Press Releases

Life Quotes, Inc. News Release - 11/06/2014 Has Good News For Diabetics: Life Insurance Alternatives Abound

DARIEN, Illinois (November 06, 2014) –, the life insurance price comparison service that offers instant quotes from 47 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 individuals with diabetes.

According to the American Diabetes Association, nearly 30 million people in the US have diabetes. Another 86 million have pre-diabetes and are at risk for developing type 2 diabetes.

"We conducted a fresh survey in honor of National Diabetes Month and the results show a robust, competitive life insurance marketplace for individuals with diabetes who are stable and compliant with their doctor's instructions," said founder and CEO, Robert Bland. "We hope that our findings will help individuals affected by diabetes, which now includes 12 percent of the U.S. adult population."

Assuming no other ratable health conditions, the charts of sample monthly premiums reveal the best possible monthly prices for type 2 diabetic considering 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+ as well as convertible to permanent insurance without having to undergo any further underwriting.

20 Year Level Term (Renewable to age 90+)
Sample Monthly Rates for
Women with Type 2 Diabetes
  Sample Monthly Rates for
Men with Type 2 Diabetes
Age $100,000 $250,000 $500,000 $1,000,000   Age $100,000 $250,000 $500,000 $1,000,000
25 $14 $22 $33 $58   25 $14 $25 $40 $70
30 $13 $23 $34 $63   30 $14 $25 $41 $74
35 $14 $25 $41 $77   35 $15 $28 $46 $85
40 $17 $31 $53 $100   40 $19 $35 $63 $119
45 $22 $42 $78 $142   45 $27 $54 $99 $189
50 $28 $51 $96 $180   50 $36 $67 $130 $251
55 $38 $74 $142 $269   55 $53 $104 $203 $375
60 $60 $121 $236 $440   60 $87 $172 $339 $648
65 $102 $214 $423 $795   65 $155 $306 $607 $1,206

"The No. 1 most popular customer choice at is the 20 year level term and so we felt that exhibiting available premiums for this policy would be informative," 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 signed application, a paramedical interview, a review of the applicant's medical records, and acceptance as respects each company's individual underwriting guidelines. "It's clear to see that high quality coverage is available to certain profile 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 dealing with an agency that represents many companies.

Instant life insurance quotes for both type 1 and type 2 diabetics, with viewable underwriting guidelines, are available at Customers can now quote and buy online in total privacy or obtain personalized service and advice from our licensed phone agents by calling (630) 515-0170.

"To better service the needs of customers who have serious illness histories, has developed a unique, private shopping service that enables us to anonymously submit applicant information to various life insurers on a private, informal basis to obtain preliminary opinions as to acceptability and rates," said vice president Michelle Zieba. "The advantage of this unique system is that it preserves the privacy of the applicant and is not considered by the industry to be a formal application."

Survey Methodology

During the period of October 30th through November 5th, leading life insurers were polled as to how they underwrite diabetes. 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; Companion Life Insurance Company, Hauppauge, NY, policy form LAP1099, and United of Omaha Life Insurance Company, Omaha, NE, policy form LAP1099, both Mutual of Omaha affiliate companies; Fidelity Life Association, A Legal Reserve Life Insurance Company, Oak Brook, IL, policy form F4000; Genworth Life and Annuity Insurance Company, Lynchburg, VA, policy form 1420(96); The Independent Order of Foresters, Buffalo, NY, policy form ICC13 770620 US 10/13; 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; First MetLife Investors Insurance Company, New York, NY policy form 1E-23-12-NY, MetLife Investors USA Insurance Company, Irvine, CA, policy form 5E-23-12 and Metropolitan Life Insurance Company, New York, NY, policy form 1E-23-12-NY, all three members of the MetLife family; 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; Reliastar Life Insurance Company, Minneapolis, MN, policy form 1315-02/10, Reliastar Life Insurance Company of New York, Woodbury, NY, policy form 3314-02/10; The Savings Bank 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 Life Insurance Company of Massachusetts, which is in no way affiliated with SBLI USA Mutual Life Insurance Company, Inc.); Starmount Life Insurance Company, Baton Rouge, LA, policy form ICC13-35-001; 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.

About Life Quotes, Inc. operates an Internet-based life insurance exchange at 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 47 leading life insurers and enables a quick, paperless purchase process. More than 300,000 people have purchased policies through since the firm's founding in 1984. Visit for more information or to experience the life insurance quoting experience online.


FOR RELEASE at 11 AM Eastern Time, Thursday, November 06, 2014

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

Copyright ©1984-2019 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.