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Quotesmith.com Debuts New Return of Premium Term Life Search Engine

Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 9/03/2003

Quotesmith.com Debuts New Return of Premium Term Life Search Engine


  • Dedicated search engine makes it fast and easy for return of premium life insurance shoppers to compare prices of several leading insurers all at once
  • Has "life insurance for the confident" come of age?

DARIEN, IL (September 3, 2003) -- Quotesmith.com (NASDAQ: QUOT), the only place on earth where you can obtain instant auto, life and health insurance quotes from over 300 leading companies and have the freedom to buy from any company shown, has today announced the immediate availability of a new "return of premium" term life search engine at its flagship consumer insurance Web site www.insure.com.

New Search Engine Enhances Comparative Shopping and Consumer Education

Continuing on a 19 year tradition of bringing innovative online insurance information services to consumers, Quotesmith.com has brought to market a dedicated search engine to accommodate growing buyer interest in return of premium term life.

Return of premium term life is generally available with initial rate guarantee periods ranging from 15 to 30 years. Return of premium term life is attractive to life insurance buyers because it is simple to understand: If you outlive the initial rate guarantee, you receive all of your paid premiums back as a 100% refund and the insurance ends. If you die during the initial policy period, the entire death benefit is paid to your beneficiary.

Commenting on the new service, Quotesmith.com CEO Robert Bland remarked, "Return of premium now represents a fast growing segment of new life insurance sales at Insure.com. Return of premium term life is priced less than most people might think and can be a very attractive financial proposition for healthy applicants who are confident that they have the health, lifestyle and gene pool to live another 15 years or more."

Household names like AIG, CNA, Fidelity & Guaranty Life and Peoples Benefit Life/AEGON are now offering instant return of premium term life quotes at www.insure.com. Instant quotes are available for residents of every state except New York.

Return of Premium Term Life Has Lots to Offer

Interest in this life insurance policy is no doubt being fueled by the positive fact that Americans are living longer combined with other long-term investment factors to consider such as the uncertain economy, stock market volatility and the low interest rate environment.

The chart below shows some sample quotes on a $500,000 return of premium term life policy for people who are enjoying good health.

$500,000 Return of Premium Term Life Sampler
Monthly Premiums, Guaranteed Level Term Period
Female Premiums   Male Premiums
25 $ 35 $ 33 $ 38   25 $ 39 $ 39 $ 50
30 36 34 42 30 40 40 50
35 37 37 50 35 41 43 66
40 52 52 66 40 58 65 91
45 78 81 98 45 111 112 140
50 109 121 142 50 164 186 245
55 147 174 333 55 243 284 581

About Quotesmith.com

Founded in 1984, Quotesmith.com owns and operates www.insure.com, a popular online consumer insurance information service which caters to self-directed insurance shoppers. Visitors to Insure.com can obtain comparative auto, life & health quotes from more than 300 leading companies and have the freedom to buy insurance from the company of their choice. The Company also provides helpful insurance decision-making tools and calculators and supports an online library of more than 3,000 originally authored insurance articles that are not available from any other single source. Insure.com also provides personalized insurance brokerage and policy placement services for its customers through the use of licensed, in-house agents. Shares of Quotesmith.com trade on the Nasdaq SmallCap Market under the symbol "QUOT."

Notes to Table

Final premiums and coverage availability can vary depending upon age, state availability, height, weight, hazardous activities, personal and family health history. The sample non-tobacco use premiums shown above assume California residency and may include: American General Life, Houston, TX, form ROP2002AG; People's Benefit Life, Cedar Rapids, IA, form *APTL0306; Fidelity & Guaranty Life, Baltimore, MD, form FGL RTRC2; Valley Forge Life, Nashville, TN, form V100-1206-A, V100-1208-P, V100-1207-A, V100-1209-P. Premium rates shown and policy forms may vary by state or not be available at all in certain states. Term life premium rates always escalate after initial rate guarantee period. California and Utah dba Insure.com Insurance Services: CA #0827712, #OA13858; UT #90093.

Cautions about Forward-Looking Statements

This announcement may contain forward-looking statements that involve risks, assumptions and uncertainties pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. This announcement also contains forward-looking statements about events and circumstances that have not yet occurred and may not occur. These forward-looking statements are inherently difficult to predict. Expressions of future goals and similar expressions including, without limitation, "intend," "may," "plans," "will," "believe," "should," "could," "hope," "expects," "expected," "does not currently expect," "anticipates," "predicts," "potential" and "forecast," reflecting something other than historical fact, are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Investors should be aware that actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. Reported Web site activity and/or quotes are not necessarily indicative of any present or future revenue. The Company will not necessarily update the information in this press release if any forward-looking statement later turns out to be inaccurate. Potential risks and uncertainties include, among others, declines in the life insurance industry, level of acceptance of purchasing insurance over the Internet by consumers, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, consumer trends, competition, risks of system interruption, the evolving nature of its business model, the increasingly competitive online commerce environment, dependence on continuing growth of online commerce, risks associated with capacity constraints and the management of growth as well as the risks associated with potential terrorism threats and the war in Iraq. More information about potential factors that could affect the Company's financial results are included in the Company's Annual Report on Form 10-K for the year ended December 31, 2002 and the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2003, both of which are on file with the United States Securities and Exchange Commission. Quotesmith.com, insure.com, LTCompare and QuotesmithPro are service marks of Quotesmith.com, Inc. All other names are trademarks of their respective owners. Copyright 2003. All rights reserved. Quotesmith.com, Inc.

SOURCE Quotesmith.com, Inc.


CONTACT: Phillip A. Perillo, CFO, (630)515-0170, ext. 295,phil@quotesmith.com

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