Company Continues Double Digit Sales Growth
NEW YORK, N.Y., FEBRUARY 21, 2008 – New York Life Insurance Company announced today
that its LTCSelect Premier long-term care insurance product will pay a dividend to policyholders this year. This
is the fourth consecutive year New York Life, a triple-A rated insurer1 , has paid a long-term care
dividend.
New York Life’s long-term care sales increased 14% in 2007, and represents the company’s third year of double
digit increases in sales growth compared to a 3% increase2 in sales industry-wide.
“Our strong sales growth indicates that more Americans are taking the necessary steps to help protect
themselves and their financial assets by purchasing long term care insurance and entrusting their financial
future to one of the nation’s strongest insurance companies,” said Dennis O’Brien, senior vice president, Long
Term Care. “The payment of a dividend to our policyholders for the fourth straight year, underscores New York
Life’s position as an industry leader focused on long-term value and stability for its customers. Long- term care
insurance can help individuals preserve choices and allow families to feel confident about their plans for the
future. Considering the potential costs and likelihood of needing long-term care, family members should be
talking to each other, consulting a New York Life agent and planning for their future.”
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 and GuaranteesMatter, a site dedicated to retirement
issues, challenges, and solutions, at: www.newyorklife.com/guaranteesmatter for more
information
1New York Life is rated AAA from Standard & Poor’s, Aaa from
Moody's Investor Services, AAA from Fitch, and A++ from A.M.Best for financial strength. Source: Individual
Third Party Ratings Reports (as of August 17, 2007).
2LIMRA.
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