Life Insurance Blog by IntelliQuote

Hedge Stock Market Volatility with Life Insurance

Posted by Gary Lardy

Oct 30, 2014 4:00:00 PM

Your eyes are glued to CNBC. The closing bell rings. Your heart drops into your stomach, and your palms sweat. The Dow is down for the second month in a row, and all you can think about is how your portfolio is shrinking more and more each day.

Have you lived through this nightmare before?

For many Americans, these feelings conjure up memories of the ghost of the 2008 recession past. Many lost a sizeable chunk of their portfolio and, unfortunately, some of these people won’t live long enough to recoup all of their losses.

It’s not all doom and gloom, though; there is light at the end of the tunnel. Life insurance can back up your portfolio in good times and in bad times, so you can relax when you watch the latest financial reports, instead of biting your nails and sitting on the edge of your seat.

1) In case of portfolio emergency, use insurance: If you work for a corporation, chances are a portion of your salary is tied up in the stock market. Depending on how much money you choose to add and how diversified your portfolio is, you may have a significant amount of your money linked to the market. So what happens if the Dow comes to a grinding halt? A cash-value insurance policy can provide you with added security in case the stock market reduces your net worth. Cash-values and the level of protection can be adjusted according to your needs, and they also earn interest!

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Topics: Life Insurance Quotes, Online Life Insurance, Term Life Insurance, Life Insurance as an Investment, Stock Market and Life Insurance

Burden Me Not: How to Pay for Your Own Long-Term Care

Posted by Gary Lardy

Oct 27, 2014 8:25:00 PM

You’ve raised your kids from children into adulthood. You wiped their tears, read bedtime stories and fed them chicken soup when they were sick.

Now that they’re all grown-up, it’s time they started having your back. But that doesn’t mean that you have to be a financial drain.

Today’s post discusses how you can minimize your long-term care expenses and keep your family from being burdened with the cost.

  1. Life insurance covers all types of long-term care: When you think of long-term care you may automatically think “retirement home,” but long-term care can have more options. If you’re a Baby Boomer, your love of freedom is a common trait among your generation. This is one of the fastest growing segments of the population, and many Boomers will opt for home-health care instead of a retirement home facility. The good news is that life insurance covers any and all types of long-term care. So you can get the type of care you prefer, at no-cost to your family. How’s that for living life on your terms?
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Topics: Compare Life Insurance, Term Life Insurance, Long Term Care Insurance, Insurance Quotes

Why Waiting Until Retirement to Buy Life Insurance is Foolish (and What to Do Instead)

Posted by Gary Lardy

Oct 23, 2014 6:30:00 PM

“I don’t need life insurance. I’m not even old enough to stop working.”

Sound familiar? You may have arrived at that same conclusion.

In a perfect world, your assumption would be correct. Unfortunately, life doesn’t follow that same logic.

Unforeseen events, such as an unexpected illness, bankruptcy or accidents can happen at any time, years before you retire from your job. Insurance can save your family from any undue stress that arises from out-of-the blue hardships.

1) The younger you are, the less you’ll pay: It’s never too late to buy life insurance, but if you wait too long, it could be more expensive. The average life expectancy is around 79 years. The closer you are to this age when you sign up for life insurance, the more expensive your premiums will be. Another advantage to purchasing life insurance while you’re still young and healthy is that your coverage won’t change if you’re diagnosed with a serious illness. It’s much harder to qualify for life insurance if you’ve been diagnosed prior to applying.

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

Newly Divorced? 4 Reasons Why you Need Life Insurance

Posted by Gary Lardy

Oct 20, 2014 6:00:00 PM

Divorce can be traumatic for some, but for others it can have its perks, such as reintroducing you to the bachelor or bachelorette lifestyle. Now that your children are grown and out of the house, your disposable income is no longer going toward a college savings fund or a new car for Susie. After your bills are paid, you are free to splurge on whatever you choose – like a luxury cruise, a new wardrobe or a golf getaway.

The world awaits, right?

Wrong.

Just because you no longer have a spouse, or legally dependent children, doesn’t mean your family won’t need to turn to you for financial support in a crisis. In fact, you may find that several members of your immediate family may need your help sooner than you think.

The child is now the parentWhen you were young, you depended on your parents for everything. They raised you to become the independent person you are now. Eventually, you’ll have to return the favor. Many children end up paying for their parents’ long-term care, including a private nurse or an assisted living facility. Depending on their retirement income and Social Security benefits, your parents may also need you to supplement their income to cover their basic needs. Choosing the right policy means you can honor your parents for all of the love and support they’ve given you over the years.

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Topics: Life Insurance Quotes, Compare Life Insurance, Online Life Insurance Rates, Divorce Life Insurance Policy, Life Insurance for Singles

Get Multiple Quotes in Less Time than it Takes to Book a Vacation

Posted by Gary Lardy

Oct 13, 2014 7:30:00 PM

This is the season that you and your spouse have waited 18+ years for. It’s the fall of your child’s college freshman year—and you’re ready to take back your house. You’ve planned the perfect way to celebrate your child’s journey into adulthood—a Hawaiian vacation. You’re just one mouse click away from paradise, but there’s a crucial purchase you forgot to make.

Your life insurance.

Huh?

You’re probably scratching your head in confusion. Let us explain.

Your dream vacation could easily morph into a nightmare. The reality is your life could be tragically cut short, either en route to your destination or during your trip.

Unfortunately, circumstances like the above are beyond your control. But there’s an important decision that’s well within your grasp…

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Topics: Compare Life Insurance Rates, Compare Life Insurance, Life Insurance, Term Life Insurance Rates, Financial security

5 Surprising Reasons to Buy Life Insurance Before You Have Kids

Posted by Gary Lardy

Oct 9, 2014 1:30:00 PM

So, you and your spouse have decided to expand your family, yes?

You may be reconsidering a lot of things that you never gave a second thought to, like trading in your Dodge Charger for a minivan or evaluating your neighborhood’s public school system.

Life insurance is likely the furthest thing from your mind. But it shouldn’t be. In fact, life insurance should be one of the first things that you and your spouse nail down when it comes to your future children because it will have a significant long-term impact.

But why would anyone buy or adjust their life insurance to fit a child that doesn’t yet exist?

1) The calm before the storm: Babies are a blessing for any family, but these little miracles require your undivided attention, focus and loads of energy. It’s best for you and your spouse to figure out the right insurance policy and weigh your options before you become bogged down with a new set of priorities like diapers, play dates and college funds.

2) An asset within the asset: Speaking of college, the average cost for an in-state public university is around $23,000 a year, and private colleges cost around $45,000 annually. And those prices are slowly climbing. You’ll want to start putting money into a college fund as early as possible. Permanent life insurance acts like a savings account. Not only does this double as a college fund, but you can borrow against it and use the savings portion at a later time, tax-free. And unlike a 401(k) or a Roth IRA, your contribution is not capped, allowing you to add an unlimited amount of money to the savings portion of your plan. 

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Topics: Life Insurance for Parents, Protecting your families financial future, Term Life Insurance, Life Insurance, Life Insurance for Young Families

What are the differences between Term and Universal/Whole Life Insurance?

Posted by Gary Lardy

Oct 6, 2014 4:00:00 PM

Life insurance comes in two common varieties: term life insurance and whole or universal life insurance. The main differences between these two kinds of insurance can be gleaned from their names; as you might expect, term life insurance lasts for a specific term, while whole life insurance lasts for the policy holder's entire lifespan. There are some other key differences between these two kinds of insurance that you should be aware of if you wish to make a smart decision about your life insurance needs.

Premium Amounts And Changes

One of the main things that financially responsible consumers must do in order to find the best life insurance carriers (or policies) is shop for a policy based on price. Life insurance premiums vary depending on several factors including how much coverage you are looking for and what kind of health you currently enjoy. Both kinds of life insurance can be set up to provide fixed premiums that do not change from month to month, but it is more common to have whole life insurance policies with fixed premiums.

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Topics: Compare Life Insurance Rates, Online Life Insurance, Whole Life Insurance, Term Life Insurance, term life vs whole life

The Benefit of Life Insurance to Families

Posted by Gary Lardy

Oct 2, 2014 1:00:00 PM

There are many kinds of consumers who would be a good fit for a life insurance policy. Some of the most suitable candidates, however, are those people who have a family. If you are looking to ensure that your loved ones are protected from financial hardship after you are gone, you should compare life insurance policies that are available from different providers to find one that suits your needs. Life insurance is particularly important for people with a family for a number of reasons.

 

Protecting Children

Parents are responsible for both physically and financially protecting their children. Have you ever thought about what would happen to your children if you passed away unexpectedly? It is nice to think that you might have some relatives or close friends who would step in and take care of your next of kin, but not everyone can enjoy the luxury of this situation. Life insurance provides your kids with a guarantee that they will be able to maintain their lifestyle even if something happens to you while they are still too young to bring in any income.

 

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Topics: Protecting your families financial future, Online Term Life Insurance, Compare Life Insurance, Term Life Insurance, Financial Future

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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