News Releases

Baltimore Life Names Richards Sales Manager

For Immediate Release

OWINGS MILLS, MD, MARCH 14, 2006—The Baltimore Life Insurance Company announced today that Paul E. Richards has been named sales manager in the company’s Cumberland Valley agency. Richards brings more than eight years of managerial experience in the financial services industry to his new position. Prior to joining Baltimore Life, Richards worked for Cornerstone Financial (Ameritas-Acacia), where he was a sales manager and registered principal.

Richards is a graduate of Penn State University. He holds Series 6, 63, and 26 NASD securities licenses in addition to life, health and accident insurance licenses.

He volunteers as a radio reader for the Tri-County Association for the Blind and does disaster relief work with Lend-A-Hand. Paul lives in Hershey with his wife Carla and two children, Annika and Owen.

“Paul brings a track record of success to Baltimore Life,” said Damian A. Salvi, vice president of Baltimore Life’s Team Advantage sales division. “Our Cumberland Valley Agency is in a growth mode, and Paul will play a key role in that growth. We are thrilled that he has joined Baltimore Life’s agency management team.”

About Baltimore Life

Established in 1882, The Baltimore Life Insurance Company has served six generations of policyholders. By building and preserving high quality assets, Baltimore Life has upheld its commitments to policyholders through the years.

Baltimore Life is licensed in 48 states and the District of Columbia. For additional information, please visit www.baltlife.com or call 1.800.628.5433.

###