Quotesmith.com Releases Top 10 Most Popular Term Life Companies for January
Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 2/9/2000
Quotesmith.com Releases Top 10 Most Popular Term Life Companies for January
DARIEN, Ill.--(BUSINESS WIRE)--Feb. 9, 2000--Quotesmith.com, Inc. (Nasdaq: QUOT), the only place on earth where you can get instant insurance quotes from more than 300 leading companies, announced today the Top 10 most popular term life companies requested through the Quotesmith.com insurance price comparison service in January.
First Colony Life ranked no. 1 in January followed by John Hancock, Banner Life, Midland and West Coast Life to round out the top five spots.
Most Popular Term Life Companies
First Colony Life 1 2
John Hancock Variable Life 2 1
Banner Life 3 4
Midland Life 4 5
West Coast Life 5 3
Transamerica Occidental Life 6 8
American Mayflower Life of NY 7 10
First Penn-Pacific Life 8 6
Valley Forge Life 9 7
Protective Life 10 9
"The success of these companies in the marketplace demonstrates the high interest term life insurance buyers continue to have in preferring long term rate guarantees. In January, most of these companies continued to offer a full complement of long term initial rate guarantees of 10, 15, 20, 25 and even 30 years," said Robert Bland, Chairman and CEO of Quotesmith.com.
The list reflects January and December insurance shopper requests for individual term life coverage through the Quotesmith.com insurance price comparison service on a national basis.
Quotesmith.com has recently received a number of plaudits. On November 29, 1999, Gomez Advisors awarded Quotesmith.com its No. 1 Bargain Hunter Internet insurance site category ranking. In referring to the enormous number of participating insurance companies at Quotesmith.com and the time-saving convenience of having all of this information in one place, the November 22, 1999 edition of BusinessWeek called Quotesmith.com a "top site" while the November 15, 1999 edition of U.S. News and World Report stated that Quotesmith.com "...excels at comparing prices and terms from many firms."
Quotesmith.com owns and operates the largest and most comprehensive insurance price comparison service in America. The company provides instant, guaranteed accurate, company-authorized quotes for more than 300 leading insurance companies covering several lines of insurance including auto, motorcycle, life, individual and family comprehensive medical, short term medical, small group medical, dental, small business workers' compensation, Medicare supplement, watercraft, boat, RV and annuities.
In addition to providing the widest selection of instant insurance quotes available from any single source, the Quotesmith.com site also allows visitors to purchase insurance from the company of their choice without having to deal with a commissioned salesperson. Quotesmith.com provides complete, toll-free quote-to-policy-delivery customer service through the use of insurance-experienced, in-house, salaried representatives.
Quotesmith.com is now providing instant individual term life quotes from 130 companies covering all 50 states; instant individual and family medical quotes from 46 companies covering 45 states; instant small group medical quotes from 37 companies covering 37 states; instant workers' compensation quotes from 1 company covering 6 states; instant short term medical quotes from 6 companies covering 39 states; instant Medicare supplement quotes from 64 companies covering all 50 states; instant dental quotes from 47 companies covering all 50 states; instant "no exam" whole life quotes from 59 companies covering all 50 states and fixed annuity quotes from 85 companies covering all 50 states. The company is also providing instant automobile insurance quotes from 56 auto insurers in 47 states through click-through arrangements with Intuit's Quicken InsureMarket and Progressive Corporation.
Quotesmith.com provides useful reference tools and educational material to assist insurance shoppers. A typical Quotesmith.com quote comes complete with two full pages of policy coverage and reference information, including published underwriting guidelines. Another unique feature is that every Quotesmith.com term life quote also shows the latest independent ratings from A.M. Best, Duff & Phelps, Moody's, Standard & Poor's and Weiss Ratings, Inc.
Quotesmith.com is committed to providing the most comprehensive and useful insurance information experience on the Internet. The company electronically collects consumer demand for coverage and can rapidly communicate such demand directly to insurance companies in an efficient manner. The Quotesmith.com service empowers insurance buyers with near-perfect market information (including knowledge of potential savings) which is instant, easy to use, up-to-the-day accurate and not available from any other single source.
As detailed at www.quotesmith.com, the company offers visitors two unique guarantees: view the lowest term life premiums in America or receive $500 in cash; and, every quote is guaranteed accurate or receive a $500 cash reward. The company's average daily quote volume has been growing rapidly recently. During peak times the company often processes one quote request every four seconds.
Quotesmith.com completed a $63 million initial public offering in August 1999. The company's shares trade on the Nasdaq Exchange under the symbol "QUOT." Intuit Inc. (Nasdaq: INTU) owns approximately seven percent of the outstanding stock of Quotesmith.com, Inc.
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Quotesmith.com is a service mark of Quotesmith.com, Inc. All other names are trademarks of their respective owners. Published by South Dakota agent no. 333509159, California agent no. 0827712 and no. OA13858, UT no. 90093. California and Utah dba Quotesmith.com Insurance Services. Copyright 2000. All rights reserved. Quotesmith.com, Inc.
Neal Bailen, 312/228-6830
Financial Relations Board
Mark Johnson, 312/640-6793