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MONY Selects VIP from SunGard to Illustrate Personal Annuities.

Business Editors

MIAMI--(BUSINESS WIRE)--June 4, 2003

SunGard Insurance Systems, an operating group of SunGard (NYSE:SDS), today announced that MONY Life Insurance Company, the primary insurance subsidiary of The MONY Group Inc. (NYSE: MNY), has signed a contract for the deployment of VIP, SunGard Insurance Systems' enterprise wide illustration system, for its annuity channel. SunGard Insurance Systems has been a leading global provider of financial and insurance software solutions for both the individual and employee benefits industries for more than thirty-five years.

The MONY Group, Inc., a financial services firm, is broadening its presence in the annuity marketplace and has selected SunGard's VIP System to illustrate annuity products. VIP gives MONY the ability to illustrate its annuity products through both the accumulation and payout phases, a feature that is lacking in some other systems. New annuity contracts will be illustrated over the Web, enhancing distribution and market advantages.

"SunGard's proposal system will significantly enhance our distributors' ability to show prospects the range of features of MONY's annuity products," said Rick Connors, senior vice president and head of MONY's annuity business. "The added capability gives us a competitive advantage as consumers look for a more complete picture to make their financial decisions."

The VIP system is designed to allow insurance carriers to meet their illustration needs with one system. From basic ledgers to advanced case modeling, VIP can deploy all illustration concepts simultaneously over the Web and/or on a desktop. VIP illustrates all types of insurance and annuity products, and gives the home office complete design and authoring control of input screens and output presentations, without SunGard's intervention.

According to Howard D. Stern, FSA, senior vice president for SunGard Insurance Systems, "The MONY organization is aiming to be an industry leader and we are looking forward to being a part of its strategy. We believe our systems will provide MONY with solid technology and the needed functionality they are looking for."

About The MONY Group, Inc.

The MONY Group Inc. (NYSE: MNY), with $55 billion in assets under management and administration, is a financial services firm that manages a portfolio of member companies. These companies include MONY Life Insurance Company, MONY Life Insurance Company of America, The Advest Group, Inc., Enterprise Capital Management, Matrix Capital Markets Group, Inc., Lebenthal, a division of Advest, Inc., and U.S. Financial Life Insurance Company. These companies manufacture and distribute protection, asset accumulation and retail brokerage products and services to individuals, corporations and institutions through advisory and wholesale distribution channels. Additional company information is available at www.mony.com.

About SunGard Insurance Systems

SunGard Insurance Systems provides integrated marketing and policy administration solutions for both agencies and home offices, supporting both individual and group insurance, annuity, investment contract and pension policy administration. Marketing solutions include client management, financial analysis, retirement and estate planning and sales/in-force illustrations for individuals and for the COLI/BOLI market. SunGard Insurance Systems also offers administrative outsourcing services for niche insurance products. For more information, visit www.insurance.sungard.com.

About SunGard

SunGard is a global leader in integrated IT solutions for financial services. SunGard is also the pioneer and leading provider of information availability services. SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenues of more than $2 billion. Visit SunGard at www.sungard.com.

Trademark Information: SunGard, the SunGard logo, and VIP are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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Publication:Business Wire
Geographic Code:1USA
Date:Jun 4, 2003
Words:617
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