Fidelity Life Association announces the passing of George Vlaisavljevich

December 27, 2006, Oak Brook, IL—Fidelity Life Association today announced the death on December 23, 2006, of George Vlaisavljevich, a director of the company and its Senior Vice President and Chief Marketing Officer. Mr. Vlaisavljevich was 63 years old.

“Fidelity Life Association will greatly miss our good friend, George Vlaisavljevich," said Richard A. Hemmings, Fidelity Life Association’s Chairman, President, and Chief Executive Officer. "Until recently, Fidelity Life was a nearly dormant mutual life insurance company operated under a management contract within a group of shareholder-owned insurance companies. George, together with other Fidelity board members, helped to chart a course to restore the independent operation of the Company. In early 2005 George accepted his Chief Marketing Officer position with the Company and remained on the board. George put in place a talented marketing staff who will continue the work he started. His vision, enthusiasm and leadership will inspire his Fidelity Life colleagues for many years to come.”

Mr. Vlaisavljevich was elected to Fidelity Life Association’s Board of Directors in 2001 and joined the company as Senior Vice President and Chief Marketing Officer in February 2005. He was also the Chairman of Fidelity Life’s subsidiary, America Direct. Prior to that, he served as President of Zurich Life Retirement Solutions Group since 1996. Previously, he spent 13 years as a senior officer of The Copeland Companies, a wholly owned subsidiary of the Travelers Insurance Group and began his career with Occidental Life, VALIC and Intangible Marketing Incorporated.

About Fidelity Life Association

Fidelity Life Association was established over a century ago as a fraternal benefit society in the state of Illinois with the mission of providing financial security for the growing middle class of the Midwest and Northern states. Since then, Fidelity Life Association has served many thousands of satisfied customers. Today, Fidelity Life Association has over $22 billion of life insurance in-force, over $554 million in admitted assets, capital and surplus of over $278 million and an A- (Excellent) rating from A.M. Best.