U.S. Update News

April 2004

COMPULIFE Software, Inc.

We plan to post the May 2004 Internet monthly update to our five monthly update web sites on April 28th.

The May 2004 disk update will be processed Wednesday, April 28th and Thursday, April 29th.

Disks will be shipped Thursday, April 29th. You should have the May Update in your office by Monday, May 1st. Unless you have made arrangements to purchase your diskettes, please return your March disks ONLY AFTER you have successfully installed this April 2004 Update. March disks are your backup in case you should have problems installing the April edition.

IMPORTANT NOTE: Subscribers who are receiving disks can save up to $100 per year by switching to updates by Internet. Please read the last part of this bulletin for complete details. Don't wait for your next invoice to make the change. Compulife will bonus your subscription renewal deadline for switching from disks to internet.

Compulife QuickerQuoter

Compulife has completed work on our new product called "QuickerQuoter". This is a "single company" quotation software product targeted directly at life insurance companies for distribution to their agents.

QuickerQuoter is a Compulife-like quote system for a single life insurance company and its products. This new product should be attractive to life insurance companies because it is FREE.

That's FREE as in NO COST.

IMPORTANT: The software is only given to life companies.

Compulife will not distribute this software product to anyone but the life companies. The life company is free to give the progam to anyone that they want to give it to.

No, We Are Not Nuts

While the idea of giving free software to life companies may appear crazy, there is method in our madness.

Compulife only provides this new software to life companies who have been kind enough to assist us with the provision of product, rate and state approval information. If a company is unwilling to help Compulife, QuickerQuoter will not be available to the company.

We hope this will be an added incentive for life companies to help us keep our rates and database up-to-date. That will have obvious benefits for our existing Compulife subscribers.

QuickerQuoter does Quicker Quotes

As Compulife subscribers already know, Compulife produces the fastest quotes in the market. I know it is hard to imagine, but when we are only comparing the products of a single company, from a database that has just that company in it, quotes are lightning fast. You click and it's done.

The QuickerQuoter menu appears as the Compulife menu appears now. Instead of a red background the QuickerQuoter menu is dark green. The "Display Single Product" button has been removed and the "Display Product Comparison" button works differently. After entering a client into the program, clicking the "Display Product Comparison" displays every available product for that company in the comparison format that you are used to seeing. From that comparison the user double clicks on the individual result which will then display that product in a single product window. From there the quote can be printed or e-mailed.

For those who think that the single company comparison feature would be great to have in Compulife, it's been been there for quite some time. You access the feature by picking any individual company from a comparison, going to the "options" at the top of the "Display Single Product" window, and select "compare products for this company". It will give you a good idea of what is available to the life companies who obtain QuickerQuoter.

Simplicity Rules

QuickerQuoter should be popular because it will be faster and easier to use than any other life company quote software in the market. Even installation or updating is a dream. The software comes in its own self-extracting SETUP.EXE file which can be distributed through the internet, on disk, CD, by e-mail, whatever. When the SETUP.EXE file is run a folder for the company is made, the software is installed and an icon placed on the desktop. The installed program and database will be about 3 meg in size. (not 30 meg; 3 meg!)

How Will Compulife Make Money

First, we believe a large number of companies, particularly smaller companies, will be delighted to have free software for their agents. Distribution and use of the free software will mean the Compulife name becomes better known in the market. The more people who know the Compulife name, the better our opportunity to sell comparison software.

Second, we think a number of companies will say, "Heh, we like what you've got but before we distribute this we need changes, additions, enhancements, etc." Compulife is quite happy to customize this software further on a time and materials basis.

We think the custom software market for life insurance illustration software has been over priced and that it is in need of some serious competition. We intend to see that the market gets that competition. What should be appealing to life companies who consider our services is that we will be charging to MODIFY what we have already provided for free, we will not be building from scratch.

"QuickerQuoter" is ready for delivery. If you are a life company and ready to give this new product a try, please call us and we'll be happy to put together a free QuickerQuoter for you.

As a matter of routine, we will build versions of QuickerQuoter for companies who have made the most recent rate changes and who have given copies of their product material to Compulife. Regardless of whether the company distributes QuickerQuoter, we will be providing it to companies as a "pre-release" way for the company to check the rates that we have placed into our system. This will be very helpful in cases where the company has given us rates in advance of the targeted release date and wants to check what we have done.

In the meantime, companies interested in retaining Compulife for custom software work are welcome to contact Bob Barney, at 800-798-3488. I'll direct you to the project consultant and programming staff who are in charge of this new service.

Enhanced Term4Sale Web Site

Last month we added Health Analysis and A.M. Best ratings to the Term4Sale web site. Those new improvements will make term4sale.com an even more popular and useful tool for consumers. We believe that the improvements will make the media pay even more attention to the site.

If you have not yet checked out the new version of the site, please do so. Once you have run a comparison you will notice the new column of A.M. Best ratings. If you click on the rating, further rating information is displayed in a pop-up window, along with a copy of the A.M. Best Guide to ratings. We think this looks very sharp.

A.M. Best Ratings on Your Site

For those Compulife subscribers who are using our Internet Engine through our authorized web providers, we have good news for you. Two of those authorized web providers, Insurance Squared and termlifequotesonline.org, have secured agreements to use the A.M. Best ratings in their on-line comparisons. What that means is that if you have an existing comparison service with either of these providers, A.M. Best ratings can now be added to your site at NO CHARGE. Contact your provider for complete details.

As background, A.M. Best charges an annual fee of $750 for the right to use the A.M. Best ratings with the Compulife internet engine. This means that if you are a subscriber who has purchased the internet engine, and you do not use the engine through one of the above mentioned providers, you will need to obtain your own license agreement from A.M. Best. Only after you provide us with a copy of your license agreement with A.M. Best will we provide you with the version of our engine that gives access to the A.M. Best ratings.

While this may seem unfair to our internet engine purchasers, who can get the A.M. Best ratings for free through the web providers, but must pay $750 to use A.M. Best ratings with their own copy of our internet engine, please do not blame us. These are the current rules as set out by A.M. Best. The ability to obtain ratings at NO CHARGE through authorized web providers was something that the two above mentioned web providers were able to negotiate with A.M. Best. Before those negotiations began the rule was that each individual user would have to pay $750 per year. The work and effort of our web providers has secured a very attractive compromise for the majority of our subscribers.

Health Analyzer Also Available

When you run a term comparison at term4sale.com, and once the comparison is displayed, there is an intriguing new question set out in red in the middle of the screen. It asks:

"Can you qualify for the premiums in this comparison?"

When the consumer clicks to go to the Health Analysis questionnaire, the first thing that pops up is the list of 3 Compulife subscribers. That is combined with a very appropriate message that term4sale is made possible by the good folks (like you) who buy and use Compulife.

It is our belief that giving the agent listing at this point, and crediting our subscribers with making the site possible, will lead to more more exposure for subscribers. We expect a greater percentage of consumers who visit term4sale will now see agent listings.

If you are a Compulife subscriber, and you are not listed at term4sale.com, we strongly recommend that you get listed. All Compulife subscribers are entitled to one free listing.

IMPORTANT: You must request your listing; it is not automatic.

If you are not listed, please call us at 800-798-3488 and get that listing now. While we do not expect anyone to receive a lot of calls from consumers, many who receive calls have expressed their happiness with the quality of the insurance prospect. Many Compulife subscribers have made significant sales as a result of term4sale.

Please try out the new improved site. If you find something that you think is complicated or hard to understand, we would like to hear from you because we want the site to be as consumer friendly as possible.

Health Analysis at Your Web Site

The Health Analysis function will be available to ALL internet engine users at NO CHARGE. During March we shipped the new engine to our four authorized web providers to determine if there were any bugs or problems. It was our intention to wait to see if they could implement the new features and make them work properly with their existing client base.

To this point it appears that none of the authorized web providers have yet implemented the new functions. Therefore, we are going to delay general release until later in April. This actually works well for us because it will give us time to implement the family health history and driving record data into Health Analyzer in both our Windows software and internet engine.

Health Analyzer Improvements

During the month of March, as we were entering the driving record and family health history data into our health analysis datafile, we realized that we could make improvements which would make our health data much easier to update and the data file much more compact. The benefit of this for subscribers is that the program will be a little faster. Therefore, we will be releasing a new HEALTH.DAT file during April that WILL NOT BE COMPATIBLE with older versions of our Windows software or with the current version of the internet engine which has the health analysis built in.

Because of this we will make the data conversion during the middle of April. April's monthly update will still contain the existing GOWIN program and the current generation of the HEALTH.DAT file. When we release the new HEALTH.DAT file in the middle of April, it will have both the new data file structure and the new Windows software program which uses that new data file.

Once again, the new HEALTH.DAT file will not be compatible with health analysis function in the current internet engine and so we will also need to get the new engine shipped at the very same time. The good news is that this latest update will also provide the driving and family health history expansion.

Once our internet web providers have had a chance to check and verify that they are able to implement the new engine and health data file properly, the internet engine will then be ready for shipment to all other subscribers who will want the new Health Analysis feature.

Dueling Web Sites

For those who update by Internet, Compulife has gone to great lengths to provide you with redundancy in our web sites. Our main web site is:

www.compulife.com

However, we keep another completely separate website, on a completely different server, in a completely different country, at:

www.compulife.us     or     www.compulife.cc

Whatever we update to compulife.com, we also update to compulife.us or compulife.cc. If one web site goes down, for whatever reason, the other is ready to serve you. That includes both monthly and mid-month updates.

For those doing monthly updates by Internet, we rely on three other web site to supply monthly updates. These are automatically checked and used by our automatic Internet update software.

Returning Monthly Disk Updates

For those not wanting to return disks there are two ways to eliminate the problem.

1. Switch to obtaining monthly updates by Internet.

Not only will you eliminate the expense and hassle of returning disks, you will save $100 per year in subscription fees.

To switch to Internet monthly updates, go to our web page www.compulife.com and select the last menu choice "Forms, applications, instruction tutorials, etc." Under the section "License Agreements" you will need to select and complete a new License Agreement for the type of license you have. After you have printed the new agreement, please read it, especially the part where you agree that you have successfully downloaded and processed our "mid-month updates". If you haven't done that before, call us and we'll be happy to step you through the procedure. It's easy.

2. Disk Purchase Program

The other way to avoid returning the disks and the disk box each month is to pre-purchase them for $21 per year ($1.75 per month). Once you do that you can keep them for future reference, throw them away or return them for a credit (once each year) when you are invoiced for the following year. $21 costs you less than mailing back disks each month.