Berger Funds Added to Two Variable Product Lines.Business Editors DENVER--(BUSINESS WIRE)--Dec. 13, 2001 Berger Funds today announced that several of the company's variable funds have recently been added to the product lines of American Life Insurance Company of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Pan-American Life. Both companies will now offer clients the following investment options: Berger IPT-Large Cap Growth, Berger IPT-Small Company Growth, Berger IPT-New Generation and Berger IPT-International. In addition to these funds, American Life will also include Berger IPT-Growth in its annuity product lineup. "The variable annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. market is rapidly growing and Berger is working hard to increase our presence in this arena through new partnerships with best-of-breed insurance companies," said Dave Mertens, Berger Senior Vice President of Institutional Marketing. "We are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that American Life of New York and Pan-American Life both recognize our ability to provide superior equity products for their clients," Mertens said. American Life is an electronically enabled life and annuity company that is fully licensed in 50 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . American Life is rated A- (Excellent) by A.M. Best. Headquartered in New Orleans, Pan-American Life offers a wide range of market-leading financial products, including life, disability and supplemental insurance, and 401(k) plans that emphasize investment selection and ease of administration. About Berger With over $7 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. (as of 11/30/01), Berger manages 12 no-load equity funds, including Berger Growth Fund, Berger Large Cap Growth Fund, Berger Balanced Fund Balanced Fund A mutual fund that invests its assets into the money market, bonds, preferred stock, and common stock with the intention to provide both growth and income. Also known as an asset allocation fund. , Berger Small Company Growth Fund, Berger Mid Cap Growth Fund, Berger New Generation Fund, Berger Select Fund, Berger Information Technology Fund, Berger Small Cap Value Fund (closed to new investors), Berger Mid Cap Value Fund, Berger Large Cap Value Fund and Berger International Fund. The SEC requires that the following information be included in this news release: Variable annuity and variable life contracts are offered through their respective insurance companies. Please refer to the variable contract prospectus for an explanation of the fees, charges and expenses. To obtain a prospectus for the Berger Funds that contains more complete information, including risks, fees and expenses, call 800/259-2820. Please read it carefully before you invest or send money. Berger Distributors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control - Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). (12/01) |
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