Does the Interagency Statement on the Retail Sales of Non Deposit Investment Products cover only mutual funds and annuities, or does this also cover the sale of life insurance policies?

According to the FDIC website below, they consider life insurance policies to be a non-deposit investment product.

http://www.fdic.gov/deposit/investments/investments/#nondeposit

Also, the excerpt below is taken from the FRB Commercial Bank Exam Manual (Section 4043.1):

When a bank sells insurance products or annuities that also are securities (such as variable life insurance annuities), it must conform with the applicable Federal Reserve and interagency guidance pertaining to a bank’s retail sales of nondeposit investment products (NDIPs). If the Consumer Protection in Sales of Insurance (CPSI) regulation and the guidance pertaining to NDIPs conflict, the CPSI regulation prevails.