Vanguard Debuts Term Life, Private Equities By IndexFunds.com Staff October 22, 2001

The Vanguard Group expanded its line of financial services recently with term life insurance and private equity offerings offered only to its clientele as part of its strategy to offer one-stop shopping for financial services.

The Vanguard Term Insurance Program provides clients a choice of 10- or 20-year level-premium term life insurance with coverage amounts from $100,000 to $10 million. The firm sells direct to consumers and claims this allows it to provide very competitive pricing. Recommended by many experts for its simplicity and cost effectiveness, term insurance is simple coverage for a set period wiithout savings or other wrinkles. Vanguard also offers variable annuity life insurance.

"Expansion of our insurance services reflects our continued commitment to offer our clients a broad array of very high-value financial services," said John J. Brennan, Chairman and CEO of the Vanguard Group, which is headquartered in Valley Forge, Pennsylvania. Information regarding this insurance product may be obtained at https://www.usho2.com/ , and applications for the product can be done online.

Private equity offerings will be made through Hamilton Lane Advisors, L.L.C., which specializes in private equity and is headquartered near Vanguard in Bala Cynwyd, Pennsylvania. Private equities are investment offerings that are circulated only to select investors who, by law, must be screened for sufficient net worth, experience and sophistication. Such investments could include equity and fixed income deals such as venture capital investment into new firms, leveraged buyouts of mature firms, and mezzanine debt financing of middle-stage firms.

To learn more about Vanguard, visit our Vanguard Microsite.