(Todd Taylor Head of Retail Annuities, New York Life. Image source: New York Life.)
New York Life (New York), America’s largest1 mutual life insurer, announced the appointment of Senior Vice President Todd Taylor as Head of Retail Annuities, the company’s second-largest profit center and a top five annuity provider with over $13 billion in sales in 2021. In this role, Taylor will lead the product development and management, strategy, marketing, third-party sales and service, and operations functions for New York Life’s retail annuity business line.
“New York Life has a long history of providing peace of mind and security in retirement and a deep appreciation for how challenging the transition from accumulation to decumulation can be for retirees,” comments Taylor. “Our commitment to understanding retirees’ needs and behavior in retirement continues to inform the best-in-class solutions we bring to market and the support we provide to New York Life financial professionals and advisors. I’m honored to lead the group charged with ensuring millions of Americans can enjoy the retirement lifestyle they’ve worked hard to achieve.”
Taylor joined New York Life in 2008 as part of the company’s actuarial training program. Since then, he has held roles of increasing responsibility across the insurance and annuity businesses and corporate areas, including work in pricing and product development, financial projections and planning, and corporate strategy and internal consulting. Most recently, he led strategy and analytics for Retail Annuities.
Taylor is also the author of several articles and whitepapers that focus on retirement topics, including the value of income annuities in retirement income strategies, the impact of behavioral economics on retiree spending behavior, and healthcare expenditures in retirement. He holds a patent for the “Efficient Income Frontier,” a proprietary retirement product allocation framework. He holds a Bachelor of Science in Economic Analysis and Math from Binghamton University and is a Fellow of the Society of Actuaries as well as a board member for the Insured Retirement Institute (IRI) and a member of advisory boards for the American College’s Center for Retirement Income and the Investment and Wealth Institute’s Retirement Management Advisor (RMA) Commission.
Taylor takes over the role from Dylan Huang, SVP and Head of Retirement and Wealth Management Solutions, following an expansion of Huang’s responsibilities. Huang now oversees a portfolio of businesses comprised of Retail Annuities, Long-Term Care Solutions, NYLIFE Securities LLC (broker-dealer), and Eagle Strategies LLC (Registered Investment Adviser).