CONTACT:
Rob
Goss, Executive Vice President
(630) 515-0170, ext.
460
rob@lifequotes.com
LifeQuotes.com: In Honor of Breast
Cancer Awareness Month, a Review of Life Insurance
Alternatives Available to Recovering Breast Cancer Patients
Westmont, Illinois (October 14, 2019) –
LifeQuotes.com, the life insurance price comparison service
that offers instant quotes from 43 highly-rated life insurers
and allows customers to buy from any company shown, today
released the results of a new life insurance survey that
confirms the availability of life insurance at competitive
prices for recovering breast cancer patients.
"October is Breast Cancer Awareness Month and so we
conducted a fresh life insurance pricing survey in order to
bring the good news to survivors of this disease that there is
a robust and competitive life insurance marketplace out
there," said LifeQuotes.com founder and CEO, Robert
Bland. "Our findings revealed that life insurance prices
for this class of customer are significantly below those of
five years ago when we last published our survey, especially
for women age 35 and above."
Assuming no other ratable health conditions, the chart
of sample monthly premiums below reveals the best possible
monthly prices for a 20 year, medically underwritten, level
term life policy that covers death by any cause, at any time,
in any place, except for suicide within the first two policy
years (one year in some states). The sample 20 year term life
policy is also renewable, without evidence of insurability, to
age 90+ and convertible to permanent insurance without having
to undergo any further underwriting.
20 Year Level Term Life, Sample
Female Monthly Premiums |
Age |
$100,000 |
$250,000 |
$500,000 |
$1,000,000 |
25-35 |
$13 |
$22 |
$30 |
$47 |
40 |
$16 |
$26 |
$40 |
$71 |
45 |
$21 |
$33 |
$58 |
$109 |
50 |
$27 |
$46 |
$85 |
$158 |
55 |
$37 |
$66 |
$124 |
$241 |
60 |
$57 |
$114 |
$221 |
$414 |
65 |
$99 |
$209 |
$392 |
$747 |
"We're featuring rates on the 20 year level term
policy because it is the No. 1 most popular customer choice at
LifeQuotes.com," said Robert Goss, Executive Vice
President. "Rates on a ten-year policy would cost less,
while rates for policies with 25, 30 or lifetime rate
guarantees would cost more," said Goss.
All of the sample premiums shown require a full
underwriting, which includes a signed application, a
paramedical interview and a review of the applicant's medical
records, driving record and financial needs. "Contrary to
popular opinion, high quality life insurance coverage is often
available to certain profile cancer survivors at attractive
rates," said Goss.
Life insurers vary widely on how they underwrite and
assess recovering breast cancer survivors, which underscores
the importance of shopping around and in dealing with an
agency that represents many companies. Life insurance above
$50,000 is generally available after the period of treatment
has ended:
- Cancer-free waiting periods ranged from none for low
grade carcinomas to ten years for localized inflammatory
breast cancer with the most common waiting period of one
year.
- While no companies would award their absolute lowest
"super preferred" rates, some would offer their
next-to-best rates.
- Applicants should expect to have their medical
treatment history and most recent pathology reports looked at
closely.
Instant life insurance quotes, with viewable underwriting
guidelines, are now available for anonymous viewing at rate.lifequotes.com.
Customers who want telephone advice and guidance can talk to
our licensed specialists by calling (800) 556-9393.
Survey Methodology
During the period of October 1 through October 15,
leading life insurers were polled as to how they underwrite
breast cancer survivors. Life insurance policies described,
quoted, shown and illustrated throughout this press release
may not be available in all states. 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; Pacific Life Insurance
Company, Omaha, NE, policy form ICC18 A18LYAP Protective Life
Insurance Company, Birmingham, AL, policy form ICC12-400 and
Protective Life and Annuity in NY under policy form PL-400-NY;
Pruco Life Insurance Company of New Jersey, Newark, NJ, policy
form ORD 96200-2010, member companies of Prudential Financial,
Inc., Newark, NJ; The Savings Bank Mutual Life Insurance
Company of Massachusetts, Woburn, MA, policy form ICC17-A-91
(SBLI and The No Nonsense Life Insurance Company are
registered trademarks of The Savings Bank Life Insurance
Company of Massachusetts, which is in no way affiliated with
SBLI USA Mutual Life Insurance Company, Inc.); Transamerica
Financial Life Insurance Company, Harrison, NY, policy form
APA 40NY-107 and Transamerica Life Insurance Company, Cedar
Rapids, IA, policy form APA401008T, both AEGON companies.
Breast Cancer Awareness Month (BCAM), also referred to
as National Breast Cancer Awareness Month (NBCAM), is an
annual international health campaign organized by major breast
cancer charities every October to increase awareness of the
disease and to raise funds into its cause, prevention,
diagnosis, treatment and cure. The campaign also offers
information and support to those affected by breast cancer.
Breast cancer awareness month is a yearly campaign that intend
educate people about the importance of early screening, test
and more. This campaign starts on October 1 and ends on
October 31 every year.
About Life Quotes, Inc.
LifeQuotes.com operates an Internet-based life insurance
exchange at rate.lifequotes.com. The company also
provides private label, co-branded life insurance technology
and fulfillment services to insurance companies, financial
institutions, affinity groups, banks, credit unions, property
& casualty agencies, trade associations and other affinity
groups with large customer bases. The company's proprietary
technology provides instant quotes and illustrations from 43
leading life insurers and enables a quick, paperless purchase
process. More than 360,000 people have purchased policies
through LifeQuotes.com since the firm's founding in 1984.
Visit lifequotes.com
for more information or to experience the life insurance
quoting experience online.
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Insurance Direct Marketing Association
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Money
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Web"
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