Following the devastating storms and tornadoes that impacted several states throughout the Midwest and South, New York Life has committed $150,000 to disaster response organizations in Arkansas, Illinois, Kentucky, Mississippi, Missouri, and Tennessee, as well as $100,000 to New York Life's Emergency Assistance Fund.
The company will donate $100,000 to the Team Western Kentucky Tornado Relief Fund, which was established by Governor Andy Beshear to assist tornado victims in Kentucky and support reconstruction, and $50,000 to Feeding America's Midwest Tornado Disaster Relief Fund, which provides support to local food banks around the impacted area.
The life insurance company will use $100,000 to support its Emergency Assistance Fund, which provides financial assistance to employees and agents affected by catastrophic events.
Company employees can donate up to $100,000 to the Team Western Kentucky Tornado Relief Fund, Feeding America and New York Life's Emergency Assistance Fund.
“Our thoughts and prayers are with the families and communities affected by the devastating tornadoes this past weekend as they begin to rebuild and recover from this tragedy,” said Ted Mathas, chairman and CEO of New York Life.
The New York Life Foundation contributed nearly $4 million to pandemic relief efforts and other natural disasters throughout the United States in 2021.
The New York Life Insurance Company (www.newyorklife.com ) is among the world's largest life insurance companies. This Fortune 100 company was established in 1845.
Founded in New York City, New York Life provides life insurance, retirement income, investments, and long-term care insurance. Out of all the leading credit rating agencies, New York Life has the highest financial strength rating currently awarded to any life insurance company in the United States.