New York Life Donates $50,000 to Save the Children to Support Relief Efforts in Nepal

NEW YORK--(BUSINESS WIRE)-- New York Life announced today it will donate $50,000 to Save the Children. Nearly two million children are believed to be affected by last Saturday’s deadly earthquake in Nepal, which has claimed more than 7,000 lives.

Ted Mathas, chairman and CEO of New York Life, said, “The New York Life community believes our obligation to be there for people when they need us most extends beyond our day-to-day business. We have the victims, their families and the relief workers in our thoughts as they begin to recover and rebuild from this natural disaster.”

The earthquake that struck Nepal last week was the largest to occur in the region in more than 80 years. To assist those displaced by the disaster, Save the Children has begun the delivery of supplies to families in the areas that need it most.

Save the Children has worked in Nepal since 1976 and has extensive programs throughout the country. For more information, visit www.savethechildren.org

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. 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.

*Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/16/14. For methodology, please see http://fortune.com/fortune500/.**Individual independent rating agency commentary as of 3/26/15.***New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.

New York Life
Lacey Siegel, 212-576-7937
[email protected]
or
Sloane & Company
Alexandra Meredith, 212-446-1887
[email protected]

Source: New York Life Insurance Company

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