(EMAILWIRE.COM, July 16, 2003 ) Glenview, IL -- Guarantee Trust Life Insurance Company, Glenview, IL, today announced the life insurance industry’s first use of new technology that enables insurance applicants to attach their cursive signatures to online insurance forms. The patent-pending technology, CursiveOnLine (COL) was developed by Virtual Insurance
Technologies, Inc., (VIT) Gainesville, FL.

GTL is a leading provider of simplified-issue life insurance and term life insurance with a critical-care benefit. VIT has built a strong presence in the life insurance industry through its Virtual Insurance Sales System, a turn-key agent-based online life insurance sales platform.

The collection of original cursive signatures has long impeded the growth of online sales of life insurance. COL technology enables the insurance applicant to sign their name to any online form, using the computer mouse as the writing instrument. GTL is the first life insurance carrier to adopt this technology.

Guarantee Trust Life’s insurance forms will be available online via VIT’s FillableForms technology.

According to Monty Edson, Senior Vice President of GTL, “The use of FillableForms and CursiveOnLine gives Guarantee Trust Life a clear and important competitive advantage in the exploding market of online life insurance sales. By allowing the applicant to complete and sign the application forms online, all paper is eliminated, along with the costs and inefficiencies associated with paper transactions. We see this as the ‘last mile of cable’ to close the loop on making the Internet a bona fide distribution channel for life insurance. We are excited to be the first insurance company to adopt this technology.”

Thomas Lane of VIT said, “Usage of the Internet for the sale of regulated products like life insurance is inevitable. The problem up to now has been in adapting the Web to insurance carrier protocol, especially in the area of original signatures. Most carriers are unwilling to accept an alpha-numeric; they want a real signature. CursiveOnLine gives
them the ability to gather real signatures online.”

Guarantee Trust Life sells insurance in all states except New York. For more information, contact Monty Edson 847-699-0600.

For further information about VIT, contact Thomas Lane, 877-587-8376.

Contact:
Virtual Insurance Technologies, Inc.
Thomas Lane
3601 SW 2nd Avenue Suite M
Gainesville, FL 32607
tlane@virtualinsurance.net

Contact Information:
Virtual Insurance Technologies, Inc.
Joseph Nchor
Tel:
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