CONTACT:
Robert
Bland
(630) 515-0170, ext. 101
bob@lifequotes.com
LifeQuotes.com Celebrates 400,000th
Customer Milestone, Confirms Life Insurance Prices at All-Time
Lows Despite COVID Pandemic
Westmont, Illinois (January 26, 2022) –
LifeQuotes.com, the online insurtech that offers comparative
quotes from 40 leading life insurers and allows customers to
purchase from the company of their choice, today announced
reaching 400,000 customers insured and confirmed that life
insurance prices are now at all-time lows despite rising COVID
deaths.
LifeQuotes CEO, Robert Bland, remarked, "Our business
model is firing on all cylinders. We just completed our 11th
consecutive year of profitability and recorded a 20 percent
increase in delivered policies for 2021 vs. 2020. And we're
off to a jackrabbit start so far in 2022 with submitted
applications up 55 percent vs. the same period in 2021.
Revenue streams from new business, returning customers and
renewal income are all contributing nicely to what we expect
will be a growth year in 2022."
The LifeQuotes proprietary technology enables easy,
instant comparison of life insurance rates among leading
insurers. Hallmarks of the LifeQuotes platform are anonymous
quoting and a buying process that discloses actual
underwriting guidelines to all customers on a pre-purchase
basis resulting in fewer rate-ups and declines. The
comparative selection of 40 insurers' rates ensures maximum
savings. About 10 of the 40 listed insurers are currently
providing instant-decision underwriting, which is a hit with
life insurance shoppers. Salaried telephone specialists assist
and inform without any sales pressure.
"We're thrilled to have reached 400,000 customers
insured," said vice president, Michelle Zieba. "Against the
sobering backdrop of rising COVID deaths, we want consumers to
know that life insurance prices are currently at all-time
lows, making this an ideal window of opportunity to buy."
A recent Reuters analysis revealed that COVID deaths hit
an 11-month high on Sunday.
Other unique attributes of the content-rich
LifeQuotes.com platform include automatic quoting of Final
Expense, Term Life, Whole Life and Universal Life, no-exam
plans up to $2.5 million and accidental death plans.
Bland continued, "Our selection, savings and service
model resonates well with today's COVID-weary life insurance
shoppers. The instant quote technology that we pioneered and
brought to market enables us to render more accurate quotes
and happy outcomes to applicants, including those who have
health histories such as diabetes, heart disease, cancer,
sleep apnea, anxiety and more."
A 24x7 live feed of the LifeQuotes.com customer reviews,
now numbering in excess of 108,000 and averaging 4.66 Stars,
can be viewed at
rate.lifequotes.com/liferequest/customerReview.jsp
Rayna S. of East St. Louis, IL, remarked, "Very
professional, detailed and knowledgeable."
Zieba continued, "LifeQuotes.com recommends that owners
of life insurance review their policies at least every 5
years. Many owners of term life insurance policies do not
realize that their policies might contain the right to convert
all or part of their term life policy to a permanent policy
with no health questions or medical exam."
Life insurance rates are at all-time lows
The chart of sample monthly premiums below reveals the
best possible monthly prices for a 10-year term life policy.
Most 10-year term life policies are renewable, without
evidence of insurability, to age 90+ and may be convertible to
permanent insurance without having to undergo further
underwriting. Other initial rate guarantee periods such as 15,
20, 25, 30 years and longer are also available as are
Universal Life and Whole Life, both of which can provide a
level death benefit and level premiums for life.
10 Year Team Life (Longer
guarantees are available) |
Best Female Monthly Rates |
|
Best Male Monthly Rates |
Age |
$100,000 |
$250,000 |
$500,000 |
$1,000,000 |
|
Age |
$100,000 |
$250,000 |
$500,000 |
$1,000,000 |
25-35 |
$7 |
$9 |
$11 |
$16 |
|
25-35 |
$7 |
$10 |
$13 |
$20 |
40 |
$8 |
$11 |
$15 |
$22 |
|
40 |
$8 |
$12 |
$17 |
$24 |
45 |
$10 |
$15 |
$24 |
$38 |
|
45 |
$11 |
$17 |
$27 |
$46 |
50 |
$13 |
$21 |
$33 |
$57 |
|
50 |
$14 |
$24 |
$41 |
$69 |
55 |
$18 |
$28 |
$50 |
$90 |
|
55 |
$20 |
$37 |
$67 |
$119 |
60 |
$24 |
$41 |
$73 |
$133 |
|
60 |
$30 |
$65 |
$114 |
$195 |
65 |
$35 |
$66 |
$122 |
$216 |
|
65 |
$44 |
$102 |
$191 |
$340 |
70 |
$57 |
$109 |
$197 |
$366 |
|
70 |
$87 |
$178 |
$317 |
$555 |
75 |
$98 |
$239 |
$454 |
$771 |
|
75 |
$139 |
$333 |
$639 |
$1,210 |
The sample premiums shown above assume that the
applicant is in good health and has no ratable medical issues.
Customers who want quotes and advice by phone can talk to our
licensed specialists by calling (800) 556-9393.
Having an adequate amount of life insurance in place is
important and everybody's situation is unique. Here are some
LifeQuotes.com guidelines:
- For people who work and have dependents, children or
a mortgage: 10-15 times annual income
- For home caregivers: $300,000 minimum
- For burial-only coverage: $10,000-$25,000
Accolades for LifeQuotes.com:
- 2022: LifeQuotes celebrates 400,000th
customer milestone
- 2021: LifeQuotes.com Celebrates 1,000 Google
Reviews Averaging 4.8 Stars
- "2017 Life Insurance Innovation" award
winner... Life Insurance Direct Marketing
Association
- "The premier Web site in terms of details and
ease of use..." -- Yahoo! FINANCE
- Twice Ranked #1 life insurance website by Kiplinger's
- Named a "100 Most useful website" by MSN
Money
- Past Winner: Forbes' "Best of
the Web"
- "The best web site I've found..." --
Dallas Morning News
- "...we'd recommend you do your insurance
shopping here..." -- Barron's
- "...outstanding - as good as a Web site on
insurance can possibly be. Hats off and a gold star to the
top insurance site on the Web." --
Insurance for Dummies
No questions asked life insurance soars in popularity
LifeQuotes.com has a good selection of "no health
questions asked" policies for people age 25-85. Two such
policies are the Term Life to Age 70 policy up to $50,000 for
ages 25-65 and a Whole Life policy up to $25,000 for ages
45-85. While not available to people who are terminally ill or
institutionalized, the no-health-question policies are made
available by use of regulatory-approved waiting periods.
No Health Questions Asked
Term Life to Age 70 |
Male and Female Monthly Rates |
Age |
$15,000 |
$20,000 |
$25,000 |
$50,000 |
25-65 |
$40 |
$48 |
$50 |
$69 |
Coverage begins after 6-month
wait |
Not in AK, AR, ID, ME, MD, MO, MT, NC,
NM, NV, NY, SD, OR, UT, WA |
No Health Questions Asked Whole
Life: Premiums and Coverage Remain Level for Life
|
Female Monthly Rates |
|
Male Monthly Rates |
Age |
$10,000 |
$15,000 |
$20,000 |
$25,000 |
|
Age |
$10,000 |
$15,000 |
$20,000 |
$25,000 |
45 |
$28 |
$41 |
$55 |
$68 |
|
45 |
$36 |
$54 |
$72 |
$89 |
50 |
$30 |
$45 |
$60 |
$74 |
|
50 |
$40 |
$60 |
$79 |
$99 |
55 |
$37 |
$56 |
$74 |
$92 |
|
55 |
$45 |
$68 |
$90 |
$112 |
60 |
$43 |
$64 |
$84 |
$105 |
|
60 |
$57 |
$85 |
$113 |
$141 |
65 |
$50 |
$74 |
$99 |
$123 |
|
65 |
$68 |
$102 |
$136 |
$170 |
70 |
$64 |
$95 |
$127 |
$158 |
|
70 |
$87 |
$130 |
$172 |
$215 |
75 |
$88 |
$132 |
$176 |
$220 |
|
75 |
$113 |
$169 |
$226 |
$282 |
80 |
$127 |
$190 |
$253 |
$316 |
|
80 |
$157 |
$235 |
$313 |
$391 |
85 |
$158 |
$236 |
$314 |
$393 |
|
85 |
$193 |
$288 |
$384 |
$480 |
Coverage begins after 24 month wait |
About LifeQuotes.com
LifeQuotes.com is an
insuretech pioneer that caters to self-directed life insurance
shoppers at rate.lifequotes.com. The company's innovative
technology allows customers to instantly view quotes from 40
insurers and buy from the company of their choice on a
paperless basis. The company's comparative rater also reveals
underwriting guidelines for improved accuracy. More than
400,000 people have purchased policies through LifeQuotes.com
since the firm's founding in 1984. According to Data
Bridge Market Research, the insuretech market is expected to
witness market growth at a rate of 42.4% in the forecast
period of 2021 to 2028 and is expected to reach $46 billion by
2028.
Survey Methodology
Life insurance policies described, quoted, shown and
illustrated in this press release may not be available in all
states and certain terms may vary by state where required by
state law. The supplemental policies described provide limited
benefits and are NOT comprehensive health insurance or major
medical insurance and they do NOT satisfy a person's
individual obligation to secure the requirements of minimum
essential coverage under the Affordable Care Act (ACA). For
more information about the ACA, refer to
http://www.HealthCare.gov. Policies examined include American
Family Life Insurance Company, Madison, WI, policy form
ICC14-LD10001; American National Insurance Company, Galveston,
TX, policy form ART 12; Assurity Life Insurance Company,
Lincoln, NE, policy form I L1702; Banner Life Insurance
Company, Urbana, MD, policy form ICC08-LIA, and William Penn
Life Insurance Company, Garden City, NY, policy form LIA-WP,
both Legal & General America companies; Foresters Financial of
Toronto, Canada, under form ICC16 770620; Haven Life Insurance
Agency, Issued by C.M Life Insurance Agency, LLC, a subsidiary
of Massachusetts Mutual Life Insurance Company (Mass Mutual)
of Springfield, MA. Policy form # ICC19PCM-SI 0819); Lincoln
Life & Annuity Insurance Company of New York, Syracuse, NY,
policy form LEF06321-18_7-10, and The Lincoln National Life
Insurance Company, Fort Wayne, IN, policy form LEF06321_5-12,
both insurance company affiliates of Lincoln National
Corporation, whose marketing name is Lincoln Financial Group;
John Hancock Life Insurance Company (U.S.A) of Boston, MA
02117, on policy form number ICC16 2016TERM and John Hancock
Life Insurance Company of New York, Valhalla, NY 10595,
Minnesota Life Insurance Company and Securian Life Insurance
Company of St. Paul, MN under policy number F76777-15; Pacific
Life Insurance Company of Newport Beach, CA, policy form
P16YLT. North American Company for Life & Health Insurance,
Chicago, IL, policy form LS174; Penn Mutual Life Insurance
Company of Horsham, PA, under policy form ICC13-LT; Principal
Life Insurance Company of Des Moines, IA, under policy form
ICC17 SN 104; Protective Life and Annuity, Birmingham, AL,
policy form TI-15; Pruco Life Insurance Company of New Jersey,
Newark, NJ, policy form ORD 96200-2010, member companies of
Prudential Financial, Inc., Newark, NJ; Sagicor Life Insurance
Company of Scottsdale, AZ under form number 1000; The Savings
Bank Mutual Life Insurance Company of Massachusetts, Woburn,
MA, policy form A91-OSV (SBLI and The No Nonsense Life
Insurance Company are registered trademarks of The Savings
Bank Mutual Life Insurance Company of Massachusetts;
Transamerica Life Insurance Company, Cedar Rapids, IA, policy
form 1-304 11-107, both AEGON companies; Vantis Life Insurance
Company, Windsor, CT, policy form # ICC17DTC; United of Omaha
Life Insurance Company, Omaha, NE, policy form LAP1099, a
Mutual of Omaha affiliate company. Copyright ©1984-2023 Life
Quotes, Inc. All rights reserved.
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