New York Life Donates $100,000 To Relief Effort In Japan
NEW YORK, March 21, 2011 - New York Life Insurance Company announced today it will donate $100,000 to the relief efforts in Japan.
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 affected by the devastating earthquake and tsunami in Japan. The families caught in the disaster area and the rescue workers who are working valiantly to save lives have been in our thoughts and prayers since we learned of this tragic event. Accordingly, the company will be making a contribution to help alleviate some of the suffering and to help the Japanese people begin to recover from this disaster."
Mr. Mathas said that New York Life will immediately donate $100,000 to the American Red Cross to support relief efforts in Japan.
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.
*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.