A Quick Guide To An Exciting Opportunity With New York Life And Upromise

Upromise is an exciting opportunity for New York Life customers to receive an additional benefit when they purchase eligible life insurance policies (including variable life policies)¹ and variable annuities.¹ When you purchase an eligible life insurance policy or a variable annuity we will contribute $25 per insurance policy and $40 per variable annuity policy to your Upromise college savings account². These contributions will help you supplement your college savings when transferred into your 529 account. Best of all, Upromise membership is free! Below are useful tips to help you get the full benefit of the New York Life and Upromise Partnership.

Click here for product and state eligibility.

How to Become a Upromise Member

1. Visit the Upromise Web site at www.Upromise.com/nylife  
2. Fill out the enrollment form under “Not a Upromise Member? Join Upromise Free”.
3. View a quick demonstration on how easy it is to become a Upromise member.
   Simply click here for a step by step walk through of the enrollment process.

Upromise Membership Benefits

1. Register your credit, debit and check cards and receive contributions when you use them at thousands of retailers and restaurants that participate in the Upromise service. ^{(Log onto the Upromise Web site for a list of participating merchants.)}
2. Register your grocery and drugstore cards, and every time you use them to buy any of the thousands of participating items you’ll get money back for college.
3. Earn Upromise contributions on many of your everyday purchases.

How to Register Your Eligible New York Life and Subsidiary Products

1. Access your Upromise account online at www.Upromise.com/nylife
2. Click on “Register Your Policy”
3. Follow the simple instructions
4. For instructions on how to go about registering your participating life insurance policy or variable annuity policy, click here to view a quick step by step tutorial.

Variable annuities are long-term investment vehicles used for retirement savings. They represent a contractual agreement in which payment(s) is/are made to an insurance company, which agrees to pay out an income or lump sum amount at a later date. There are contact limitations, fees, expenses, and risks associated with this contract. All guarantees, including death benefit payments are dependent on the claims-paying ability of New York Life Insurance and Annuity Corporation and do not apply to the investment performance or the safety of the underlying investment Divisions in the variable annuity. Please be aware that assets allocated to the investment divisions are subject to market risks and will fluctuate in value. Withdrawals and surrenders may be taxable transactions subject to ordinary income taxes, and if made prior to age 59½, may be subject to a 10% IRS penalty.

Variable life insurance offers permanent life insurance protection, as well as the potential for tax-deferred cash value accumulation within the investments options you select. Any assets allocated to the investment divisions are subject to market risk and will fluctuate in value.

Please call your NYLIFE Securities LLC Registered Representative or call 1-800-598-2019 for product and fund prospectuses for a New York Life Variable annuity or variable life insurance product that may be right for you. Investors are asked to consider the investment objectives, risks, charges, and expenses of the investment carefully before investing. Both the product prospectus and the underlying fund prospectuses contain this and other information about the product and underlying investment options. Please read the prospectus carefully before investing.

¹Variable products are issued by New York Life Insurance & Annuity Corporation(NYLIAC), (a Delaware Corporation) and offered through NYLIFE Securities LLC (member FINRA/SIPC), A Licensed Insurance Agency. Distributed by NYLIFE Distributors LLC, member FINRA/SIPC. NYLIAC, NYLIFE Securities and NYLIFE Distributors are wholly owned subsidiaries of New York Life Insurance Company, 51 Madison Avenue, NY, NY 10010.

²All contributions will be held in a trust account with Upromise, Inc. for the benefit of Upromise members. Upromise, Inc. is not affiliated with New York Life or its subsidiaries.

©2004 New York Life Insurance Company, 51 Madison Avenue, New York, New York 10010

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