Contact:

Suzy Tuck
Vice President of Sales
PaperClip Incorporated.
Suzy Tuck
800-929-3503 x110

   

Zurich Life Partners with PaperClip To Electronically Receive Scanned Pre-Applications

Schaumburg, IL, May 14, 2003—Zurich Life today announced its newest process to allow distribution partners to seamlessly connect with the carrier. Zurich Life GAs who use PaperClip Incorporated to scan pre-applications can now submit them electronically to Zurich Life. After scanning, the GA selects a Zurich Life code and--with a click--the pre-app will download at home office, eliminating the extra step of faxing that was formerly necessary.

“Zurich Life is always looking for ways to improve processes and provide better connectivity to our distribution partners,” said Michael Sladek, Senior Marketing Director of Zurich Life. “We are glad to be one of the growing number of carriers that recognizes the value of a partner like PaperClip in providing that connectivity.”

“PaperClip is very excited to help Zurich Life in streamlining their business process,” said Suzy Tuck, Vice President of Sales of PaperClip Incorporated. “By using the PaperClip Document Delivery Services, the GAs not only gets to enjoy seamless connectivity, but can be assured of the accountability and security of the delivery of their documents while satisfying compliance requirements set forth by the Gramm Leach-Bliley Act and HIPAA Standards for Privacy.”

About Zurich Life

Zurich Life (www.zurichlifeus.com) is a leading provider of financial solutions for individuals and institutions, including variable and fixed annuities for long-term accumulation, low-cost term life insurance, universal life and business-owned life insurance. Zurich Life distributes its products directly to consumers and through a variety of distribution channels, including independent broker/dealers, life insurance agencies, and financial planners. Zurich Life is comprised of Federal Kemper Life Assurance Company, Kemper Investors Life Insurance Company, Zurich Life Insurance Company of America, and Zurich Life Insurance Company of New York—all affiliates of the worldwide Zurich Financial Services Group—and Fidelity Life Association, a Mutual Legal Reserve Company. The Zurich Life insurance companies have more than $22 billion in combined assets under management and more than $292 billion of life insurance in force as of December 31, 2002.

About PaperClip Incorporated.

PaperClip Incorporated develops and markets software products that organize, manage and communicate documents, images and workflow for a wide range of users. Established in 1991, PaperClip has a customer base that includes small and mid-size organizations as well as Fortune 1000 multi-nationals. PaperClip markets its products through an international network of authorized PaperClip resellers. For further information, please contact PaperClip at (800) 9293503 or (201) 329-6300, or visit www.PaperClip.com. Public Symbol: PCLP.

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PaperClip and PaperClip32 are registered trademarks of PaperClip Incorporated. All other named products mentioned in this release may have been identified by trademarks or registered trademarks of their respective holder.