Kanetix in the news

Media coverage and press releases

TORONTO, April 4, 2000 - Canadians can now get online quotes for a 10-year term life insurance policy from 12 of Canada's top insurance providers at one website in less than five minutes. Today Kanetix®, Canada's only online insurance marketplace, announced the addition of a life insurance quote-comparison service to its website.

"In one simple step consumers can now obtain life insurance quotes from some of Canada's top insurers," said Gregory Ellis, Co-founder, Kanetix. "At Kanetix, you can learn about life insurance, compare a range of quotes and make an informed choice, all in one place and without any sales pressure."

One of the companies on the site offers consumers the ability to apply for life insurance online and provides an immediate assessment on their eligibility for coverage.

"Term 10 life insurance is one of the most popular insurance products in Canada and best lends itself to Internet quoting because of its simplicity," said Ellis. "There are only a few questions needed to generate a quote."

Term life insurance policies amount to 60 per cent of the life insurance policies sold in Canada as measured by face value, and approximately 75 per cent are 10-year term policies.

According to Ellis, term life insurance is frequently purchased at a significant moment in peoples lives.

"Term life is the most popular type of life policy in Canada because it is easy to understand and is very affordable," said Ellis. "And now at Kanetix consumers can access a wealth of insurance information, faster and simpler than in the past."

About Kanetix
Incorporated in October 1999, Kanetix is Canada's first and only full-service, online insurance marketplace. Consumers can quickly access insurance information and compare auto, life and property insurance quotes online from a variety of Canada's leading providers. The Kanetix online marketplace allows access to insurance coverage in a simple, easy-to-understand process and is accessible 24 hours a day, 7 days a week.

For more information, please contact:

Gregory Ellis
Kanetix Co-founder
(416) 599-9779 ext. 201

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