City of Greenville, MS Partners with New York Life Insurance to provide additional benefits

New York Life Selected to offer Employee Whole Life for City of Greenville, MS Employees. The City of Greenville, MS today announced that New York Life will offer Guaranteed Issue Employee Whole Life Policies on a voluntary basis to employees.
By: New York Life Insurance
 
DALLAS - July 28, 2016 - PRLog -- New York Life Selected to offer Employee Whole Life for City of Greenville, MS Employees

GREENVILLE, MS July 27, 2016 — The City of Greenville, MS today announced that New York Life will offer Guaranteed Issue Employee Whole Life Policies on a voluntary basis to the employees of Greenville, MS. The product will provide them with additional life insurance protection for their families and loved ones.

"This will enhance the overall benefit package for our employees of Greenville, MS. The ability for our employees to purchase additional life insurance with the convenience of payroll deduction#, and ability to extend this protection to their spouses, children and grandchildren is a wonderful thing" said Errick D. Simmons, Mayor of The City of Greenville. "Our employees are at the core of the economic engine of the city, and we jumped at the chance to enhance their benefits with a Fortune 100 company such as New York Life."

New York Life will offer Guaranteed Issue Whole Life Policies to city employees that come with attractive benefits including portability, no medical exams, and the ability to gain dividends (if declared). These features are extremely important to New York Life Agent Reginald L. Johnson, who grew up in the Mississippi Delta and currently works out of New York Life's Dallas General Office. He understands the importance of providing avenues to boost the socioeconomic status of Greenville, MS and surrounding area. "It is imperative that we offer city employees this additional life insurance coverage to increase their chances of leaving legacies, and not financial liabilities for their families and their community," stated Reginald.

City Councilman Al Brock commented "that it was a No-Brainer to make available this extra benefit to our employees, and hopefully many of them will take advantage of this product to add financial security for their families." New York Life has been working with municipalities like Greenville, MS since 1952 to help protect their employees and families with this particular product.

About the City of Greenville, MS

Greenville, a city in Washington County, Mississippi, is nicknamed "The Heart & Soul of the Delta", and is located in the area of historic cotton plantations and culture known as the Delta. Founded in 1824 by William W. Blanton, Greenville counts nearly 40,000 as its residents, and serves as the County Seat. The current mayor of the city is Errick D. Simmons, and there are over 350 employees who support the city operations. Located along the Mississippi River, the city also hosts the longest running Blues Festival in the United States, and will welcome over 10,000 tourists to the 39th Annual Mississippi Delta Blues & Heritage Festival during the 3rd weekend of September.

# This program is not intended to be subject to the Employee Retirement Income Security Act of 1974 (ERISA). The employer does not contribute to or endorse the program. Employee participation is completely voluntary.

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 currently awarded to any life insurer from all four of the major credit rating agencies:

A.M. Best (A++), Fitch (AAA), Moody's Investors Service (Aaa), Standard & Poor's (AA+).** 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 Investments*** provides institutional asset management. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life's website at www.newyorklife.com for more information.

*Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune magazine, 6/17/16.

**Individual independent rating agency commentary as of 7/20/16.

***New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC. http://www.newyorklife.com

Contact
Mark Howard
***@ft.newyorklife.com
End
Source:New York Life Insurance
Email:***@ft.newyorklife.com Email Verified
Tags:Retirement, Insurance, Investments
Industry:Insurance
Location:Dallas - Texas - United States
Subject:Services
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