Life Insurance Blog by IntelliQuote

3 of the Most Idiotic Attempts at Insurance Fraud

Posted by Gary Lardy

Mar 30, 2015 11:30:00 AM

At IntelliQuote, we encourage our customers to purchase life insurance because you have to “be prepared for life.” And life’s many surprises can happen at the most inopportune times. For example, after the sudden death of a spouse, the surviving spouse will file a claim to help him/her cover the inevitable expenses that come along with that tragedy.
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Topics: Best Term Life Insurance, Compare Life Insurance, Term Life Insurance Rates, Online Life Insurance Quotes, Insurance Stories

5 Activities You Do Every Day That Take Longer Than Getting A Life Insurance Quote

Posted by Gary Lardy

Mar 26, 2015 4:30:00 PM

“I just don’t have the time to research life insurance.”

At IntelliQuote, we’ve heard countless people repeat this mantra. And we completely understand why you feel this way. You have so much on your plate already, unexpected emergencies at work and at home, nonstop bills, and constant worries about providing for your family.


You probably feel like you need a break, right? So the last thing you want to do is add yet another task to your list.

But what if we told you that there are five things you do every day that take longer than getting a life insurance quote? Let’s take a look:

1) Stand in line for coffee: With the cold weather in full swing, you can expect that the lines of your local coffee shop will increase, and so will your wait time. That’s never any fun, is it? The good news is when you’re shopping for life insurance, you don’t have to wait as long. You can get up to six quotes in less than 10 minutes.

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Topics: Best Term Life Insurance, Life Insurance Coverage, Term Life Insurance Quotes, Instant Life Insurance Quote, Best Life Insurance

4 Unbelievable, But Valid Insurance Claims

Posted by Gary Lardy

Mar 24, 2015 1:39:00 PM

Insurance agents have seen their fair share of weird and in many cases, unsubstantiated claims. But now and then, agents come across a claim that truly shocks them, not because it’s outrageous, but because it’s outrageous…and true!

Today’s post discusses four of these seemingly bogus scenarios.

1) iPhone Disappeared…Inside of a Cow: We’re willing to bet that you’ve left your iPhone in a lot of different places: your bathroom, your car, on top of your kitchen countertop, etc.

But you’ve probably never lost your phone inside of an animal before.

Well, Ivor Bennett, a livestock farmer, did. He was assisting a cow who was giving birth in the middle of a dark and stormy night and used the light on his phone to aid him. The phone later resurfaced but didn’t work properly (no shock). The insurance company paid him for the full claim.

2) Bridal Dress Catches Fire: A wedding dress is one of the most important garments a woman will ever wear. And each dress is as special as the woman wearing it—assuming it isn’t ablaze. The bride, Paula Catelli was standing a little too close to the barbeque, when her dress caught on fire. Her husband saved her life by picking her up and throwing her into the sea. The insurance company agreed to compensate the couple for half the damages.

3) Danger From Above: The last thing you expect while on vacation is to injure yourself from…relaxing. British travel agency, Club Direct, knew that stranger things have (and do) happen and started issuing policies to cover injuries caused by falling coconuts. That very same year they decided to issue their new policies, one of their customers was struck in the head by a coconut and knocked out cold, while she was reading a book under a palm tree. Luckily, she recovered. Club Direct paid her in full.

4) Decking Drivers with Christmas Trees: This example reads like a scene from the National Lampoon’s Christmas Vacation movie. Mr. Fairclough was driving home from Christmas shopping when he saw a car approaching him from the opposite direction with a Christmas tree haphazardly positioned on top of the car. No sooner had he registered this when the car went around a sharp bend, and the tree flew straight toward him. The other driver never stopped or returned to the scene, so Mr. Fairclough ended up taking the tree home with him, along with a huge dent left by the tree’s trunk. His car insurance paid for all of the damages.

Every insurance holder wants to be paid any claims that he or she makes, of course the above four people probably would have told you that receiving the payment was nice, but if they could, they would have rather avoided the events that led them to file their claims.

The same is true with life insurance. While a life insurance claim is one you hope never has to be filed, those you care about, who are protected by your policy, will be glad they have the option should something unexpected happen to you.

Curious about the type of life insurance coverage available to you? Visit our quotes page and compare up to six quotes in just a few minutes.

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Topics: Life Insurance Coverage, Life Insurance Quotes, Online Term Life Insurance, Compare Life Insurance, Insurance Stories

4 Tragically Unforeseen, Bizarre Accidents

Posted by Gary Lardy

Mar 19, 2015 4:30:00 PM

There are a lot of situations in life where we can be proactive. If we want to maintain our weight, we can control what we eat and how often we exercise. If we want to stay on top of our health and dental hygiene, we make sure to see the doctor for an annual physical and bi-annual dental checkup.
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Topics: Life Insurance Policy, Life Insurance, Online Life Insurance Quotes, Do I Need Life Insurance, Insurance Stories

3 Ways Millennials Can Maximize Their Life Insurance Policies

Posted by Gary Lardy

Mar 16, 2015 12:30:00 PM

If you’re a millennial, you know what it’s like to have technology at your fingertips— literally. This is the generation that has grown up plugged into the Internet, and many of you have spent the majority of your lives in front of a computer.

Yet IRL (in real life), despite being the most technological-savvy generation, you’re also the most underinsured. Roughly 25% of all Gen Yers (18-29) don’t have health insurance. So it’s not surprising that millennials are also less likely to have life insurance. In today’s blog post, we’re going to discuss the reasons why millennials should invest in life insurance, and three ways you can maximize your policies.

1) Buy your own insurance: If you’re thinking that you don’t need additional life insurance because you have a policy through your job, that’s a costly assumption to make. What happens if you get laid off or fired? Once your position dissolves, so does your coverage, leaving you vulnerable.

We know that since you’re young, you may feel invincible at times (we were young at one time, too), but accidents and unforeseen bad fortune don’t discriminate when it comes to age.

Another advantage of your youth, besides having more energy and bouncing back quicker from a hangover, is the lower rates. The younger you are, the less of a health risk you are, which means lower rates. 

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Topics: Term Life Insurance Quotes, Life Insurance for Young Families, Life Insurance Benefits, Insurance Quotes, Millennials

3 Inventive Uses for Life Insurance

Posted by Gary Lardy

Mar 12, 2015 4:00:00 PM

At IntelliQuote, we are huge advocates for protecting your loved ones using life insurance. And we know that we often ask you to think in broad strokes as you visualize and plan for the future.

But we know that these conceptual exercises are sometimes hard to pull off. Sometimes you need concrete examples. Today’s post is going to discuss three unusual, but real-life ways that your family can use life insurance policy funds to continue thriving should you unexpectedly pass away.

1) Pay for your spouse to go back to school: If you were to pass away tomorrow, how would your spouse and children survive after your final expenses and debts are paid? Would your spouse need to get an extra job or a more lucrative primary job? We often talk about taking your children’s college costs into consideration when it comes to your policy. But what about your surviving spouse? Will going back to school help them land a higher-paying job? If so, you may want to keep this in mind when it comes to selecting your policy.

2) Start an online business: Your surviving spouse may need to bring in additional income to supplement their salary if you are no longer in the picture. These days it’s easier than ever to start a business online (especially for women), and if your spouse is tech-savvy, they can build a website on WordPress for under $100. Couple that with the yearly cost of a URL and annual basic hosting, and they could easily start a business online for less than $500.

3) Create and sell physical products: If your spouse wants to go from the computer screen and into the spotlight, they even have the option to create a new physical product or company. With the rise of crowdsourcing, your spouse could have the money from your policy in addition to monies generated by the crowdsourcing effort to fund the business. Best of all, starting a business isn’t just limited to your spouse, your children can also use this money to fund their dream, or your spouse and children can team up to make it a family business.

A real-life example of a woman who used her legacy to invest in a dream is Christina Conrad , who created a sports bra that has the added functionality of a purse. Instead of using the money her recently deceased father left her to attend graduate school, she funded her business with a Kickstarter campaign and used the money she received from her father for living expenses.

At IntelliQuote, not only do we want to help you protect your family should the unexpected occur, we want to give you real-life examples of how your family can use their policy money to not only survive, but thrive.

Are you ready to see the type of legacy you can leave your family? Visit our quotes page and view up to six policies for the best rates today!

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Topics: Best Term Life Insurance, Compare Life Insurance, Instant Life Insurance Quote, Millennials, Insurance Stories

4 Reasons Why You Should Buy Life Insurance Today

Posted by Gary Lardy

Mar 10, 2015 8:30:00 PM

At IntelliQuote, we’ve been in the life insurance business for some time, and we know there are many reasons holding you back from purchasing life insurance. One of the biggest is budget. You may think that you should wait to buy a life insurance policy until you can afford a policy with the maximum coverage.

We’re here to tell you that simply isn’t true.

Today’s post will discuss four reasons why obtaining life insurance is the most important thing you can do for you and your family…starting today.

1) Younger age means lower cost: One of the biggest benefits of purchasing a policy today instead of waiting five years from now is cost. Why? Because the younger you are when you buy life insurance, the more healthy you’re likely to be, and the less expensive you are to insure. Which means you can lock in lower premiums now.

2) Covered in case of an accident: We understand that thinking about your own death can give even the most even-keeled person a major case of the heebie jeebies. But the truth is no matter how young you might be, no one is immune to an unforeseen accident. In the event you were to pass away tomorrow from circumstances that you didn’t anticipate, term life insurance allows your family to pay for your final expenses and any remaining debts that you had.

3) The costs are lower than you think: If you’re like most Americans, you’re probably overestimating the true cost of life insurance protection. According to the 2014 LIMRA Insurance Barometer Study , 80% of the participants overestimate the true cost of life insurance protection.

4) Peace of mind: Purchasing life insurance today affords you something valuable that you can’t purchase, and that’s peace of mind. Knowing your family will be covered should the unexpected occur. And as major life events like marriage, the birth of a child or retirement occur, it is an easy process to review and adjust your coverage for the future.

We understand that you want the best for you and your family, and we understand why you may feel that you should put off buying life insurance until you can afford the best coverage possible. However, securing protection for you and your family today is a good a decision that will pay off for you and your loved ones in the future.

Are you ready to look closer at life insurance costs and coverage? Visit our quotes page today.

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Topics: Term Life Insurance Quotes, Compare Life Insurance, Life Insurance, Best Life Insurance, Do I Need Life Insurance

How Life Insurance Can Help To Raise Your Child, Even If You're Not There

Posted by Gary Lardy

Mar 5, 2015 3:25:00 PM

Raising a child is not easy, and for many parents it seems like the job never ends. Even when your kids leave the house to strike it out on their own, an economic recession could send them right back into the safe confines of your home.

Raising kids is even harder when one spouse is left alone to care for the family. It’s even worse when both parents are out of the picture.

How can you protect your child if you’re not here?

Life insurance can help.

Today’s post will discuss how life insurance can care for your child in the event of your untimely passing.

1) A college education: College is big business, and the four-year cost of a university education is more than the cost of a car for most people (and in some cases, the cost of a home). According to the College Board , the average cost of a year of tuition and fees for 2013-14 was $30,094 (private college) and $22,203 (out-of-state students attending state universities). Naming your child as a beneficiary on your life insurance policy means that if the unexpected should occur, and you were to die, your surviving spouse or your child’s legal guardian would not need to take out a second mortgage to pay for your child’s college education.

2) Care for your special-needs child: If you have a special-needs child, then you already know that they’ll need your support for the rest of their life, and that translates to more long-term costs. When you purchase life insurance, you’re not just protecting yourself; you’re making sure that your child is covered for the long haul, including any housing costs.

3) Cover unexpected medical bills: As much as it pains us to say this (and it pains you more to think about it), you could be struck with a life-threatening illness, such as cancer. And while health insurance may ease some of your financial burdens, it won’t cover everything. Some life insurance policies have optional benefits that can help pay for your survivors' chronic or terminal illness care expenses, so you can focus well-being and recovery. Your policy also provides a source of funds for your family to pay unpaid medical bills should you pass unexpectedly.

4) Maintain normalcy: Losing a loved one is emotionally trying. It’s especially heart-wrenching for a child to lose his/her parent when they’re young. Now imagine a grieving household that also has serious financial hardship. Many adults would be unable to cope with this stress, let alone a child. Life insurance can maintain a sense of normalcy for your family while they get through the hard time of grieving over your loss. The more financially secure your family is, the sooner they can heal and resume their daily lives.

At IntelliQuote, we know that as a parent, you only want the very best for your child, even if you’re no longer living. A term life insurance policy gives them a real chance to thrive in your absence.

Are you ready to give your child added protection? Visit our quotes page, and start your journey today.

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Topics: Life Insurance Coverage, Term Life Insurance Quotes, Protecting your families financial future, Compare Life Insurance, Term Life Insurance Rates

ABOUT INTELLIQUOTE

A leading online life insurance agency since 1997, IntelliQuote provides customers simplified, private access to compare, shop and buy life insurance online, including term life insurance quotes. IntelliQuote offers clients a wide selection of competitive products from A-rated carriers, supported by licensed agents. This simplified approach makes purchasing a policy easy and straightforward while providing a savings of up to 70% per policy. IntelliQuote is a member of the LIFE Foundation and is committed to ongoing consumer education. For information on how to estimate how much coverage an individual might need, contact www.intelliquote.com, or 888.883.6855.

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