Hooper Holmes Introduces New Life Application Processing Platform For Brokers And Financial Advisors

Hooper Holmes (NYSE Amex:HH) today announced the availability of the Life Application Processing Platform sm, a new service designed to help mid-sized brokers and financial advisors sell more life insurance. The platform will be on display at the Company’s exhibition at the Association of Home Office Underwriters conference beginning Sunday, April 29, 2012 at the Loew’s Royal Pacific Resort in Orlando, Florida.

The Hooper Holmes Life Application Processing Platform was developed in partnership with industry-leading IT providers and is designed to complete applications for multiple life insurance companies. With a single click, producers submit a short form online and Hooper Holmes takes care of the rest.

“The life insurance application process is time consuming, hands on and detail oriented, and it takes time away from selling. Hooper Holmes has condensed this complex business process into a simple, 'one click' service to help financial advisors and mid-sized brokers write more business,” said Dan L. Dodson, Senior Vice President for Life Insurance.

“Our platform provides complete case management,” said Mr. Dodson. “We take on all the forms, scheduling and information gathering. We follow up with applicants. We collect all the health information, schedule the exam services, and do a complete quality assurance review before the application goes to underwriting. And we transmit the data to the carrier in record time.”

This new platform leverages the full breadth of Hooper Holmes' service capabilities including Hooper Holmes' call centers, technology platforms, paramedical examiner network, and underwriting expertise. By accessing iPipeline's Velocity Platform, Hooper Holmes' call center specialists will process applications using the iGO™ e-App solution.

“According to LIMRA, 30 percent of U.S. Households have no life insurance coverage. Our new Life Application Processing Platform has been designed to make it easier for financial analysts, estate planners and traditional producers to fill these gaps,” said Mr. Dodson.

“This platform is another example of our ability to creatively leverage the strengths of our services portfolio in response to marketplace needs,” Mr. Dodson continued. “It's part of our transformation as a provider of technology-enabled business process services. We are committed to developing more open, innovative solutions with our customers and our industry and technology partners.”

About Hooper Holmes

Hooper Holmes is a leader in collecting personal health data and transforming it into useful information, enabling customers to take actions that manage or reduce their risks and expenses. With presence in hundreds of markets and a network of thousands of examiners, Hooper Holmes can arrange a medical exam anywhere in the U.S. and deliver the results to its customers.

Hooper Holmes has four divisions. Portamedic provides a wide range of medical exam services nationwide. Heritage Labs tests millions of samples annually and helps life insurers improve underwriting performance by better applying the predictive powers of today’s tests. Hooper Holmes Health & Wellness provides a complete service for wellness, disease management, and managed care companies including scheduling support, fulfillment of supplies, blood collection kits, medical screenings, lab testing and data transmission. Hooper Holmes Services reduces the insurance sales cycle through integrated data collection, tele-interviewing and underwriting services.

This press release contains “forward-looking” statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company’s current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, these forward-looking statements are our ability to successfully implement our business strategy; uncertainty as to our working capital requirements over the next 12 to 24 months; our ability to maintain compliance with the financial covenant in our credit facility; our expectations regarding our operating cash flows; and the rate of life insurance application activity. Additional information about these and other factors that could affect the Company’s business is set forth in the Company’s annual report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission on March 9, 2012. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events, except as required by law.

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