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MONY Enhances COLI/BOLI Product.

Business Editors

NEW YORK--(BUSINESS WIRE)--Aug. 27, 2001

MONY Life Insurance Company of America, a subsidiary of The MONY Group (NYSE: MNY), announced today an enhancement to the cash surrender value of its corporate sponsored variable universal life (CSVUL) product. The enhancement boosts the amount of the cash surrender value for better balance sheet management.

The cash surrender values of CSVUL policies with this enhancement will be greater by various percentages for the first eight years of the policy as compared to policies without the enhancement. In the first policy year, for example, the amount of surrender value payable will increase by approximately five percent, with increases reaching as much as seven percent in the second and third years of the policy.

"This cash value increase is another example of how we are continually enhancing the product and service offerings we provide around our CSVUL product," said Sam Chiodo, CLU, ChFC, vice president, corporate and strategic marketing, MONY Life Insurance Company. "Our role as a corporate-owned life insurance (COLI) and bank-owned life insurance (BOLI) service provider is twofold. One, to provide customized competitive products that help companies address benefit and compensation issues. And second, to provide ongoing support and ancillary services around our products."

MONY's CSVUL policy is specifically designed to meet the ever-changing needs of corporate life insurance purchasers. Corporate-owned life insurance can be one of the most cost-effective and tax-advantaged methods of funding nonqualified benefit plans including supplemental executive retirement plans (SERPs), 401(k) overlay plans, supplemental executive life insurance plans and phantom stock plans. CSVUL has a unique combination of flexible death benefits, flexible premium payments, potentially high early cash values, investment flexibility and liquidity features.

The MONY Group Inc. (NYSE: MNY), with approximately $55 billion in assets under management and administration, provides life insurance, annuities, mutual funds, brokerage, asset management, business & estate planning, trust and investment banking products and services to individual and institutional clients through several member companies. The MONY Group focuses primarily on offering customized financial solutions through multiple distribution channels, including a career network, brokerage general agencies, financial advisors, brokers, and other complementary channels. The MONY Group's (www.mony.com) member companies include The Advest Group, Inc., MONY Life Insurance Company, MONY Life Insurance Company of America, Matrix Capital Markets Group Inc., Enterprise Capital Management, Inc., U.S. Financial Life Insurance Company, MONY Securities Corporation and Trusted Securities Advisors Corp.

Corporate sponsored variable universal life (CSVUL) policy is sold by prospectus, which contain more information including charges and expenses. Please read the prospectus carefully before investing or sending money. Surrender values vary and depend on the performance of the policy sub-accounts.

CSVUL Issued by: MONY Life Insurance Company of America (An Arizona Stock Corporation not licensed

to solicit or transaction business in New York.) 1740 Broadway

New York, NY 10019

CSVUL Distributed by: MONY Securities Corporation Member NASD, SIPC 1740 Broadway New York, NY 10019 800 736 0166

MONY Life Insurance Company (MONY), MONY Life Insurance Company of America (MLOA), and MONY Securities Corporation (MSC) are members of The MONY Group.
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Publication:Business Wire
Date:Aug 27, 2001
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