Goss, Executive Vice President
(630) 515-0170, ext.
Insurance Rates Fall to All-Time Lows; Great Deals Abound For
Life Insurance Shoppers
Illinois (February 17, 2016) -
Lifequotes.com, the online, paperless life insurance
exchange, announced today the results of a new survey of 50
leading life insurance companies that confirms life
insurance rates are now at all-time lows.
a 15 year trend, life insurance rates are now at all-time
lows," said Rob Goss, executive vice president. "In
addition to low prices, we've even seen a loosening of some
underwriting guidelines in recent years. By providing
instant quotes from up to 50 leading companies, and allowing
customers to buy online in total privacy, Lifequotes.com is
dedicated to simplifying and speeding up the process of
buying life insurance."
example, some of the lowest premiums include:
A 30 year-old female who stands up to 5'8" in height and weighs
as much as 190 lbs. can now buy a $250,000, 10-year term life
policy for only $102 per year.
A 40 year-old female with a cancer death in her immediate
family history can buy $250,000 of 30-year level term
insurance for just $299 per year.
A 50 year-old male can buy a $500,000, 20-year term life policy
for $924 per year, even if he smokes a cigar during his
weekly golf outing.
A 55 year-old male whose blood pressure is controlled by
medication can now buy $1 million of 20-year term life
insurance for only $2,743 per year.
A following annual sample annual premiums were obtained from a
survey completed by Lifequotes.com of 50 leading life
insurance companies as of February 2016.
life premiums are at or near historic lows, buyers can now
lock-in great rates for their choice of ten to thirty years.
And we also offer lifetime policies that feature level death
benefits and level premiums for life," Goss continued.
uncertainties have made the need for basic life insurance
more important than ever because personal life insurance
proceeds are generally not taxed as income to the
it comes to life insurance, many U.S. adults are uninsured or
underinsured. According to the Life Insurance Market Research
Association (LIMRA), a whopping 30 percent of U.S. households
(35 million) do not have any life insurance and only 44
percent of U.S. households own an individual life insurance
policy. Individual life insurance sales are currently at a
advises that it is important to obtain the advice of a
competent, licensed insurance agent and have a full
understanding of what the conversion and/or renewability
privileges are for the policy you are considering.
to the Life and Health Insurance Foundation for Education (www.lifehappens.org),
the cost of basic term life insurance has fallen by about 50
percent over the past decade.
polled 50 leading U.S. life insurance companies to find the
best rates available on the popular $250,000, $500,000 and $1
million term life insurance policies. All companies polled
are rated either "Excellent" or "Superior" by A.M. Best
Company, an independent rating organization. The sample
applicants do not use tobacco and range from 30 to 55 years
of age. The tables above contain the lowest possible rates
found for the 10, 20 and 30-year level term life policies for
a sample California resident.
premiums and coverage availability will vary depending upon
age, sex, state availability, hazardous activities, personal
history and family health history. The sample, California
non-tobacco use premiums shown above, may include: American
General Life Insurance Company, Houston, TX, form 07007;
Protective Life Insurance Company, Birmingham, AL,
form UL-17; MetLife Insurance Company USA, a subsidiary
of MetLife, Inc, Irvine, CA, form #5E-21-04; Savings Bank
Life Insurance Company of Massachusetts, Woburn, MA,
forms B36 and B46 series; Transamerica
Life Insurance Company, Cedar Rapids, IA, form 1-304
06-107; American National Insurance Company, Galveston, TX,
form ICC0910193; North American Company for Life & Health
Insurance, Chicago, IL, Policy # LS174. Actual policy forms
may vary by state. California and Utah dba Life Quotes
Insurance Services, Inc.: CA #0827712, #OA13858; UT #90093.
Some premiums shown may be for universal life insurance
policies with term-like premium and death benefit guarantees.
Term life premium rates always escalate after initial rate
guarantee period. All sample rates shown are
effective February 8, 2016, and subject to change, state
availability or withdrawal without notice.
Now in its 32nd year, Lifequotes.com provides an
online life insurance exchange that serves middle-market
consumers and industry sales professionals. The
exchange, which has placed 325,000 policies, enables shoppers
to view instant quotes from up to 50 insurers and by buy
online or by phone. The Lifequotes.com
technology provides an unparalleled comparative
shopping experience, which includes instant quotes,
illustrations that disclose actual underwriting acceptance
guidelines, application creation & routing, customer
updates, case management, policy delivery and follow-on
contact. Life insurance policies quoted include both
no-exam and exam-required via desktop or mobile.
Customers can view term life, whole life, universal life,
final expense and accidental death policies ranging from
$3,000 to $25 million.