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New York Life has appointed Craig DeSanto as CEO-elect, succeeding Ted Mathas, effective April 15, 2022. DeSanto, currently president since July 2020, has been with the company since 1997 and has held various leadership roles. Under his leadership, New York Life's strategic businesses have significantly contributed to the company's earnings and life insurance sales. Mathas will remain as chairman for a transition period.
New York Life has announced two key appointments to strengthen its diversity, equity, and inclusion (DE&I) initiatives. Cathy Council becomes Vice President, Talent Management and DE&I, heading the newly established DE&I Center. She will oversee a career advocacy program for diverse talent. Eric Jackson has been appointed Vice President of DE&I for Agency, focusing on social justice and inclusion within the company's agent force of over 12,000 professionals. These roles aim to enhance DE&I strategies and align them with the company's mission to serve diverse communities.
New York Life, the largest mutual life insurer in the U.S., has announced a
New York Life has appointed Carrie Hall as its 2022 Council President, recognizing her as the top agent among over 12,000 financial professionals. Hall, founder of Carrie Hall & Associates, has been a New York Life agent since 1988 and is a member of the Million Dollar Round Table. Known for her commitment to client service and community advocacy, she has facilitated over $8.3 million in scholarships through the Brophy Community Foundation. This recognition reflects her exemplary career dedicated to ethical standards and financial well-being solutions for clients.
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New York Life announced the appointment of Barbara G. Novick to its Board of Directors, effective October 4, 2021. Ms. Novick, a co-Founder of BlackRock, brings extensive experience in financial markets and investment strategies, enhancing the Board's expertise. Ted Mathas, Chairman and CEO, emphasized that her insights will benefit the company as it aims to deliver long-term value to policy owners. Ms. Novick has held significant positions at BlackRock and is recognized for her contributions to the industry and community.
New York Life has launched MyIncome Protector, a disability income insurance solution aimed at providing financial security to consumers and businesses. This product replaces 50-70% of lost income due to disability, featuring guaranteed premiums until age 67 and unique benefits for business owners and medical professionals. MyIncome Protector includes options such as a Business Support Rider and an Automatic Benefit Increase. Eligible policyholders will receive dividends after five years and a 5% premium discount for existing New York Life clients. The product is available in 42 states and Washington, D.C.