NEW YORK, October 8, 2021 / PRNewswire / – Policygenius, the unique insurance comparison and buying platform, today announced the release of October data from the Policygenius Life Insurance Price Index, which displays average monthly life insurance rates using current data from major life insurers. New data from this free index is released monthly to inform price trends for consumers. In honor of Breast Cancer Awareness Month, analysts looked at premium rates for male and female breast cancer survivors who are at least five years in remission.
Special analysis of the October index shows that breast cancer survivors can pay almost double for life insurance compared to applicants with no history of breast cancer. However, younger breast cancer survivors see a slightly smaller price gap. Based on a review of quotes for a $ 250,000 politics in October 2021, a 35-year-old survivor can pay 40% more than her counterpart with no history of breast cancer.
“Cancer survivors who are currently in remission have life insurance options which vary depending on the insurance company and their current health condition” Jennifer fitzgerald, CEO and co-founder of Policygenius, said. “Speaking with an independent life insurance agent with the ability to compare rates from several leading providers makes it easier to find the policy that best suits their health profile. “
Insurance rates can vary based on market fluctuations, as well as when a buyer’s personal profile changes. Life insurance prices are primarily based on life expectancy, taking into account an individual’s personal details including age, medical history and hobbies. Prices also depend on the length of a policy and the amount of coverage a consumer chooses to obtain.
The breast cancer survivor data used for this index is based on the average monthly premium prices for a 20-year term life insurance policy for men and women diagnosed with localized breast cancer. stage 1 in 2015 and received their last treatment in 2016. The sample applicant’s treatment plan included chemotherapy, radiation therapy and lumpectomy and they continue to take 10 milligrams of tamoxifen per day.
The quotes are based on the Policygenius Life Insurance Price Index, which is based on internal actuarial rate tables for 10 of the life insurance companies that offer policies in the Policygenius market. Prices represent the average monthly premium for each customer profile sample (age, sex) and policy type (duration, amount of coverage) as of the most recent publication date.
For the usual Policygenius Life Insurance Price Index tables, no major changes were reported from September to October for applicants in all basic demographic categories, continuing a trend of price stability .
Political genius transforms the insurance journey of today’s consumer, providing a single platform where clients can compare options from top insurers, get unbiased expert advice, purchase policies and manage their insurance portfolio , in an integrated and transparent experience. Our proprietary technology platform integrates with leading life, disability, home and auto insurance companies and delivers an exceptional digital experience for consumers and insurance companies. Since 2014, our content, digital tools and experts have served as a resource for millions of people in their insurance journey, and we have sold over $ 120 billion In front page.
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 Monthly averages are based on 10 products available through Policygenius for the specified profile; prices for these products may vary from state to state, and not all products are available in all states. Individual rates may vary based on age, gender, condition, health profile, and other eligibility criteria.