NU Online News Service, Oct. 21, 9:57 a.m. – JPMorgan, New York, announced that the Merrill Lynch Insurance Group, New York, has selected it to provide services for its new mutual fund affiliate, MLIG Variable Insurance Trust.

JPMorgan Investor Services will provide the Merrill Lynch trust with performance measurement, fund accounting, fund administration and ancillary regulatory support services.

Merrill Lynch Insurance Group is offering, through its insurance company subsidiaries, Merrill Lynch Life Insurance Company and ML Life Insurance Company of New York, a new variable annuity product for high- net-worth investors, JP Morgan says.

The MLIG VIT will offer a number of its portfolios to separate accounts supporting the MLIG variable insurance products, JP Morgan says.