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New York Life Agent Marvin Feldman Awarded Highest Honor Given by the Life Insurance Industry

Wins 2011 John Newton Russell Memorial Award 27 Years After His Father Won

NEW YORK, N.Y. April 28, 2011 — New York Life Insurance Company today announced that The National Association of Insurance and Financial Advisors (NAIFA) has named Marvin H. Feldman, one of New York Life’s top agents for decades and currently the president and CEO of the Life and Health Insurance Foundation for Education (LIFE), as the recipient of the 70th annual John Newton Russell Memorial Award.

The Russell award is the highest honor accorded by the insurance industry to a living individual who has rendered outstanding services to the institution of life insurance. Mr. Feldman’s father, Ben Feldman, a legendary figure in the life insurance industry and also a New York Life agent until his death, was a past recipient of this prestigious award in 1984. This marks the first time in the 70-year history of the award that one family can claim two winners of the award.

Mr. Feldman will receive the award September 13, 2011, at the NAIFA Career Conference and Annual Meeting in Washington, D.C.

“All of us at New York Life applaud Marv for this tremendous honor, which recognizes the best of the best in our industry and represents an impressive tradition in his own family,” said Mark W. Pfaff, executive vice president, New York Life. “Marv is a very deserving recipient of this coveted award having built a remarkable career of more than four decades in this industry. His outstanding reputation for integrity and humanity and his superior industry knowledge are truly his legacy to New York Life and all agents across the country. In fact, Marv is a recognized industry leader around the world and it is an honor for our company that both he and his father represented New York Life.”

The Feldman family has two other members active in the life insurance industry. Marv’s brother, Richard, is a 43-year agent with New York Life and operates The Feldman Agency in East Liverpool, Ohio, where father Ben had his base of operations. Richard’s daughter, Wendy, is a 26-year agent with New York Life, based in Chandler, Arizona. She founded The Feldman Agency there in 1986. The Feldmans have clients across the entire United States.

“I’m proud and humbled at the same time to be honored by the industry with the John Newton Russell award nomination. We are part of a unique industry that truly helps people, often at the most critical time of their lives, and now in my later career I’ve tried to give something back to the industry by working with industry groups to keep it strong and growing. I’ve been so proud to be a part of this great industry and equally proud, as Ben was, and as Richard and Wendy are, to represent such a strong and vibrant company as New York Life. New York Life has stood behind us all of these years as we worked to provide the safety and security our clients deserve,” said Marv Feldman. Mr. Feldman has addressed groups across the United States and in 34 countries around the world, and has published numerous articles in professional journals.

Mr. Feldman entered the life insurance business in 1967 as a New York Life agent and held management and leadership positions with New York Life before becoming a partner in The Feldman Agency in East Liverpool, Ohio, and president of Feldman Financial Group in Clearwater, Florida. Since being named president and CEO of LIFE in December 2007, Mr. Feldman has been the leading voice in educating the public on the importance of life and health insurance and the crucial role of insurance agents. He had previously served as chairman of the LIFE Board of Directors while running his insurance and financial planning practice in Florida. He holds a number of industry designations including Chartered Life Underwriter (CLU), Chartered Financial Consultant (ChFC) and Registered Financial Consultant (RFC). He is a graduate of Ohio State University.

Mr. Feldman is a former president of the prestigious MDRT* as well as a 37-year member of the group, which admits less than one percent of the world's life insurance and financial services professionals who achieve a high standard of sales excellence. He was named to Insurance Newscast’s 2009 and 2010 lists of the 100 most powerful people in the insurance industry in North America.

Mr. Feldman continues to have deep roots in Ohio. His past and present civic leadership includes:

  • East Liverpool City Hospital board and former chairman of the board
  • Columbiana County Financial Oversight Committee, former member
  • 1st National Community Bank, founder and former director
  • Tri State 1st Bank, former board member
  • Congregation Beth Shalom, former board member and secretary
  • United Jewish Appeal for East Liverpool, former chair
  • East Liverpool High School, distinguished alumni award recipient
  • East Liverpool Chamber of Commerce, former member for small business loans

Mr. Feldman resides in Palm Harbor, Florida, with his wife, Vicki. They have two daughters and four grandchildren.

About the John Newton Russell Memorial Award

John Henry Russell created the John Newton Russell Award in 1942 as a tribute to his father, an influential leader in the life insurance industry and an early advocate of agent education. John Newton Russell served as NAIFA (then NALU) president from 1916 to 1917 and was a contributing founder of LIMRA International, The American College and the Chartered Life Underwriter (CLU) designation.

About New York Life

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 for more information.

*Formerly known as the Million Dollar Round Table.

**New York Life is the largest mutual life insurance company based on the Fortune 500, ranked within industries, Insurance: Life, Health (Mutual), Fortune magazine, May 3, 2010.

***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.

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