New York Life Donates Up To $100,000 To Relief Efforts In The Philippines
NEW YORK, November 18, 2013 — New York Life announced today it will provide a $75,000 grant to the American Red Cross (earmarked for Typhoon Haiyan) and make an additional $25,000 available to match gifts made by agents and employees to the American Red Cross, Friends of the World Food Program, and Save the Children.
Ted Mathas, chairman and CEO of New York Life, said, “The entire New York Life family extends our deepest sympathy to all the people affected by Typhoon Haiyan. In support of our employees, agents and policyholders who have relatives in the affected areas, the company is making a contribution to help the Filipino people recover from one of the most powerful storms on record.”
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 currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).** 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 retail mutual funds. Please visit New York Life’s website 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 20, 2013. See http://money.cnn.com/magazines/fortune/fortune500/2013/faq/?iid=F500_sp_method%20 for methodology.
**Individual independent rating agency commentary as of 8/1/13.
***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.