Life Quotes, Inc. Announces 275,000th Customer Milestone

Internet insurance agency's growth and focus is serving self-directed insurance buyers. Today's busy insurance shoppers value selection, savings, simplicity and the security of buying only from highly-rated insurance companies

News provided by

Life Quotes, Inc.

Jun 07, 2011, 05:30 ET

DARIEN, Ill., June 7, 2011 /PRNewswire/ -- Life Quotes, Inc., the Internet life insurance brokerage that provides instant quotes from 30 leading insurers and allows its visitors to buy from any company shown, announced the addition of its 275,000th customer.

"We've come a long way since our founding in 1984, much further than we had envisioned," said founder and CEO, Robert Bland. "Clearly, the self-directed insurance shopper has emerged and will no doubt represent an entire new class of customer for the insurance industry. We're pleased to have played a pioneering role over the past 27 years and we're looking forward to our next 27 years with equal enthusiasm. Our mission is to make the insurance shopping process faster and simpler and the signing of our 275,000th customer is a mighty exciting milestone for us."

Tawana Vines, of Alabaster, Ala., purchased a $250,000, 30-year term life insurance policy for her loved ones after her stepfather passed away.

"I only have life insurance through my job and I didn't think about it that much until I lost my stepdad and realized that I needed to supplement my current life insurance," said Vines. "After I sent my information to the Life Quotes, Inc. website I was impressed by the number of insurance companies I could work with and the level of options presented to me. I spoke with a Life Quotes phone agent who walked me through the quotes and the application process."

Life Quotes recommends a minimum of 10 times your annual income in total life insurance, especially now given that term life rates have just dropped to all-time lows.

A standard term life insurance policy, which comes in varying initial rate guarantees of 10, 15, 20, 25 and 30 years, remains the most popular and affordable life insurance coverage available today. Moreover, term life prices have been dropping for about 12 consecutive years now.

Term life insurance is easy to understand: it pays for death by any cause at any time in any place, except for death by suicide within the first 2 policy years (1 year in some states) or fraud on the application.

Most term life policies are convertible to permanent insurance and/or extendable beyond the initial rate guarantee period without the insured having to take another medical exam.

For instance, a 35 year-old female who does not smoke and is in good health can get a $100,000 term life insurance policy for just $7 a month. A healthy, non-smoking 35 year-old male can get $500,000 in term life coverage for only $15 a month.

Vines was so impressed with the help she received at Life Quotes, Inc. and her new life insurance carrier, she came back to the website looking for deals for her mother.

"You are never prepared for death and after my mother had so many problems with her current provider, especially after my stepfather died, I wanted to find her a better company to work with," said Vines. "I had such a good experience working with Life Quotes, Inc. that we plan to take out another policy through them."

About Life Quotes, Inc.

Originally founded in 1984, Life Quotes, Inc. owns and operates a comprehensive consumer information service and companion insurance brokerage service that caters to the needs of self-directed insurance shoppers. Visitors to the Company's website, www.lifequotes.com, are able to obtain instant car, life, health, home and business insurance quotes, and have the freedom to buy online or by phone from any company shown. Life Quotes, Inc. generates revenues from receipt of industry-standard commissions, including back-end bonus commissions and volume-based contingent bonus commissions that are paid by participating insurance companies. We also generate revenues from the sale of website traffic and insurance leads to various third parties.

SOURCE Life Quotes, Inc.