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Quotesmith.com Publishes Life Insurance Underwriting Guidelines On The Internet

Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 8/20/1997


Quotesmith.com Publishes Life Insurance Underwriting Guidelines On The Internet

DARIEN, Illinois (August 20, 1997) -- Quotesmith.com has announced the expansion of its life insurance price comparison service through the addition of heretofore unpublished underwriting guidelines so that consumers can understand the qualifications actually required by the insurance companies to obtain a particular premium rate. The company's World Wide Web address is www.quotesmith.com.

Commenting on the release of this new information, Quotesmith President and founder Robert Bland said, "Insurance underwriting guidelines have been hidden or made too confusing for too long. We're pleased to publish this vital pro-consumer information which has been historically entombed in the briefcases of insurance salesmen. By publishing underwriting guidelines, we're raising the level of disclosure for consumers while demystifying and simplifying the term life buying process at the same time. Term life premiums in America are continuing to drop which makes it even more important to have this vital information alongside every Quotesmith.com quote."

Bland continued, "The emergence of the Internet as a medium for accurate communications is driving a revolution in the insurance markets which, in turn, is yielding an information bonanza to consumers that they've never had before with insurance. Quotesmith provides a single source of instantaneous quotes from over 300 insurance companies where buyers can quickly obtain factual information and request applications from the company of their choice without having to deal with any insurance salesmen."

"The up-to-the-day accurate quotes that we provide from over 300 leading insurance companies are not available from any other single source. Our unique service is driving the industry's continuing transformation towards dealing with a more enlightened policyholder in a non-pressured setting. We're aiming to streamline the insurance purchasing process and eliminate the confusion and uncertainty that the public associates with the purchase of insurance through face-to-face insurance salesmen."

Quotesmith.com also provides the latest A.M. Best, Duff & Phelps, Moody's, Standard & Poor's and Weiss Research, Inc. ratings on each company with each quote.

Founded in 1984, Quotesmith.com is a privately-held company which provides an instant price comparison service on term life, Medicare supplement and tax-deferred annuities from more over 300 leading life insurance companies. In addition to providing direct consumer access to its continually-updated insurance price comparison service on the World Wide Web, Quotesmith also allows consumers to purchase insurance online from the company of their choice, without the involvement of any insurance salesmen.

Within the last four years, the Quotesmith 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, Fortune and The Web.

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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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