From Pride to Thanksgiving, innovation to decumulation, we take a look back at nine of our most memorable moments and milestones from another fantastic year for New York Life.
Thanks to the help of a generous grant from The New York Life Foundation, the New York Public Library’s famous lions, Patience and Fortitude, were treated to a complete refurbishment. The Foundation also donated $1 million to the Library to strengthen citywide summer reading and other youth educational programs.
Across the country, New York Life celebrated Pride Month 2019 in June, with many events in support of the LGBTQ+ community, from the volunteers who served dinner to more than 100 LGBTQ+ older adults at the Edie Windsor SAGE Center in Manhattan, to the 200 employees, family and friends who took part in the NYC Pride March.
In November, the New York Life Foundation once again took part in Children’s Grief Awareness Day (CGAD), which helps grieving children feel less alone and more supported, encourages broader conversations about grief and loss, and lets people know that they can be an everyday hero to a grieving child even with small gestures.
New York Life Ventures published a whitepaper exploring the implications of 'LifeTech'- a term first coined by the Ventures team in 2018 - on the future of the life insurance sector, including case studies of New York Life Ventures portfolio companies Carrot, Trifacta and Cogito.
After many months of preparation, New York Life’s “Toy House of Marvelous Milestones” float made its way through Manhattan in the 93rd annual Macy’s Thanksgiving Day Parade with Grammy-winning singer Kelly Rowland performing onboard to the delight of the 3.5 million spectators who lined the Parade route – and the 50 million TV viewers.
New York Life ranked among the best companies for customer service in Newsweek’s annual “America’s Best Customer Service” list. New York Life ranked second in the Life Insurance category based on a survey of more than 20,000 adults who were asked whether they would recommend brands to friends or family.
With more than $200 million invested in over 30 venture capital funds and start-ups, New York Life Ventures has been a key innovation driver, not only for New York Life - one of the first life insurance companies to launch a corporate venture capital arm - but within the entire industry too.
New York Life explored the “Decumulation Paradox" - the concept of retirees’ reluctance to take money out their retirement portfolios - in a whitepaper that won the acclaimed Investments and Wealth Institute's Investments & Wealth Monitor Writing Award.
Ninety-two years ago, as the New York Life Building was going up at 51 Madison Avenue, the company placed a time capsule beneath the cornerstone. This year, as building renovations were taking place near the cornerstone, New York Life retrieved and opened the capsule.
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