New York Life Insurance Co. has rolled out its Partnership for Professionals program, an arrangement where CPAs can collect fees for working with New York Life's agents. Through the program, CPAs can either receive referral fees or get licensed to sell insurance products and receive commission dollars.

For details, see www.newyorklife.com.

As the rules barring CPAs from accepting commissions loosen, more and more financial services firms are looking to tap accountants as a distribution channel. Currently, 41 jurisdictions allow CPAs to earn commissions on the sale of insurance and financial products.

New York Life and its affiliates offer traditional life insurance, annuities, long-term care insurance, institutional asset management and trust services and securities products.

-- SmartPros News Staff

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