Employment Agreement - Quotesmith.com Inc. and David I. Vickers


                              EMPLOYMENT AGREEMENT


         Quotesmith.com,  Inc., a Delaware  corporation (the 'Company') and
David I. Vickers  ('Executive') enter into this Employment Agreement (the
'Agreement') effective as of January 10, 2000.

         WHEREAS, Executive has substantial knowledge and expertise in the
financial management of insurance businesses;

         WHEREAS, the Company desires to employ Executive and Executive desires
to be employed by the Company, and each are willing to enter into this Agreement
upon the terms and conditions herein set forth;

         NOW THEREFORE, in consideration of the mutual covenants and agreements
set forth below, and for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Company and Executive hereby
covenant and agree as follows:

         1.       Definitions.  For purposes of this Agreement, the following
capitalized terms shall have the following meanings, and all other capitalized
terms used in this Agreement but not defined in this paragraph 1 shall have the
meanings assigned elsewhere in this Agreement:

         'Base Salary' means $225,000.

         'Cause' means:

                  (i) Executive's conviction of (or plea of no contest or
                  similar plea to) a felony; or

                  (ii) Executive's intentional continuing refusal to
                  substantially perform his obligations and duties under this
                  Agreement (except by reason of incapacity due to illness or
                  accident) if he (a) shall have failed to remedy the alleged
                  breach caused by such conduct within 30 days from the date
                  written notice is given by the Company demanding that he
                  remedy the alleged breach caused by such conduct, or (b) shall
                  have failed to take reasonable steps in good faith to that end
                  during such 30-day period, provided that after the end of such
                  30-day period there shall have been delivered to Executive a
                  certified copy of a resolution of the Board of Directors of
                  the Company, taken at a meeting of the Board of Directors at
                  which Executive, together with his counsel, is given the
                  opportunity to be heard, finding that Executive was guilty of
                  intentionally refusing to substantially perform his
                  obligations and duties under this Agreement and specifying the
                  details thereof, and that Executive has failed to take
                  reasonable steps in good faith to remedy the alleged breach
                  caused by such conduct,

                  (iii) upon a finding that Executive engaged in willful fraud
                  or defalcation, either of which involved funds or other assets
                  of the Company; or


                  (iv) upon Executive's breach of any material term of this
                  Agreement (including, but not limited to, the noncompete and
                  confidentiality provisions in paragraphs 7 and 8).

         'Change in Control' means and shall be deemed to occur:

                  (i) in the event any 'person' (as such term is used in
                  paragraphs 13(d) and 14(d) of the Exchange Act) (other than
                  Robert S. Bland and his affiliates) or more than one such
                  person acting as a group, other than a trustee or other
                  fiduciary holding securities under an employee benefit plan of
                  the Company, is or becomes the 'beneficial owner' (as defined
                  in Rule 13d-3 under the Exchange Act), directly or indirectly,
                  of the securities of the Company, in a transaction or a series
                  of transactions, representing thirty percent (30%) or more of
                  the combined voting power of the Company's then outstanding
                  securities ordinarily having the right to vote for the
                  election of directors of the Company;

                  (ii) during any period of two consecutive years during the
                  Employment Period, individuals who at the beginning of the
                  Employment Period constitute the Board of Directors of the
                  Company cease for any reason to constitute at least a majority
                  thereof, unless the election, or the nomination for election
                  by the Company's stockholders, of each director who was not a
                  director at the beginning of the Employment Period has been
                  approved in advance by directors representing at least
                  two-thirds of the directors then in office who were (A)
                  directors at the beginning of the Employment Period, or (B)
                  previously approved in accordance with this subparagraph (ii);

                  (iii) the Company sells or otherwise disposes of all or
                  substantially all of its assets; and

                  (iv) the Company participates in a merger or consolidation
                  and, immediately following the consummation of such merger or
                  consolidation, the Company's stockholders prior to such merger
                  or consolidation do not own 50% or more of the voting shares
                  of stock of the surviving or successor corporation.

         'Code' means the Internal Revenue Code of 1986, as amended, or any
         successor thereto.

         'Compensation Committee' means the applicable compensation committee of
         the Board of Directors of the Company.

         'Disabled' or 'Disability' means a determination, made at the request
         of Executive or upon the reasonable request of the Company set forth in
         a notice to Executive, by a physician selected by the Company and
         Executive, that Executive is unable to perform his duties as specified
         in this Agreement and in all reasonable medical likelihood such
         inability will


                                      -2-


         continue for a period in excess of 180 days, or for shorter periods
         aggregating to more than 180 days in any consecutive nine-month period.

         'Employment Period' means the term of Executive's employment pursuant
         to the provisions of this Agreement.

         'Exchange Act' means the Securities Exchange Act of 1934, as amended,
         and any successor thereto.

         'Good Reason' means:

                  (i) a decrease in the total  amount of  Executive's  Base
                  Salary  below the amount in effect on the date hereof;

                  (ii) a reduction in Executive's title, a material reduction in
                  his authority, duties or job responsibilities, a material
                  adverse change in his working conditions (including the
                  relocation of Executive's office more than 40 miles from the
                  Company's present executive offices), without Executive's
                  consent, as determined by Executive in his reasonable
                  judgment;

                  (iii) a failure by the Company to comply with any material
                  provision of this Agreement if the Company shall have failed
                  to remedy the alleged breach within 60 days from the date
                  written notice of such noncompliance is given by Executive to
                  the Company; or

                  (iv) any purported termination of Executive's employment which
                  is not effected pursuant to a proper Notice of Termination
                  (and for purposes of this Agreement no such purported
                  termination shall be effective).

         'Notice of Termination' means a written notice of either the Company or
         Executive, as applicable, setting forth in reasonable detail the facts
         and circumstances claimed to provide a basis for termination.

         'Termination Date' means the effective date of employment termination.

         2. Term of Employment. The Company shall employ Executive, and
Executive shall be employed by the Company and shall provide services to the
Company upon the terms and conditions hereinafter set forth. The initial term of
Executive's employment with the Company shall continue, unless earlier
terminated pursuant to Section 5 hereof, through December 31, 2001 (the
'Employment Period'); provided, however, that after expiration of the initial
term, the Employment Period shall automatically be renewed each January 1 for
successive one-year terms unless the Company or Executive delivers written
notice to the other party at least sixty (60) days preceding the expiration of
the initial term or any one-year extension date of the intention not to extend
the term of this Agreement.

                                      -3-


         3. Performance of Duties. Executive shall have the title of Senior Vice
President of the Company. Effective upon the approval of the Company's Board of
Directors (which is expected to occur no later than January 20, 2000), Executive
shall have the additional titles of Chief Financial Officer and Secretary of the
Company. For as long as he holds such positions, Executive shall possess such
powers and perform such duties as are normally incident to such positions, as
provided in the By-laws of the Company and in accordance with the General
Corporation Law of the State of Delaware. During the period of his employment by
the Company, Executive agrees that he shall perform his duties faithfully and
efficiently subject to the direction of the President and the Board of Directors
of the Company, and the Company agrees that Executive shall be required to
report to the President and to the Board of Directors.

Executive agrees that during the Employment Period he shall devote substantially
his full business time to business affairs of the Company, provided, however,
that notwithstanding any other provision hereof, Executive may serve in any
capacity with any civic, educational and charitable organization provided, in
each case, such activities do not materially interfere with the performance of
his duties hereunder, and such service is consistent with all Company policies
and procedures regarding such service. Executive shall be entitled to retain all
compensation (whether in the form of cash, equity securities or perquisites)
paid or delivered to Executive in connection with such civic, educational or
charitable activities. Executive agrees that Executive shall not, without the
prior consent of the Board of Directors of the Company (which consent shall not
be unreasonably withheld), agree to serve on any boards of directors other than
the boards of directors upon which Executive presently serves.

         4. Compensation.  For services  rendered by Executive,  and upon the
condition  that  Executive  fully and faithfully perform all of his duties and
obligations set forth herein, Executive shall be compensated for his services as
follows:

                  (a) Base Salary. Executive shall receive an annual salary,
         payable in monthly or more frequent installments, in accordance with
         the usual payroll practice of the Company, in an amount equal to the
         Base Salary, less income tax withholdings and other normal employee
         deductions. The Base Salary shall be reviewed annually as of the end of
         each fiscal year commencing January 1, 2002 by the Compensation
         Committee, and may, at the sole discretion of the Compensation
         Committee, be increased by an amount that it deems appropriate. If the
         Base Salary is increased by the Compensation Committee, it shall not be
         decreased thereafter during the Employment Period.

                  (b) Bonus. Executive shall receive bonus payments in
         accordance with any arrangements or bonus plans established by the
         Company, in such amounts and upon such terms as are determined by the
         Compensation Committee.

                  (c) Management Stock Option Plan. Executive shall be entitled
         to participate in the Quotesmith.com, Inc. 1997 Stock Option Plan (As
         Amended and Restated March 29, 1999) in the same manner as other senior
         executives of the Company.

                                      -4-


                  (d) Benefits. During his employment with the Company,
         Executive shall be entitled to participate, to the extent he meets all
         eligibility requirements of general application, in any and all
         employee benefit plans, programs and arrangements which are now or
         hereafter adopted by the Company to provide benefits for its employees,
         including, but not limited to, medical and hospitalization, group term
         life insurance, disability, and retirement plans. Additionally,
         Executive shall receive such other benefits as Company may make
         generally available to its senior executive officers.

                  (e) Vacation. Executive shall be entitled to five weeks of
         paid vacation annually, in accordance with the policy of the Company in
         effect from time to time, to be taken at times agreeable to both the
         Executive and the Company.

                  (f) Travel and Expenses. The Company shall reimburse Executive
         for the reasonable and necessary business expenses incurred by him in
         connection with the performance of his duties and obligations as set
         forth herein consistent with any existent Company policy with respect
         to same. Reimbursement shall be made upon the presentation by Executive
         to the Company of reasonably detailed statements of such expenses.

Payment of the Base Salary shall not in any way limit or reduce any other
obligation of the Company pursuant to this Agreement, and no other compensation,
benefit, or payment hereunder shall in any way limit or reduce the obligation of
the Company to pay Executive's Base Salary, except that, for the period
commencing on the date Executive becomes Disabled and ending on the Termination
Date, the Base Salary shall be reduced by any amounts that are payable to
Executive prior to or during such period under any disability benefit plan of
the Company in which Executive participates.

         5. Termination.  Executive's  employment  hereunder shall terminate at
the end of the Employment Period. In addition, the Employment  Period may be
terminated at any time as provided herein.  After Notice of Termination has been
delivered, and prior to the  Termination  Date, Executive  shall make
reasonable  efforts to cooperate with Company in achieving a transition of
Executive's duties and responsibilities.

                  (a) Cause. The Employment Period may be terminated at the
         option of the Company for Cause effective upon the date stated in the
         Notice of Termination to Executive.

                  (b) Death. The Employment Period will terminate automatically
         effective upon  Executive's death.

                  (c) Disability. In the event Executive becomes Disabled (as
         such term is hereinafter defined) during the Employment Period, and the
         Company is unable to make a reasonable accommodation which would enable
         Executive to continue to perform the essential functions of his
         employment position with the Company, the Employment Period may be
         terminated at the option of Executive or the Company effective 30 days
         after a Notice of Termination is given (provided that Executive shall
         not have returned to the performance of his duties on a full-time basis
         during such 30-day period). Unless otherwise


                                      -5-


         agreed by Executive and the Board of Directors, the determination by
         the physician selected by Company and Executive that Executive is
         Disabled shall be binding upon the Company and Executive.

                  (d) Voluntary Resignation. Executive may resign his employment
         at any time with or without Good Reason, effective upon Notice of
         Termination (which shall state whether such resignation is with Good
         Reason) given by Executive to the Company.

                  (e) Termination without Cause by the Company. The Company may
         terminate Executive's employment at any time, effective upon Notice of
         Termination (which shall state that such termination is without Cause)
         given by the Company to Executive.

If, within 30 days after any Notice of Termination for Cause is given by the
Company, Executive notifies the Company that a dispute exists concerning the
termination, then the Termination Date shall be the date (the 'Final
Determination') as determined either by mutual written agreement of the parties,
by a binding and final arbitration award or by a final judgment, order or decree
of a court of competent jurisdiction (the time for appeal therefrom having
expired and no appeal having been perfected). Notwithstanding the foregoing, the
Company shall not be prohibited from removing Executive from his position with
the Company pending the Final Determination provided that such removal is
without prejudice to Executive's rights to receive all benefits from the Company
to which he may be entitled upon the Final Determination.

         6. Separation  Benefits.  Executive  shall be entitled to receive
separation  benefits  upon such events and in such amounts as are set forth in
this Section 6.

                  (a) Termination Without Cause or for Good Reason. In the event
         that Executive's employment with the Company is terminated at any time
         during the Employment Period by the Company without Cause, or by
         Executive for Good Reason, then Executive (or if he shall have died
         after termination but prior to payment, his surviving spouse, or if he
         leaves no spouse, his personal representative, as successor in
         interest) shall be paid by the Company an amount equal to one full year
         of the Executive's Base Salary in effect as of the Date of Termination,
         payable in monthly or more frequent installments, in accordance with
         the usual payroll practice of the Company, beginning with the month
         coinciding with or next following the Date of Termination.

                  (b) Termination Upon Death. If the Employment Period is
         terminated by Executive's death, the Company shall pay Executive's
         surviving spouse, or if he leaves no spouse, his personal
         representative, as successor in interest, (i) an amount equal to the
         Executive's then current Base Salary (payable in monthly or more
         frequent installments, in accordance with the usual payroll practice of
         the Company, beginning with the month coinciding with or next following
         the date of Executive's death), and (ii) any death benefit payable
         under any employee benefit plans, programs and arrangements of the
         Company in which Executive is a participant on the date of his death.


                                      -6-


                  (c) Termination Upon Disability. If the Employment Period is
         terminated in accordance with the terms of paragraph 5(c) because of
         Executive's Disability, the Company shall pay to Executive (or in the
         event of Executive's death after finding of Disability, his surviving
         spouse, or if he leaves no spouse, his personal representative, as
         successor in interest) all compensation and benefits specified under
         paragraph 4 herein, for a period of one year from the Date of
         Termination, payable in the same manner as if the Employment Period had
         not been terminated.

                  (d) Excise Tax Gross-Up. If Executive becomes entitled to one
         or more payments (with a 'payment' including, but not limited to, the
         vesting of an option or other non-cash benefit or property), whether
         pursuant to the terms of this Agreement or any other plan, arrangement,
         or agreement with the Company or any affiliated company (the 'Total
         Payments'), which are or become subject to the tax imposed by Section
         4999 of the Code (or any similar tax that may hereafter be imposed)
         (the 'Excise Tax'), the Company shall pay to Executive at the time
         specified below an additional amount (the 'Gross-Up Payment') (which
         shall include, but not be limited to, reimbursement for any penalties
         and interest that may accrue in respect of such Excise Tax) such that
         the net amount retained by Executive, after reduction for any Excise
         Tax (including any penalties or interest thereon) on the Total Payments
         and any federal, state and local income or employment tax and Excise
         Tax on the Gross-Up Payment provided for by this subparagraph (d), but
         before reduction for any federal, state, or local income or employment
         tax on the Total Payments, shall be equal to the sum of (a) the Total
         Payments, and (b) an amount equal to the product of any deductions
         disallowed to Executive for federal, state, or local income tax
         purposes because of the inclusion of the Gross-Up Payment in
         Executive's adjusted gross income multiplied by the highest applicable
         marginal rate of federal, state, or local income taxation,
         respectively, for the calendar year in which the Gross-Up Payment is to
         be made.

                  For purposes of determining whether any of the Total Payments
         will be subject to the Excise Tax and the amount of such Excise Tax:

                  i) The Total Payments shall be treated as 'parachute payments'
             within the meaning of Section 280G(b)(2) of the Code, and all
             'excess  parachute  payments'  within the  meaning of  Section
             280G(b)(1)  of the Code shall be treated as subject to the Excise
             Tax, unless,  and except to the extent that, in the written opinion
             of independent  compensation  consultants  or  auditors of
             nationally recognized  standing  ('Independent Advisors') selected
             by the Company and reasonably  acceptable to Executive, the Total
             Payments (in whole or in part) do not  constitute parachute
             payments,  or such excess parachute  payments (in whole or in part)
             represent  reasonable compensation  for services actually  rendered
             within the meaning of Section 280G(b)(4) of the Code in excess of
             the base amount within the meaning of Section  280G(b)(3) of the
             Code or are otherwise not subject to the Excise Tax;


                                      -7-



                  ii) The amount of the Total Payments which shall be treated as
             subject to the Excise Tax shall be equal to the lesser of (A) the
             total amount of the Total Payments or (B) the total amount of
             excess parachute payments within the meaning of Section 280G(b)(1)
             of the Code (after applying clause (i) above); and

                  iii) The value of any non-cash benefits or any deferred
             payment or benefit shall be determined by the Independent Advisors
             in accordance with the principles of Sections 280G(d)(3) and (4) of
             the Code.

                  For purposes of determining the amount of the Gross-Up
         Payment, Executive shall be deemed (A) to pay federal income taxes at
         the highest marginal rate of federal income taxation for the calendar
         year in which the Gross-Up Payment is to be made; (B) to pay any
         applicable state and local income taxes at the highest marginal rate of
         taxation for the calendar year in which the Gross-Up Payment is to be
         made, net of the maximum reduction in federal income taxes which could
         be obtained from deduction of such state and local taxes if paid in
         such year (determined without regard to limitations on deductions based
         upon the amount of Executive's adjusted gross income); and (C) to have
         otherwise allowable deductions for federal, state, and local income tax
         purposes at least equal to those disallowed because of the inclusion of
         the Gross-Up Payment in Executive's adjusted gross income. In the event
         that the Excise Tax is subsequently determined to be less than the
         amount taken into account hereunder at the time the Gross-Up Payment is
         made, Executive shall repay to the Company at the time that the amount
         of such reduction in Excise Tax is finally determined (but, if
         previously paid to the taxing authorities, not prior to the time the
         amount of such reduction is refunded to Executive or otherwise realized
         as a benefit of Executive) the portion of the Gross-Up Payment that
         would not have been paid if such Excise Tax had been applied in
         initially calculating the Gross-Up Payment, plus interest on the amount
         of such repayment at the rate provided in Section 1274(b)(2)(B) of the
         Code. In the event that the Excise Tax is determined to exceed the
         amount taken into account hereunder at the time the Gross-Up Payment is
         made (including by reason of any payment the existence or amount of
         which cannot be determined at the time of the Gross-Up Payment), the
         Company shall make an additional Gross-Up Payment in respect of such
         excess (plus any interest and penalties payable with respect to such
         excess) at the time that the amount of such excess is finally
         determined.

                  The Gross-Up Payment provided for above shall be paid on the
         30th day (or such earlier date as the Excise Tax becomes due and
         payable to the taxing authorities) after it has been determined that
         the Total Payments (or any portion thereof) are subject to the Excise
         Tax; provided, however, that if the amount of such Gross-Up Payment or
         portion thereof cannot be finally determined on or before such day, the
         Company shall pay to Executive on such day an estimate, as determined
         by he Independent Advisors, of the minimum amount of such payments and
         shall pay the remainder of such payments (together with interest at the
         rate provided in Section 1274(b)(2)(B) of the Code), as soon as the
         amount thereof can be determined. In the event that the amount of the
         estimated payments exceeds the amount subsequently determined to have
         been due, such excess shall constitute a loan by the Company to
         Executive, payable on the fifth day after demand by


                                      -8-


         the Company (together with interest at the rate provided in Section
         1274(b)(2)(B) of the Code). If more than one Gross-Up Payment is made,
         the amount of each Gross-Up Payment shall be computed so as not to
         duplicate any prior Gross-Up Payment. The Company shall have the right
         to control all proceedings with the Internal Revenue Service that may
         arise in connection with the determination and assessment of any Excise
         Tax and, at its sole option, the Company may pursue or forego any and
         all administrative appeals, proceedings, hearings, and conferences with
         any taxing authority in respect of such Excise Tax (including any
         interest or penalties thereon); provided, however, that the Company's
         control over any such proceedings shall be limited to issues with
         respect to which a Gross-Up Payment would be payable hereunder, and
         Executive shall be entitled to settle or contest any other issue raised
         by the Internal Revenue Service or any other taxing authority.
         Executive shall cooperate with the Company in any proceedings relating
         to the determination and assessment of any Excise Tax and shall not
         take any position or action that would materially increase the amount
         of any Gross-Up Payment hereunder.

         7. Noncompetition. During the Employment Period and continuing until
the second anniversary of the termination thereof, Executive shall not, without
the prior written authorization of the Board of Directors of the Company, (i)
directly or indirectly render services of a business, professional or commercial
nature (whether for compensation or otherwise) to any person or entity
competitive or adverse to the Company's business welfare, (ii) engage in any
activity, whether alone, as a partner, or as an officer, director, employee,
consultant, independent contractor, or stockholder in any other corporation,
person, or entity which is competitive with or adverse to the Company's business
welfare, (iii) hire or solicit for hire any of the Company's employees,
prospective employees or consultants (iv) solicit the business of any client of
the Company, or any prospective client of the Company that had been serviced or
solicited by the Company during the two (2) years preceding Executive's
termination, or (v) enter into any agreements with any supplier of the Company
regarding the sale or distribution of products of the supplier. Notwithstanding
any provision to the contrary, Executive shall be entitled to assume a position
as Chief Financial Officer of an insurance company at any time following the
termination of his employment, and his acceptance of such a position will not
constitute a violation of the provisions of this Section 7.

In the event that Executive's employment with the Company is terminated by
Executive or the Company at any time, for any reason whatsoever, the Company
shall have the right to inform any of Executive's future employers or
prospective employers of the existence of this Section 7 of the Agreement. This
Section 7 shall not, however, prevent Executive from investing in securities
issued by any such competitive or adverse corporation provided the holdings
thereof by Executive do not constitute more than three percent of any one class
of such securities.


                                      -9-


         8. Confidentiality.

                  (a) Disclosure and Use. Executive shall not disclose or use,
         or authorize anyone else to disclose or use, at any time, either during
         or after the Employment Period, any trade secrets or other confidential
         information of the Company of which Executive is or becomes informed or
         aware of prior to or during the Employment Period, except (i) as may be
         required for Executive to perform his duties and obligations under this
         Agreement, (ii) to the extent such information has been disclosed to
         Executive by a third party who is not affiliated with the Company or
         which otherwise becomes generally available to the public, (iii)
         information which must be disclosed as a result of a subpoena or other
         legal process, provided that the Company is given reasonable notice and
         an opportunity to obtain a protective order, or (iv) unless Executive
         shall first secure the Company's prior written authorization. This
         paragraph shall survive the termination of this Employment Period,
         whether by lapse of time or otherwise, and shall remain in effect and
         be enforceable against Executive for as long as any such Company trade
         secrets or confidential information retains commercial value. Executive
         shall execute additional agreements and confirmations of his
         obligations to the Company concerning such non-disclosure of Company
         trade secrets and other confidential information as the Company may
         require from time to time, provided that the execution of such
         additional agreements and confirmations are (i) reasonable and (ii) are
         required of all other senior executive employees of the Company under
         similar circumstances.

                  (b) Return of Materials. Upon termination of his employment
         for any reason, Executive (or in the event of termination due to
         Executive's death, his surviving spouse or personal representative, as
         applicable) shall promptly deliver to the Company all materials of a
         secret or confidential nature relating to the Company's business, which
         are in the possession or under the control of Executive.

         9. Inventions. Executive hereby assigns to the Company all of his
rights, title, and interest in and to all inventions, discoveries, processes,
designs, and other intellectual property, including but not limited to trade
secrets, copyrights, patents, trademarks and trade names (collectively
hereinafter referred to as 'Inventions'), and all improvements on existing
Inventions made or discovered by Executive during the term of his employment by
the Company. Promptly upon the development or making of any such Invention or
improvement thereon, Executive shall disclose the same to the Company and shall
execute and deliver to it such reasonable documents as it may request to confirm
the assignment of Executive's rights therein and, if requested, shall assist the
Company in applying for copyright, patent or trademark protection and
prosecuting any patents which may be available in respect thereof. The Company
acknowledges and hereby notifies Executive that this paragraph 9 does not apply
to an Invention for which no equipment, supplies, facility or trade secret
information of the Company was used and which was developed entirely on
Executive's own time, unless (a) the Invention relates to (i) the business of
the Company, or (ii) the Company's actual or demonstrably anticipated research
or development, or (b) the Invention results from any work performed by
Executive for the Company.


                                      -10-


         10. Remedies. If, at any time, Executive violates to any material
extent any of the covenants or agreements set forth in paragraphs 7, 8 or 9, the
Company shall have the right to terminate all of its obligations to make further
payments under this Agreement. Executive acknowledges that the Company would be
irreparably injured by a violation of paragraphs 7, 8 or 9, that damages for
such a breach are not easily calculated, and that any remedy at law would be
inadequate. Therefore, Executive agrees that the Company shall be entitled to an
injunction restraining Executive from any actual or threatened breach of
paragraphs 7, 8 or 9 or to any other appropriate equitable remedy without any
bond or other security being required.

It is expressly understood between the parties that this injunctive or equitable
relief shall not be Employer's exclusive remedy for breach of this Agreement.
Without limitation, in the event of any breach by Executive of paragraphs 7, 8
or 9 of this Agreement, such Executive shall not be entitled to receive any
salary payments or any other compensation beyond the date of such breach to
which he would otherwise be entitled, and Executive shall be obligated to repay
to Employer salary payments received by him at any time after the occurrence of
such breach.

         11. Resolution of Disputes.

                  (a) In the event of any controversy among the parties hereto
         arising out of, or relating to, this Agreement (other than a
         controversy arising out of or relating to paragraphs 7, 8 or 9 hereof),
         which cannot be settled amicably by the parties, such controversy shall
         be finally settled by arbitration conducted expeditiously in accordance
         with the American Arbitration Association Commercial Arbitration Rules
         and the Supplementary Procedures for Large, Complex Disputes, by an
         independent arbitrator. Either the Company or Executive may institute
         such arbitration proceeding by giving written notice to the other
         party. A hearing shall be held by the arbitrator in the City of
         Chicago, Illinois, and a decision of the matter submitted to the
         arbitrator shall be rendered promptly in accordance with the rules of
         the American Arbitration Association. The prevailing party shall be
         entitled to all costs and expenses with respect to such arbitration,
         including reasonable attorneys' fees. The decision of the arbitrator
         shall be final and binding upon all parties hereto. Judgment upon the
         award rendered may be entered in any court having jurisdiction thereof.

                  (b) Notwithstanding the foregoing, Executive acknowledges and
         agrees that the Company may seek in a court of competent jurisdiction
         an injunction prohibiting Executive's breach or alleged breach of
         paragraphs 7, 8 and 9.

         12. Legal Fees. Should any litigation or arbitration be commenced
concerning any provision of this Agreement or Executive's employment or
termination of employment, the prevailing party shall be entitled, in addition
to such other relief as may be granted, to its attorneys' fees and costs
incurred by reason of such litigation or arbitration.

         13. Executive's Representations and Warranties.  Executive hereby
represents, warrants, and covenants that:


                                      -11-


                  (a) Executive has no actual or potential conflict of interest
         performing Executive's obligations and duties hereunder, will avoid any
         such conflict during the Employment Period and will immediately report
         any such conflict to the Company;

                  (b) the execution, delivery, and performance of this Agreement
         by Executive will not violate any law, order, regulation, agreement,
         contract, promise or duty by which Executive is bound;

                  (c) this  Agreement is duly  executed and is valid and binding
         on Executive in  accordance  with its terms; and

                  (d) the Inventions developed by Executive for, or delivered by
         Executive to, the Company does not and will not infringe upon any third
         party trade secrets, copyrights, patents, trademarks or similar
         proprietary rights. Executive hereby indemnifies and holds harmless the
         Company and its directors, officers, employees, affiliates, agents,
         representatives, successors and assigns for any breach of the foregoing
         representation and warranty. The foregoing indemnity shall survive any
         termination of this Agreement or the Employment Period for any reason.

         14. Amendment and Termination. This Agreement may not be amended or
canceled except by written instrument signed by both parties and approved by
the Board of Directors or a committee thereof.

         15. Modification and Waiver of Breach. No waiver or modification of
this Agreement shall be binding unless it is in writing, signed by the parties
hereto. The waiver by Company or Executive of any term or breach of this
Agreement shall not prevent a subsequent enforcement of such term or any other
term and shall not be deemed to be a waiver of any subsequent breach.

         16. Notice. Any notice required or permitted to be given under this
Agreement shall be in writing and shall be deemed given or delivered and
received (i) when delivered personally (which shall be deemed to include
delivery via express courier such as Federal Express), or (ii) three days after
having been sent by registered or certified mail, return receipt requested, or
(iii) upon receipt when sent by facsimile, telegram or telex followed by a
confirmation letter sent by registered or certified mail, return receipt
requested, addressed as follows:

                  If to the Company:    Quotesmith.com, Inc.
                                        8205 South Cass Avenue
                                        Suite 102
                                        Darien, IL 60561
                                        Facsimile: (800) 515-0270
                                        Attention: President



                                      -12-



         With a Copy to:        Craig C. Bradley, Esq.
                                Freeborn & Peters
                                311 South Wacker Drive
                                Suite 3000
                                Chicago, IL 60606
                                Facsimile: (312) 360-6570

         If to Executive:       David I. Vickers
                                409 Washington Street
                                Elmhurst, IL 60126

Either the Company or Executive may, at any time, by notice to the other,
designate another address for service of notice on such party.

         17. Non-assignment. The interests of Executive under this Agreement are
not subject to the claims of his creditors and may not be voluntarily or
involuntarily assigned, alienated or encumbered. Company may assign its rights,
duties or obligations under this Agreement to any person with whom it has merged
or consolidated, or to whom it has transferred all, or substantially all, of its
assets.

         18. Severability. If any provision of this Agreement is held invalid or
unenforceable, either in its entirety or by virtue of its scope or application
to given circumstances, such provision shall thereupon be deemed (i) modified
only to the extent necessary to render such provision valid, or (ii) not
applicable to given circumstances, or (iii) excised from this Agreement, as the
situation may require, and this Agreement shall be construed and enforced as if
such provision had been included herein as so modified in scope or application,
or had not been included herein, as the case may be. Should this Agreement, or
any one of more of the provisions hereof, be held to be invalid, illegal or
unenforceable within any governmental jurisdiction or subdivision thereof, the
Agreement or any such provision or provisions shall not as a consequence thereof
be deemed to be invalid, illegal or unenforceable in any other governmental
jurisdiction or subdivision thereof.

         19. Successors. This Agreement shall be binding upon, and inure to the
benefit of the parties and their permitted successors and assigns. Nothing in
this Agreement, express or implied, is intended or shall be construed to confer
upon any person, other than the parties and their respective successors and
assigns permitted by this Agreement, any right, remedy or claim under, or by
reason of, this Agreement.

         20. Entire Agreement. This Agreement constitutes the entire agreement
between Company and Executive with respect to the subject matter hereof. This
Agreement supersedes any prior agreement made between the parties.

         21. Counterparts. The Agreement may be executed in two or more
counterparts, any one of which shall be deemed an original and all of which
taken together shall constitute a single instrument.


                                      -13-


     22. Governing Law. This Agreement, and all matters or disputes
relating to the validity, construction, performance or enforcement hereof,
shall be governed, construed and controlled by and under the laws of the
State of Illinois without regard to principles of conflicts of law.

     23. EXECUTIVE ACKNOWLEDGES THAT HE HAS READ, UNDERSTOOD AND ACCEPTS THE
PROVISIONS OF THIS AGREEMENT. HE ALSO ACKNOWLEDGES THAT HE HAS HAD THE
OPPORTUNITY TO AND HAS REVIEWED THE TERMS AND CONDITIONS OF THIS AGREEMENT.

                           [SIGNATURE PAGE FOLLOWS]


                                      -14-


         IN WITNESS WHEREOF, the parties have executed this Employment Agreement
as of the date written above.


                                       QUOTESMITH.COM, INC.


                                       By:
                                          --------------------------------------
                                           Robert S. Bland
                                           President and Chief Executive Officer


                                       EXECUTIVE


                                       -----------------------------------------
                                           David I. Vickers
                                       



                                      -15-