NEW YORK, N.Y., NOVEMBER 14, 2007 – New York Life Insurance Company announced today that Patricia L. Barbari has been elected a senior vice president in the Individual Policy Services (IPS) department reporting to Executive Vice President and Chief Administrative Officer Frank Boccio.

Ms. Barbari is now responsible for the IPS department’s new business operations for the Agency channel. She will retain responsibility for overseeing IPS General Office Administrative Services and Agent Contracting and Licensing. In addition, she has assumed responsibility for underwriting operations and annuity new business.

Ms. Barbari began her career with New York Life in 1989 as a director in the Corporate Quality Department, and in 1991 was promoted to assistant vice president. Beginning in 1991, she spent four years in the Corporate Audit Department as an assistant general auditor responsible for managing audits of individual operations. She transferred to the company’s Individual Policy Services Department in 1995 and was promoted to first vice president in 2006. Prior to joining New York Life, Ms. Barbari was the manager of the call center at a leading data processing firm in the advertising industry.

Ms. Barbari received a Bachelor of Arts degree from Duke University and a Master of Business Administration from Columbia University. Since 1996, she holds the designation of a certified internal auditor. She is also a Registered Principal for NYLIFE Securities.

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 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 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.

Please visit New York Life’s Web site at www.newyorklife.com and www.guaranteesmatter.com for more information.

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