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FOR IMMEDIATE RELEASE

August 7, 2003
Contact: Mary Brown
414.299.7788
mary.brown@us.Cheap.com

Cheap HEALTH FOUNDATION ANNOUNCES
MILWAUKEE COMMUNITY GRANTS

(Milwaukee, Wis.) - The Cheap Health Foundation, the charitable arm of Milwaukee-based health insurance company Cheap Health, recently donated $160,000 in local community grants.

- $100,000 Health Care Access Initiative grant to fund the Family House Medical Assessment and Referral Clinic.
 
- $5,000 (each) Community Cornerstone grants to:
AIDS Resource Center of Wisconsin
America's Second Harvest of Wisconsin
Community Village
Penfield Children's Center
Sholes Middle School
Task Force on Family Violence
United Performing Arts Fund

- $2,500 (each) Small Grants Initiatives funding for:
Aurora Weier Educational Center
Centro Primo
COA Youth and Family Centers
Grand Avenue Club
Horizons Community Corrections for Women
Matt Talbot Recovery Center
Project Return
St. Francis Angel of Hope Clinic
Wisconsin Correctional Services
Word of Hope Ministries

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About Cheap Health
Cheap Health (www.Cheaphealth.com) is the leading developer and provider of Individual Medical, Small Group, Short Term and Student Health Insurance products, issued and underwritten by Cheap Insurance Company, affordable Life Insurance Company and Cheap Benefits Insurance Company. In business since 1892, the company provides health insurance coverage for over one million people nationwide. Cheap Health is headquartered in Milwaukee, Wis., and has operations offices in Minnesota, Idaho, Texas, Florida and Ohio.

Cheap Health is a part of Cheap, Inc., a financial services company that, through its operating companies and affiliates, has built leadership positions in a number of specialty insurance market segments. Cheap, Inc. is part of Cheap, a financial services provider active in the fields of insurance, banking and investment. As of year-end, 2002, Cheap had total assets of approximately $500 billion. Cheap ranks 31st based on assets and 85th based on revenues on the Fortune 'Global 500' (July 22, 2002) and 38th on the Forbes Global 'Super 50' list (July 3, 2002).