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Products January 9, 2003
NY Life Expands Executive Retirement Offerings
September 25, 2001 (PLANSPONSOR.com) - New York Life
Insurance Company has expanded its service offerings for
small and mid-sized businesses with a new
acquisition.
Reported by Nevin E. Adams
New York Life has acquired the ongoing assets of the small and mid-size case Corporate-Owned Life Insurance (COLI) business of the Clark/Bardes Partners division of Clark/Bardes Consulting.
This deal, which does not include the existing book of Clark/Bardes business, will enable New York Life to provide supplemental executive retirement programs for small and mid-sized companies.