NU Online News Service, Aug. 24, 11:43 a.m. – Clark/Bardes Consulting Barrington, Ill., which provides executive compensation and benefit solutions, today announced it will sell the small corporate-owned life insurance business of its Clark/Bardes Partners, division Stamford, Conn., to New York Life, New York.

Formerly known as Insurance Alliance Group, Clark/Bardes Partners was acquired in May 2000 for $3.5 million. The sale is expected to close before the end of the third quarter, says Clark/Bardes.