NYL

New York Life Group Benefit Solutions Launches New Tool to Tackle Parental Leave Uncertainty

Retrieved on: 
Dienstag, April 2, 2024

A recent survey by New York Life Group Benefit Solutions (NYL GBS) reveals a sense of uncertainty and financial unpreparedness surrounding pregnancy, childbirth, and parental leave among adults planning to have a child.

Key Points: 
  • A recent survey by New York Life Group Benefit Solutions (NYL GBS) reveals a sense of uncertainty and financial unpreparedness surrounding pregnancy, childbirth, and parental leave among adults planning to have a child.
  • In response, NYL GBS today announced the launch of myLeaveGuideSM, an online tool that simplifies parental leave planning.
  • "myLeaveGuideSM helps cut through the confusion of parental leave," said Meghan Shea, Vice President and Head of Strategy and Solutions at New York Life Group Benefit Solutions.
  • “Now, through our collaboration with New York Life Group Benefit Solutions, myLeaveGuideSM can help individuals more confidently navigate these often complex regulations."

Employees Are Still Not Financially Prepared for Unexpected Medical Expenses

Retrieved on: 
Mittwoch, März 6, 2024

Delay in Medical Treatment Due to Costs: 57% of adults surveyed said they have delayed medical treatment with concerns around their ability to pay for medical expenses being the top reason.

Key Points: 
  • Delay in Medical Treatment Due to Costs: 57% of adults surveyed said they have delayed medical treatment with concerns around their ability to pay for medical expenses being the top reason.
  • Of note, 70% of millennials reported delaying medical treatment, with concerns around their ability to pay being the leading reason.
  • Lack of Preparedness: 4-in-10 adults (41%) do not feel prepared to face an unexpected out-of-pocket medical expense.
  • To help employees shoulder out-of-pocket healthcare costs and bridge gaps in medical coverage, NYL GBS recently launched a new suite of voluntary benefits designed to help provide additional financial protection against unforeseen medical expenses.

New York Life Launches Voluntary Benefits Designed to Support Employees’ Financial Wellbeing

Retrieved on: 
Montag, Januar 29, 2024

New York Life today announced the launch of a new portfolio of voluntary benefits , aimed at enhancing employees' financial security.

Key Points: 
  • New York Life today announced the launch of a new portfolio of voluntary benefits , aimed at enhancing employees' financial security.
  • These benefits include accident, critical illness, and hospital indemnity insurance and will be available to employers through New York Life Group Benefit Solutions (NYL GBS).
  • New York Life's voluntary benefits are designed to mitigate these challenges, offering employee-centric, tailored plans that cover more medical conditions and treatments while reducing administrative complexity for employers.
  • “These solutions have been designed to be used, not forgotten.”
    The new voluntary benefit offerings from New York Life enable a more seamless connected benefits experience.

Symetra Appoints Kevin Byrne and Thomas Girard to Board of Directors

Retrieved on: 
Dienstag, April 4, 2023

Symetra Financial Corporation today announced the appointments of Kevin R. Byrne and Thomas J. Girard to its board of directors.

Key Points: 
  • Symetra Financial Corporation today announced the appointments of Kevin R. Byrne and Thomas J. Girard to its board of directors.
  • View the full release here: https://www.businesswire.com/news/home/20230404005862/en/
    Kevin R. Byrne has joined the board of directors of Symetra Financial Corporation.
  • (Photo: Business Wire)
    “We are very pleased to welcome Kevin and Tom to the Symetra board.
  • “Kevin and Tom’s collective years of experience and expertise add to the strength of our board,” added Margaret Meister, president and CEO of Symetra.

FINEOS Wins Digital Technology Project of the Year for Fortune 100 US Insurance Carrier

Retrieved on: 
Donnerstag, Dezember 1, 2022

FINEOS Corporation ( ASX:FCL ) is honored to have won the prestigious Digital Technology Project of the Year award from Technology Ireland.

Key Points: 
  • FINEOS Corporation ( ASX:FCL ) is honored to have won the prestigious Digital Technology Project of the Year award from Technology Ireland.
  • This highly competitive award recognizes the company that has delivered outstanding value to an end client through the innovative deployment and use of digital technology.
  • FINEOS was selected for the enterprise transformation project that implemented the SaaS FINEOS AdminSuite group and voluntary insurance core system to enable the migration and digital transformation of New York Life Group Benefit Solutions (NYL GBS).
  • The collaboration used the SAFE agile IT approach with continuous program governance provided by the joint leadership and executive teams.

New York Life Declares Largest Dividend in Company History With $2.0 Billion Total Payout Expected In 2023

Retrieved on: 
Donnerstag, November 17, 2022

New York Life, Americas largest1 mutual life insurer, today announced that the company has declared a record dividend payout of $2.0 billion expected to be paid to eligible participating policy owners in 2023.

Key Points: 
  • New York Life, Americas largest1 mutual life insurer, today announced that the company has declared a record dividend payout of $2.0 billion expected to be paid to eligible participating policy owners in 2023.
  • New York Life has paid in excess of $1 billion in dividends every year since 1990 and more than $46 billion in total dividend payouts over that time.
  • New York Life Insurance Company ( www.newyorklife.com ), a Fortune 100 company founded in 1845, is the largest1 mutual life insurance company in the United States and one of the largest life insurers in the world.
  • 7Secure Wealth Plus is a whole life insurance product issued by New York Life Insurance Company (NY, NY).

LPC West and New York Life Investors Acquire Off-Market Industrial Building Uniquely Configured for Poway Submarket

Retrieved on: 
Montag, Oktober 31, 2022

LPC West, the West Coast arm of national real estate firm Lincoln Property Company, in a joint partnership with New York Life Investors, has acquired an approximately 135,000-square-foot industrial building located in Poway, a city in northern San Diego County, in an off-market transaction.

Key Points: 
  • LPC West, the West Coast arm of national real estate firm Lincoln Property Company, in a joint partnership with New York Life Investors, has acquired an approximately 135,000-square-foot industrial building located in Poway, a city in northern San Diego County, in an off-market transaction.
  • The building is LPC Wests 2nd acquisition with New York Life Investors.
  • LPC West is excited to continue growing its industrial portfolio in San Diego County with this acquisition, said Scott Moffatt, Executive Vice President of LPC Wests San Diego region.
  • On behalf of LPC West and New York Life Investors, Id like to thank Rusty Williams, Chris Roth and Jake Rubendall of Lee & Associates.

Ellevate Network Announces Speakers and Full Topic List for Sixth Annual Mobilize Women Summit on June 8, 2022

Retrieved on: 
Freitag, Mai 13, 2022

NEW YORK, May 13, 2022 /PRNewswire-PRWeb/ -- Ellevate Network, the largest community of women+ at work, will host Mobilize Women on June 8, 2022.

Key Points: 
  • NEW YORK, May 13, 2022 /PRNewswire-PRWeb/ --Ellevate Network, the largest community of women+ at work, will host Mobilize Women on June 8, 2022.
  • At the 2022 Mobilize Women Summit , 30+ thought-leaders and experts will address solutions to key barriers and questions present in today's world.
  • That, at its core, is what makes Mobilize Women the experience you can't miss," said Kristy Wallace, CEO of Ellevate Network.
  • Founded in 1997 as 85 Broads, Ellevate Network is the largest community of women+ at work.

New York Life Declares Largest Dividend in Company History

Retrieved on: 
Montag, November 22, 2021

New York Life, Americas largest1 and most admired2 mutual life insurer, today announced that the company has declared a dividend of $1.9 billion to eligible participating policy owners in 2022, the largest in company history.

Key Points: 
  • New York Life, Americas largest1 and most admired2 mutual life insurer, today announced that the company has declared a dividend of $1.9 billion to eligible participating policy owners in 2022, the largest in company history.
  • The companys 2022 record dividend is a powerful and tangible example of New York Life putting policy owners first, said New York Life Chairman and CEO Ted Mathas.
  • The 2022 dividend declaration confirms our policy owners decisions to purchase participating whole life insurance, annuity, and long-term care solutions from New York Life, said New York Life President and CEO-elect Craig DeSanto.
  • Headquartered in New York City, New York Lifes family of companies offers life insurance, retirement income, investments, and long-term care insurance.