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New York Life Elects Jon Sternberg As Senior Vice President Of Indiviual Retail Insurance

Executive Brings Broad Insurance Background to Individual Life Department

NEW YORK, N.Y., JUNE 20, 2008 – New York Life Insurance Company announced today that Jon Stenberg has joined the company as a senior vice president in the Individual Life Department, reporting to Senior Vice President Scott Berlin, the Department head.

Mr. Stenberg is responsible for overseeing the Retail Insurance division of the Individual Life Department, which includes all retail product development, systems and marketing to support life insurance sales through the company’s career agency system. Prior to joining New York Life, Mr. Stenberg oversaw the UBS Insurance Agency at UBS Financial, including all key operations of product development, systems and distribution. Before that, he was vice president of life insurance sales at Lincoln Financial. Mr. Stenberg also worked at Aetna Life and served in the U.S. Army.

Mr. Stenberg earned a B.S. degree in business administration from Central Michigan University, and an M.B.A from the Wharton School of the University of Pennsylvania. He holds Chartered Financial Consultant (ChFC) and Fellow of the Life Management Institute (FLMI) professional designations.

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 Elects Jon Sternberg As Senior Vice President Of Indiviual Retail Insurance

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