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HealthMarkets Agency Marketing Group Benefits Special Olympics Texas

North Richland Hills, Texas – September 11, 2007 – HealthMarkets Agency Marketing Group (http://www.healthmarkets.com) announced its final tally for a fundraising effort to benefit the Special Olympics: $125,000. A check for that amount went to the Special Olympics Texas, Greater Fort Worth Area 11 (http://www.specialolympicstexas.org). The check was presented on Saturday, September 8, at the Yucatan Beach Club, in Coppell, Texas, at the conclusion of the Agency Marketing Group’s sand volleyball tournament celebrating the fundraising effort, which drew from agents, divisions, regions and business partners.

HealthMarkets is a leading provider of affordable health and life insurance to the self-employed, individuals and small businesses through its subsidiaries, The MEGA Life and Health Insurance Company, Mid-West National Life Insurance Company of Tennessee and The Chesapeake Life Insurance Company.

“We like to combine fundraising with team building events for our organization. Volleyball is fun to play and fun to watch so everyone can be involved,” said Troy McQuagge, President of HealthMarkets Agency Marketing Group. “Our organization strongly believes in helping others and giving back to our communities.”

Agency Marketing Group has supported various charitable groups over the years, but this is the first year to support the Special Olympics. “We have people within our organization whose children and grandchildren participate in Special Olympics events,” Mark Hauptman, Executive Vice President of HealthMarkets Agency Marketing Group. “We believe in the organization and the many benefits it brings, and we are pleased to contribute to its success.”

“Special Olympics Texas is amazed by the dedication and commitment of HealthMarkets. The company raised such a tremendous amount of money to support our athletes and to allow us to bring even more athletes into the program,” said Margaret Larsen, President and CEO of Special Olympics Texas. “The money raised will help positively impact the lives of children and adults with intellectual disabilities.”

Susie McAlister, Development Director for Special Olympics Texas Area 11, as well as other local Special Olympics Texas coaches, were present for the presentation from HealthMarkets Agency Marketing Group.

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About HealthMarkets

HealthMarkets, headquartered in North Richland Hills, Texas, is a provider of health and life insurance products to individuals, families, the self-employed, Medicare beneficiaries and small businesses. HealthMarkets offers products and services through its licensed insurance subsidiaries The MEGA Life and Health Insurance Company, Mid-West National Life Insurance Company of Tennessee and The Chesapeake Life Insurance Company. The Company’s offerings include individual and self-employed health insurance, small employer group health insurance, life insurance and reinsurance. Through its Consumer Guided Health Insurance plans, HealthMarkets seeks to provide affordable and accessible health coverage to individuals and small businesses. The Company is owned by a group of private equity investors, including affiliates of The Blackstone Group, Goldman Sachs Capital Partners and DLJ Merchant Banking Partners, members of management and the Company’s independent, licensed agents through the Company’s agent stock accumulation plans. For more information, visit http://www.healthmarkets.com.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:

Some of the matters discussed in this news release may contain forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements are intended to be identified in this document by the words "anticipate," "believe," "estimate," "expect," "intend," "objective," "plan," "possible," "potential" and similar expressions. Actual results may vary materially from those included in the forward-looking statements. Factors that could cause actual results to differ materially from those included in the forward-looking statements include, but are not limited to, general economic conditions; the continued ability of the Company to compete for customers and insureds in an industry where many of its competitors may have greater market share and/or greater financial resources; the Company’s ability to accurately estimate medical claims and control costs; changes in government regulation that could increase the costs of compliance or cause the Company to discontinue marketing its products in certain states; the Company’s failure to comply with new or existing government regulations that could subject it to significant fines and penalties and/or result in restrictions on its operations; changes in the relationship between the Company and the membership associations that make available to their members the health insurance and other insurance products issued by the Company’s insurance subsidiaries; changes in the laws and regulations governing so-called “association group” insurance (particularly changes that would subject the issuance of policies to prior premium rate approval and/or require the issuance of policies on a “guaranteed issue” basis); significant liabilities and costs associated with litigation; failure of the Company’s information systems to provide timely and accurate information; negative publicity regarding the Company’s business practices and/or regarding the health insurance industry in general; the Company’s inability to enter into or maintain satisfactory relationships with networks of hospitals, physicians, dentists, pharmacies and other health care providers; failure of the Company’s regulated insurance company subsidiaries to maintain their current ratings by A.M. Best Company, Fitch and/or Standard & Poor’s; and the other risk factors set forth in the reports filed by the Company from time to time with the Securities and Exchange Commission.

Media Contacts:

Donna Ledbetter
HealthMarkets Corporate Communications
(817) 255-5405
Donna.Ledbetter@healthmarkets.com
www.HealthMarkets.com

Karen Mellen
For HealthMarkets
(312) 596-3487
Karen.Mellen@bm.com