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New York Life Recognized As One Of The “Best Companies For African Americans™” By Family Digest® Magazine For The Fifth Consecutive Year

Company Also Named One of the Best Companies in CEO Leadership Diversity

NEW YORK, N.Y., NOVEMBER 7, 2007 – For the fifth year in a row, New York Life Insurance Company has been named one of the Best Companies for African Americans™ by Family Digest® Magazine. New York Life, one of 35 companies named to the list, was featured in the October 2007 issue. Also, for the first time, the magazine identified companies with strong senior management support of diversity and New York Life was one of four named.

“We are proud that our history of support of African Americans has been recognized by Family Digest for five consecutive years,” said Katherine O’Brien, vice president and chief diversity officer. “In addition, the recognition of CEO Leadership underscores the priority New York Life’s executives place on fostering a diverse workplace.”

“New York Life’s corporate culture is one steeped in mutual respect,” said, Eugene Mitchell, corporate vice president of the African-American Market at New York Life. “Embracing individuality at work and appreciating the diverse communities we serve is one of the reasons New York Life is chosen as an employer of choice.”

“New York Life Insurance has been a long-term member of Family Digest’s Best Companies for African Americans lists. What we have always found so amazing about New York Life is the extremely high degree of affinity Black employees have for the company. These employees know best,” said, Darryl Mobley, founder and publisher of the magazine.

Over 1,000 companies were evaluated for inclusion on the list of 35 Best Companies. New York Life was named an employer of choice based on work/life programs, supplier diversity, employment, retention and promotion of African Americans.

Family Digest is one of Black America’s leading family and relationship magazines. The publication addresses the interests of African American heads of household and their families. For twelve years the publication has provided powerful information on family, relationships, parenting, health, food, and travel. The magazine reaches nearly 3 million readers.

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 for more information.

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New York Life Recognized As One Of The “Best Companies For African Americans™” By Family Digest® Magazine For The Fifth Consecutive Year

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