RiverSource Life Insurance Company has agreed to offer portfolio allocation services from Morningstar Associates L.L.C. to holders of some of its variable universal life policies.
RiverSource, a unit of Ameriprise Financial Inc., Minneapolis, will be offering Portfolio Navigator services from Morningstar, Chicago, along with the RiverSource Variable Universal Life IV and Variable Universal Life IV-Estate Series life insurance policies.
The program will include a choice of 5 Morningstar model investment portfolios, RiverSource says.
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