Colorado Bankers Life Insurance Company (CBL) is one of the nation's most committed providers of life insurance and financial products. CBL specializes in voluntary benefits through Payroll Deduction, Federal and Military Allotments, State and Local Government payroll systems and individual bank draft billing. CBL is a direct subsidiary of Preferred Financial Corporation (PFC). PFC also owns Industry Savings Plans, Inc. (ISP), a NASD registered broker/dealer. Together, CBL and ISP nationally market and service life and disability insurance, retirement annuities and mutual fund products.

CBL distributes their products through two main distribution channels. The primary segment is made up of a network of Worksite Marketing and Government Allotment Producers that specialize in the installation of voluntary benefit products at the workplace. While the second segment, is made up of a National Brokerage network of individual life/health agents that specialize in individual sales. CBL is licensed in 48 states (excluding New York and Vermont) and the District of Columbia.

Since its founding in 1974, CBL has worked with thousands of American business owners to offer reliable payroll deduction programs that give employees a convenient and affordable way to protect themselves and their families - without cost or obligation to their employers. Voluntary insurance benefit programs have been, and continue to be, Colorado Bankers Life's specialty. With a unique understanding of the costs and complexities associated with employee benefit programs, CBL succeeds in simplifying the process for both the employer and the employee.

Colorado Bankers Life is one of three life insurance and financial service companies that are direct or indirect subsidiaries of Health Care Service Corporation (HCSC), a Mutual Legal Reserve Company. HCSC is one of the nation's premier health insurance carriers which insures 7.5 million Americans. These three companies form the Preferred Financial Group (PFG) and also include Fort Dearborn Life Insurance Company in Illinois and Medical Life Insurance Company in Ohio. Together, the PFG companies rank as the 11th* largest carrier based on Group Life In-Force and as the 17th* largest carrier based on Group Life Premiums.

*Based on a compilation of Fort Dearborn Life's and Medical Life's 2002 results as shown in the National Underwriter's Life Health/Financial Services Edition, August 18, 2003.