Pan-American Life Insurance Group Announces Completion of Acquisition of USNow

NEW ORLEANS, July 14 /PRNewswire/ -- Pan-American Life Insurance Group
announced today that it had completed the acquisition of USNow, a nationally
recognized leader in the administration and management of limited medical
plans.

Since 2006, USNow has been representing Pan-American Life's worksite product
line in the United States, and Pan-American Life previously held a 20 percent
ownership stake in the company. USNow had achieved recognition in the
insurance industry as the company that pioneered the concept of managed
limited medical benefits, providing underinsured/uninsured individuals and
corporate employees with access to affordable group healthcare.

According to John Foley, Senior Vice President - Domestic Markets for
Pan-American Life Insurance Group, the transaction reinforces the Group's
commitment to investing in the growth of the company's Domestic Worksite
business.

"Making USNow a part of Pan-American Life is of great strategic importance to
our business as we expand our distribution in the United States, strengthen
our commitment to the US Hispanic market, and continue to identify new sources
of revenue growth," said Foley.

USNow operations will remain based in Dallas, TX, under the leadership of Mr.
Foley.

About Pan-American Life Insurance Group

The Pan-American Life Insurance Group is a leading provider of insurance and
financial services serving nearly half a million customers throughout the
Americas. New Orleans-based Pan-American Life Insurance Company, the Group's
flagship insurance company member, has been in business since 1911, employing
more than 700 worldwide, providing top-rated life and health insurance,
worksite benefits and financial services in 47 states, the District of
Columbia (DC) and Puerto Rico. Its international operations, offering
individual and group life and health insurance throughout Latin America,
includes affiliates in Panama, Guatemala, Cayman Islands and Colombia, and
branch offices in Ecuador, El Salvador and Honduras. For more information,
visit the Pan-American Life Web site at www.panamericanlife.com.

SOURCE Pan-American Life Insurance Group

Marta Reeves of Pan-American Life Insurance Company, +1-504-566-3112,
MReeves@panamericanlife.com; or Stephanie Goldman of Fleishman-Hillard,
+1-305-520-9024, Stephanie.Goldman@fleishman.com, for Pan-American Life
Insurance Company