McCamish Systems Extends Customer Service for Corporate Owned Life Insurance onto the Internet

ATLANTA--(BUSINESS WIRE)--August 23, 2000--McCamish Systems, a leading independent provider of business-to-business administration services and benefit plan recordkeeping solutions for the financial services industry, is pleased to announce the deployment of another addition to their suite of online capabilities.

The new Internet capability at www.colionline.com enables McCamish's clients and their brokers, agents and sponsors to access their Corporate Owned Life Insurance (COLI) policy information online.

This web site provides access through a highly sophisticated Internet application using secure data encryption. Clients, brokers, agents and sponsors can log in to the main site or to a site customized specifically for the client, to execute a wide variety of transactions and requests over the Internet.

COLI Online.com enables users to access critical policy information online, including base system reports, custom data extracts and downloadable forms. The user needs are satisfied in real time, without reliance on clerical processing or human intervention.

Upcoming enhancements to COLI Online.com include policy quotation, transaction history, fund price history and fund prospectus information for the policy holders.

McCamish Systems' VPAS® (Variable Products Administration Systems) business solutions deliver rapid deployment and client-specific functionality for the administration of their clients' unique product lines. McCamish clients utilize these administration solutions through remote, leased or BPO (Business Process Outsourcing) environments.

The VPAS® family of products currently provides rapid customization of administration support software for new and existing clients desiring to market Corporate-owned Life (COLI), Bank-owned Life (BOLI), Variable Annuities (VA), Variable Universal Life (VUL), Private Placement Life and Annuities, or the newest Non-Qualified Benefit Plans.

Empowering McCamish clients with the time saving value of direct online access reduces the potential for human error and enables McCamish customers to maintain a position on the leading edge of administrative services. McCamish is one of the first of its kind to implement direct, real time access through the Internet for financial services clients and their brokers, agents and sponsors.

***

For more information about McCamish Systems, please contact our Sales & Marketing group at Solutions@McCamish.com or call 800.366.0819.