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As a mutual life insurer, we see New York Life as a "not-just-for-profit" company.

Of course, like any business, we need profits—or earnings—to keep the organization strong and growing. But earnings are not our true "bottom line." Unlike publicly traded companies that distribute earnings to their shareholders, we put that money to work on your behalf.

This is the 160th consecutive year that we have paid a dividend to eligible policyholders.

Policyholder Benefits and Dividends1

Between 2009 and 2013, we paid beneficiaries more than $15 billion in life insurance benefits.

That would be enough money to put more than 165,000 students through four years of college,2 or pay off over 85,000 home mortgages.3


Between 2009 and 2013, we paid out more than $14 billion in annuity benefits.

That could pay one year's worth of an average Social Security retirement benefit for more than 960,000 Americans.4


1) Policyholder benefits primarily include death claims paid to beneficiaries and annuity payments. Dividends are payments made to eligible policyholders from divisible surplus. Policyholder benefits and dividends reflect the consolidated results of NYLIC and its domestic insurance subsidiaries. Intercompany transactions have been eliminated in consolidation. NYLIC's policyholder benefits and dividends were $6.24 billion and $5.93 billion for the 12 months ended December 31, 2013 and 2012, respectively. NYLIAC's policyholder benefits were $2.41 billion and $2.18 billion for the 12 months ended December 31, 2013 and 2012, respectively. Dividends are not guaranteed.

2) Average in-state tuition at public four-year colleges, plus room and board, books, and other campus costs, calculated @$22,800 per year.

3) Based on national mortgage debt average of $173,876.

4) Calculation based on data from the Office of Social Security, November 2013 snapshot. The average annual Social Security benefit is $14,736. There are different types of annuities available, and annuity contracts vary in their terms and conditions. Some annuities require the contract owner to make an initial lump sum premium payment and others are funded by periodic premium payments. Payout terms also differ. Annuity benefits can consist of a partial return of premium as well as interest and mortality credits. Refer to your annuity contract for details.