exempt unit investment trusts, limited partnership interests, and other investment securities.

Superior financial strength and stability is one advantage of MONY, proven by the high ranks given by insurance rating services. A.M. Best ranks MONY with A+; Standard and Poor’s with A+; Moody’s with Aa3; Fitch with AA; Weiss Research with C; and Comdex with 80 percent. In addition, MONY has total admitted assets of $20,581,429.

Excellent customer service is another feature of MONY. MONY clients can get into their policy and contract information online. They can also carry out transactions by registering in MONY’s online system. MONY provides service request forms and downloadable resources available to clients for significant as well as additional information. Life and annuity customers can avail of electronic deliveries, such as confirmation notices, annuity quarterly statements, prospectus, privacy policy and related communications. MONY provides adequate details about account values, beneficiary information, death benefits, financial professional, lost contract and contributions in its web portal. For its annuities customer service, it provides particulars and forms on auto rebalance, beneficiary, dollar cost averaging, allocate current payment, systematic payment, systematic withdrawal, claim for death benefits, and lost or destroyed contract. You are made sure that your needs and requests are met with utmost concern and care from MONY’s customer service.

MONY has also been active in helping communities, such as its financial assistance, along with large and small banks, in building a $28 million hydroelectric dam project in Massachusetts in 1976. Furthermore, The MONY Building, a Midtown Manhattan office tower named more than a half century ago for the company, was an architectural attraction, and the inspiration for the 1960’s pop hit “Mony Mony,” by American rock band Tommy James and the Shondells. When MONY was acquired by AXA in 2004, half of the 600,000-square-foot office tower at 1740 Broadway, at 56th Street was leased.

Insurance Quotes

Compare Insurance Quotes Today... Save up to 70%

Insurance Articles

More Insurance Articles >>

Insurance Resources