Judith Vance Joins New York Life as Senior Vice President and Chief Human Resources Officer

Seasoned HR Executive To Head Company’s Human Resources Department

NEW YORK, N.Y., October 30, 2006 — New York Life Insurance Company announced today that Judith Vance has joined the company as senior vice president and chief human resources officer, reporting to Executive Vice President Sheila K. Davidson.

Ms. Vance will be responsible for all aspects of New York Life’s human resources activities, including talent management, compensation and benefits, human resources consulting, and the Human Resources Service Center.

“Judy is an accomplished human resources executive with insurance industry experience and a proven track record in talent management,” said Sy Sternberg, chairman and chief executive officer, New York Life Insurance Company. “We are extremely pleased to have Judy joining New York Life and look forward to her contributing to New York Life’s continued success.”

Ms. Vance began her career at Aetna where she served in both line and human resources functions, including head of new business for the life insurance, annuity and retirement businesses and head of human resources for the financial services division. After more than two decades with Aetna, Ms. Vance moved to Prudential Financial, where she served seven years in a number of senior human resources positions. With Prudential Securities she was responsible for all human resources activities for the broker/dealer’s 16,000 employees and served on the firm’s operating committee. Ms. Vance was most recently senior vice president and chief human resources officer with Moody’s Corporation.

Ms. Vance is a magna cum laude graduate of Assumption College with a Bachelor of Arts degree.

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. Headquartered in New York City, New York Life’s family of companies offers life insurance, annuities and long-term care insurance. New York Life Investment Management LLC 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.

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