Annual Percentage Rate Calculator (APR)

As a New York Life policyholder, you can often choose among several different premium payment options (annual, semi-annual, monthly - automatic bank draft). Inforce New York Life policyholders may also be on a Quarterly option. The, semi-annual, quarterly, and monthly options result in higher total yearly costs. Reasons for these higher costs include additional collection costs and the fact that the company does not have use of the entire premium amount at the beginning of each policy year.

The difference between the total semi-annual, quarterly or monthly premiums for the year and the annual premium can be expressed in the form of an annual percentage rate (APR). If you would like to know the amount of your APR, you can enter the premium amounts and premium frequency below and click "Calculate."

Please note you have the right to change your premium payment method to any of the available options at any time during the life of your policy. If you have any questions, please log into our Service Center at:

Enter annual premium ($) 
Choose payment mode 
(Modal) payment amount ($) 
The results and explanations generated by this calculator may vary due to user input and assumptions. New York Life Insurance Company does not guarantee the accuracy of the calculators, results, explanations, nor applicability to your specific situation. We recommend that you use this calculator as a guideline only and you ultimately seek the guidance of an experienced professional.

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