McCamish Systems Announces Implementation of MTL Insurance Private Placement Product in Only 90 Days

This implementation illustrates the speed with which McCamish delivers administration solutions for new product launches

ATLANTA--(BUSINESS WIRE)--November 6, 2001--MTL Insurance (MTL), a member of the Mutual Trust Family of companies, and McCamish Systems are pleased to announce that MTL's first private placement variable universal life insurance product has been deployed into McCamish's production facility in record time.

In only 90 days, MTL and McCamish worked together to implement the product to meet MTL's market requirements. Most importantly, the implementation was delivered on time and under budget.

"This project met all of our goals," said Gary Eisenbarth, CEO of MTL Insurance Company. "Like similar projects, it was complex and involved significant communication and coordination challenges. I attribute much of our success to the ability, hard work and dedication of the McCamish team. They were able to improvise and quickly solve any problems that arose."

After a market search to identify an enterprise administration solution, MTL chose to outsource their policy administration to McCamish Systems, which uses its proprietary VPAS® Life administration platform for the support of sophisticated private placement products, as well as a whole range of additional separate and general account products.

"Obviously, this was a very successful project from McCamish's perspective," said Gordon Beckham, Vice Chairman. "Taking a brand new client like MTL from scratch to market in 90 days illustrates McCamish's unwavering commitment to our clients' business imperatives and the strength of McCamish's people, processes and systems. We delivered on time as promised which, in turn, enabled MTL to meet its market commitments. The fact that we were able to do it under budget is just as much a testament to MTL's focus and management as it is to ours. They were a fabulous client to work with who knew what they wanted when we started and never vacillated from their original vision."

VPAS® Life is a state-of-the-art administration platform that even makes complicated PPVUL product implementations look routine. The system itself has a component-based architecture that is designed for rapid deployment of life and annuity insurance products which enabled McCamish to begin unit testing for MTL's product within the first two weeks of the implementation project.

MTL Insurance Company

MTL Insurance Company is a 97-year-old member of the Mutual Trust Family of Companies. The company specializes in PPGA distribution of permanent life insurance. The core goals of the company involve providing superior value to customers. This is accomplished through its partnership with the field and the superior service that its associates deliver.

McCamish Systems, L.L.C.

McCamish Systems' VPAS® (Variable Product Administration Systems) product family includes VPAS® Life and VPAS® Benefit Plan Administration as client/server based, relational database systems that are scalable, feature-rich and flexible enough to be customized to suit unique client requirements. McCamish provides its solutions in BPO (Business Process Outsourcing), Remote or License environments.

VPAS® Life supports administration of variable and fixed annuities, variable and fixed universal life, private placement products, and corporate and bank owned life insurance programs (COLI and BOLI). VPAS® Benefit Plan Administration provides recordkeeping capabilities for SERP, Split Dollar and other non-qualified benefit plans. All VPAS® products are Internet enabled, allowing clients, brokers, agents, sponsors and participants access to policy and plan information.

McCamish Systems is a privately held company based in Atlanta, Georgia.

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