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Working Mother Magazine Names New York Life to Coveted "100 Best" List

Company Cited as a Leader in Inspiring Change and Providing Work/Life Balance to Employees

NEW YORK, September 16, 2010 — New York Life Insurance Company has been named one of the 2010 Working Mother 100 Best Companies and was recognized for its family friendly benefits by Working Mother magazine.

“New York Life is proud to be recognized for our ongoing efforts to provide a menu of programs designed to help all employees achieve a healthy work/life balance,” said Barry Schub, senior vice president and chief human resources officer, New York Life. “In today’s economic climate many companies may be forced to eliminate programs that support working mothers and their families. At New York Life commitment to working mothers remains steadfast. Our family-friendly policies and the importance of work/life balance are part of our everyday corporate culture.”

“Twenty-five years ago, we made a bold decision to launch our Best Companies initiative and challenge businesses to address the unique needs of working mothers,” said Carol Evans, president, Working Mother Media. “With 70 percent of mothers working—and women outnumbering men in the workplace for the first time in U.S. history—companies like New York Life have been instrumental in supporting their advancement.”

“New York Life is proud to be recognized for our ongoing efforts to provide a menu of programs designed to help all employees achieve a healthy work/life balance,” said Barry Schub, senior vice president and chief human resources officer, New York Life. “In today’s economic climate many companies may be forced to eliminate programs that support working mothers and their families. At New York Life commitment to working mothers remains steadfast. Our family-friendly policies and the importance of work/life balance are part of our everyday corporate culture.”

New York Life was selected based on an extensive submission covering-company policies on workforce, compensation, child care, flexibility programs, leave policies and more. It also covered the usage, availability and tracking of programs, as well as the accountability of managers who oversee them. Seven areas were measured and scored: workforce profile, benefits, women’s issues and advancement, child care, flexible work, parental leave and company culture. For this year’s 100 Best, particular weight was given to benefits, flexibility and parental leave.

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 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. Profiles of the 100 Best Companies, as well as national comparisons, are in the October issue of Working Mother and at www.workingmother.com/bestcompanies.

*New York Life is the largest mutual life insurance company based on the Fortune 500, ranked within industries, Insurance: Life, Health (Mutual), Fortune magazine, May 3, 2010.
**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.

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Working Mother Magazine Names New York Life to Coveted "100 Best" List

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