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TIAA-CREF Life Adopts SunGard Illustration System

By Staff Writer

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NU Online News Service, Feb. 26, 10:07 a.m. – TIAA-CREF Life Insurance Company, New York, has started using the Versatile Illustration Partner system from SunGard Insurance Systems, Miami, a unit of SunGard Data Systems Inc., Wayne, Pa., in a campaign to expand the market for its variable annuities.

TIAA-CREF Life, a unit of the Teachers Insurance and Annuity Association of America, is using the VIP system to illustrate the performance of the variable annuities in both the accumulation and the payout phases, SunGard says.