Press Releases

Life Quotes, Inc. News Release - 07/18/2016

CONTACT: Rob Goss, Executive Vice President
(630) 515-0170, ext. 460 announces first-ever college tuition scholarship program for eligible Hinsdale Township High School District 86 area students


DARIEN, Illinois (July 18, 2016) -, the online life insurance exchange that offers instant quotes from 50 life insurance companies, has announced its first-ever college tuition scholarship program that targets high school and college students who reside within the Hinsdale Township High School District 86 boundary.

The scholarship program is designed to assist current college or college-bound students who have had a parent or guardian die without life insurance or without an adequate amount of life insurance.

Eligible students can submit their 500-word essay or 3-minute video to between now and August 19, 2016. The staff will then read and vote to determine the most worthy candidate for the 2016-2017 school year. The winner will be announced on Monday, August 26, 2016. Essays should address how the student and family handled the financial hardship. Entry instructions and details are available at

"Our new scholarship program will pay a $10,000 scholarship for the 2016-2017 school year and is targeting families who have experienced the devastating hardship of having too little life insurance," said founder and CEO, Robert Bland. "We've been happy corporate citizens in Darien since 1991 and I'm a proud alumnus of Hinsdale Central High School so it seems right to kick off our first-ever scholarship program by initially limiting its scope to the District 86 community. Industry statistics show that a shocking 30% of adults who are responsible for children do not have adequate life insurance."

Life insurance prices are now at all-time lows

The chart below shows sample monthly rates for healthy females and males, who have no ratable health impairments, for a 10 year level term life policy that is renewable to age 95. Initial level rate guarantee periods of 15, 20, 25, 30 and lifetime are also available.

Sample Term Life Insurance Rates, 10 Year Initial Rate Guarantee

Female Monthly Rates


Male Monthly Rates

Age $100,000 $250,000 $500,000 $1,000,000   Age $100,000 $250,000 $500,000 $1,000,000
25 $7 $9 $12 $19   25 $7 $10 $14 $21
30 $7 $9 $12 $19   30 $7 $10 $14 $21
35 $7 $9 $13 $20   35 $7 $10 $14 $22
40 $8 $11 $17 $26   40 $8 $12 $18 $29
45 $10 $15 $25 $43   45 $11 $17 $29 $48
50 $13 $20 $36 $63   50 $14 $24 $42 $75
55 $17 $29 $52 $95   55 $20 $38 $71 $130
60 $23 $42 $76 $140   60 $29 $60 $113 $215
65 $34 $67 $124 $230   65 $53 $105 $200 $374

Executive Vice President, Rob Goss, remarked, "The financial devastation that a premature death can cause to an unprepared family is staggering. According to the Life Insurance Market Research Association (LIMRA), 30% of Americans state that they need more life insurance, and those that have no life insurance have wildly inflated ideas of what the true cost is. This combination of inadequacy and ignorance can set the stage for a family financial disaster when a breadwinner or caretaker dies without having a proper amount of life insurance in place. The irony in all of these cases is that life insurance today costs so little."

Financial planners typically recommend that family breadwinners with dependents carry no less than ten times their annual income in total life insurance and that a non-working caregiver with dependents carry a minimum of $300,000.

The life insurance policies listed at cover death by any cause at any time in any place, subject to normal two-year suicide exclusion. Available policies include term life plans that are renewable to age 95 as well as permanent plans that offer level premiums and level coverage for life. reminds shoppers that the underwriting process for certain life insurance policies can often entails third party database lookups, including the Medical Insurance Bureau (MIB), past medical records, prescription drug use history, driving record and other data sources. We urge all customers to be truthful in their answers to the application questions because it is a crime in all 50 states to misrepresent or withhold information on an insurance application.

Many life insurance plans now offer a paperless buying process and utilization of e-signature and/or voice signature on coverage amounts up to $500,000.

This scholarship program is being conducted solely by and without the endorsement, aid or assistance of Hinsdale High School District 86 or any other entity. There is no purchase requirement and eligible student-applicants who reside within the District 86 area can be enrolled in either public or private schools. staff and their family members are excluded from participation. Complete details are available at



Privately-held online insurance pioneer operates an insurance exchange at The company developed and brought to market the ability to buy term life insurance online in 2001. also provides private label life insurance technology, branded websites and direct market fulfillment services to banks, credit unions, affinity groups, trade associations and other membership groups with large customer bases. The company's proprietary technology provides instant quotes and illustrations from up to 50 leading life insurers that enables a quick, paperless purchase process. More than 325,000 people have purchased policies through since the firm's founding in 1984. Visit for more information or to experience the instant life insurance quoting experience online. Copyright 1984-2016 Life Quotes, Inc. All rights reserved.

Actual plan availability depends upon your age, state of residence, weight, overall health and other factors. Plans are not available in all states. The term life policies described herein are underwritten by one or more of the following companies: American National Insurance Company, Galveston, TX under Policy Form # KC0910193 and state variations; Fidelity Life Association, Chicago, IL, under Policy Form # F3600 and state variations; Independent Order of Foresters, Toronto, ON, under Policy Form # ICC73 770620 US and state variations; Life Insurance Company of the Southwest, Addison, Texas under Policy Form # ICC12-20112 or state variations; Minnesota Life Insurance Company, a Securian Company, St. Paul, MN, under Policy Form # F76777-15 and state variations; PHL Variable Insurance Company, a member of the Phoenix Companies, Inc, Hartford, CT under Policy Form # ICC14OL4907 and state variations; Prudential Financial/Pruco Life Insurance Company, Phoenix, AZ, under Form # PFT-2007 and state variations; Sagicor Life Insurance Company, Austin, Texas under Policy Form # ICC101000/1000 or state variations; Savings Bank Life Insurance Company of Massachusetts, Woburn, MA 01801 under Policy Form # B36 Series and B46 Series. Transamerica Life Insurance Company, Cedar Rapids, IA, under Policy Form # ICC12 TL18 and state variations; United Farm Family Life Insurance Company, Indianapolis, IN, under Policy Form # 18-364 and state variations and United of Omaha a Mutual of Omaha company, Omaha, NE, under Policy Form B630LNA07P and state variations.

The above chart of rates does not pertain to New Jersey residents, who can obtain quotes at Premiums on level term life policies always increase after the initial rate guarantee period expires. These policies cover death by any cause in any place at any time subject to suicide exclusion within first two policy years (one year in some states).


Copyright ©1984-2020 Life Quotes, Inc., 8205 South Cass Avenue, Suite 102, Darien, Illinois. Life Quotes, Inc. and certain of its personnel are licensed as insurance agents, brokers or producers in all states. CA agent #0A13858, LA agent #200696, MA agent #1746830. CA under agency #0827712 dba Quotes for Life Insurance Agency, LA agency #205078 dba Life Quotes Inc, UT agency #90093. All rights reserved. Telephone (630) 515-0170. Founded 1984.