A Career at New York Life Insurance Company

Frank M. Boccio '74 Boccio is Executive Vice President and Chief Administrative Officer of New York Life Insurance Company. He reports directly to New York Life Chairman, President and Chief Executive Officer Ted Mathas. Throughout his 40 year career, Frank has held a series of managerial and senior leadership positions across many of the Company’s current and former businesses including individual life insurance, annuity, disability income, the AARP life insurance program, long-term care and group life and health. He has overseen an extensive array of functions and operations including underwriting, customer and agent services, claims, information systems and technology, corporate services, corporate insurance management, corporate security and disaster recovery, procurement, philanthropy, human resources and internal auditing. He has had overall responsibility, simultaneously, for as many as seven departments, more than half of the Company’s nine thousand employees, and an annual expense budget of nearly one billion dollars.

In 1974, after graduating from Queens College of the City University of New York, Mr. Boccio joined New York Life as a customer service trainee in the group insurance area and during the next several years his responsibilities expanded rapidly through a series of promotions and departmental moves across several disciplines. He became an officer of the Company in 1984. He was promoted to Vice President in 1989. In 1995, Mr. Boccio was promoted to Senior Vice President. He was appointed to New York Life’s Executive Management Committee in 2000. In 2002, he was named Chief Administrative Officer of the Life and Annuity business unit. He was elected Executive Vice President and Chief Administrative Officer of the Company in 2007.

Mr. Boccio is a member of the Board of Directors of several of the Company’s subsidiaries such as New York Life Insurance and Annuity Corporation, NYLIFE Securities-LLC, Eagle Strategies-LLC and New York Life Investment Management Service Company-LLC. He is also Vice Chairman of the New York Life Foundation. Additionally, Mr. Boccio had served for several years on the Board and Audit Committee of Seguros Monterrey-New York Life – the Company’s insurance subsidiary in Mexico.