McCamish Systems announced Tuesday that TIAA-CREF Life Insurance Co.'s newest product, Intelligent Life variable universal life insurance, had been launched on McCamish's site in Atlanta.
The policy expands investment choices, simplifies fees and charges, and facilitates understanding of the product design, McCamish said.
The full-service provider of outsourcing services to life insurance companies said it will supply full back-office support for the product, including policy issue, service center support, policy administration, disbursements, and claims processing. TIAA-CREF, a stock life insurance company, along with its subsidiary TIAA-CREF Life Insurance, is one of just two insurers to get the highest credit ratings from all major rating agencies.
TIAA-CREF had more than $380 billion of assets under management at March 31.
