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

DARIEN, Illinois (October 14, 2019) – 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.

20 Year Level Term Life, Sample Female Monthly Premiums
Age$100,000$250,000$500,000$1,000,000
25-35$13$22$30$47
40$16$26$40$71
45$21$33$58$109
50$27$46$85$158
55$37$66$124$241
60$57$114$221$414
65$99$209$392$747

“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.

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.

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