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September 20, 2007
NATION'S LEADING MUTUAL LIFE INSURANCE COMPANIES BUILD AWARENESS FOR WHOLE LIFE INSURANCE
First-of-Its-Kind, Exclusive Media Roundtable To Be Held
~ September is Life Insurance Awareness Month ~
NEW YORK, September 20, 2007 — The nation's four leading mutual life insurance companies have come together to educate consumers about the value of whole life insurance.
The Guardian Life Insurance Company of America (Guardian), Massachusetts Mutual Life Insurance Company (MassMutual), New York Life Insurance Company (New York Life), and The Northwestern Mutual Life Insurance Company (Northwestern Mutual) are hosting an industry media event to discuss the living benefits of whole life insurance. The nonprofit Life and Health Insurance Foundation for Education (LIFE) will moderate the event in support of Life Insurance Awareness Month, a national campaign to raise public awareness of the importance of life insurance. The event, which is themed Uncommon Knowledge of Whole Life Insurance, seeks to dispel some of the common myths about whole life and provide the public with vital information about the full value of whole life insurance as part of a sound financial plan from experts at the top mutual insurers in the country.
"Consumers often turn to the media for information to help make financial decisions and it's important that they understand the full range of life insurance options available to them. The LIFE Foundation is pleased to moderate a discussion about one of those options, whole life insurance, and the living benefits this product can offer as part of a sound financial plan," said David F. Woods, president of the LIFE Foundation. "This panel discussion promises to be an engaging and informative dialogue between some of the industry's leading life insurance carriers and the reporters who help educate the public every day."
Results from a special financial planning and insurance research report will be unveiled at the event.
About Guardian
Founded in 1860, The Guardian Life Insurance Company of America, New York, NY (Guardian) is one of the largest mutual life insurance companies in the United States. As of December 31, 2006, Guardian and its subsidiaries had $39.5 billion in assets (on a consolidated statutory basis). With more than 5,000 employees and 3,000 financial representatives, as well as more than 80 agencies nationwide, Guardian and its subsidiaries protect individuals, businesses, and their employees with life, disability, health, long-term care, and dental insurance products, and offer 401(k), annuities and other financial products and trust services. More information about Guardian can be obtained at: www.GuardianLife.com.
About LIFE
The nonprofit Life and Health Insurance Foundation for Education (LIFE) was founded in 1994 in response to the public's growing need for information and education on life, health, disability and long-term care insurance. LIFE also seeks to remind people of the important role insurance professionals perform in helping families, businesses and individuals find the insurance products that best fit their needs. To learn more about these topics, please visit www.lifehappens.org.
About MassMutual
MassMutual Financial Group is the fleet name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliates, with more than $450 billion in assets under management at year-end 2006. Assets under management include assets and certain external investment funds managed by MassMutual's subsidiaries.
Founded in 1851, MassMutual is a mutually owned financial protection, accumulation and income management company headquartered in Springfield, Mass. MassMutual's major affiliates include: OppenheimerFunds, Inc.; Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; MML Investors Services, Inc., member FINRA and SIPC ( www.finra.org and www.sipc.org); MassMutual International LLC and The MassMutual Trust Company, FSB. MassMutual is on the Internet at www.massmutual.com.
About New York Life
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 New York Life for more information.
About Northwestern Mutual
For 150 years, The Northwestern Mutual Life Insurance Company, Milwaukee, WI (Northwestern Mutual) has been serving the financial needs of its policyowners and clients. The company, with over $1 trillion of life insurance protection in force, maintains the highest available ratings for insurance financial strength from all four major rating agencies: Standard & Poor's, Fitch Ratings, A. M. Best and Moody's.
For 24 years, a FORTUNE magazine survey has named Northwestern Mutual "America's Most Admired" company in the life/health insurance industry. Further information on Northwestern Mutual, its subsidiaries and affiliates can be found at: www.nmfn.com.
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