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William G. Walter Elected to New York Life's Board of Directors

NEW YORK, NY, January 15, 2009 — William G. Walter has been elected a member of the board of directors of New York Life Insurance Company, New York Life’s Chairman of the Board, Sy Sternberg, announced today. Mr. Walter, 63, will join the board’s Insurance & Operations Committee.

“I’m pleased to announce that the board has elected an outstanding individual as director of New York Life Insurance Company in Bill Walter. He is bringing a wealth of business leadership experience to a board filled with talented directors from diverse industries and government,” said Mr. Sternberg. “Bill is an accomplished professional who will be a tremendous asset to the New York Life board.”

Mr. Walter is Chairman, President and Chief Executive Officer of FMC Corporation, a leading manufacturer of agricultural, specialty and industrial chemicals, headquartered in Philadelphia. He joined FMC in 1974 and held positions of increasing responsibility until being named President and Chief Executive Officer and elected Chairman of the Board of Directors in 2001.

Mr. Walter holds a Master’s of Business Administration degree in Marketing and Finance from Northwestern University and received a Bachelor’s of Science degree in Economics from Loras College. He also serves on the board of directors of International Paper. Mr. Walter is a member of the board of directors of both the American Chemistry Council and the National Association of Manufacturers. He is also a member of The Business Roundtable and serves on its Environment, Technology and Economy, and International trade and Investment task forces.

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.

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William G. Walter Elected to New York Life's Board of Directors

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