Darien, IL (April 25, 2023) – LifeQuotes.com, the privately-held online Insurtech that offers comparative life insurance quotes from 50 leading insurers and allows customers to purchase from the company of their choice, today announced completion of its 13th consecutive year of profitability, a record first quarter profit, surpassing 125,000 direct customer reviews with a 4.7 Star average rating and 2,000 Google reviews averaging 4.8 Stars.
Executive vice president, Brian Bland, remarked, “Making instant quotes available to life insurance shoppers is the hallmark of the LifeQuotes.com business model. Backing up that advanced technology is a core group of caring agents, case managers, technologists and support staff who are responsible not only for these stellar ratings but also for us being able to achieve record first quarter profits coming on the heels of 13 consecutive years of profitability. We’re very excited and bullish about the future of the Insuretech sector.”
The LifeQuotes platform provides shoppers with term life, whole life, universal life and final expense life insurance quotes ranging from $5,000 to $25 million. The company serves two consumer target markets within the life insurance sector: Moms and dads who have dependents and/or financial obligations whose term life policies average $500,000 and older Americans who buy permanent burial and final expense policies that average $15,000 in coverage. The company also provides telephone sales and fulfillment services for larger organizations.
“We’re very excited to announce these milestones and to have earned such a glowing report card from our customers,” said vice president of sales, Michelle Zieba. “Our obsession with delivering a smooth and highly transparent insurance buying process is paying off handsomely.”
Zieba continued, “Our focus on helping our customers find the right policy at the absolute lowest price is a simple but effective formula and we pride ourselves on being able to help, not only the healthiest of applicants, but also those who have health histories including heart disease, cancer, MS, sleep apnea, anxiety and depression. Our 50-company database has underwriting guidelines built-in, which allows us to give accurate quotes from the start.”
Bland continued, “Today, half our policy sales are sold on an instant decision or no-exam basis, which underscores how the market for life insurance is changing. Life insurance shoppers want a fast and easy process in one sitting and we have dedicated our company to fulfilling that need.”
Life Insurance Rates Remain at All-Time Lows
The chart of sample monthly premiums below reveals the best possible monthly prices for a 10-year term life policy for an applicant in good health. Most 10-year term life policies are renewable, without evidence of insurability, to age 90+ and also convertible to permanent insurance without having to undergo further underwriting. Other initial rate guarantee periods such as 15, 20, 25, 30 years and longer are also available at www.lifequotes.com as are Universal Life and Whole Life, both of which can provide a level death benefit and level premiums for life.
| Best 10-Year Term Life Rates | |||||||||
| Best Female Monthly Rates | Best Male Monthly Rates | ||||||||
| Age | $100,000 | $250,000 | $500,000 | $1,000,000 | $100,000 | $250,000 | $500,000 | $1,000,000 | |
| 25-35 | $7 | $9 | $11 | $16 | $7 | $10 | $13 | $20 | |
| 40 | $8 | $11 | $15 | $22 | $8 | $12 | $17 | $24 | |
| 45 | $10 | $15 | $24 | $38 | $11 | $17 | $27 | $46 | |
| 50 | $13 | $21 | $33 | $57 | $14 | $24 | $41 | $69 | |
| 55 | $18 | $28 | $50 | $90 | $20 | $37 | $67 | $119 | |
| 60 | $24 | $41 | $73 | $133 | $30 | $65 | $114 | $195 | |
| 65 | $35 | $66 | $122 | $216 | $44 | $102 | $191 | $340 | |
| 70 | $57 | $109 | $197 | $366 | $87 | $178 | $317 | $555 | |
| 75 | $98 | $239 | $454 | $771 | $139 | $333 | $639 | $1,210 | |
The LifeQuotes.com proprietary technology enables anonymous quoting, a comparative selection of 50 insurers’ rates with underwriting guidelines disclosed, instant-decision underwriting and online buying capability all backed by caring advisors who are trained to assist and inform without any sales pressure.
The following chart shows the best possible immediate-coverage burial and final expense policy prices for select coverage amounts of $10,000 to $25,000. Zieba continued, “Today’s most popular burial and final expense policies offers guaranteed level premiums for life and coverage that cannot ever decrease. Customers who want quotes and advice by phone can talk to our licensed specialists by calling (800) 556-9393.”
| Best Burial and Final Expense Policy Rates Coverage is Immediate, Premiums Stay Level for Life | |||||||||
| Best Female Monthly Rates | Best Male Monthly Rates | ||||||||
| Age | $10,000 | $15,000 | $20,000 | $25,000 | $10,000 | $15,000 | $20,000 | $25,000 | |
| 25-35 | $17 | $20 | $30 | $29 | $21 | $29 | $37 | $32 | |
| 40 | $20 | $21 | $35 | $33 | $24 | $34 | $44 | $37 | |
| 45 | $23 | $24 | $42 | $39 | $27 | $39 | $50 | $43 | |
| 50 | $24 | $28 | $45 | $55 | $31 | $43 | $56 | $51 | |
| 55 | $28 | $32 | $52 | $90 | $36 | $52 | $69 | $85 | |
| 60 | $33 | $35 | $63 | $68 | $44 | $64 | $84 | $77 | |
| 65 | $41 | $60 | $79 | $98 | $56 | $82 | $107 | $133 | |
| 70 | $53 | $78 | $103 | $128 | $72 | $106 | $140 | $174 | |
| 75 | $72 | $107 | $142 | $176 | $100 | $148 | $196 | $243 | |
