America’s largest mutual life insurer announced strong gains in sales of life insurance, income annuities, long-term care insurance, and mutual funds, as well as an increase in the field force for the first six months of 2010.

New York Life Insurance Co. reports that its individual life insurance sales increased 47% through June, compared to an all-time record for sales in the first six months of 2009. This growth is largely being driven by increased sales of both permanent insurance and term products, including the company’s custom whole life product, a form of whole life that allows consumers to choose how long they pay premiums.

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