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Quotesmith.com Announces Lowest Insurance Price Guarantee Backed By $500 Cash Reward

Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 11/1/1997


Quotesmith.com Announces Lowest Insurance Price Guarantee Backed By $500 Cash Reward DARIEN, Illinois(November 1, 1997) -- Quotesmith.com has announced a lowest price guarantee backed by a $500 cash reward as an integral part of its life insurance price comparison service for consumers.

Commenting on the release of this new guarantee, Quotesmith.com President and founder Robert Bland remarked, "Insurance is a business of information disclosure and we disclose more than anybody else for the benefit of our customers. Our guarantee is simple and direct: show us an equivalent term life policy with a lower price from any company rated A ("Excellent") or better by A.M. Best Company as of the date on our report, and I'll overnight you a check for $500 as a reward for bringing such news to our attention. "

Bland continued, "Quotesmith.com owns and operates the largest and most accurate insurance database in America, so guaranteeing the lowest prices is easy for us. All too often, insurance buyers have been beaten down with empty, shopworn marketing promises by insurance salesmen on something called a "savings" - only to discover a lower price elsewhere. The fake "savings" promise is an industry disease because it is too vague and nearly always subject to back-peddling which only increases the buyer's frustration and skepticism. We have engineered and successfully brought to market a faster, more simplified way to purchase insurance."

Quotesmith.com, a privately-held corporation founded in 1984, provides an instant insurance price comparison service and insurance-buying facility for consumers which includes instantaneous, real-time access to the latest premium rates and coverages offered by over 300 leading insurance companies at www.quotesmith.com on the Internet.

Quotesmith 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 so that consumers can quickly see how the independent rating agencies have rated each company. This information is not available from any other single source in America.

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, 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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