New York Life Recognized as One of the Best Companies for African Americans by Family Digest Magazine

Company Named to Family Digest’s List of the 50 Best Companies for African Americans™ for the Fourth Consecutive Year

NEW YORK, N.Y., September 19, 2006 — For the fourth year in a row, New York Life Insurance Company has been named one of the Best Companies for African Americans™ by Family Digest Magazine.

“We are proud to once again earn a place on Family Digest’s annual list of the Best Companies for African Americans™,” said Katherine O’Brien, vice president and chief diversity officer. “We are continually enhancing our programs to meet the needs of all of our valued employees, including African Americans. It is an honor to be recognized for this commitment.”

Over 1,000 companies were evaluated for inclusion on this list. New York Life was recognized for its strong all around performance in the following areas: recruitment of African Americans; employee demographics; company culture; advancement of African Americans; work-life programs and policies; and its supplier diversity program. In addition, feedback from surveyed African American employees about working at New York Life factored into being named one of the 50 Best Companies for African Americans™.

About Family Digest
Family Digest’s mission is to develop, “Smarter, Healthier, Happier Families” by providing information to move families and relationships ahead. Family Digest, Black America’s No. 1 Family & Relationship Magazine, addresses the interests of African American heads of household and their families.

About New York Life
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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