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William Formon Joins New York Life as a Vice President in the Individual Annuity Department

NEW YORK, N.Y., October 22, 2004 — New York Life Insurance Company announced today that William Formon has joined New York Life as a Vice President in the Individual Annuity Department and will be responsible for systems operations and structured settlements. He will report to Senior Vice President John Meyer.

For the past five years Mr. Formon has worked at Siebel Systems where, most recently, he was the Director of Product Planning. He also has prior experience with financial consulting firms and as an attorney at Debevoise & Plimpton. Mr. Formon received his Bachelor of Arts in American Government from Georgetown University, his Juris Doctorate from the University of Pennsylvania Law School and his Master of Business Administration from The Wharton School at the University of Pennsylvania.

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. Headquartered in New York City, New York Life's family of companies offers life insurance, annuities and long-term care insurance. New York Life Investment Management LLC provides institutional asset management, retirement planning 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:
Terri Marchon
New York Life
212-576-5624

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William Formon Joins New York Life as a Vice President in the Individual Annuity Department

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