American Financial Systems

MONY Corporate Strategies Group Supports Product Innovation & Sales Efforts with AFS Online Technologies

April 16, 2004 -The MONY Group has chosen American Financial Systems (AFS)' online technologies, Deferral.com and COLI.com, as the preferred technology platform for its executive benefit plan administration and sales support.

Through this new arrangement, MONY agents and brokers will have free access to Deferral.com's state-of-the-art online system for the administration of share-based deferral plans of all types and sizes. MONY affiliates will use Deferral.com to bring top-notch administration and recordkeeping services to their clients.

The selling efforts of MONY affiliates will be powerfully supported by the COLI.com illustration platform. COLI.com is a comprehensive online site for integrating the major pieces of all COLI-funded benefit plans, from comprehensive design to an array of funding solves, to easy in-force re-projection with dynamic connection to numerous policy administration systems. A central piece of COLI.com is the web version of the AFS Master System, the market-share leading COLI desktop system for more than a dozen years.

Says AFS chairman Daniel Johnson, "We have installed some pretty amazing logic for the MONY Group's new and innovative life product that will allow an optimal blend of pre-priced product components to be found that precisely maximizes the product with respect to the weighted set of goals and values of the user. This technology is a major step forward in harnessing the awesome processing power of modern computers towards the end of optimizing financial product design."

According to MONY Corporate Strategies Group chief Sam Chiodo, "CSG recognizes how important it is for brokers and agents to offer top-notch administration and record-keeping services to their clients, and we are very excited to be able to assist in this effort. This partnership with AFS is a key part of CSG's product innovation efforts."

Both Deferral.com and COLI.com are products of The AFS Companies™ (www.afs-link.com), experienced technology and service providers to the nonqualified and supplemental benefits industry since 1984.

The MONY Group Inc. (www.MONY.com), with $55 billion in assets under management and administration, is a financial services firm that manages a portfolio of member companies, including the MONY Life Insurance Company. MONY's corporate owned life insurance (COLI) and banked owned life insurance (BOLI) product portfolios have helped corporations and banks attract, retain and reward highly compensated employees such as presidents, vice presidents and department heads, by offering a cost-effective way of informally funding non-qualified compensation plans.