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Four New York Life Executives Join Boards of Bereavement-Focused Nonprofits Dedicated to Helping Young People Deal with Grief

Twitter Chat Scheduled for February 7th

NEW YORK, N.Y., January 30, 2013 — New York Life announced today that Senior Vice President Angela Kyle and Managing Partners Thomas Krach, Mark Madgett, and Frank Scarpa have joined the boards of nonprofit organizations focusing on childhood bereavement.

Ms. Kyle was named to the board of Comfort Zone Camp (CZC), one of the nation’s largest free bereavement camps, which serves children aged seven to 17 who have lost a parent, sibling or primary caregiver. Mr. Madgett, managing partner of New York Life’s Seattle General Office, was named to the board of The Moyer Foundation, which created Camp Erin, another of the largest free camps in the country for children and teens who are grieving a loss. Mr. Krach, managing partner of New York Life’s Columbus Ohio General Office and Mr. Scarpa, managing partner of New York Life’s Northern Ohio General Office, were named to the board of Cornerstone of Hope, a support center for grieving children, teens and adults in Ohio.

“The personal commitments Angie, Thomas, Mark and Frank are making to these bereavement organizations illustrate what New York Life is all about. They’re giving their time and talents for the benefit of young people who are affected by the death of a loved one, which is an issue New York Life is committed to addressing,” said Chris Park, president of the New York Life Foundation.

Ms. Kyle is chief marketing officer of the company’s Insurance Group and is responsible for expanding the market for New York Life’s products through targeted marketing and lead generation strategies. She joined New York Life in 2009. Prior to New York Life, she held key positions with TIAA-CREF, Bank of America, and Wachovia. Ms. Kyle received a B.A. in Marketing from the University of Houston and now resides in New York City. She and her husband, Mike, have five children.

Mr. Krach began his career with New York Life in 1997 as partner of the Northern Ohio General Office. He was promoted to senior partner in 2000 and was named managing partner of the Columbus General Office in 2009. Prior to New York Life, he held positions of increasing responsibility at Prudential. He has been recognized by industry organizations including GAMA, MDRT and NAIFA. Mr. Krach received a B.S. in Accounting from Bowling Green State University. He resides in Powell, Ohio, with his wife, Michelle, and their two children.

Mr. Madgett, managing partner of New York Life’s Seattle General Office, has been with New York Life for 25 years, starting as an agent in 1986 in Denver, Colorado. He held positions of increasing responsibility and was named managing partner in Seattle in 1998. He has been recognized by industry organizations including GAMA and NAIFA. Mr. Madgett received a B.S. in Business from St. Mary’s College in California and resides in Sammamish, Washington, with his wife, Lizanne.

Mr. Scarpa, managing partner of New York Life’s Northern Ohio General Office, has been with the company for 15 years, starting as a partner in Saddle Brook, New Jersey. He held positions of increasing responsibility and was named managing partner of New York Life’s Northern Ohio General Office in September, after serving as managing partner of the Manhattan General Office. He has been recognized by industry organizations including GAMA, MDRT and NAIFA. He continues to serve on the board of trustees of the GAMA Foundation, a nonprofit organization that serves the financial services industry. Mr. Scarpa recently relocated to the Cleveland area with his wife, Maria, and their eight children.

Twitter Chat Scheduled as a Forum for Discussion

Beginning in 2008, when the Foundation expanded its focus to include childhood bereavement, New York Life has been leading efforts to broaden the national discussion on this topic. As part of that effort, New York Life will hold its next Twitter Chat on Thursday, February 7 at 5 PM Eastern Time. Moderating the educator-focused chat will be Chris Park, president of the New York Life Foundation, who will be joined by bereavement experts to provide educators with insights, tips and various resources they can use to assist grieving students. Participants will also learn the results of the first-ever educator survey on childhood loss, sponsored jointly by the American Federation of Teachers and the New York Life Foundation. The upcoming chat can be found by using #NYLTips on Twitter, and is easily viewable at http://tweetchat.com/room/NYLTips.

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 Web site 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 21, 2012. See http://www.money.cnn.com/magazines/fortune/fortune500/2012/faq/ for methodology.
** Source: Third Party Ratings Reports as of 12/11/12.
***New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.