Vivaquote Announces Expanded Term Life Insurance for Diabetes

May 22, 2010 - PRLog -- Diabetes is a potentially fatal disease affecting 23.6 million people in the United States, or 8% of the population. VivaQuote Insurance Solutions is proud to partner with the nations leading life insurance carriers in offering advanced underwriting guidelines that will help insure thousands or people at standard term life insurance rates instead of at the more costly higher risk rates most diabetics could expect.

“The process for initiating the coverage is virtually identical for folks with diabetes and those who do not have the disease,” says Andrew Enriques, the managing agent for Vivaquote.

“Our clients visit our online term life insurance marketplace at http://www.vivaquote.com, and enter their information, view quotes from multiple companies, and click the ‘request and application’ button as they would before,” explained Mr. Enriques.  “The subtle difference is that the online quote engine cannot recognize specific health risks, so one of our customer support agents will call the client back immediately to give them a revised quote.”

More consumers are going online to manage their finances, yet only 20% of the term life insurance policies sold in 2009 were through a direct channel, such as online, according to LIDMA, an industry trade group.

“Today the average online consumer is male or female, is most likely in their thirties or forties, and has an above average level of education and affluence.  Statistically, they are the same demographic as those who are most likely to need affordable term life insurance.  With our new underwriting guidelines it simply means we will be able to offer term life insurance for diabetes,  to group of folks for whom it was difficult to get insured," said Mr. Enriques.

“Our job is to assist our client and make sure they have the information they need to make the right decision, not only for themselves, but for their family.  We believe that people know what is best for their personal situation and our agents are here to answer any questions the client has,” adds Mr. Enriques.

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About Vivaquote: We offer the most simple and effective way to shop for and buy term life insurance online.