New York Life Insurance Company, a Fortune 100 company headquartered in New York City, is a mutual life insurance company providing financial services to individual and business customers. New York Life and its affiliates offer traditional life insurance and annuities. The company also provides institutional asset management and trust services. NYLIFE Securities, a subsidiary of the company, provides a variety of securities products and services including institutional and retail mutual funds including 401(k) products. The company was founded in 1845 as Nautilus Insurance Company and became New York Life Insurance Company in 1849. It has received industry ratings of A++ from A.M. Best Company. New York Life Insurance Company has offices throughout the United States, including Downers Grove, Ill. The company also has offices in Argentina, China, Hong Kong, Mexico, Taiwan and South Korea.