Major Insurer Sees Higher Life Sales 

New York Life Insurance Company reports strong gains in life insurance sales and in agent recruitment for the first nine months of 2009.

Agency life insurance sales increased 8% through September over 2008, which the company says is its best 9-month start of any year on record. Sales grew for both permanent insurance and term products, the company says.

Despite a national unemployment rate of around 10%, New York Life says its new agent recruiting was up 9% over 2008 for the period ending Sept. 30.

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