Sage Life Assurance of America, Inc. has expanded its variable annuity investment options with the addition of five new portfolios from First American Funds and Van Kampen Asset Management, Inc.

Stamford, Ct.-based Sage currently offers 26 subaccounts managed by other fund groups, including AIM, Fred Alger Management, INVESCO, MFS, and Oppenheimer Funds. According to Info-One/VARDS, annuity policies offer an average of 33 subaccounts.

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