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TIAA-CREF Life Awards Major Technology Contract

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NU Online News Service, April 13, 2005, 3:22 p.m. EDT

TIAA-CREF Life Insurance Company, New York, has picked an Atlanta firm to help it with policy administration services.[@@]

The Atlanta firm, McCamish Systems L.L.C., will be assisting TIAA-CREF Life with administration of new universal life and variable universal life product lines.

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McCamish already is developing the systems needed to support the UL and VUL products, and TIAA-CREF Life has scheduled the official product launch for 2006, McCamish says.

TIAA-CREF Life is an arm of Teachers Insurance and Annuities Association-College Retirement Equities Fund, New York, one of the organizations that popularized the idea of letting employees manage their own retirement plan assets.