MONY Enhances Non-Qualified Funding Product

August 27, 2001( - Plan sponsors who use corporate-owned life insurance as a means of funding their non-qualified benefit plans could benefit from changes made to MONY's corporate sponsored variable universal life (CSVUL) product.

The changes have boosted the cash surrender value of the product offered by MONY Life Insurance Company of America, making them greater by various percentages for the first eight years of the policy as compared to those without the enhancement.

In the first policy year, for example, the amount of surrender value payable will increase by approximately 5%, with increases reaching as much as 7% in the following two years of the policy.

The CSVUL product also offers a unique combination of flexible death benefits, flexible premium payments, potentially high early cash values, investment flexibility and liquidity features.