NU Online News Service, May 27, 2003, 12:21 p.m. EDT – The Vanguard Group, Valley Forge, Pa., says it will start marketing an immediate variable annuity contract backed by units of American International Group Inc., New York, this fall.
AIG will write the Vanguard Lifetime Income Program annuity through AIG Life Insurance Company in most of the United States and through American International Life Assurance Company of New York in New York state, Vanguard says.