NEW YORK — New York Life Insurance Co. has two new products for the estate and business succession planning market.

Both are variable life products in the Pinnacle Series line and are marketed through the company’s New York Life Insurance and Annuity Corp. subsidiary.

The new products have 33 investment options, including a fixed account and a scheduled term rider. The latter lets the customer adapt coverage beyond the year 2010 to changes to estate-tax law.

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