LifeQuotes.com Announces Major Enhancements to its Comparative Life Insurance Rater, New Innovations Empower Life Insurance Shoppers to Make Smarter Decisions
"We know that today's life insurance shoppers have a lot on their minds," said LifeQuotes.com founder and CEO,
The functional enhancements being announced today pertain to the company's desktop and tablet platforms.
Features available to LifeQuotes.com visitors include:
- Anonymous, instant quotes guarantee customer privacy and ability to window shop at ease and on your schedule. Credentialed counselors are here to guide you when you ask for advice or help, but none will call at dinner time.
- A 43-company database that includes term life up to
$25 million , no-exam plans up to$2.5 million , , guaranteed-for-life universal life and whole life policies that provide level death protection and level premiums for life, no-exam burial policies up to$25,000 and instant-issue, no-exam accident-only policies. - Customers are offered the convenience of no-exam underwriting, digital applications with voice and e-signature depending upon each insurer's service model.
- For those plans that do require a paramedical interview, our speedy application management process results in 80% of policy deliveries in under 35 days, which is significantly better than industry averages.
Improved Rater Delivers Better Accuracy
- The Tobacco Use selector now includes categories for those who use marijuana
- New questions about government assistance and credit issues will filter out plans that do not accept such applicants
- A new and improved citizenship question now includes categorizes for many types of Visas including no
Visa - Expanded health questions improve quote accuracy on some 35 common illnesses including diabetes, heart disease, cancer, sleep apnea, anxiety and many more. Being able to accurately quote these customers from the start helps avoid later delays, rate-ups and declines.
Life insurance premiums fall to all-time lows
The following annual sample annual premiums were obtained from a survey completed by Lifequotes.com of 50 leading life insurance companies as of
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Female Annual Premiums |
Male Annual Premiums |
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Age |
10 Year |
20 Year |
30 Year |
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10 Year |
20 Year |
30 Year |
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30 |
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30 |
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35 |
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35 |
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40 |
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40 |
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45 |
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45 |
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50 |
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55 |
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"Because 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.
Economic 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 beneficiary.
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Female Annual Premiums |
Male Annual Premiums |
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Age |
10 Year |
20 Year |
30 Year |
Age |
10 Year |
20 Year |
30 Year |
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30 |
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30 |
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35 |
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45 |
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50 |
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55 |
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Female Annual Premiums |
Male Annual Premiums |
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Age |
10 Year |
20 Year |
30 Year |
Age |
10 Year |
20 Year |
30 Year |
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30 |
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30 |
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35 |
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35 |
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40 |
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45 |
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55 |
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When it comes to life insurance, many
Past Accolades:
- "2017 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 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
Survey Methodology
Life insurance policies described, quoted, shown and illustrated throughout this press release may not be available in all states. Policies examined include
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 43 leading life insurers and enables a quick, paperless purchase process . More than 360,000 people have purchased policies through LifeQuotes.com since the firm's founding in 1984. Visit lifequotes.com for more information or to experience the life insurance quoting experience online.
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SOURCE LifeQuotes.com
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