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William Russell Launches Enhanced Life Insurance and Income Protection Plans for Expats

LONDON (Business Wire EON) April 22, 2008 -- Under the new plans expats will be able to include commissions and regular bonus payments when calculating their income for the payment of benefits. William Russell's GlobalIncomeProtection plan now also includes a rehabilitation benefit to allow expatriates to return to part-time work and continue to receive partial benefit payments for up to six months until they are fit enough to return to full time work.

William Russell is one of only a few insurance providers to offer specialist life and income protection insurance plans to expatriate customers. GlobalLife is available from $27 per month and GlobalIncomeProtection from $27 per month. The plans can be accessed online at www.william-russell.com.

Inez Cooper, Managing Director, William Russell says:

"Choosing to live and work abroad provides expats with tremendously rewarding career and lifestyle opportunities, but they also need to make sure that they have the right insurance to financially protect their income and the security of their families in the event of illness, injury or even death.

"Most life insurance and income protection plans are simply not designed for expat living. This is why we have launched our GlobalLife and GlobalIncomeProtection plans to provide expatriates with the level of flexibility and international cover they need to protect their standard of living. We provide cover around the world and have international offices in the UK and Malaysia to respond to claims and enquiries across time zones.

"We've added two important new benefits for 2008 and held our prices for the third year running. Many expats earn part of their salary as commission payments and regular bonuses which can now be included when we assess customer's pre-disability salary. This means that their benefits now more fully replace their take home pay. In the past expats would also lose their benefits as soon as they returned to work - which made it difficult to ease their way back into employment when they began to feel better. We've now addressed this by allowing expats to claim a six month rehab benefit if they recover sufficiently to return to work part time within the first 24 months of claiming benefit."

Notes to editors

Launched in 1992 as family-run company William Russell is a specialist provider of insurance plans for expatriates of all nationalities. Its clients include individuals, families and companies in more than 190 countries world-wide. It offers a range of top quality health plans with affordable premiums and the highest standards of customer care. It is one of only a few insurance providers to offer specialist life and income protection insurance plans to expatriate customers.

-- GlobalHealth: William Russell's Essential and Elite health insurance plans offer a range of health care benefits for all budgets.

-- GlobalLife: Life insurance for individuals and families with optional accident benefit.

-- GlobalIncome Protection: Provides a regular income to individuals unable to work through illness or injury.

William Russell administers its plans and pays claims from offices in the United Kingdom and Malaysia. Its plans are underwritten by Hauteville Insurance Company Limited, a wholly owned subsidiary of AGF, one of France's leading insurance companies and part of the Allianz Insurance Group, which has an AA- Standard & Poor's rating

Awards:

-- "Best International Private Health Group" International Investment Awards 2007.

-- Highly commended "Best International PMI provider" Health Insurance Awards 2007.

-- Highly commended "Best International PMI provider" Health Insurance Awards 2006.

-- "Best Commitment To Service" International Investment Awards 2006

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