New York Life to Donate $100,000 to China Earthquake Relief Effort

Company employees and agents around the world to contribute to
relief efforts
NEW YORK--(Business Wire)--
New York Life Insurance Company announced today it will donate
$100,000 to aid and support earthquake relief efforts in China.

Ted Mathas, president and chief operating officer of New York
Life, said, "On behalf of the entire New York Life family, we extend
our heartfelt sympathy to all those affected by the devastating
earthquake in the Sichuan Province. The people caught in the disaster
area and the rescue workers making valiant efforts to save lives have
been in our thoughts and prayers since we learned of this tragic event
and accordingly, the company will be making a contribution to help
those in need. In addition, our employees and agents in China
immediately began to contribute cash and supplies to help local
employees, agents, policyholders and families affected by the
earthquake. We applaud their humanity and are greatly relieved that
Haier New York Life employees and agents in the affected areas were
spared. Our support for our joint venture is strong and our commitment
to be there when our policyholders and friends need us is unwavering.
We are confident the people struck by this disaster will find the
courage to emerge from this challenge and New York Life will stand
firmly beside them."

Mr. Mathas said that New York Life plans to donate $100,000 to the
relief effort, with an initial $50,000 going to the Chinese Red Cross
and an additional $50,000 to other designated relief organizations.
New York Life will be matching contributions by its thousands of
domestic and international employees and agents.

"Our employees and agents have always given generously of their
time and money in times of need, and New York Life would like to
recognize their generosity through this dollar-for-dollar match," Mr.
Mathas said.

New York Life's international arm, New York Life International,
LLC, operates a joint venture in China, Haier New York Life. The
operation's presence in the Sichuan province includes offices in
Chengdu, Deyang, Guanghan and Zhongjiang. In addition to China, New
York Life operates in seven other international markets in Asia and
Latin America.

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 for
more information.

New York Life
John Brine, 212-576-7260
John_S_Brine@newyorklife.com
or
Sloane & Company
Amanda Kiely, 212-486-1896
Akiely@sloanepr.com

Copyright Business Wire 2008