Albert Schiff is the new chairman of the American College Foundation board.

Schiff is the chief executive of NYL Executive Benefits L.L.C., New York, a unit of New York Life Insurance Company.

Schiff, who has a bachelor’s degree from the University of North Carolina at Chapel Hill, holds the Chartered Life Underwriter professional designation.

He has been president of the Association for Advanced Life Underwriting, Falls Church, Va., and chairman of the International Million Dollar Round Table Top of the Table, Park Ridge, Ill.

Schiff also has served as a captain in the United States Navy Reserve.