In light of the economic crisis that exposed companies thought to be safe and well-established, but that had actually taken on far too much risk, New York Life Insurance has introduced a new stable-value offering for defined contribution plans and advisers that underscores its AAA rating.

“There is a lack of capacity in the stable-value market today,” said Don Salama, senior managing director of the retirement plan business at New York Life Investments. “Sponsors and advisers are clamoring for stable-value products with the backing of a solid financial institution for their participants. The AAA rating maintained by New York Life Insurance Co. provides a credibility that is unsurpassed in the stable-value marketplace right now.”

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