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Industry Leader Seeks Women Life Insurance Agents

New York Life to Hire More Than 1,000 Women Agents

Compelling Statistics: Time is Right for New Career for Women

NEW YORK, N.Y., June 23, 2011 — New York Life Insurance Company, America’s largest mutual life insurance company, is focused on recruiting more than 1,000 women agents in 2011.

“Our women agents are very vocal about the benefits of a career with New York Life, recognizing the value of having their own financial services practice with the backing of a Fortune 100 company,” said Jane Conti, vice president in charge of Women’s Market, New York Life. “Whether you’re a teacher, coach, nurse, real estate agent or entrepreneur, this might be the career for you. We’re also finding that women agents are particularly sought after by the increasing ranks of female consumers with growing financial objectives.”

Barbara Bobbin-Wilkinson, a successful agent with New York Life for 20 years and mother of two young children, stated, “Becoming a life insurance professional provided an ideal opportunity for me to build a career in a stable industry with strong earnings potential, combined with the advantage of having a schedule that I am able to integrate with life’s demands. This is an ideal career for professional women who seek the ability to provide for themselves and value what they can bring to families and businesses in their communities.”

Recent employment data reflect challenges for working women. According to a new report by the National Women’s Law Center, women lost about three in every 10 jobs cut between December 2007 and June 2009, but filled fewer than one in every 10 jobs since job growth picked up in 2010. At the same time, the White House Council on Women and Girls recently released a report* noting that women have made enormous progress on some fronts: Not only have women caught up with men in college attendance, but younger women are now more likely than younger men to have a college or master’s degree. The report also highlights that as women’s presence in the workforce has increased, their earnings constitute a growing share of family income.

“While the financial crisis has been difficult for women, the indicators are there that women have the education and the desire to succeed. And with a powerful brand like New York Life standing behind our agents, this is an ideal time for qualified women to consider this potentially life-changing move,” Mrs. Conti said.

Earlier this year, New York Life launched a new career Web site, www.newyorklife.com/careers, for jobseekers that provides easy access to information about the benefits of a career in life insurance and financial services for individuals at all stages of their professional development, as well as opportunities in management.

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 from all four of the major credit rating agencies. 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 institutional and retail mutual funds. Please visit New York Life’s Web site at www.newyorklife.com or www.newyorklife.com/careers for more information. In addition, New York Life has a Web site dedicated to women who are may be interested in a career with New York Life at www.nylcareersforwomen.com. New York Life has also launched a toll-free information number to provide answers to questions regarding careers in life insurance at 1-800-497-0849. New York Life is an equal opportunity employer.

*Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, May 5, 2011. See http://money.cnn.com/magazines/fortune/fortune500/2011/faq/ for methodology.
***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.