LifeQuotes.com achieves completion of SOC 2 – Type II Audit

DARIEN, Illinois (April 24, 2017) – LifeQuotes.com, the online life insurance exchange that offers instant quotes from 50 leading life insurance companies, today announced that it recently achieved its first-ever Service Organization Control (SOC) 2 – Type II Audit, which dealt with suitability of design and operating effectiveness regarding security, availability and confidentiality. The independent examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.

The SOC 2 Audit is designed to assess a company’s information security measures in light of today’s demanding marketplace requirements.

“LifeQuotes.com is well-positioned in today’s rapidly-changing online insurance landscape,” remarked Robert Bland, CEO. “An exciting digital upheaval and modernization is underway in the life insurance marketplace. Achieving the coveted SOC 2 – Type II Audit is one way that we are positioning our company to participate in additional strategic marketing partnerships in which trust, customer privacy and controls are paramount.”

LifeQuotes.com has designed and brought to market an online, paperless life insurance quotation and policy placement platform which affords consumers maximum savings. The Company also operates co-branded, online life insurance exchanges on behalf of other organizations and institutions that have large customer or membership bases.

Rob Goss, Executive Vice President, said, “It’s gratifying to achieve the rigorous SOC 2 – Type II audit at the same time as we continue to enhance our digital offerings to accommodate an increasing number of customers who want to buy online. An online life insurance purchase is at the fintech intersection of selection, speed and convenience. Our culture has always been to move thoroughly address control issues, starting with the convenience of anonymous quoting.”

About the SOC 2 Audit

SOC 2, a certification established by the American Institute of Certified Public Accountants (AICPA), evaluates companies on their Trust Services Principles and Criteria, including security, availability, processing integrity, confidentiality, and privacy of their data management systems. It has become an industry standard for cloud-based technology companies and is the same standard held by Amazon Web Services and Google that validates the security of their infrastructure.

Lifequotes.com underwent in-depth assessment by a third-party auditor to confirm compliance with this standard. The process requires comprehensive, written documentation of information security policies and procedures in addition to a technology examination that proves a company’s ability to maintain these standards over time.

Past Accolades for LifeQuotes.com

  • 2023: LifeQuotes.com reaches 410,000 customers 
  • 2023: LifeQuotes.com celebrates 130,500 Home Page Customer Reviews averaging 4.68 Stars 
  • 2023: LifeQuotes.com celebrates 2,300 Google Reviews averaging 4.8 Stars 
  • "Life Insurance Innovation" award winner... Life Insurance Direct Marketing Association 
  • "The premier Web site in terms of details and ease of use..." -- Yahoo! FINANCE 
  • Twice Ranked #1 life insurance website by Kiplinger's 
  • Named a "100 Most useful website" by MSN Money 
  • Past Winner: Forbes' "Best of the Web" 
  • "The best website 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 

Survey Methodology

Fifty leading life insurers rated “A” or better were polled as to how they underwrite breast cancer survivors for a California resident. Rates may differ in New York. 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; Haven Life, a subsidiary of Massachusetts Mutual, Springfield, MA, policy form ICC19PCM-SI 0819; 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 Mutual Life Insurance Company of Massachusetts, 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. 

About LifeQuotes.com

LifeQuotes.com operates an Internet-based life insurance exchange at www.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 50 leading life insurers and enables a quick, paperless purchase process . More than 400,000 people have purchased policies through LifeQuotes.com since the firm’s founding in 1984. Visit lifequotes.com for more information or to explore the life insurance quoting experience online.