AnnuityNetAdvisor.com 2nd Anniversary Report -- A Success Story in Dollars and Sense.

Business & High Tech Editors

LEESBURG, Va.--(BUSINESS WIRE)--Aug. 1, 2002

With Assets and Usage on Rise, Financial Advisors Say Online Resource

for Annuities Adds Value, Saves Time, Benefits Clients

Independent financial advisors appreciate the convenience and efficiency of online access to an annuity product marketplace for their customers and clients and are supporting the technology in increasing numbers, according to officials from AnnuityNetAdvisor.com.

The Internet service for advisors celebrated its second birthday in July 2002 with important measures of business success including numbers of advisors using the platform, assets under management and dollar volume of annuity transactions. Thus showing significant advances over the year before.

AnnuityNetAdvisor (www.AnnuityNetAdvisor.com) is a professional resource that is available free to all financial advisors who offer annuity products for their clients' portfolios. The Web-based platform offers a broad mix of variable annuity options from the largest carriers in the business, with products specially tailored for streamlined online applications and efficient post-sale servicing. The range of investment alternatives is extremely wide as well, with a total of 121 subaccount fund choices across the range of variable and immediate annuity products.

"When we started AnnuityNetAdvisor.com in the summer of 2000 our goal was to create a resource for annuity product sales and service that financial advisors could put to use within minutes of registering on the platform," said Steve Dunlap, Chief Marketing Officer. "We did away with cumbersome signup procedures and steep learning curves, and relied on strong products and an intuitive wizard-assisted process designed for financial services professionals, not computer experts. But the proof of the system is how extraordinarily well it has been received by the advisor community."

Online technology for selling and servicing annuity products is clearly taking hold with financial advisors, Dunlap notes. In celebrating its second anniversary, AnnuityNetAdvisor.com can point to a number of important milestones, including:

- In the past year, assets under management skyrocketed, growing 25 fold (2500%).

- The number of advisors registered on AnnuityNetAdvisor more than doubled; while the number of advisors purchasing annuity contracts for their clients grew at an even faster rate.

- The dollar amount of transactions moving through the Advisor online platform currently averages more than $250 million per week; this includes purchases, fund transfers, and other transactions.

- The number of different investment options offered continues to expand. During the past year some 26 subaccount fund options have been added to products available on the site.

In addition, AnnuityNetAdvisor has established a number of important new relationships during the past year, including offering AnnuityNet account data to financial advisors using DST's FANMail(R), and an arrangement with Commonwealth Equity Services to provide access to ANA.com products and technology for its 750 associated reps.

"Our firm has been using AnnuityNetAdvisor.com for several years because they put the right tools and products in the hands of financial advisors, and follow that up with top-notch customer service," said Todd Butterfield, founder and principal of Butterfield Capital Advisors in Payson, Ill. "The investment flexibility offered by AnnuityNetAdvisor's large array of subaccount options is a prime reason why financial advisors find AnnuityNetAdvisor.com an indispensable tool for managing their clients' retirement investment programs."

As ANA.com enters its third year of business, AnnuityNet expects to see its usage by the financial advisor community grow at an even faster rate.

"We're convinced that the tremendous success that AnnuityNetAdvisor.com has experienced during its first two years is only the beginning," said Todd Schoenberger, Senior Director of AnnuityNetAdvisor. "Advisors tell us that our unique mix of products and service is a terrific addition to their resource kit, while their clients appreciate the convenience of being able to check their accounts directly. Stay tuned! We have a number of great new annuity products we're adding to the site in the coming year that will give advisors even more resources and more choices to help them serve their clients."

About AnnuityNet, Inc.

WWW.AnnuityNetAdvisor.com was developed by AnnuityNet, a Leesburg, VA-based software technology company. AnnuityNet pioneered the Web-based approach to powering annuity eCommerce transactions with an Internet platform that connects all industry constituencies - carriers and manufacturers, distributors and point of sale representatives, and customers - into a seamless, secure and information-rich process. After becoming the first company in the world to engineer paperless annuities on the Web, AnnuityNet designed and developed technology solutions for financial services institutions that are transforming the way the industry sells and services annuities. AnnuityNet's Web technology currently processes more than $1.5 billion per month in annuity transactions over the Internet. AnnuityNet was founded in 1997 by well-known actuary and entrepreneur Shane Chalke, and is owned by a blue-ribbon consortium of financial industry organizations including GE Equity, Lincoln Financial Group, Conning Capital Partners, FBR Financial Partners, Sun Life Financial, Phoenix Life, Ohio National Financial and Bank One. The company's Web site address is www.annuitynet.com.

Securities offered through AnnuityNet Insurance Agency, Inc., a broker-dealer.

CRN 200207-AN268