Life Quotes, Inc. News Release - 09/01/2021
CONTACT:
Robert
Bland
(630) 515-0170, ext. 101
bob@lifequotes.com
LifeQuotes.com Reminder: September is
Life Insurance Awareness Month; Prices Fall to All-Time Lows
Westmont, Illinois (September 1, 2021) –
LifeQuotes.com, the online insurance broker that offers
instant, comparative quotes from 40 leading life insurers and
allows customers to purchase from the company of their choice,
today reminds consumers that September is Life Insurance
Awareness Month and that life insurance prices are now at
all-time lows.
Michelle Zieba, vice president, said, "Parents
without life insurance need to step up. Personal life
insurance ownership among American households fell to 52% last
year. And 42% of people believe they would struggle to pay
living expenses within six months if a primary wage earner
died. The good news is, getting fresh quotes takes only
seconds at rate.lifequotes.com."
The LifeQuotes proprietary technology enables instant
quotes from up to 40 insurers, underwriting guidelines
disclosed, instant-decision underwriting and online buying
capability all backed by caring, salaried telephone
specialists who are trained to assist and inform without any
sales pressure.
Other customer-pleasing features of the LifeQuotes.com
platform include automatic quoting of Final Expense, Term
Life, Whole Life and Universal Life, no-exam underwriting, and
the disclosure of actual underwriting guidelines so that
people with health histories can better understand, up front,
the expected final price.
Zieba continued, "No parent should rely solely upon
life insurance from their workplace because that coverage is
typically capped at two times annual earnings and the coverage
might not be portable should you change employers. 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
Owners of term life insurance policies are reminded 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.
Instant decision term life plans rise in popularity
The chart of sample monthly premiums below reveals the
best possible monthly prices for a 10-year, instant decision
level 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.
| Instant Decision Sample Rates,
10 Year Term |
| 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 |
| 20-35 |
$8 |
$9 |
$12 |
$18 |
|
20-35 |
$8 |
$10 |
$14 |
$21 |
| 40 |
$9 |
$11 |
$15 |
$25 |
|
40 |
$9 |
$12 |
$17 |
$27 |
| 45 |
$10 |
$15 |
$24 |
$40 |
|
45 |
$11 |
$17 |
$27 |
$46 |
| 50 |
$14 |
$23 |
$39 |
$73 |
|
50 |
$16 |
$26 |
$46 |
$87 |
| 55 |
$19 |
$32 |
$54 |
$101 |
|
55 |
$23 |
$41 |
$73 |
$135 |
| 60 |
$33 |
$54 |
$101 |
$348 |
|
60 |
$39 |
$75 |
$143 |
$477 |
| Instant Decision Sample Rates,
20 Year Term |
| 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 |
| 20-35 |
$9 |
$12 |
$18 |
$29 |
|
20-35 |
$10 |
$13 |
$21 |
$34 |
| 40 |
$11 |
$15 |
$24 |
$41 |
|
40 |
$11 |
$17 |
$28 |
$49 |
| 45 |
$13 |
$21 |
$36 |
$67 |
|
45 |
$16 |
$26 |
$43 |
$80 |
| 50 |
$17 |
$32 |
$57 |
$119 |
|
50 |
$23 |
$45 |
$84 |
$162 |
| 55 |
$29 |
$54 |
$95 |
$175 |
|
55 |
$39 |
$67 |
$129 |
$238 |
| 60 |
$48 |
$95 |
$184 |
$938 |
|
60 |
$80 |
$149 |
$293 |
$1,093 |
| Instant Decision Sample Rates,
30 Year Term |
| 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 |
| 20-35 |
$14 |
$18 |
$29 |
$52 |
|
20-35 |
$16 |
$21 |
$35 |
$63 |
| 40 |
$17 |
$23 |
$40 |
$74 |
|
40 |
$22 |
$28 |
$50 |
$92 |
| 45 |
$23 |
$33 |
$60 |
$114 |
|
45 |
$30 |
$42 |
$78 |
$148 |
| 50 |
$36 |
$70 |
$125 |
$336 |
|
50 |
$47 |
$94 |
$168 |
$424 |
| 55 |
$56 |
$112 |
N/A |
N/A |
|
55 |
$75 |
$151 |
N/A |
N/A |
The sample premiums shown above assume that the
applicant is in good health and has no ratable medical issues.
Applicants with pre-existing medical issues can view instant
quotes at rate.lifequotes.com. Customers who want quotes and
advice by phone can talk to our licensed specialists by
calling (800) 556-9393.
Past Accolades for LifeQuotes.com
- 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
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
390,000 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); The Lincoln National Life Insurance Company, Fort Wayne, IN, policy form LEF06321_5-12, an insurance company affiliate 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; 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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