LifeQuotes.com announces first-ever college tuition scholarship program for eligible Hinsdale Township High School District 86 area students

DARIEN, Illinois (July 18, 2016) – LifeQuotes.com, 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 Lifequotes.com 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 Lifequotes.com between now and August 19, 2016. The Lifequotes.com 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 www.lifequotes.com/scholarship.

“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
Age$100,000$250,000$500,000$1,000,000
25$7$9$12$19
30$7$9$12$19
35$7$9$13$20
40$8$11$17$26
45$10$15$25$43
50$13$20$36$63
55$17$29$52$95
60$23$42$76$140
65$34$67$124$230
Sample Term Life Insurance Rates, 10 Year Initial Rate Guarantee
Male Monthly Rates
Age$100,000$250,000$500,000$1,000,000
25$7$10$14$21
30$7$10$14$21
35$7$10$14$22
40$8$12$18$29
45$11$17$29$48
50$14$24$42$75
55$20$38$71$130
60$29$60$113$215
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 Lifequotes.com 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.

LifeQuotes.com 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 Lifequotes.com 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. Lifequotes.com staff and their family members are excluded from participation. Complete details are available at www.lifequotes.com/scholarship.

Past Accolades for LifeQuotes.com

  • 2021: LifeQuotes.com Celebrates 1,000 Google Reviews Averaging 4.8 Stars
  • "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 website 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

About LifeQuotes.com

LifeQuotes.com is an insuretech pioneer that caters to self-directed life insurance shoppers at www.lifequotes.com. The company's innovative technology allows customers to instantly view quotes from 40 insurers and buy from the company of their choice on a paperless basis. The company's comparative rater also reveals underwriting guidelines for improved accuracy. More than 390,000 people have purchased policies through LifeQuotes.com since the firm's founding in 1984. According to Data Bridge Market Research, the insuretech market is expected to witness market growth at a rate of 42.4% in the forecast period of 2021 to 2028 and is expected to reach $46 billion by 2028.

Survey Methodology

Life insurance policies described, quoted, shown and illustrated in this press release may not be available in all states and certain terms may vary by state where required by state law. The supplemental policies described provide limited benefits and are NOT comprehensive health insurance or major medical insurance and they do NOT satisfy a person's individual obligation to secure the requirements of minimum essential coverage under the Affordable Care Act (ACA). For more information about the ACA, refer to http://www.HealthCare.gov. Policies examined include American Family Life Insurance Company, Madison, WI, policy form ICC14-LD10001; American National Insurance Company, Galveston, TX, policy form ART 12; Assurity Life Insurance Company, Lincoln, NE, policy form I L1702; 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; Foresters Financial of Toronto, Canada, under form ICC16 770620; Haven Life Insurance Agency, Issued by C.M Life Insurance Agency, LLC, a subsidiary of Massachusetts Mutual Life Insurance Company (Mass Mutual) of Springfield, MA. Policy form # ICC19PCM-SI 0819); Lincoln Life & Annuity Insurance Company of New York, Syracuse, NY, policy form LEF06321-18_7-10, and The Lincoln National Life Insurance Company, Fort Wayne, IN, policy form LEF06321_5-12, both insurance company affiliates of Lincoln National Corporation, whose marketing name is Lincoln Financial Group; John Hancock Life Insurance Company (U.S.A) of Boston, MA 02117, on policy form number ICC16 2016TERM and John Hancock Life Insurance Company of New York, Valhalla, NY 10595, Minnesota Life Insurance Company and Securian Life Insurance Company of St. Paul, MN under policy number F76777-15; Pacific Life Insurance Company of Newport Beach, CA, policy form P16YLT. North American Company for Life & Health Insurance, Chicago, IL, policy form LS174; Penn Mutual Life Insurance Company of Horsham, PA, under policy form ICC13-LT; Principal Life Insurance Company of Des Moines, IA, under policy form ICC17 SN 104; Protective Life and Annuity, Birmingham, AL, policy form TI-15; Pruco Life Insurance Company of New Jersey, Newark, NJ, policy form ORD 96200-2010, me