Industry Leader’s Giving Now Exceeds $1.8 Million in Support of Foundation’s Mission
PARK RIDGE, IL, November 20, 2006 – The Million Dollar Round Table (MDRT) Foundation today announced a donation of $150,000 from New York Life Insurance Company. The donation, to be made over three years, represents a continued strong commitment from New York Life and its agents, whose combined contributions to the MDRT Foundation since the mid-1990s now total over $1.8 million.
Phil Hildebrand, CLU, vice chairman of New York Life Insurance Company, said, “As the U.S. industry leader in MDRT membership for 52 consecutive years, New York Life is proud to also be a leader in supporting the philanthropic efforts of the MDRT Foundation. New York Life’s commitment to making a difference in communities across the country is in keeping with the mission of the MDRT Foundation: to make meaningful grants to those who need it most.”
“New York Life has always played a major part in MDRT’s success. We’re grateful to New York Life for its ongoing support of the MDRT Foundation and the thousands of MDRT member producers,” said Mark S. Jones, president of the MDRT Foundation. “New York Life’s generous support will help the MDRT Foundation continue its mission of granting funds to worthwhile charitable organizations throughout the world, thereby improving the quality of life for those in need.”
“Our corporate commitment to MDRT and the MDRT Foundation is a tribute to the tremendous individual contributions – both financial and personal – that our agents have made to these organizations over the years,” added Mr. Hildebrand, citing New York Life Agent Walton Rogers as an example. Mr. Rogers is slated to become president of MDRT on September 1, 2008, the seventh New York Life agent to hold that post.
About New York Life
In 2006, New York Life Insurance Company led all U.S. companies in Million Dollar Round Table membership with 2,331 – a New York Life and MDRT record in the United States. New York Life also continued to lead MDRT in the number of U.S. women members and in Court of the Table and Top of the Table members.
In 2006, New York Life International, LLC, the overseas arm of New York Life, ranked among the leading MDRT companies globally, producing a record number of MDRT members – over 740, from its operations in Hong Kong, India, Mexico, the Philippines, South Korea, China, Taiwan and Thailand.
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.
About MDRT and the MDRT Foundation
The MDRT Foundation was created in 1959 to provide MDRT members with a means to give back to their communities. Since its inception, the MDRT Foundation has donated in excess of $17.6 million to more than 1,500 worthy charities around the world. The majority of these funds were raised by MDRT members from MDRT members. Some of the organizations that have benefited from MDRT Foundation grants are: Make-A-Wish Foundation, Habitat for Humanity and the American Paralysis Association. For more information, visit www.mdrtfoundation.org.
The MDRT Foundation is the philanthropic arm of the Million Dollar Round Table, The Premier Association of Financial Professionals. Founded in 1927, MDRT is an international, independent association of more than 35,000, or less than 1 percent, of the world’s best life insurance and financial services professionals. With membership from 74 nations and territories, MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as the standard of sales excellence in the life insurance and financial services business. For more information, visit www.mdrtfoundation.org.
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|New York Life Donates $150,000 to the MDRT Foundation|