Overview
What is New York Life Insurance Company Agents' Health And Life Benefit Trust?
The New York Life Insurance Company Agents' Health and Life Benefit Trust is a nonprofit organization located in Jersey City, New Jersey. It serves as a VEBA trust, receiving contributions from the New York Life Insurance Company to prefund life and health benefits for retired agents of the same insurance company. This trust ensures that retired agents have financial support for their health and life needs, providing a crucial safety net for their post-career years.
Is New York Life Insurance Company Agents' Health And Life Benefit Trust legitimate?
New York Life Insurance Company Agents' Health And Life Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. New York Life Insurance Company Agents' Health And Life Benefit Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of New York Life Insurance Company Agents' Health And Life Benefit Trust?
The New York Life Insurance Company Agents' Health and Life Benefit Trust is an organization that receives contributions from New York Life Insurance Company to prefund life and health benefits for retired agents of New York Life Insurance Company. Its primary mission is to ensure financial security and well-being for these retired agents by providing pre-funded benefits, safeguarding their health and financial stability in their post-career years. By receiving contributions from New York Life Insurance Company, the Trust ensures a steady source of funds to meet the benefits needs of the retired agents, providing them with peace of mind and security in their retirement.
Who is the CEO of New York Life Insurance Company Agents' Health And Life Benefit Trust?
Karen Bain is the Svp & Chief Compliance Officer of New York Life Insurance Company Agents' Health And Life Benefit Trust. The CEO's salary of New York Life Insurance Company Agents' Health And Life Benefit Trust is $0 and their total compensation is $0.
What is the revenue of New York Life Insurance Company Agents' Health And Life Benefit Trust?
New York Life Insurance Company Agents' Health And Life Benefit Trust's revenue in 2022 was $9,191,769.
Who are the executives of New York Life Insurance Company Agents' Health And Life Benefit Trust and what are their salaries?
There 6 volunteers at New York Life Insurance Company Agents' Health And Life Benefit Trust.
Here are 6 key members and their salaries (New York Life Insurance Company Agents' Health And Life Benefit Trust's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for New York Life Insurance Company Agents' Health And Life Benefit Trust?
New York Life Insurance Company Agents' Health And Life Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New York Life Insurance Company Agents' Health And Life Benefit Trust
The New York Life Insurance Company Agents' Health and Life Benefit Trust is an organization with a unique mission. This entity, functioning as a VEBA trust, receives regular contributions from the New York Life Insurance Company. The primary purpose of these contributions is to prefund life and health benefits for retired agents of the New York Life Insurance Company. This way, the trust ensures that these retired individuals have access to essential health and life benefits, providing them with financial security and peace of mind during their post-career years. The Trust's mission is an important one, as it contributes to the well-being and security of retired agents, allowing them to focus on enjoying their retirement without worrying about their health and life benefits.
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Impact
October, 2024
New York Life Insurance Company Agents' Health And Life Benefit Trust plays a crucial role in ensuring the financial and health security of retired agents of New York Life Insurance Company. By establishing a Voluntary Employees' Beneficiary Association (VEBA) trust, the organization gathers contributions from New York Life to prefund essential life and health benefits. This structure not only provides a safety net for retired agents but also promotes their well-being in retirement.
The trust focuses on mutual benefit, ensuring that agents who dedicated their careers to New York Life receive the support they need for a secure future. This commitment to the health and welfare of its retired agents fosters a sense of community and appreciation, reflecting the company's values. The impact of the trust extends beyond financial assistance; it enhances the quality of life for retired agents, allowing them to enjoy their retirement years with reduced stress regarding health and life coverage. Through these efforts, the trust contributes significantly to the legacy and ethos of New York Life Insurance Company.
This information is meant to be a general summary of New York Life Insurance Company Agents' Health And Life Benefit Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,679,858
- Gross Receipts: $11,139,669
Assets and Liabilities:
- Total Assets: $385,098,881
- Total Liabilities: $0
- Net Assets: $385,098,881
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Organization Details
Founding Year
1993
Phone
(201) 942-2264Principal Officer
Karen Bain
Main Address
30 HUDSON STREET TAX DEPT, JERSEY CITY, NJ, 07302
NTEE Category
Code: Y40 - Mutual benefit
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