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New York Life Elects James T. Bain Senior Vice President and Head of Application Development in Corporate Information Department

NEW YORK, December 21, 2010 - New York Life Insurance Company announced today that James T. Bain has been promoted to senior vice president and head of the Application Development organization in the Corporate Information Department. He continues to report to Senior Vice President and Chief Information Officer Eileen Slevin.

Mr. Bain is responsible for systems development supporting the entire U.S. Insurance Operations, including U.S. Life & Agency, Retirement Income Security, Individual Policy Services and Corporate Operations. Previously, Mr. Bain was first vice president overseeing system development for Corporate and Distribution systems. Prior to becoming first vice president, he held positions of increasing responsibility in the Controller's, Agency and Corporate Information Departments, where his collaborative efforts with the business areas resulted in the development of several of the company's proprietary systems, designed to enhance communication between agents and the company. Mr. Bain joined New York Life in 1976.

Mr. Bain holds a Bachelor of Science in Business Management from the University of Dayton, Ohio, and is a Fellow of the Life Management Institute since 1981. Mr. Bain currently resides in East Northport, NY, with his wife, Linda, and their two children.

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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New York Life Elects James T. Bain Senior Vice President and Head of Application Development in Corporate Information Department

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