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Life Insurance Quoting


BUDGET LIFE INSURANCE QUOTING LAUNCHED NOVEMBER 9, 2001

Proprietary software helps consumers find life insurance quotes for which they qualify.

Canton, Michigan -- November 9, 2001 -- Interlinx, LLC today announced the BudgetLife® Expert Quoting System, and implemented the new software at its Web site at http://www.budgetlife.com. The Expert Quoting System uses proprietary technology to help consumers locate life insurance rates for which they qualify.

"Most Web sites selling life insurance today simply list the lowest rates being offered by a group of companies, and then ask the consumer to apply for their company of choice," says Terry Burt, President of Interlinx, LLC. "The problem is that most consumers don't qualify for the lowest rates for a variety of reasons, such as their weight or family health history. We solved this problem by programming the companies' underwriting rules right into the software."

According to Mr. Burt, consumers using the old method would often apply with the company showing the lowest rate, only to find out eight weeks later that they did not qualify. Instead, they were approved for a higher rate. "If they had known this in advance, they would have chosen another company for whose rates they do qualify, thereby saving themselves considerable time and money."

BudgetLife® uses the Compulife® database of top term life insurance companies to locate the lowest rates for a consumer's specified age and gender. The Expert Quoting System then presents a short list of questions to select the rates for which the consumer qualifies. "We still offer the option to get the complete list of rates, but consumers who want to apply online should use our Expert Quoting System to locate the rates for which they qualify," Mr. Burt says. "For those who choose to get the complete list of rates, we offer the services of a nationwide network of independent agents, with many years of experience dealing with these underwriting rules."

® BudgetLife is a registered mark of Interlinx, LLC, Plymouth, MI.
® Compulife is a registered mark of Compulife Software, Inc., Nicholasville, KY.

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