New York Life Unit Aims to Boost Sales Via Banks

MainStay Investments, New York Life Insurance Co.'s proprietary fund unit, is actively embracing banks for the first time, but in way that minimizes costs in uncertain times.
Executives at MainStay said they plan to sell its products through the parent company's wholesalers that already sell annuities to banks instead of developing relationships with banks on its own...

INN: New York Life Unit Aims to Boost Sales Via Banks