CHICAGO, Jan 12, 2004 -- Fort Dearborn Life Insurance Company, a wholly owned subsidiary of Health Care Service Corporation (operating as Blue Cross and Blue Shield of Illinois, Blue Cross and Blue Shield of Texas and Blue Cross and Blue Shield of New Mexico), a Mutual Legal Reserve Company, has acquired Omaha Life Insurance Company from Blue Cross and Blue Shield of Nebraska. Fort Dearborn Life is part of the Preferred Financial Group which is comprised of Medical Life Insurance Company (Ohio), Colorado Bankers Life Insurance Company (Colorado) and Fort Dearborn Life Insurance Company (Illinois).

Brad Gary, Vice President and CMO of Fort Dearborn Life stated, "I am enthusiastic about this endeavor with Blue Cross and Blue Shield of Nebraska. We are confident that Fort Dearborn Life will continue to provide the high quality products and services that the Nebraska insurance community is accustomed to receiving from Omaha Life. This agreement reaffirms our commitment to our Blue Cross and Blue Shield affiliates who have been an integral part of our success and overall growth strategy."

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