EVANSTON, Ill., Oct. 15, 2003 (PRIMEZONE) -- Beacon Research announced today that New York Life has joined the growing group of some 100 participants in its AnnuityNexus fixed annuity database, featuring carrier-approved profiles unique in their accuracy, comprehensiveness and timeliness.
"We're pleased to partner with Beacon Research to make information on our fixed annuity products available," said Corey Multer, vice president at New York Life. "It's also helpful that we can now use Beacon's AnnuityNexus web-based systems to analyze products."
"New York Life is a very important fixed annuity manufacturer," said Stephanie Brandt, director of research at Beacon. "We've worked closely together to assure that our profiles of their products are correct and complete, and we're delighted to welcome New York Life as a data partner."
About New York Life
New York Life Insurance Company, a Fortune 100 company, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world. Founded in 1845 and headquartered in New York City, New York Life and its affiliates offer life insurance, annuities and long-term care insurance. New York Life Investment Management, LLC, a New York Life affiliate, provides institutional asset management, retirement plan and trust services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.
Visit New York Life's Web site at www.newyorklife.com for more information.
About Beacon Research
Beacon Research is an independent research organization founded in 1997. It compiles and publishes market intelligence on fixed annuity products for subscribers to its website -- www.annuitynexus.com. Carriers access the AnnuityNexus website to support product development, rate setting and competition research. Distributors use it for product analysis and selection. The new AnnuityNexus Sales Support System is an important resource for retention teams and sales desk staff throughout the distribution chain. Beacon's new Fixed Annuity Premium Study is the first to track these sales at the product level, with analysis by Milliman USA. Beacon also licenses information and software tools to other platforms, including websites for sales representatives, AnnuityNet's annuity automation platform, and LifeLink Corporation's insurance sales platform. Beacon's fixed annuity benchmark series -- the industry's first -- is available through Ibbotson Associates. Directly and through strategic alliances, Beacon information can be accessed by hundreds of financial institutions and distributors.
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