New York Life Insurance Company

10/07/2024 | Press release | Distributed by Public on 10/07/2024 13:55

New York Life commits $300,000 to Hurricane Helene response efforts.

NEW YORK - New York Life, America's largest mutual life insurer1, today pledged $300,000 toward disaster relief efforts following the tragic loss of life and extensive damage caused by Hurricane Helene. This includes donations of $100,000 to Feeding America, the American Red Cross, and the Center for Disaster Philanthropy's Atlantic Hurricane Season Fund.

The company will also match up to $100,000 in employee and agent donations to Feeding America, the American Red Cross, the Center for Disaster Philanthropy's Atlantic Hurricane Season Fund, and the New York Life Emergency Assistance Fund, which provides financial assistance to employees and agents impacted by catastrophic events.

To further support communities affected by Hurricane Helene, New York Life will also offer disaster volunteer grants to employees and agents who work in offices in impacted areas. Employees and agents who volunteer in local relief efforts are eligible to receive a $5,000 grant for qualifying team projects with nonprofits of their choice.

In 2023, New York Life and the New York Life Foundation combined to provide over $33.9 million in charitable contributions, including $1.84 million in disaster relief grants.