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Life Insurance Blog by IntelliQuote

Expert Interview Series: Santanu Debnath of MyDailyLifeTips.com on the Benefits of Term Life Insurance

Posted by IntelliQuote Marketing Team

Apr 29, 2016 9:15:00 AM


Santanu Debnath is a passionate blogger who loves to write about personal finance, insurance, money saving tips and every day life hacks on his site, MyDailyLifeTips.com. Santanu recently checked in with us to share his insight on term life insurance. Here's what he had to say:


What's your background in personal finance? How did you become interested in the topic?

I think everyone has their own background that forces them to understand what personal finance is and how to manage it. Personally, I am not a certified financial planner or from a finance back-ground, but like many others, I have learned about personal finance through life experience and making mistakes with money.

In the early days of my marriage and career I was hardly able to save and invest a penny. More importantly, I was not really aware of why one should invest or how much that should be.

But after becoming a father, I discovered a new me. I've become more disciplined, more planning-oriented and more committed which compelled me to think more about personal finance and money management.

Later when I had started reading more about investment and insurance, I found huge interest in this topic. Right now I am sharing my knowledge and the experiences I have had and I learn every day so that people can link with that and start planning investments right from the beginning.

I believe that one shouldn't just follow someone's advice when investing or buying insurance, even if he/she is an expert advisor. It's important to ask questions related to the financial product.

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Topics: Term Life Insurance, Expert Interview Series

The Way Most People Think About Life Insurance Rates Is Broken

Posted by IntelliQuote Marketing Team

Apr 25, 2016 9:16:00 AM

Life insurance is usually not a favorite discussion topic for most people. Who wants to think about what life would be like when you (or your loved ones) are no longer in the picture? Apprehension over life insurance rates, coverage and need are very common for most people.  But planning for the future as a responsible adult should include  speaking with a life insurance advisor to help understand the benefits.

The reality is, planning for the coverage needed to assist loved ones after your passing can be comforting. Knowing that loved ones will not be forced to deal with an unnecessary financial burden can provide a sense of relief.


Overestimating the Cost of Life Insurance

Most Americans don't purchase life insurance simply because they think it costs too much. LIMRA recently released its Insurance Barometer Study, which showed that 80 percent of consumers misjudge the cost of term life insurance and Millennials tended to overestimate the cost by as much as 213 percent. This illustrates that most consumers think that life insurance is much more expensive than it really is.

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Topics: Term Life Insurance, Life Insurance, Millennials, Trends

Final Expense Insurance: It's Not What You Think

Posted by IntelliQuote Marketing Team

Apr 22, 2016 8:00:00 AM

Thinking about what is going to happen right after you die isn't a popular pastime for many. Yet, death is one of the few certainties that we have, and the ability to pay for funeral expenses isn't always a given. This afterlife financial issue is one of the reasons that final expense insurance has become popular. Sometimes referred to as burial insurance or a burial policy, this particular sort of life insurance policy is a type of whole life policy that is intended to pay certain expenses related to death.


Final Expense Insurance

It's not cheap to pass away anymore. Totals can be in excess of $10,000, according to the National Funeral Directors Association and many families simply don't have these sorts of funds on hand.  These estimates may not even include the purchase of a tombstone or cemetery plot which will drive up costs considerably depending on what part of the country you live in.  This is where final expense insurance comes in, which is a life insurance policy that is purchased with the intent of providing for these final expenses. These policies are generally affordable and don't require a medical exam to get coverage.

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Topics: Life Insurance Explained, Estate Planning, Final Expense Insurance

Life Is Short: 6 Reasons to Buy a Life Insurance Policy

Posted by IntelliQuote Marketing Team

Apr 17, 2016 7:30:00 PM

Life insurance isn't a 20th-century invention. It's been around since ancient Rome and for good reason. While we may not wish to think about or discuss our demise, the fact is that life insurance isn't for us. It's for those who are left behind. While life insurance is a common employee benefit, the amount provided usually isn't adequate and there are many reasons for having an additional life insurance policy. Here are just six of them.


Final Expense Coverage

Many people don't have a separate savings account to pay for their burial expenses and don't think to pre-purchase these services. The cost of final expenses can run into the tens of thousands of dollars, and a life insurance policy can help cover these expenses during a stressful and emotional time.

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Topics: Life Insurance, Life Insurance Benefits, Financial Future, Family Protection

Top Considerations When It's Time To Use Your Life Insurance Policy

Posted by IntelliQuote Marketing Team

Apr 14, 2016 6:30:00 PM

Losing a loved one can be a devastating experience and many people simply aren't prepared for the major decisions that are required in the aftermath of a loss. When a spouse is left with the proceeds of a life insurance policy, there are choices to be made. Many people facing these large payouts must choose between such things as paying off expenses or setting up a steady stream of income for the future. Here are some important things to consider when it's time to use your life insurance policy.


Don't Rush

It may seem like you have to make a decision immediately, but you don't. A traumatic event has just occurred in your family, and it's ok to take a step back to catch your breath before making major decisions about finances, particularly ones that can't be reversed. While estate tax returns generally need to be filed within nine months, this still gives you plenty of time to research your options and make informed choices.

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Topics: Life Insurance, Life Insurance Benefits, Life Insurance Questions

5 Things to Ask When Getting Life Insurance Quotes

Posted by IntelliQuote Marketing Team

Apr 10, 2016 8:00:00 PM

Most people don't inherently know how to shop for life insurance. If you have a lot of questions or are just generally confused by the whole idea of life insurance, you're not alone. This isn't at the top of most people's favorite talking points and it may be an intimidating topic for many others. Yet, the benefits of protection are plentiful, and it's important that you and your family have the right amount of life insurance. Here are just five important questions to ask as you begin shopping for life insurance quotes.


How Much Insurance Do I Need?

As you begin to search for life insurance, you should think about your goals and why you are buying insurance in the first place. Are you looking to have money to pay for burial expenses and any unpaid debts when you are gone? What will be needed to provide for your loved ones financial secutiry? Or is it more important to you that you leave behind an inheritance or even have funds available to you while you are still alive? The answers to these questions will help you determine both, what sort of policy to shop for and the policy limits.

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Topics: Life Insurance, Life Insurance Questions

When It Comes to the Future, Millennials Compare Life Insurance Against Other Options

Posted by IntelliQuote Marketing Team

Apr 8, 2016 11:30:00 AM

Whatever your perception may be about the generation known as "Millennials," they are already a force to be reckoned with in America. According to the Pew Research Center, Millennials surpassed Generation Xers last year as the biggest portion of the U.S. workforce with about 75.3 million people.

It's true that Millennials have grown up with advantages that past generations didn't have (such as the Internet). But like all those who came before them, Millennials - who are defined by Pew as 18-34 year olds as of 2015 - are experiencing various issues, challenges, and options for the very first time in their lives. One of those decisions revolves around preparing for the end of their lives - by obtaining life insurance to protect their loved ones.

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Topics: Life Insurance, Millennials, Age

IntelliQuote Works to Educate Aging Consumers About The Rising Cost of Long Term Care Coverage and Affordable Alternatives

Posted by Philip Ranger

Apr 6, 2016 10:25:00 PM

IntelliQuote, a top rated online life insurance agency, is educating aging Americans about the rising cost of Long Term Care (LTC) insurance and the affordable coverage alternatives available to them.

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Topics: Health & Lifestyle, Age

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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