NEW YORK, May 2, 2016—New York Life announced today that it will donate $25,000 to the relief efforts taking place in Ecuador after a 7.8 magnitude earthquake killed hundreds and left thousands of people missing, injured and homeless. The company will make a $25,000 donation to Save the Children, an organization that creates lasting change for children in need in the United States and around the world.
“Our thoughts are with all those who have been affected by the powerful earthquake that struck Ecuador and left death and destruction in its wake,” said Ted Mathas, Chairman and CEO of New York Life. “Accordingly, the company is making a contribution to help the Ecuadorian people begin to rebuild and restore their communities.”
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 currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).** 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 Investments*** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.