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Elizabeth Varley Joins New York Life As Vice President In Office Of Government Affairs

NEW YORK, N.Y., September 22, 2010 — New York Life Insurance Company today announced that Elizabeth Varley has joined the company as a vice president for federal affairs in the Office of Governmental Affairs, based in the company's Washington office. She will report to George Nichols III, senior vice president in charge of the Office of Governmental Affairs.

Ms. Varley will be involved in various governmental issues, with her primary focus on the increasingly active federal policy area of retirement security and pensions. Prior to joining New York Life, Ms. Varley served as managing director for government affairs for the Securities Industry and Financial Markets Association (SIFMA), a post she held for more than 11 years.

Prior to SIFMA, Ms. Varley was counsel to the U.S. Senate Special Committee on Aging, and before that she was a staff attorney for the Bipartisan Commission on Entitlement & Tax Reform.

Ms. Varley holds a law degree from the University of Nebraska, where she also earned her undergraduate degree. She resides in Virginia.

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.

*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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Elizabeth Varley Joins New York Life As Vice President In Office Of Government Affairs

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