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New York Life Names Sue Ericksen as Chief Information Officer

NEW YORK, N.Y., September 22, 2011 — New York Life Insurance Company announced today that Senior Vice President Sue Ericksen has been named Chief Information Officer, reporting to Executive Vice President and Chief Administrative Officer Frank Boccio. In this role, Ms. Ericksen is responsible for directing a staff of more than 1,000 technology professionals and setting the strategic technology direction of New York Life as the leader of the company’s Corporate Information Department, which provides a wide range of technology services for New York Life customers, employees and agents.

“While Sue is extremely tech savvy she also has a keen knowledge and understanding of business strategy and the practical application of new technologies in support of our businesses,” said Mr. Boccio. “This combination will help New York Life use technology as a key market differentiator, bringing our agents and employees the tools needed to keep our company at the forefront of our industry.”

Ms. Ericksen replaces Eileen Slevin, who retired this month after 34 years of service with New York Life. Ms. Slevin served as chief information officer since 2007.

Ms. Ericksen joined New York Life in 2009 as chief technology officer and senior vice president, responsible for New York Life’s information technology vision, strategy and planning, overseeing the Enterprise Architecture and Engineering division in the Corporate Information Department. Prior to joining New York Life, she served as chief technology officer at Merrill Lynch Banks where she was responsible for all Information Technology services in support of Merrill Lynch’s U.S. Banks. Before that, she held a number of executive positions at Citigroup, including chief technology officer for CitiCards and chief information officer for CitiFinancial.

Ms. Ericksen holds a B.A. degree from Mount Saint Mary’s College in California. She received an M.S. in Computer Science from the University of Colorado, and considers Denver her adopted hometown. She resides in New York City.

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 financial strength ratings awarded to any life insurer by 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.