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New York Life Announces Recipients of the Ninth Annual Cirilo A. McSween – New York Life – Rainbow PUSH Excel Scholarship

NEW YORK LIFE ANNOUNCES RECIPIENTS OF THE NINTH ANNUAL CIRILO A. MCSWEEN – NEW YORK LIFE – RAINBOW PUSH EXCEL SCHOLARSHIP

New York Life Has Awarded More Than $235,000 Since 2004, When The Program Began

NEW YORK, March 15, 2013 – For the ninth year in a row, New York Life has awarded scholarships to five full-time undergraduate students of African-American descent who are majoring in business, maintain a GPA of 3.0 or higher, and play an active role in their communities.

“New York Life is proud to support tomorrow’s leaders with scholarships that pay tribute to a trailblazer,” said Eugene Mitchell, corporate vice president and African-American market manager.  “These students are carrying on in Mr. McSween’s footsteps by incorporating the same values that he lived and breathed: determination, solid moral principles, academic aspiration, honesty and humanity. We congratulate them on getting here today and wish them continued success.”

The scholarships are given in honor of New York Life’s first African-American agent, Cirilo McSween, who became an agent in 1957, qualifying for the Million Dollar Round Table (an association of leading sales professionals in the life insurance industry) that year and for 26 years thereafter.  Mr. McSween, who passed away in 2008, was a member of the Rainbow PUSH Coalition’s board of directors and a renowned civil rights activist who worked closely with the Rev. Dr. Martin Luther King, Jr.

Forty-nine students have received more than $235,000 in scholarship funding since the program began in 2004.  The 2012-2013 McSween Scholarship recipients are:

  • Basil Lloyd Anderson of Brooklyn, New York, a freshman at Virginia State University in Petersburg, Virginia;
  • Chelby Rogers of Chicago, Illinois, a freshman at Howard University in Washington, D.C.;
  • Imani Hughes of Bolingbrook, Illinois, a freshman at Purdue University in West Lafayette, Indiana;
  • Maya McWhorter of Flossmoor, Illinois, a freshman at Howard University in Washington, D.C.; and
  • Tanjeria Crite of Chicago, Illinois, a freshman at Howard University in Washington, D.C.

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 and retirement plan services.  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, May 21, 2012.  See http://www.money.cnn.com/magazines/fortune/fortune500/2012/faq/ for methodology.

** Source: Third Party Ratings Reports as of 2/1/13.

***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.

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