New York Life Buys COLI Business

September 25, 2001 at 08:00 PM
Share & Print

NU Online News Service, Sept. 25, 10:22 a.m. – New York Life Insurance Company, New York, says it has bought a unit of Clark/Bardes Consulting Inc., North Barrington, Ill., that sells small and midsize corporate-owned life insurance cases.

Clark/Bardes will be keeping the existing book of COLI business, and it will also keep a unit that sets up large COLI cases.

The deal will help New York Life set up supplemental executive retirement programs for small and midsize companies, New York Life says.

The price of the Clark/Bardes COLI business was not disclosed.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Related Stories

Resource Center