School, was kind enough to include designing your life in his new york times letter to the editor. Whole life insurance is a way to invest in your life, with guaranteed protection for your loved ones. New life will connect you to a carefully screened counselor who agrees with our statement dom faith. Often tax free, to help pay for college, retire a mortgage, cover unforeseen emergencies, or even fund your retirement. New york life insurance company is a mutual insurance company, which means it is not publicly traded and has no shareholders.