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New York Life Announces First Annual Cirilo A. McSween New York Life Rainbow/PUSH Excel Scholarship Recipients

NEW YORK, N.Y., January 11, 2005 — New York Life Insurance Company announced today the recipients of the first-ever Cirilo A. McSween New York Life Rainbow/PUSH Excel Award given to seven high-performing college students across the country. This award program recognizes full-time college students who have achieved academic excellence and play an active role in their communities. New York Life launched this program last year to honor its first African-American agent, Mr. McSween, in conjunction with the Rainbow/PUSH Coalition, an organization founded by Rev. Jesse L. Jackson, Sr., which emphasizes economic responsibility and empowering underserved communities.

"We are proud to partner with Rainbow/PUSH on this scholarship program that honors Mr. McSween as a pioneer in the life insurance industry, while supporting talented students who are giving back to their communities," said Sy Sternberg, chairman and chief executive officer of New York Life.

"A strong work ethic, academic achievement, integrity, loyalty and a commitment to the community are the cornerstones to professional successes and personal fulfillment. These are qualities I live by on a daily basis and strive to impart to others aspiring to succeed. I am honored that a scholarship in my name recognizes students who are exhibiting these qualities and who have a desire to reach higher and make an impact on their communities," said Mr. McSween, who joined New York Life in 1957. "I applaud New York Life for its commitment to education and congratulate the gifted recipients of the awards."

New York Life and Rainbow/PUSH created this scholarship program to honor Mr. McSween, a 26-year qualifying member of the insurance industry's prestigious Million Dollar Round Table, the premier association of insurance professionals recognized for superior sales and service. Mr. McSween is a member of the Rainbow/PUSH Coalition's board of directors, president of Cirilo's Inc., and a renowned civil rights activist who once worked closely with Rev. Dr. Martin Luther King, Jr.

The first seven recipients of the Cirilo A. McSween New York Life Rainbow/PUSH Excel Award are:

  • Rebekah Childers, a freshman at the University of Illinois at Urbana-Champaign who is from Urbana and is majoring in political science;
  • Matthew Dugan, a North Carolina A&T State University sophomore from Greensboro, North Carolina who is studying agricultural business;
  • Dexter Flowers, a freshman graphic design major at his hometown Chicago's International Academy of Design & Technology;
  • James Hamelin, a Duluth, Minnesota native who is currently a freshman at Fond Du Lac in Minnesota;
  • Keenan Nelson Klein-Winters, a sophomore political science major at Morehouse College from South Holland, Illinois;
  • Antonia Opiah, a sophomore studying business at New York University who is from New York, New York; and
  • Michael Pearson, who hails from Allston Station, Massachusetts and is a University of Massachusetts-Amherst freshman, studying sports management.

New York Life formed a partnership in 2002 with Rainbow/PUSH Coalition's One Thousand Churches Connected to provide financial education seminars at community churches across the United States. Through this effort, thousands of families in seven cities 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 is also playing a role in its annual Wall Street Project conference, which begins today in New York City. The Wall Street Project promotes inclusion, opportunity and economic growth by encouraging public and private industries to improve diversity practices in its hiring and promotional practices as well as through its supplier relationships.

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.

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New York Life Announces First Annual Cirilo A. McSween New York Life Rainbow/PUSH Excel Scholarship Recipients

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