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The 'AAA' ratings on the note programs and related issues recognize the trust obligations are secured solely by funding agreements issued by NYLIC with cash flow structures that enable the trustees to pay the principal and interest on the notes. The assignment of 'AAA' ratings to the note programs and related issues recognizes that the trust obligations are secured solely by funding agreements issued by NYLIC with cash flow structures that enable the trustees to pay the principal and interest on the notes. The record-breaking 50th consecutive year distinction validates that education and training of New York Life agents through programs like the MDRT mentorship program and NYLIC University are empowering our agents and giving them the tools they need to be the best in the business," says Paul Morris, senior vice president, Agency Department of New York Life. |
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