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New York Life To Donate $100,000 To Midwest Relief Effort

NEW YORK, N.Y., JUNE 27, 2008 – New York Life Insurance Company announced today it will donate $100,000 to aid and support relief efforts following the devastating floods in the Midwest.

The company is immediately contributing $50,000 to the American Red Cross Disaster Relief Fund. In addition, New York Life will match one-to-one employee, agent and retiree gifts to the American Red Cross, earmarked for its Central U.S. Floods & Tornadoes Fund, up to a total of $50,000. The total contribution by the company and members of the New York Life family could reach $150,000 including employee, agent and retiree contributions.

Ted Mathas, president and chief operating officer of New York Life, said, “The recent severe flooding in the Midwest has had a profound impact on communities where our policyholders, our employees and our agents live and work – communities that New York Life has a long history of serving. The flooding has impacted tens of thousands of lives, destroying homes and causing enormous damage to local businesses, and our thoughts and prayers are with everyone affected by this disaster. At New York Life, we have a proud tradition of humanity and being there for people when they need us most. Our employees, agents and retirees have always given generously of their time and money in times of need, and New York Life would like to recognize their generosity through this dollar-for-dollar match.”

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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

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New York Life To Donate $100,000 To Midwest Relief Effort

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