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Quotesmith.com Announces Instant Annuity And Medicare Supplement Quotes From 190 Leading Insurance Companies

Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 4/17/1997


Quotesmith.com Announces Instant Annuity And Medicare Supplement Quotes From 190 Leading Insurance Companies
DARIEN, Illinois (April 17, 1997) -- Quotesmith.com today announced an expansion of its instant insurance price comparison service on the Internet through the addition of instant quotes for two more lines of insurance; annuities and medicare supplement. The company's World Wide Web address is www.quotesmith.com.

The company's brand new fixed annuity quote service enables annuity buyers to instantly compare both guaranteed and projected interest rates now being offered by 110 leading insurance companies rated A- "Excellent" or better by A.M. Best Company. The company's brand new Medicare supplement insurance price comparison service provides live, real-time quotes from 80 leading insurance companies.

Commenting on the release of the two new services, Quotesmith.com President Robert Bland said, "We're taking insurance disclosure for consumers to a new and higher plateau by empowering self-directed annuity and medigap buyers with the instantaneous ability to compare factual policy pricing and coverage information without having to deal with any insurance salesmen. These two new services mark another milestone in the advancement of electronic commerce for the insurance-buying public. For some lines of insurance, our web site also allows insurance buyers to apply to the company of their choice without having to deal with any commissioned salesmen."

Bland continued, "Neither the fixed rate, tax-deferred annuity market or the Medigap market has had, until Quotesmith.com, a centralized information source where buyers can obtain factual, unbiased information on their own. The rapid emergence of the Internet as a tool for communications and commerce is driving a revolution in the insurance markets which is giving consumers an information benefit that they've never had before with buying insurance. The proprietary, up-to-the-day accurate information we provide is not available from any other single source in America. Our unique services are driving the industry's continuing transformation towards dealing with a more enlightened policyholder. By disclosing things like highest guaranteed annuity interest rates and the best prices for the 10 standard Medigap plans directly to the public, we're aiming to streamline the insurance sales process and eliminate the confusion and uncertainty that is normally associated with the purchase of insurance."

Each Quotesmith.com comparison report also shows the latest A.M. Best, Duff & Phelps, Moody's, Standard & Poor's and Weiss ratings on each company.

Founded in 1984, Quotesmith Corporation is a privately-held company which offers direct consumer access to its continually-updated insurance information databases on the World Wide Web. The company currently makes available the latest premium rates, policy coverages and financial stability ratings on more than 140 leading term life insurance companies

Within the last four years, the Quotesmith.com insurance price comparison service has been mentioned in Money, Forbes, The Wall Street Journal, Kiplinger's Personal Finance, Good Housekeeping, Investor's Business Daily, SmartMoney, Home Office Computing, Profit, Nation's Business, Independent Business, Bottom Line, Worth, Entrepreneur, Consumers Digest, Jane Bryant Quinn's Column and Fortune.

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This communication appears as a matter of information only and is not an insurance solicitation. Accordingly, no employee of Quotesmith.com, Inc. is recommending or endorsing any specific insurance company, coverage or policy type within this communication. Some insurance companies appear at Quotesmith.com for purely informational purposes only and pay no compensation to Quotesmith.com and some insurers pay commissions to Quotesmith.com based upon premium volume. Quotesmith.com is a service mark of Quotesmith.com, Inc. All other names are trademarks of their respective owners. South Dakota agent #333509159, California agent #0827712, #OA13858. CA & UT dba Quotesmith.com Insurance Services. UT #90093. Copyright 1999. All rights reserverd. Quotesmith.com, Inc.


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