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New York Life Named A 2008 Working Mother 100 Best Company By Working Mother Magazine

NEW YORK, N.Y., September 23, 2008 – New York Life Insurance Company has been named one of the 2008 Working Mother 100 Best Companies. The publication recognized New York Life as one of the top companies and praised the leading mutual life insurance company for its menu of programs designed to help all employees achieve a healthy work/life balance.

“The economy is not going to alter the commitment of New York Life to working mothers, because they've made family-friendly policies a part of their corporate DNA,” said Carol Evans, CEO, Working Mother Media. “Supporting families is a vital part of their culture and not just an added benefit.”

“We are pleased to be recognized for making New York Life a great place to work. People are our greatest asset and we are dedicated to providing programs and policies to support them as they try to coordinate family needs with the demands of a challenging job,” said Katherine O’Brien, first vice president and chief diversity officer, New York Life. "We receive this recognition as we approach National Work & Family Month in October which draws even more attention to the importance of a satisfying work/life balance for employees.”

“New York Life knows that their investment pays for itself through employee loyalty and they realize that productivity depends as much on satisfied staffers as on smart processes,” said Suzanne Riss, Editor in Chief, Working Mother magazine. “By helping employees manage their work/life demands, New York Life is creating a highly motivated workforce.”

New York Life was selected for the 2008 Working Mother 100 Best Companies based on an extensive application with more than 500 questions. The application included detailed questions about workforce, compensation, child care, flexibility programs, leave policies and more. It also checked the usage, availability and tracking of programs, as well as the accountability of managers who oversee them. Seven areas were measured and scored: workforce profile, compensation, child care, flexibility, time off and leaves, family-friendly programs, and company culture. For this year’s 100 Best, particular weight was given to family-friendly policies, flexibility, leave policies and benefits for part-timers.

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 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 Named A 2008 Working Mother 100 Best Company By Working Mother Magazine

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