The Company You Keep

New York Life Sponsors Sixth Annual Rainbow/PUSH Wall St. Conference

NEW YORK, N.Y., January 14, 2003 — New York Life Insurance Company will be a Platinum sponsor at the Sixth Annual Rainbow/PUSH Coalition Wall Street Project conference, founded by Reverend Jesse L. Jackson, beginning today through January 17, 2003 at the Sheraton Hotel in midtown Manhattan. The program is titled, "Equity for All: Establishing the Agenda for Growth."

"The Rainbow/PUSH 2003 Wall Street Project conference aims to enhance economic opportunity and access to capital, and we are pleased that New York Life will join in this important endeavor," said Rev. Jackson. "We strongly believe that corporate America must get involved if we are to realize meaningful gains for underserved communities."

"New York Life is proud to play a significant role in supporting the Wall Street Project conference which addresses the importance of economic empowerment and financial literacy," said Sy Sternberg, chairman and chief executive officer of New York Life. "A critical component in this effort is consumer education and we are working closely with Rainbow/PUSH and other organizations to enhance the learning opportunities available in communities of color."

Fred Sievert, president, New York Life, will participate in a high-level luncheon roundtable addressing trends and opportunities in the insurance industry along with other industry leaders. Additionally, New York Life will participate in the Wall Street Project Career Expo as part of the company's strategy to recruit and retain a diverse pool of qualified employees. This conference will also cover such subjects as: business opportunities in sports, travel and tourism, the Hip Hop entertainment industry, supplier diversity, corporate governance and other timely topics through plenary sessions, panel discussions and a series of interesting workshops.

Earlier this year, New York Life formed a partnership with Rainbow/PUSH Coalition's One Thousand Churches Connected to provide financial education seminars at community churches in five cities across the United States. Through this effort, thousands of families will receive information on such critical topics as life insurance, annuities, long-term care insurance and college savings plans to enable them to take control of their financial well-being.

New York Life Insurance Company, a Fortune 100 company, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world. Founded in 1845 and headquartered in New York City, New York Life and its affiliates offer life insurance, annuities and long-term care insurance. New York Life Investment Management, LLC, a New York Life affiliate, provides institutional asset management, retirement plan and trust services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.

Contacts:

Karen Finkston Payes
New York Life
(212) 576-5624

Mike Holloway
Edelman
(212) 704-4532

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New York Life Sponsors Sixth Annual Rainbow/PUSH Wall St. Conference

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