CORRECTING and REPLACING SBLI USA Mutual Life Insurance Company, Inc. Sponsors YAI/National Institute for People with Disabilities' Central Park Challenge; Event Raises.

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Business Editors

CORRECTION...by SBLI USA Mutual Life Insurance Company, Inc.

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NEW YORK--(BUSINESS WIRE)--June 7, 2004

In BW5704 issued June 7, 2004: In the headline, first graph, and caption for the photo, the amount raised by the event should read xxx $800,000 (sted $80,000).

The corrected release follows:

SBLI USA MUTUAL LIFE INSURANCE COMPANY, INC. SPONSORS YAI/NATIONAL INSTITUTE FOR PEOPLE WITH DISABILITIES' CENTRAL PARK CHALLENGE; EVENT RAISES $800,000

For Third Year in a Row, SBLI USA Associates Join Thousands in Fundraising Walk and Family Fun Activities to Support Persons with Disabilities

For the third consecutive year, associates of SBLI USA Mutual Life Insurance Company, Inc. turned out to support the YAI/National Institute for People with Disabilities' Central Park Challenge, held on Saturday, June 5th. The event raised $800,000. As a leading sponsor of the event, SBLI USA's associates and their family members participated in the day's fundraising and family fun events to help build brighter futures for people with disabilities.

"We are extremely proud to be walking and participating once again as a corporate sponsor to help support YAI's excellent programs and services," said SBLI USA President and CEO Vikki L. Pryor. "Like YAI, we too believe that each member of our community is entitled to the same dignity, respect and opportunity as every other member - and we are dedicated to helping everyone achieve their true potential."

Established in 1957, YAI/National Institute for People with Disabilities is an award-winning network of not-for-profit health and human services agencies committed to helping build brighter futures for people of all ages with developmental and learning disabilities and their families. YAI assists over 20,000 individuals daily in 11 counties throughout the New York metropolitan area, in four states, and in Puerto Rico.

"SBLI USA has demonstrated once again that it is a good neighbor and good corporate citizen," said Dr. Philip H. Levy, YAI's President and C.O.O. "We are proud that they share our values of building brighter futures for people with disabilities."

The day's events began at 7:30 a.m. at the Mall near the 72nd Street transverse. The first event was a 5K run at 9:00 a.m., followed by a 3K fundraising walk at 9:45 a.m. A Junior All-American Race for children 12-and-under was also held, and plenty of free refreshments, children's activities and entertainment were provided until 1 p.m.

Celebrities included WABC-TV Anchor Bill Ritter, actor Dominic Chianese from "The Sopranos," actor David Eigenberg from "Sex and the City," Marc Coppola of Q104.3-FM, Zach Leibowitz of ESPN2's "Cold Pizza" and actor Richard Kind.

Other companies joining SBLI USA to raise funds for YAI's more than 400 programs included ABM Engineering, Update Legal, Empire BlueCross BlueShield, Oxford Health Plans, Pfizer Inc, Commerce Bank, Time Warner Cable, WABC-TV, and Hoy.

YAI's services include early intervention and preschool, health care, employment training and placement, family support, residential, and recreation and camping. Additional information about YAI/National Institute for People with Disabilities can be found at www.yai.org

About SBLI USA

SBLI USA Mutual Life Insurance Company, Inc. is a financial services company that is committed to the value-conscious people who make America work. The company is dedicated to building lifelong relationships with customers and empowering them with the education and tools they need to take control of their financial destinies.

SBLI USA and its subsidiaries are licensed in 49 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico. With more than $1.4 billion in assets, $120 million in surplus capital, 250 employees and over 400,000 customers, the company is committed to offering affordable, flexible and easy-to-access products through a variety of integrated channels, including direct mail, telemarketing, the Internet and licensed agents, as it expands nationally.

SBLI USA Mutual Life Insurance Company, Inc. is the parent company to SBLI USA Holdings, Inc., which owns subsidiary companies S.USA Life Insurance Company, Inc., and SBLI USA Diversified Services Company, Inc.

Additional information about SBLI USA products and services can be found at www.sbliusa.com.

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