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VA Menu Includes Hedge Fund Option

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Jefferson National Life Insurance Company is offering variable annuity holders access to hedge funds and exchange-traded funds.

Jefferson National, Dallas, a unit of Inviva Inc., Louisville, Ky., says its Monument Advisor annuity will include access to the ALPS Variable Series Listed Private Equity Portfolio and ALPS Ibbotson ETF Allocation Series investment options.

The options are advised by ALPS Advisers Inc., Denver.

Jefferson National reports that it has about 60,000 customers.

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