New York Life Donates $100,000 to American Red Cross
NEW YORK, May 5, 2011 – New York Life Insurance Company announced today it will donate $100,000 to the American Red Cross for storm relief efforts in the southeastern, mid-western and eastern United States.
Ted Mathas, chairman and CEO of New York Life, said, “We at New York Life send our heartfelt sympathy and prayers to the families afflicted by the recent storms. The company’s contribution to the Red Cross will get much-needed assistance to the many people in need of relief and provide aid as the area begins to recover.”
Mr. Mathas said that New York Life will immediately donate $100,000 to the American Red Cross to support relief efforts in the affected areas.
For policyholders in immediate financial need, New York Life can quickly provide emergency loans against the cash value of eligible policies to help in recovery and rebuilding. Every New York Life office across the country is open and fully operational. Policyholders should call toll-free 800-695-4331 for assistance.
New York Life Insurance Company, a Fortune100 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.
*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.