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New York Life Is The First To Receive Cobalt Award For Excellence In Records And Information Management

ARMA International Recognizes New York Life for Organizational Excellence at 53rd Annual Conference and Expo

NEW YORK, October 20, 2008 — New York Life Insurance Company announced today it received ARMA International’s Cobalt Award for excellence in records and information management at ARMA International’s annual Conference and Expo in Las Vegas, Nevada. The Cobalt Award is presented annually to the company that exemplifies organization–wide best practices in managing records and information. New York Life Insurance Company is the first recipient of this prestigious industry award, created to recognize the shift – and its resulting advantages – when an organization becomes focused on proper records and information management at a foundational and organizational level.

“Since the formation of the Enterprise Records Management program, our vision and approach has involved input from every aspect of the company. Our promises of ‘financial strength,’ ‘integrity,’ and ‘humanity’ have been our guiding principles in this approach to records management and all aspects of our business,” said Eileen Slevin, senior vice president and chief information officer, New York Life.

“New York Life is privileged to receive the first-ever Cobalt Award, and we are honored to add this award to our long history of company firsts,” said Barbara McInerney, senior vice president and chief compliance officer, New York Life. “As a company with over 160 years of history, we would not be where we are today without fiercely guarding our policyholders’ personal information.”

The Cobalt Award recognizes organizations that have achieved excellence in records and information management throughout all levels, which is demonstrated by consistent policies; procedures and practices; financial impact; management accountability; and a company culture that recognizes the impact of managing information well.

All applicants underwent a thorough judging process that included a 120–question application to find clear indicators of top management support, organization-wide collaboration, solid records management practices, integrated and effective technology use, well–defined training programs for all staff, and appropriate risk management and compliance measures.

As one of three finalists, New York Life was visited by a cross–functional team of information management experts for an onsite interview. The judging panel found a strong commitment to information management throughout the organization, solid executive-level support and buy–in, a commitment to ongoing training, and outstanding use of information security best practices and technological considerations. As winners of ARMA International’s Cobalt Award, New York Life Insurance Company is the first to symbolize excellence in today’s leading business practices.

ARMA International (www.arma.org) is a not–for–profit professional association and the authority on managing records and information. ARMA International is known worldwide for setting standards and best practices, and for providing comprehensive education, publications, and information on the efficient maintenance, retrieval, and preservation of vital information created in public and private organizations International (www.arma.org) is a not-for-profit professional association and the authority on managing records and in all sectors of the economy. Formed in 1955, ARMA International is the oldest and largest association for the records and information management profession with a current international membership of more than 11,000. It also publishes the award-winning Information Management Journal. For additional information, visit www.arma.org.

New York Life Insurance Company, a Fortune 100 company, 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. Founded in 1845 and headquartered in New York City, New York Life and its affiliates offer life insurance, retirement income, investments and long-term care insurance. New York Life Investment Management, LLC provides institutional asset management, retirement plan and trust 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 Is The First To Receive Cobalt Award For Excellence In Records And Information Management

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