Despite assertions to the contrary, bankers have Considerable legal clout.to make life insurance a prime retail investment product, said Michael White, president of the Financial Institutions Insurance Association.

"Bank insurance powers are far more widely distributed than our opponents pretend and agitate for," Mr. White told a record gathering of 325 bankers and insurance industry representatives at the association's fall conference in San Francisco.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.