Ameritas Life Insurance Corp. and HealthAxis.com Announce Carrier Agreement.LINCOLN Lincoln, city and district, England Lincoln, city (1991 pop. 79,980) and district, Lincolnshire, E England, in the Parts of Kesteven, on the Witham River. , Neb. and NORRISTOWN, Pa.--(BUSINESS WIRE)--Dec. 23, 1998-- Ameritas Life to Offer Portfolio of Life-Based Insurance Products on HealthAxis.com Ameritas Life Insurance Corp., a leading provider of individual life insurance and group dental products, and HealthAxis.com, the e-commerce subsidiary of Provident prov·i·dent adj. 1. Providing for future needs or events. 2. Frugal; economical. [Middle English, from Latin pr American Corporation (Nasdaq: PAMC PAMC Providence Alaska Medical Center ), today announced an agreement to offer Ameritas life insurance products throughout the HealthAxis.com network of Web sites. Customers will be able to purchase Ameritas term life insurance products throughout the HealthAxis.com network of sites and through HealthAxis.com's exclusive distribution partners, which include AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. and AOL.COM, Lycos, CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. and Snap!. Under the agreement, Ameritas will pay HealthAxis.com certain base commissions as well as marketing-related fees based upon premium sales. In addition, Ameritas will provide claims processing and customer service for the joint customers of HealthAxis.com and Ameritas Life Insurance Corporation. "The Internet has opened up a new world of possibilities for the sale of insurance to individuals and small groups," said Robert W. Bush, Executive Vice President of Ameritas Life. "We are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to sign on to become the anchor tenant provider of term life insurance on the HealthAxis.com network of Web sites. We are committed to providing consumers with easy access to the information, products and services they need to help them make important insurance decisions." Michael Ashker, President and Chief Executive Officer of HealthAxis.com said: "The addition of Ameritas Life Insurance Corporation to the HealthAxis.com network is a truly exciting development in the sale of insurance online. Now, in addition to our selection of health insurance products online, we will be able to provide our customers with term life insurance from one of the most trusted names in the business." Through its highly interactive, user-friendly, one-stop health care and life insurance Web site, HealthAxis.com also provides product and health information, instant price quotes, electronic application processing, online billing, claims status, policy or personal information changes, and a customer hotline. Policy holders can easily and conveniently view billing information, claims history and policy details - day and night, 7 days a week. Ameritas Life Insurance Corporation Ameritas Life Insurance Corp. and its subsidiaries and affiliates specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in variable life, fixed and variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. , group dental, low load insurance products, and 401(k) and other investment products. Assets totaled $3.7 billion as of September 30, 1998. HealthAxis.com HealthAxis.com, a subsidiary of Provident American Corporation, is a pioneer in the Internet distribution of health insurance to the individual and small group markets. Through its interactive, user-friendly Web site, http://www.healthaxis.com, HealthAxis.com provides customers with access to and the ability to purchase a full range of high quality, flexible insurance products and services at very competitive prices. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Certain statements made by the Companies which are not historical facts may be considered forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , including, without limitation, statements as to trends, management's beliefs, expectations and opinions, which are based upon a number of assumptions concerning future conditions that ultimately may prove to be inaccurate. Such forward-looking statements are subject to risks and uncertainties and may be affected by various factors which may cause actual results to differ materially from those in the forward-looking statements. For further information which could cause actual results to differ from the Companies' expectations as well as other factors which could affect the Companies' financial statements, please refer to the Companies' reports filed with the Securities and Exchange Commission. |
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