eHealthInsurance and Countrywide Insurance Services Form Alliance to Offer Health Insurance for First Time on www.cwinsurance.com

Agreement Expands Countrywide’s Premier Insurance Marketplace

SUNNYVALE, Calif., July 23, 2001 – eHealthInsurance, the nation’s leading online source for individual, family and small business health insurance, has entered into an agreement with Countrywide Insurance Services (CIS), Inc., a subsidiary of Countrywide Credit Industries, Inc., [NYSE: CCR]. This alliance will allow Countrywide Insurance Services to offer customers a dynamic health insurance marketplace through www.cwinsurance.com for the first time. The agreement coincides with the Countrywide Insurance Services mission to offer highly valued products to customers and visitors to the Web site.

Using eHealthInsurance’s free service, consumers are now able to access, evaluate and compare a broad selection of health insurance plans through www.cwinsurance.com. Customers can receive instant quotes from the nation’s leading health insurance companies, and apply online for plans that best fit their needs, as well as access licensed health insurance professionals via phone or e-mail to answer questions. eHealthInsurance offers more than 7,000 health insurance plans from 70 of the leading health insurance companies nationwide.

“We are very pleased to have the opportunity to work with Countrywide, one of the nation’s leading insurance and financial services companies, to offer the richest selection of health insurance plans available,” said Gary Lauer, CEO of eHealthInsurance. “As Countrywide continues to expand its offering of online financial services, we are excited to help consumers include health insurance as an important part of their financial portfolio. This also fulfills our mission of getting the right health insurance in the hands of more Americans each day.”

“We selected eHealthInsurance because of its ability to provide a broad array of health insurance options along with superior customer service,” said Steve Phillips, president, Countrywide Insurance Services. “Moreover, we share a deep commitment to help consumers think of health insurance as part of their complete financial needs.”

About eHealthInsurance

Founded in 1997, eHealthInsurance (www.ehealthinsurance.com) markets individual, family and small business health insurance and was responsible for the nation’s first Internet-based sale of a health insurance policy. The company has become the No. 1 destination for purchasing health insurance online by offering the broadest selection of health insurance companies and plans nationwide at the best available prices, and delivering unparalleled customer service through qualified customer service professionals.

eHealthInsurance is funded by The Sprout Group (Credit Suisse First Boston), Kleiner Perkins Caufield & Byers, Goldman Sachs, Lightspeed Venture Partners (formerly Weiss, Peck & Greer Venture Partners), QuestMark Partners and Dell Computer. The management team and board include former or current executives of Aetna, Arthur Andersen, Foundation Health, Healtheon, Hewlett Packard, IBM, MetLife, PacifiCare, Silicon Graphics, United Healthcare, Viewpoint Corporation (formerly MetaCreations) and other leading healthcare and technology companies.

About Countrywide

Countrywide Insurance Services, Inc. is a principal subsidiary of the global, diversified financial services provider Countrywide Credit Industries, Inc. (NYSE: CCR). Founded in 1969, Countrywide Credit Industries provides consumer and business-to-business financial services in domestic and international markets. Consumer businesses include mortgages, insurance and other financial products. Business-to-business activities encompass capital markets, transaction processing and insurance. The company is headquartered in Calabasas, California and has more than 13,000 employees with over 500 offices.

Countrywide Insurance Services, Inc. (CIS), based in Simi Valley, California, is a leading nationwide insurance agency. The company offers a broad spectrum of products and services including, homeowners, condo, home warranty, automobile, term life and disability income insurance. Founded more than 30 years ago Countrywide Insurance Services has been helping individuals and families prepare for the future with insurance products and services that help them protect their lifestyles and preserve their hard-earned assets. Today Countrywide Insurance Services has more than 500,000 policies in force, representing annual premiums in excess of $200 million.

For more information about the insurance products and services offered by Countrywide Insurance Services, consumers can call (800) 262-4240 or visit the web site at www.cwinsurance.com.

Nick Davis

Imagio|JWT for eHealthInsurance

206/625-0252

nickd@imagio.com

Jumana Bauwens

Countrywide Insurance Services, Inc

800/796-8448

pressroom@countrywide.com