Fidelity Life Association Becomes A Stock Legal Reserve Life Insurance Company in a Mutual Holding Company Reorganization

OAK BROOK, IL - May 1, 2007 -  Fidelity Life Association today announced it has reorganized as a stock legal reserve life insurance company, with newly formed Members Mutual Holding Company as its ultimate parent.  The reorganization was approved by its member - policyholders and the Illinois Division of Insurance last week.

“This reorganization provides us with more operational flexibility and access to capital,” said Richard Hemmings, Fidelity Life Association’s president and chief executive officer.  “It also provides an easier means for us to affiliate with other mutual insurance companies.  Most importantly, we believe this reorganization provides us more opportunity to create greater critical mass and increased efficiencies, which will allow us to provide our customers with more competitive products.”

First established in 1896 as a fraternal benefit society designed to provide financial security for the growing middle class, the company remains an innovator in product design with a focus on consumer friendly service targeting the needs of Middle Americans. Fidelity Life Association provides the financial strength and security of an A- (Excellent) rating from A.M. Best.

For additional information contact:

Mark Wray, Chief Financial Officer
(630) 522-0392