New York Life Donates $100,000 to Relief Efforts in Oklahoma
NEW YORK, May 24, 2013 – New York Life announced today it will donate $100,000 to the relief efforts in Oklahoma with a $50,000 donation to the American Red Cross and a $50,000 donation to one or more local nonprofit organizations to be determined in the months ahead.
Ted Mathas, chairman and CEO of New York Life, said, “On behalf of the entire New York Life family, we extend our heartfelt sympathy to all those touched by the tornado that struck the suburbs of Oklahoma City. Our thoughts are with the families, the rescue workers and the volunteers who, in the midst of catastrophic destruction, are working tirelessly to recover from this tragedy. Accordingly, the company will be making a contribution to help the people of Moore and the surrounding areas begin the recovery process.”
New York Life customers are eligible for crisis relief. For those who are in immediate financial need, New York Life can quickly provide emergency loans against the cash value of a current policy to help in recovery and rebuilding. New York Life can also assist if a policyholder needs a payment extension for a short time, or if a policy has been lost or destroyed. Policyholders should visit New York Life’s website at www.newyorklife.com or call the toll-free line, 800-695-4331, for assistance.
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).** Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.
*Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune magazine, May 20, 2013. See http://money.cnn.com/magazines/fortune/fortune500/2013/faq/?iid=F500_sp_method for methodology.
**Source: Individual Third Party Ratings Reports as of 2/1/13.
***New York Life Investments is a service mark used by New York Life Investment