American General is one of the premier distributors of employer-sponsored insurance solutions through the work site, providing a comprehensive and flexible portfolio of expertly managed products and services. It distributes insurance products to employees at their work site through brokers, general agents and consultants -- as well as through affinity groups and financial institution customers. This arrangement will position American General to leverage the platform, used by 150 of the top 200 brokers and consultants connected on BenefitPoint, for managing online workflows between carriers, brokers, employers and employees.

"This new partnership will enable American General to supplement aggressive growth plans with the brokerage/consulting partners utilizing the BenefitPoint platform," said William Leary, senior vice president, American General. "By partnering with BenefitPoint, American General will be able to electronically respond to RFPs and renewals, to utilize the BenefitPoint application to improve sales, and to cross-sell its extensive product portfolio."

"American General looks forward to utilizing this relationship," Leary added, "as a means to align our workflow and online communication tools with those being adopted by many of our most important brokerage customers. We feel the efficiencies from this partnership will enable us to write and retain a higher percentage of business with our BenefitPoint connected broker/consultant partners."

"Clearly BenefitPoint is very excited about the relationship with American General," said John T. Scatterday, vice president of sales for BenefitPoint. "In many respects, the support generated by this industry leader demonstrates its belief in BenefitPoint's technology as a means to drive efficiencies in what is still a paper-based industry. Through the BenefitPoint platform, American General will maximize the power and speed of the Internet to deliver high quality products and services in real time."

About American General
American General Financial Group companies offer a broad spectrum of life insurance and annuity products to serve the financial and estate planning needs of its customers throughout the United States. These products are distributed through an expansive distribution network of independent producers, brokerage agencies, broker-dealers, financial institutions, career agents, credit institutions, employers and associations. Group insurance coverages are underwritten by The United States Life Insurance Company in the City of New York and American General Assurance Company, headquartered in Neptune, New Jersey.

American General Financial Group is a member of American International Group, Inc., (AIG). AIG is the leading U.S.-based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial, personal and life insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management and retirement savings products. American International Group, Inc.'s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

About BenefitPoint, Inc.
BenefitPoint delivers the leading Internet-based employee benefits infrastructure for the distribution and management of group insurance products. As the central nervous system of the employee benefits industry, BenefitPoint provides a complete set of industry services enabling benefits professionals to manage the entire group health insurance and benefits lifecycle. BenefitPoint provides: client management, eProcurement, online benefits communications, enrollment and administration tools, employee benefit and worksite products and analytics and data mining.

Building on the existing industry relationships among carriers, brokers, employers, and employees, the BenefitPoint solution combines the efficiency of the Internet with the established distribution model of the insurance industry to eliminate paper, to make it possible to deliver more products and services, and to make better information available.

Since general availability in February 2000, the BenefitPoint platform has received widespread industry adoption from over 30 regional and national insurance carriers as well as over 160 of the leading U.S.-based brokerage and consulting firms. BenefitPoint is headquartered in San Francisco, CA and may be reached at 415.277.5600 or at www.benefitpoint.com. BenefitPoint, Inc. is privately held.