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Quotesmith.Com Launches Instant Medical Insurance Price Comparison Service On The Internet

Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 7/10/1998


Quotesmith.Com Launches Instant Medical Insurance Price Comparison Service On The Internet

DARIEN, Illinois (July 10, 1998) -- Quotesmith.com has today announced an expansion of its popular Internet insurance price comparison service to include instant, real-time quotes for medical insurance at quotesmith.com.

"By making it easy to obtain comparative price and coverage information from competing medical insurance companies in seconds, our newest Internet quote service promises to end the frustrating lack-of-information problem so long associated with buying medical insurance. Starting today, there is simply no reason for any small business, family or individual to overpay for health insurance ever again," remarked Quotesmith.com president and founder, Robert Bland.

The quotesmith.com site, which now allows consumers to obtain instant insurance quotes from over 300 insurance companies on several lines of insurance, is regarded by many as being the leading Internet portal to the confusing world of insurance. The company's powerful search and retrieval engines provide insurance shoppers with vital information, including instant quotes, that is not available from any other single source.

Bland continued, "With each passing week, we're adding more and more medical insurance companies to our latest quotation service. And with each additional listing, the consumer gains buying power through perfect market knowledge. Medical insurance shoppers will appreciate our simple method of presenting insurance quotations which are, like all of our other insurance quote services, direct, unbiased and up-to-the-day accurate."

Quotesmith.com, a leader in providing consumers with instant quotes from over 300 insurance companies on several lines of insurance at quotesmith.com, is positioning its new service as a quick and easy solution to the problem of obtaining comparative medical insurance information. Quotesmith.com's instant insurance price comparison service also provides policy information, independent ratings information and allows any site visitor the freedom to apply to the company of their choice without having to deal with any commissioned salesmen.

On January 9, 1998 Quotesmith.com was named "Unquestionably the number one rating service on the Internet, by a very wide margin" by FBO Newsletter, a Raleigh, North Carolina publication. And in its July 1998 issue, Money magazine named Quotesmith.com's Web site the Super Deal "place to shop online for insurance."

Founded in 1984, Quotesmith.com owns and operates the largest and most comprehensive insurance pricing databases in America. Quotesmith.com now provides instant insurance quotes and comparative policy information on over 300 leading insurance companies on several lines of insurance including individual term life insurance, final expense whole life insurance, fixed annuities, medicare supplement insurance and individual & family medical insurance. The company databases are updated throughout each day.

In addition to providing instant policy pricing and coverage information, Quotesmith.com also displays initial acceptance underwriting guidelines and the latest claims-paying ability ratings from A.M. Best, Duff & Phelps, Moody's, Standard & Poor's and Weiss Research, Inc. along with every quote.

Quotesmith.com caters to the needs of self-directed individuals and families who prefer to make their own buying decisions without the involvement of face-to-face insurance salesmen.

Quotesmith.com also announced today that it intends to begin offering instant small group medical insurance quotes on the Internet at quotesmith.com during the fourth quarter of 1998.

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

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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 reserved. Quotesmith.com, Inc.

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