CONTACT:
Robert
Bland
(630) 343-5037
bob@lifequotes.com
LifeQuotes.com: U.S. Life Insurers Lift
COVID-19 Underwriting Restrictions; Life Insurance Prices Fall
to All-Time Lows
- Instant decision, no-exam plans soar in
popularity
- Market loosens for life insurance applicants
age 60+
- Good news for applicants with medical
conditions, foreign travelers
Westmont, Illinois (June 23, 2021) –
LifeQuotes.com, the award-winning life insurance platform that
offers instant, comparative rate quotes from 40 highly-rated
life insurers and allows customers to buy from the company of
their choice, today released the results of a new life
insurance survey that confirms COVID-related underwriting
restrictions imposed in 2020 are being peeled back, which is
great news for life insurance shoppers.
"We have some important news to share with life
insurance shoppers," said LifeQuotes.com vice president,
Michelle Zieba. "We're delighted to see temporary
COVID-related underwriting restrictions being lifted by major
U.S. life insurers. This is an excellent time for owners of
life insurance to review their policies and for life insurance
shoppers, especially those with medical conditions and those
over age 60, to take advantage of these great rates and the
selection that our comparative rater has to offer."
Great prices are available if you are shopping for
life insurance
The following chart reveals the best monthly prices for
a 15-year level term life policy. Most 15-year term life
policies are renewable, without evidence of insurability, to
age 90+ and may be convertible to permanent insurance without
having to undergo underwriting. Other initial rate guarantee
periods such as 10, 20, 25, 30 years and lifetime are also
available for viewing at rate.lifequotes.com. The LifeQuotes
comparative rater shows term life, Guaranteed Universal Life,
Whole Life and Final Expense Life on every quote request, thus
greatly simplifying the life insurance shopping process.
| Sample 15 Year Term Life
Insurance Rates |
| Female Monthly Rates |
|
Male Monthly Rates |
| Age |
$100,000 |
$250,000 |
$500,000 |
$1,000,000 |
|
Age |
$100,000 |
$250,000 |
$500,000 |
$1,000,000 |
| 21-35 |
$7 |
$10 |
$15 |
$21 |
|
21-35 |
$8 |
$11 |
$16 |
$25 |
| 40 |
$9 |
$13 |
$20 |
$33 |
|
40 |
$9 |
$13 |
$20 |
$34 |
| 45 |
$11 |
$17 |
$28 |
$50 |
|
45 |
$13 |
$21 |
$36 |
$65 |
| 50 |
$15 |
$24 |
$41 |
$74 |
|
50 |
$18 |
$25 |
$54 |
$95 |
| 55 |
$20 |
$33 |
$59 |
$110 |
|
55 |
$25 |
$46 |
$85 |
$151 |
| 60 |
$29 |
$52 |
$95 |
$181 |
|
60 |
$38 |
$76 |
$143 |
$250 |
| 65 |
$45 |
$89 |
$164 |
$304 |
|
65 |
$67 |
$136 |
$258 |
$436 |
| 70 |
$73 |
$157 |
$285 |
$559 |
|
70 |
$105 |
$248 |
$475 |
$843 |
Each of the sample premiums shown above assume that the
applicant is in good health and has no ratable medical issues.
Applicants with medical conditions can also view instant
quotes at rate.lifequotes.com. Customers who want telephone
advice and guidance can talk to our licensed specialists by
calling (800) 556-9393.
Zieba continued, "If you have pre-existing medical
conditions, the desktop version of our comparative rater makes
it fast and easy for you to view customized quotes on an
anonymous basis and get help from our licensed specialists if
you have questions. Our comparative rater offers a wide
variety of plans at excellent rates, including plans that ask
no medical questions up to $75,000 of coverage. No-exam
coverage is available up to $2.5 million."
Of interest to owners of term life insurance
Owners of term life insurance are reminded that their
policy may contain a conversion feature that grants them the
right to convert all or part of their term life plan into a
more permanent plan of insurance without any health questions
or medical exams. Zieba continued, "We urge owners of
term life insurance to take the time to review their current
policies to see if they have the right to convert to a
lifetime policy or to call us at 800-556-9393 so that we can
do the research for them for free."
Having an adequate amount of life insurance in-force is
important, yet everybody's situation is unique. Here are some
generalized LifeQuotes.com guidelines:
- For people who work and have children or a mortgage:
10-15 times income
- For home caregivers: $300,000 minimum
- For burial-only coverage: $10,000-$25,000
- For children up to age 18: Up to $25,000
Past Accolades for LifeQuotes.com
- April 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
About LifeQuotes.com
Privately-held
LifeQuotes.com operates a popular Internet-based life
insurance exchange at rate.lifequotes.com in which customers
can view instant quotes on an anonymous basis and buy from the
company of their choice on a paperless basis. The company's
comparative rater is unique in that is reveals underwriting
guidelines so that life insurance applicants can enjoy more
accurate quotes. The company also provides technology and
fulfillment services to insurance companies, financial
institutions and affinity groups with large customer bases.
The company's proprietary technology provides instant quotes
and illustrations from 40 leading life insurers that enables a
highly streamlined, paperless purchase process. More than
380,000 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 life insurance
quoting experience online.
Survey Methodology
Life insurance policies described, quoted, shown and
illustrated throughout this press release may not be available
in all states. 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; 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; 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.
###
