WASHINGTON -- Massachusetts Financial Services has signed up its first client for a new line of mutual funds that was designed to help banks and other financial inter- mediaries build variable annuities.

Plan America, the financial planning subsidiary of the Credit Union National Association, will begin offering an annuity using the MFS World Government Fund, one of 12 portfolios in the MFS Variable Insurance Trust, said F. Bennett Coleman, vice president of the MFS Asset Management Group.

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