NU Online News Service, Dec. 11, 2:32 p.m. – MONY Life Insurance Company, a unit of The MONY Group Inc., has received approval to market its corporate-sponsored variable-universal life insurance product, or "COLI" coverage, in New York state.
The MONY product sold in New York includes 52 investment options in 13 fund families.
MONY says it plans to market the product aggressively to midsize corporations, banks, and the brokers that serve midsize corporations and banks.
MONY already offers COLI coverage in 47 other states.
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