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BusinessWeek Names New York Life One Of The “Best Places To Launch A Career"

Company Ranks as a Top Employer for New College Graduates

New York, N.Y., October 4, 2007–New York Life Insurance Company has been named as one of “The Best Places to Launch a Career” for 2007 by BusinessWeek. New York Life was ranked 47th in the magazine’s selective list of 95 employers across the nation. New York Life was recognized as a top employer for new college graduates based on a survey of career services directors at U.S. colleges; an employer survey on hiring, pay, benefits, and training programs; and research data from a survey of 44,000 U.S. undergraduates. The list is featured as the cover story in the September 24 issue of the magazine.

“New York Life is proud to be recognized as an employer of choice for college graduates. We remain committed to attracting and retaining top talent,” said Judith Vance, senior vice president, Human Resources, New York Life.

“This year we focused on reinvigorating our internship program. The new program offers college students a challenging work environment where they are treated as professionals,” said Elizabeth King, director, Human Resources, New York Life. “As a result, our company is now even more attractive to job seekers. When surveyed, over 90 percent of our interns this summer said they would like a job offer from New York Life.”.

New York Life offers careers for new college graduates seeking a career as an employee as well as those seeking a career as an agent representing New York Life.

“This BusinessWeek recognition validates our belief that becoming a New York Life agent is an ideal opportunity for recent college graduates,” said Mark W. Pfaff, senior vice president and head of New York Life’s Career Agency System. “Being named to this list helps draw attention to the rewarding career as an agent – a career in a stable industry that offers unlimited income potential, health benefits, residual compensation, and a chance to build a financial services business that allows you to have flexibility over your schedule.”

“New York Life is proud of this recognition. The hard work of the recruiters in our sales offices across the country is yielding positive results. With over 200 students joining us as full-time agents each year, college graduates see that New York Life is certainly a best place to launch their career in financial services,” said Kirsten McKaskle, director, Agency College Recruiting, New York Life.

The methodology used to determine which employers are best for entry-level workers involved a three-part method. First, the magazine surveyed career services directors at U.S. colleges to learn which employers were tops on their list. BusinessWeek then asked those employers to complete a survey on their hiring, pay, benefits, and training programs, which were then compared with others in the same industry. Finally, the publication obtained results of a 2007 survey conducted by a Philadelphia research company, of 44,000 U.S. undergraduates who were asked to identify their five most desirable employers. The employer survey counted for 50 percent of the final ranking, while the career services and student surveys each counted 25 percent.

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. New York Life has the highest possible financial strength ratings from all four of the major credit rating agencies. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments 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.

Please visit New York Life’s Web site at www.newyorklife.com

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BusinessWeek Names New York Life One Of The “Best Places To Launch A Career"

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