Create Account | Forget Password?               
Home Asthma Cancer Cardiology Diabetes Neurology Nutrition Pediatrics OB / GYN General
Health Center
Ads & Resources
Comprehensive Health Directory
Manage Patient Records

Home » General
General Videos  « Go Back

How Long Will Pre-COVID Life Insurance Rates Last?

Posted By: Anonymous | Posted On: Mar 26,2020 08:30 am | View: 18

Wheeling, IL, March 26, 2020 --( As the COVID-19 pandemic continues to disrupt the world, life insurance carriers are challenged by maintaining a profitable business. One looming fear for consumers is the cost of life insurance. Will it go up as insurance companies are anticipating more death claims than they otherwise would? They are also affected by the protracted low interest rate environment. Insurance companies typically invest premiums in high grade bonds, and with interest rates so low, returns are expected to be lower as well. These factors can translate into higher rates for new life insurance. According to Byron Udell, founder and CEO of, “Over the past 25 years, life insurance rates have fallen dramatically, to record lows. For example, a 20-year level term policy on a perfectly healthy 40-year old male can be found today for as little as $309 annually. That’s almost 70 percent less than what the same policy cost just 25 years ago. This has made life insurance affordable for almost everyone.” The future of how life insurance companies will manage COVID-19 is unknown; however, moving forward, some could decide to suspend the issue of new policies, or possibly add a temporary surcharge on new policies due to the expected mortality (risk of death) related to the COVID-19 pandemic. If insurers determine surcharges are needed, the increase could be significant. The more pressing question then becomes, what does that look like for consumers? According to Byron Udell, “If one assumes that half of the population will be infected - the CDC predicts more than that- and that one half of one percent will die, that could add a temporary surcharge of $1,250 annually in addition to the current rate of just $309 for a $500,000 20-year level term policy. It’s important to understand that the insurance companies can’t add these types of surcharges to existing guaranteed level term policies.” Despite the COVID-19 pandemic, and arguably because of it, life insurance purchases are surging. Those that have life insurance, want more. And many that don’t have coverage, are now seeking and/or exploring life insurance for the first time. In light of social distancing, and in some cases, state ordered stay home quarantines, more consumers are looking for simple ways to get coverage that do not require a face-to-face meeting with an agent, and that don’t require an in-person medical exam. Fortunately, there are several highly rated life insurance companies that issue competitively priced policies without those two requirements. As of today, according to Udell, “Folks that want guaranteed low cost, high quality, life insurance coverage can still get it at pre-COVID-19 pricing, but no one really knows for how long. For those who are thinking about new coverage or adding more coverage, the message would be to get it now, while you can, before they change the rules or the pricing. And obviously, before you get sick!” The folks at have been serving customers for over 33 years. With over 200,000 individual clients, and over 100 billionin life insurance placed, AccuQuote is a highly experienced independent online broker that compares dozens of products and can make meaningful recommendations over the phone or online – more relevant now than ever. Contact AccuQuote at 847-442-9899 or via mail at 1400 South Wolf Rd., Bldg. 500, Wheeling, IL 60090. Contact Information: AccuQuote Selene Garcia 847-850-1575 Contact via Email Read the full story here: Press Release Distributed by

Read More:

Latest Videos :
Learn Hacking with IDLE BRAIN | Cyb3r Command0s
Translating medical research into health policy
Timothy Ferris, MD, Harvard Medical School and Massachusetts General Hospital Institute for Health Policy, presents on translating medical research into health policy. Series: LeNoir - NMA Pediatric Lecture Series [3/2009] [Health and Medicine] [Show ID: 15981]
UOIT - Health Sciences - Research
This is a faculty recruitment video for the Faculty of Health Sciences, University of Ontario Institue of Technology (UOIT). Located in Oshawa, Ontario, Canada. This YouTube account is maintained by the official Communications and Marketing Department of UOIT. Go to for more information.

Other Health Sources
About Us |  Contact Us |  Asthma |  Cancer |  Cardiology |  Diabetes |  Neurology |  Diet & Nutrition |  Pediatrics |  OB/GYN |  General
Copyright © 2008-2020,, All Rights Reserved.
Disclaimer: Issuers of the submissions/postings are solely responsible for the content of their submissions. can't be held liable for the contents of these submissions. In case any submission damages your benefits or violate your rights in any way, please contact us and we'll remove it immediately.