CONTACT:
Rob
Goss, Executive Vice President
(630) 515-0170, ext.
460
rob@lifequotes.com
LifeQuotes.com: No-Exam life insurance policies soar in popularity as prices drop to all-time lows;
more and more insurers now offer coverage up to $500,000
Westmont,
Illinois (May 24, 2016) - LifeQuotes.com, the online life insurance pioneer that offers
instant quotes from 50 life insurance companies and allows customers to buy
from any company on a paperless basis, has good news for those who want to skip
the traditional medical examination: An
increasing number of highly-rated
life insurers now offer no-exam underwriting up to $500,000, which dramatically
simplifies and speeds up the purchase process for life insurance shoppers. Instant quotes on the new no-exam plans up to
$500,000 are now available at rate.lifequotes.com.
Even better, some of the
no-exam plans offer instant-decision underwriting, depending upon the
applicant's age and state of residence. Additionally,
the LifeQuotes website offers anonymous quoting, which maximizes customer
privacy.
"A
sea change of product improvement is under way in the U.S. life insurance
market and the news could not be better for middle market consumers," said
LifeQuotes.com founder and CEO, Robert Bland.
"More and more life insurers are adding no-exam plans up to
$500,000 that offer instant underwriting at unheard-of rates, which now puts
high quality life insurance within reach of every American adult who has
dependents and a need for life insurance."
LifeQuotes.com
recommends that family breadwinners with dependents carry no less than ten
times their annual income in total life insurance and that a non-working
caregiver with dependents carry no less than $250,000. LifeQuotes.com offers an easy-to-use life
insurance needs calculator at rate.lifequotes.com.
Rob
Goss, executive vice president, added, "The new generation of no-exam
plans offer a full suite of initial rate guarantee periods, typically ranging
from 10 years to lifetime and there is very competitive pricing available for
individuals who have non-life threatening health conditions."
Goss continued, "In order to de-mystify the process and keep rate-ups and declines as low
as possible for our customers, we've designed our online illustrations to
display each company's actual Acceptance Guidelines, including height and
weight charts, so that customers can review them in private before they elect
to apply for coverage. To the best of my
knowledge, we're the only life insurance exchange that shows actual acceptance
guidelines along with the price quotes."
|
Sample
No-Exam, 10 Year Level Term Life Insurance Rates
|
|
Female
Monthly Rates
|
|
Male
Monthly Rates
|
|
Age
|
$25,000
|
$50,000
|
$100,000
|
$250,000
|
$500,000
|
|
Age
|
$25,000
|
$50,000
|
$100,000
|
$250,000
|
$500,000
|
|
25
|
$9
|
$8
|
$9
|
$12
|
$13
|
|
25
|
$8
|
$9
|
$11
|
$14
|
$18
|
|
30
|
$8
|
$9
|
$10
|
$15
|
$13
|
|
30
|
$8
|
$10
|
$12
|
$14
|
$18
|
|
35
|
$8
|
$9
|
$11
|
$14
|
$14
|
|
35
|
$9
|
$10
|
$13
|
$14
|
$18
|
|
40
|
$8
|
$11
|
$14
|
$14
|
$18
|
|
40
|
$10
|
$12
|
$14
|
$16
|
$24
|
|
45
|
$10
|
$13
|
$13
|
$17
|
$27
|
|
45
|
$11
|
$14
|
$14
|
$23
|
$29
|
|
50
|
$12
|
$16
|
$16
|
$23
|
$38
|
|
50
|
$14
|
$18
|
$18
|
$28
|
$46
|
|
55
|
$14
|
$20
|
$19
|
$32
|
$56
|
|
55
|
$18
|
$25
|
$23
|
$42
|
$75
|
|
60
|
$18
|
$25
|
$27
|
$48
|
$83
|
|
60
|
$26
|
$38
|
$36
|
$68
|
$127
|
|
65
|
$27
|
$36
|
$51
|
$114
|
$223
|
|
65
|
$38
|
$58
|
$88
|
$212
|
$444
|
LifeQuotes.com
reminds shoppers that the underwriting process for
these plans can entail third party database lookups, including the Medical
Insurance Bureau (MIB), past medical records, prescription drug use history,
driving record and other data sources.
We urge all customers to be truthful in their answers to the application
questions because a material misrepresentation could nullify coverage at a
later date. Rate-ups and declines in
life insurance can result in an MIB report history.
Underwriting
for most no-exam plans utilizes e-signature and/or a recorded telephone
interview.
The no-exam
insurers typically require U.S. citizenship, a valid Social Security number,
and a valid U.S. residence. In some
cases, coverage may be available to U.S. residents who are temporarily living abroad.
About LifeQuotes.com
Online
insurance pioneer LifeQuotes.com operates an insurance exchange at rate.lifequotes.com. The company pioneered
the concept and introduction of buying medically-underwritten term life
insurance online in 2001. LifeQuotes.com
also provides private label life insurance technology and direct market
fulfillment services to financial institutions, affinity groups, banks, credit
unions, trade associations and other groups with large customer bases. The
company's proprietary technology provides instant quotes and detailed illustrations
from up to 50 leading life insurers that enables a quick, paperless purchase
process. More than 325,000 people have
purchased policies through LifeQuotes.com since the firm's founding in 1984.
Visit rate.lifequotes.com for more information or
to experience the instant life insurance quoting experience online. Copyright
1984-2016 Life Quotes, Inc. All rights
reserved.
Actual plan
availability depends upon your age, state of residence, weight, overall health
and other factors. Plans are not
available in all states. The term life
policies described herein are underwritten by one or more of the following
companies: American National Insurance
Company, Galveston, TX under Policy Form # KC0910193 and state variations;
Fidelity Life Association, Chicago, IL, under Policy Form # F3600 and state
variations; Independent Order of
Foresters, Toronto, ON, under Policy Form # ICC73 770620 US and state
variations; Life Insurance Company of the Southwest, Addison, Texas under
Policy Form # ICC12-20112 or state variations; Minnesota Life Insurance
Company, a Securian Company, St. Paul, MN, under Policy Form # F76777-15 and
state variations; PHL Variable Insurance Company, a member of the Phoenix
Companies, Inc, Hartford, CT under Policy Form # ICC14OL4907 and state
variations; Prudential Financial/Pruco Life Insurance Company, Phoenix,
AZ, under Form # PFT-2007 and state
variations; Sagicor Life Insurance Company, Austin, Texas under Policy Form #
ICC101000/1000 or state variations; Savings Bank Life Insurance Company of
Massachusetts, Woburn, MA 01801 under Policy Form # B36 Series and B46 Series.
Transamerica Life Insurance Company, Cedar Rapids, IA, under Policy Form #
ICC12 TL18 and state variations; United Farm Family Life Insurance Company,
Indianapolis, IN, under Policy Form # 18-364 and state variations and United of
Omaha a Mutual of Omaha company, Omaha, NE, under Policy Form B630LNA07P and
state variations.
The above
chart of rates does not pertain to New Jersey residents, who can obtain quotes
at rate.lifequotes.com. Premiums
on level term life policies always increase after the initial rate guarantee
period expires. These policies
cover death by any cause in any place at any time subject to suicide exclusion
within first two policy years (one year in some states).
