CONTACT:
Rob
Goss, Executive Vice President
(630) 515-0170, ext.
460
rob@lifequotes.com
LifeQuotes.com: Life Insurance Rates
for Diabetics Fall to All-Time Lows
Westmont, Illinois (November 01, 2017) –
LifeQuotes.com, the online life insurance price comparison
service that offers instant quotes from 50 respected life
insurers and allows customers to buy from any company shown,
today released the results of a new life insurance survey that
confirms a wide range of cost-effect life insurance plans for
individuals with controlled diabetes and that rates for
diabetics are at all-time lows.
According to the American Diabetes Association, nearly
30.3 million Americans or 9.4% of the population had diabetes
in 2015. Another 84.1 million age 18 and older have
pre-diabetes and are at risk for developing type 2 diabetes.
"These are the lowest life insurance rates we've
seen in the 25 years we've been tracking such rates. We
conducted a fresh survey in preparation for November in
recognition of National Diabetes Month and the results show
that a robust and competitive life insurance marketplace
exists for individuals with diabetes who are stable and
compliant with their doctor's instructions," said
LifeQuotes.com founder and CEO, Robert Bland. "We hope
that our findings will help individuals affected by diabetes
who are also searching for the best buys in life
insurance."
Assuming no other ratable health conditions, the chart
below reveals the best possible monthly prices for type 2
diabetic on 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 rates
shown require initial medical underwriting and are also
renewable, without evidence of insurability, to age 90+ and
some plans are convertible to permanent insurance without
having to undergo any further underwriting.
Sample 20 Year Term Life
Premiums for Type 2 Diabetics |
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 |
25 |
$10 |
$21 |
$31 |
$55 |
|
25 |
$12 |
$22 |
$38 |
$67 |
30 |
$12 |
$23 |
$33 |
$59 |
|
30 |
$12 |
$23 |
$39 |
$70 |
35 |
$12 |
$23 |
$39 |
$71 |
|
35 |
$14 |
$25 |
$44 |
$80 |
40 |
$16 |
$29 |
$48 |
$88 |
|
40 |
$18 |
$33 |
$60 |
$113 |
45 |
$21 |
$40 |
$73 |
$135 |
|
45 |
$26 |
$52 |
$94 |
$180 |
50 |
$28 |
$51 |
$93 |
$173 |
|
50 |
$24 |
$66 |
$124 |
$237 |
55 |
$38 |
$73 |
$138 |
$264 |
|
55 |
$52 |
$99 |
$191 |
$360 |
60 |
$59 |
$120 |
$229 |
$436 |
|
60 |
$84 |
$169 |
$327 |
$621 |
65 |
$103 |
$217 |
$407 |
$777 |
|
65 |
$149 |
$303 |
$600 |
$1,181 |
Robert Goss, Executive Vice President, said, "The 20 year
level term policy is our #1 seller. Other rate guarantee plans
such as 10, 15, 25, 30 year and level-for-life are available
at rate.lifequotes.com."
All of the sample premiums shown require a signed
application, a paramedical interview, a review of the
applicant's medical records, and acceptance by each
underwriting company. "It's clear to see that
peace-of-mind coverage is available to diabetic applicants at
very attractive rates," said Goss.
According to the CDC, there are two main types of
diabetes: type 1 and type 2. Type 1 develops when the immune
system destroys pancreatic beta cells - the only cells in the
body that make insulin, a hormone that controls blood sugar.
People with type 1 diabetes typically receive regular insulin
via injection or pump. Type 1 diabetes usually strikes
children and young adults, and accounts for around 5 percent
of diabetes in the adult population.
The other 90-95% of diagnosed diabetes cases in the US
adult population is of type 2, which usually starts as insulin
resistance, where cells cannot use insulin properly, and
eventually the pancreas loses its ability to make it.
Life insurers vary widely on how they underwrite and
assess those with diabetes, which underscores the importance
of shopping around and in making sure to deal with a
knowledgeable agency that represents many insurers.
Instant life insurance quotes for both type 1 and type 2
diabetics are available at rate.lifequotes.com.
Customers can now quote anonymously and buy online in total
privacy or obtain personalized service and advice from our
licensed phone agents.
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 Continental
Insurance Company, Brentwood, TN, policy form ACIFE01732;
American National Insurance Company, Galveston, TX, policy
form ART 12; 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; Brighthouse Life Insurance Company of
Charlotte, NC, policy form 5E-21-04 and Brighthouse Life
Insurance Company of NY of New York, NY, policy form
1E-23-12-NY, both a part of Brighthouse Financial. 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,
Pacific Life Insurance Company of Newport Beach, CA, policy
form P16YLT. North American Company for Life & Health
Insurance, Chicago, IL, policy form LS174; 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; 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 Financial Life Insurance Company,
Harrison, NY, policy form 3-304 38-111 and Transamerica Life
Insurance Company, Cedar Rapids, IA, policy form 1-304 11-107,
both AEGON companies; United Farm Family Life Insurance
Company, Indianapolis, IN policy forms 18-376, 18-466; United
Home Life Insurance Company, Indianapolis, IN policy forms
200-379, 200-466. United of Omaha Life Insurance Company,
Omaha, NE, policy form LAP1099, a Mutual of Omaha affiliate
company.
About Life Quotes, Inc.
Privately-held LifeQuotes.com operates an Internet-based
insurance exchange for consumers at rate.lifequotes.com. The
company's proprietary technology provides instant quotes and
illustrations from 50 leading life insurers and enables a
quick, paperless purchase process. Life Quotes also provides
quotes for auto, home, disability and Medicare supplement
plans. The company also provides co-branded life insurance
technology and fulfillment services to insurance companies,
financial institutions, banks, credit unions, property &
casualty agencies, trade associations and other affinity
groups with large customer bases. More than 345,000 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.
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