NU Online News Service, March 3, 2003, 11:22 a.m. EDT – TCi Consulting & Research, Cresskill, N.J., has released a software tool and three life insurance and annuity benchmarking survey reports.

The software tool, the TCi ToolKit, helps companies shop for life insurance and annuity product administration systems, distributor compensation systems, and insurance product administration companies.

The product includes a model “request for proposals,” a guide to evaluating RFP responses, a list of vendors, and a checklist for keeping track of the vendor evaluation process.

TCi’s new survey reports cover its 2002 Annuity Contract Expense Survey, its 2002 Life Insurance Operations Survey and its 2002 Life Insurance Information Technology Expense Survey.