NU Online News Service, March 5, 2003, 12:35 p.m. EDT – New York Life Insurance Company, New York, has introduced the Life Extension Benefit Rider II, a new version of its extension rider for the universal life and variable-universal life policies in its NYLIAC Pinnacle Series product family.
Business owners, wealthy individuals and others can use the rider to protect their assets by extending life coverage past age 100, New York Life says.
New York Life issues the Pinnacle policies through its New York Life Insurance and Annuity Corp. subsidiary.
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