LifeQuotes.com: In Honor of Breast Cancer Awareness Month, a Review of Life Insurance Alternatives Available to Recovering Breast Cancer Patients

DARIEN, Ill., Oct. 14, 2019 /PRNewswire/ -- LifeQuotes.com, the life insurance price comparison service that offers instant quotes from 43 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 recovering breast cancer patients.

"October is Breast Cancer Awareness Month and so we conducted a fresh life insurance pricing survey in order to bring the good news to survivors of this disease that there is a robust and competitive life insurance marketplace out there," said LifeQuotes.com founder and CEO, Robert Bland. "Our findings revealed that life insurance prices for this class of customer are significantly below those of five years ago when we last published our survey, especially for women age 35 and above."

Assuming no other ratable health conditions, the chart of sample monthly premiums below reveals the best possible monthly prices for 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 policy is also renewable, without evidence of insurability, to age 90+ and convertible to permanent insurance without having to undergo any further underwriting.

"We're featuring rates on the 20 year level term policy because it is the No. 1 most popular customer choice at LifeQuotes.com," 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 full underwriting, which includes a signed application, a paramedical interview and a review of the applicant's medical records, driving record and financial needs. "Contrary to popular opinion, high quality life insurance coverage is often available to certain profile cancer survivors at attractive rates," said Goss.

Life insurers vary widely on how they underwrite and assess recovering breast cancer survivors, which underscores the importance of shopping around and in dealing with an agency that represents many companies. Life insurance above $50,000 is generally available after the period of treatment has ended:

• Cancer-free waiting periods ranged from none for low grade carcinomas to ten years for localized inflammatory breast cancer with the most common waiting period of one year.
• While no companies would award their absolute lowest "super preferred" rates, some would offer their next-to-best rates.
• Applicants should expect to have their medical treatment history and most recent pathology reports looked at closely as a part of the underwriting process.

Instant life insurance quotes, with viewable underwriting guidelines, are now available for anonymous viewing at www.lifequotes.com. Customers who want telephone advice and guidance can talk to our licensed specialists by calling (800) 556-9393.

Survey Methodology

During the period of October 1 through October 15, leading life insurers were polled as to how they underwrite breast cancer survivors. 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; 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 Life Insurance Company of Massachusetts, which is in no way affiliated with SBLI USA Mutual Life Insurance Company, Inc.); 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.

Breast Cancer Awareness Month (BCAM), also referred to as National Breast Cancer Awareness Month (NBCAM), is an annual international health campaign organized by major breast cancer charities every October to increase awareness of the disease and to raise funds into its cause, prevention, diagnosis, treatment and cure. The campaign also offers information and support to those affected by breast cancer.

Breast cancer awareness month is a yearly campaign that intend educate people about the importance of early screening, test and more. This campaign starts on October 1 and ends on October 31 every year.

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.

SOURCE LifeQuotes.com

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