Baltimore Life Appoints Three Senior Vice Presidents

For Immediate Release

OWINGS MILLS, MD, FEBRUARY 24, 2010—Baltimore Life’s Board of Directors recently approved three officer-level promotions.

Rick Spencer was appointed Senior Vice President and Chief Financial Officer. Spencer has served as Baltimore Life’s Controller since joining the company in August 2002. Before joining Baltimore Life, he served as Senior Vice President of Finance and Acting CFO of InsLogic Corporation, a private label insurance broker. He also directed the delivery of audit and strategic risk management consulting services in the Washington, DC offices of PricewaterhouseCoopers LLP.

Harold Rojas was appointed Senior Vice President, General Counsel and Secretary. Rojas has served as Baltimore Life’s Vice President, General Counsel and Corporate Secretary for more than four years. In his new role, Rojas has responsibility for the legal and compliance, underwriting and claims functions of the company. Before joining Baltimore Life, Rojas was Assistant Vice President and Assistant General Counsel with Old Mutual Life Insurance Company, and he held various compliance and legal counsel positions with Conseco, Inc., Jackson National Life and Columbian Mutual Life.

Brian Stricker was appointed Senior Vice President, Corporate Development. Stricker will lead all product development, acquisition and alliance-related growth initiatives, and has served as Baltimore Life’s Vice President, Business Development since 2006. Having joined Baltimore Life in 1983 as a pricing actuary, he was elected Vice President and Actuary in 1996, and Vice President, Insurance Services in 1999, where he assumed responsibility for underwriting, claims, new business, customer service and compliance.

“The expertise provided by Harold, Rick and Brian has been instrumental in Baltimore Life’s continuing period of profitable sales growth,” said David K. Ficca, President and CEO of Baltimore Life. “Their experience and dedication will continue to serve us well as we move forward.”

About Baltimore Life

Established in 1882, The Baltimore Life Insurance Company insures individuals, families and businesses, providing financial protection to middle income consumers in 49 states and the District of Columbia.

Baltimore Life conducts business with openness and integrity. We strive to make a positive difference in the lives of our policyholders, associates, and in the communities we serve. Above all, we are committed to a conservative, disciplined financial strategy, recognizing that “it’s the policyholders’ money.”

For more information, please visit www.baltlife.com or call 1.800.628.5433.