Press Releases

Life Quotes, Inc. News Release - 02/19/2018

CONTACT: Rob Goss, Executive Vice President
(630) 515-0170, ext. 460
rob@lifequotes.com

LifeQuotes.com Celebrates
350,000th Customer Milestone

Spearheading the InsureTech revolution in life insurance distribution, LifeQuotes.com continues to delight customers with instant, anonymous quotes, a 50-company database, a content rich comparative rating engine and streamlined underwriting

DARIEN, Illinois (February 19, 2018) – LifeQuotes.com, the online life insurance price comparison service that offers understanding, simplicity and savings to beleaguered life insurance shoppers, has today announced that Leanne Bobo of Copperas Cove, Texas has become its 350,000th policyholder.

"We're delighted to have Leanne on board as our 350,000th customer and even happier to hear that we were able to obtain coverage for her at a great price," said LifeQuotes.com founder and CEO, Robert Bland. "Leanne is a perfect example of how we help people with health conditions secure life insurance. We've solved the problems of customer confusion and manual, time-consuming shopping by bringing to market proprietary technology that yields instant quotes that are custom-tailored to the customer's individual health and lifestyle profile. Giving accurate quotes up front saves time and removes unwanted surprises later on."

Leanne remarked, "LifeQuotes was great. My goals were to cover last expenses and have some money left over for my family. After being declined and rated up at other life insurance websites due to my health history, I was frustrated and confused. LifeQuotes.com gave me instant quotes, a significant savings compared to other insurance websites and an easy purchase process. My monthly premium came in under budget and I secured the coverage I was seeking from an A+ rated insurance company."

Online Freedom

The LifeQuotes.com technology allows life insurance shoppers to obtain instant, comparative quotes from 50 leading life insurers ($5,000 to $25 million) on a private, anonymous basis and enables purchase from any company shown on a smooth, paperless basis. Today, 40% of LifeQuotes.com customers enjoy no-exam underwriting, which means they are able to skip the paramed exam. Quotes are available for both U.S. citizens and non-citizens.

More good news for life insurance shoppers. Rates are at or near all-time lows.

The chart below reveals current best prices for a healthy applicant with no ratable issues on a 10-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). Term life premiums rise after the initial rate guarantee period. Rates for 15, 20, 25, 30 years and lifetime are also available for instant viewing at www.lifequotes.com. Some term life policies allow conversion to permanent insurance without having to undergo further underwriting.

10 Year Term Life, Sample Monthly Premiums
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
18-35 $7 $9 $12 $19   18-35 $7 $9 $14 $22
40 $8 $11 $16 $25   40 $8 $12 $18 $29
45 $10 $15 $25 $42   45 $11 $17 $28 $47
50 $13 $20 $34 $61   50 $14 $24 $42 $74
55 $17 $29 $52 $95   55 $20 $38 $71 $129
60 $23 $42 $76 $140   60 $29 $60 $113 $214
65 $33 $67 $124 $300   65 $53 $104 $197 $373
70 $58 $108 $200 $374   70 $88 $180 $323 $610

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.

Past Accolades

  • 2017 Vision Award Winner, Life Insurance Direct Marketing Association (LIDMA)
  • "The premier Web site in terms of details and ease of use..." -- Yahoo! FINANCE
  • Named a "100 Most useful website" by MSN Money
  • Ranked #1 life insurance website by Kiplinger's
  • A+ Better Business Bureau rating
  • 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 Life Quotes, Inc.

Privately-held LifeQuotes.com operates an Internet-based insurance exchange for consumers at www.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 350,000 people have purchased policies through LifeQuotes.com. Visit www.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 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. Minnesota Life Insurance Company, St. Paul, MN, policy form F76777-15 and Securian Life Insurance Company, St. Paul, MN, policy form F58854-5, both Securian Financial companies. 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 of Omaha Life Insurance Company, Omaha, NE, policy form LAP1099, a Mutual of Omaha affiliate company.

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Copyright ©1984-2018 Life Quotes, Inc., 8205 South Cass Avenue, Suite 102, Darien, Illinois. Life Quotes, Inc. and certain of its personnel are licensed as insurance agents, brokers or producers in all states. CA agent #0A13858, LA agent #200696, MA agent #1746830. CA under agency #0827712 dba Quotes for Life Insurance Agency, LA agency #205078 dba Life Quotes Inc, UT agency #90093. All rights reserved. Telephone (630) 515-0170. Founded 1984.