New York Life Insurance Company (NYLIC) is the third-largest life insurance company in the United States,[5] the largest mutual life insurance company in the United States[6] and is ranked #67 on the 2021 Fortune 500 list of the largest United States corporations by total revenue.[7] NYLIC has about $593 billion in total assets under management, and more than $25 billion in surplus and AVR.[8] In 2019, NYLIC achieved the best possible ratings by the four independent rating companies (Standard & Poor’s, AM Best, Moody’s and Fitch).[9] Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.