NEW YORK--(BUSINESS WIRE)--New York Life today announced that Aaron Ball has joined New York Life as vice president and leader of the company’s Long-Term Care Insurance business based in Austin, Texas. He reports to Craig DeSanto, senior vice president of Life Insurance and Long-Term Care. Mr. Ball will be responsible for overseeing the company’s Long-Term Care business, including all facets of product development and marketing.
“Aaron brings to New York Life a wealth of experience and knowledge in the long-term care solutions space where we see significant potential in the years ahead. We look forward to his leadership as we help Americans address their long-term care risk,” said Mr. DeSanto. “Aaron’s appointment to this role strengthens our management team in a business that is vital to the retirement planning needs of millions of Americans.”
Mr. Ball joins New York Life from Genworth where he spent 12 years, most recently as the head of product and inforce for their long-term care business. Prior to that, he was senior vice president and general counsel, Insurance Products. Before joining Genworth, Mr. Ball held senior legal and compliance roles at AmSouth Investment Services and M&T Brokerage. Mr. Ball earned a bachelor’s degree from Loyola University and a JD from the University of Baltimore. Mr. Ball is originally from Baltimore, Maryland. He and his family are relocating to Austin.
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. Visit www.newyorklife.com for more information.
*Based on revenue as reported by “Fortune 500 ranked within
Industries, Insurance: Life, Health (Mutual),” Fortune magazine,
6/16/14. For methodology, please see http://fortune.com/fortune500/.
**Individual
independent rating agency commentary as of 8/13/14.
***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.