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New York Life Names Dennis O'Brien Head Of Long Term Care Division

NEW YORK, N.Y., July 31, 2006 — New York Life Insurance Company announced today that Dennis O'Brien has been appointed head of New York Life's Long Term Care Division in Austin, Texas. He reports to Robert L. Smith, senior vice president of Special Markets.

"Dennis O'Brien has been instrumental in helping New York Life move into the top 10 providers of long term care insurance in the United States," said Robert L. Smith, senior vice president, New York Life Insurance Company. "Dennis' insurance background, actuarial experience and expertise in the long term care market serves New York Life well as we continue to bring innovative products to clients and generate solid sales growth."

Mr. O'Brien joined New York Life as corporate vice president and actuary in the Long Term Care Division in 1996. He was promoted to vice president and actuary in 1999 and to first vice president and actuary in 2004. Prior to joining New York Life, Mr. O'Brien worked at Transport Life Insurance Company, Union Fidelity Life Insurance Company and Monarch Life Insurance Company. He has earned a FSA (Fellow of the Society of Actuaries) designation and MAAA (Member of the American Academy of Actuaries) designation.

Mr. O'Brien received a M.S. in physics from Syracuse University in Syracuse, New York and a B.S. in physics from The Cooper Union in New York City. He resides in Austin, Texas.

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 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.

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New York Life Names Dennis O'Brien Head Of Long Term Care Division

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