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Life Insurance Blog by IntelliQuote

Use the IntelliQuote Process to Simplify Life Insurance Decisions

Posted by Philip Ranger

Jan 20, 2017 9:11:00 AM

Many of us see buying life insurance and most types of financial planning as complicated endeavors. Not only does it seem complex, but it's also just not fun to think about the possibility of ever needing a life insurance policy. Life insurance is important, though, to protect your loved ones in case something unforeseen does happen. Many of us avoid the decision to protect our families, but IntelliQuote can simplify the process of buying a life insurance policy.

Why People Avoid Shopping For Life Insurance

People stay away from life insurance for a variety of reasons. We already mentioned the perception that it's complicated, which is simple enough to dispel. Many avoid the thought of ones possible demise, but there is also the miconception that life insurance is incredibly expensive.

According to a recent LIMRA Insurance Barometer Study, 86% of respondents claim they haven't purchased life insurance because it's too expensive. When asked, these same people overestimated the cost of life insurance by more than 2x. The truth is that life insurance is affordable.

Choosing the Right Type of Life Insurance

Once the excuses are off the table, you just need to choose the right life insurance policy for your needs. There are really just two basic types of life insurance policies that you need to understand: term life insurance and permanent life insurance, also sometimes called whole life or universal life.

A term life insurance policy is valid only for the policy term stated, which most commonly are 10, 20 or 30 years. The benefits of this type of policy are that it is the most affordable type of life insurance on the market, and you can select the best term for your needs. For example, if you have young children that you want to provide for, you might just buy a 20 or 30-year term policy to allow for coverage of their college education.

A permanent life insurance policy is just that - permanent. The policy is in effect for your entire life as long as you continue to pay the premiums. This is a good choice if you decide that you want life insurance in place long past retirement age. This policy also has the benefit of a savings accumulation or cash value. The downside to permanent life insurance is that it is more expensive than term life.

Comparison Shopping to Find the Best Life Insurance Value

Once you've decided what type of life insurance best suits your needs, it's a good idea to do a simple needs analysis to determine how much life insurance you should buy. While some experts recommend five to ten times your annual income, this could be too close to a guess. IntelliQuote has a simple needs assessment calculator that can help you determine how much insurance you need.

Now that you have this figure, you need only answer a few simple questions about yourself and the type of life insurance that you'd like to buy. Before you know it, you'll be provided several quotes from some of the industry's top life insurance companies, ensuring that you get the best value for your money. Find out how much money you can save with IntelliQuote's process and start your quote now.

Knowledge is power. The more you know, the easier it is to make an intelligent choice. Everyday life, as well as certain events and circumstances, require you to make choices. And peace of mind is gained when you feel good about the decisions you make.

When it comes to life insurance, IntelliQuote is there for you to make the intelligent, well-informed choice. From term life insurance to universal life insurance and final expense insurance, we make it easy for you to compare, shop and save. Get multiple quotes now and make the intelligent decision for Life.

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Topics: Life Insurance Quotes, Life Insurance, The IntelliQuote Process

How to Be Prepared for Unexpected Expenses

Posted by Philip Ranger

Jan 16, 2017 4:56:00 PM

If there's one thing in life that's certain, it's that plans often change. Your idea of a perfect vacation could go south with an unexpected illness, a broken down vehicle, or even the theft of some belongings. What was supposed to be a quiet winter season can turn stressful when the furnace breaks, or there's a sudden leak in the roof.

The common thread running through all of these events is money. When the unexpected occurs, it's usually not in the form of a winning lottery ticket. No, instead you unexpectedly find yourself parting with money. Here's what you need to know about unexpected expenses and a few tips on getting a good preparation plan in place.
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Topics: Financial Planning and Life Insurance, Financial security, News & Events

10 Debt Traps to Avoid in 2017

Posted by Philip Ranger

Jan 12, 2017 10:40:00 AM

It's never fun being broke or having to live paycheck to paycheck. Wondering if you'll be able to pay your bills is stressful, and access to money is often limited. Those who have escaped debt will tell you that it is both a struggle and one of the most rewarding things you can do for yourself and your family. Maybe you just see the potential for trouble on the horizon and want to avoid total financial disaster. Whether you're crawling out of debt or hope to avoid its pitfalls, here are just ten debt traps to avoid in 2017.

1. Spending Too Much on a Home

Buying too much home is a common mistake that gets many people in over their heads in debt. A standard monthly benchmark for housing is 30% of your income. Many go up to 40%, but too many families fail to consider such things as property taxes, insurance, upkeep, and repairs in their budget.
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Topics: Life Insurance, Financial Future, News & Events

How to Make the Right Decisions

Posted by Philip Ranger

Jan 8, 2017 8:17:00 PM

Do you have difficulty making decisions? For many people, having to choose between even two simple alternatives is a stressful proposition, and life-changing decisions can be downright debilitating. If you'd rather not just throw caution to the wind and flip a coin when it comes to where you live, work, or who you spend your time with, some effective decision-making skills might be useful. Here are five exercises that can help you work through decisions, big and small so that you can come to better conclusions with less overall stress.

1. Identify Your Goals

It's difficult to make sound decisions if you don't have clear goals. In fact, people who aren't able to sit down and reflect on what they want are more likely to make bad decisions. If you want to avoid a series of bad, and potentially costly choices, sit down and list out your goals. The decisions that will help you achieve those goals will become more apparent.

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Topics: Financial Future, News & Events, Trends

Planning Your Finances for 2017

Posted by Philip Ranger

Jan 5, 2017 10:32:42 AM

The new year is often a time when we make resolutions about living a healthier lifestyle. While resolving to exercise and eat better is a wonderful thing, the overall health of your personal finances could often use some attention as well. The new year is the perfect time to create new financial habits, which includes setting some goals. Here are several important areas to consider as you plan your finances for 2017.

Assess Your Situation

Whether you're planning for retirement, trying to claw your way out of debt, or saving for the dream of home ownership, it's hard to make a plan if you don't know where you stand. Sit down and make a list of your assets and liabilities. This means that you list out everything that you own as well as what you owe. If this sounds tedious, but there are some free online tools can help you get this done, such as Mint.com.
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Topics: Life Insurance, Financial Planning and Life Insurance, Estate Planning, Financial Future

Are New Year's Resolutions a Good Idea?

Posted by Philip Ranger

Dec 24, 2016 8:36:00 AM

Are you one of the many people that flood into the local fitness center during the first weeks of the new year, determined to make a change? How about tossing out all of the sugar in the kitchen or vowing to give up social media - except on the weekends? Many of us make resolutions at the start of the new year with the best of intentions, only to fall back into the same habits in short order. So, it's a pretty common debate about whether New Year's resolutions are a good idea at all or even healthy.

Why News Year's Resolutions Are a Good Idea

New Year's resolutions are an excellent idea for several reasons. Anyone who is willing to sit down and take stock of their life and see where a few things might need improvement should be commended. Setting goals can work but only if done properly.

Thousands of studies have been conducted on goal setting and the psychology of goals. Several overriding themes have surfaced from these studies. Among these are that goals should have meaning, be realistic, and be measurable. Setting a goal to lose 30 lbs. over the coming year is a noble quest, but without an action plan, you likely won't get very far. This is why too many goals, or resolutions, fall by the wayside.
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Topics: Financial Future, Health & Lifestyle

Winterization: 7 Tips To Keep You Comfortable and Safe

Posted by Philip Ranger

Dec 20, 2016 6:43:00 PM

When the temperatures start to drop, it can be tempting to shut all the doors and curl up with a blanket until the spring weather arrives. If you care about your home or other expensive possessions, this could be a mistake. Winter conditions can be rough on your home, your vehicle, and even your lifestyle so a little preparation can save you time and money long-term. Here are just seven winterization tips to keep you comfortable and safe this coming winter.

1. Prepare Your Yard

There are several things that you can do outside to prepare for the coming cold snap. You'll want to mow the lawn one last time, cut back flowers and shrubs, and store away all of your lawn equipment. Also, be sure to empty fountains and hoses and cover or put away patio furniture to protect it from the elements. If you have winter gear, such as a snow blower and de-icer, now is the time to take stock of those items.
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Topics: Health & Lifestyle, life

Top Gift Ideas for 2016

Posted by Philip Ranger

Dec 16, 2016 3:52:00 PM

Do you struggle with gift ideas for your loved ones? Buying gifts for a 2-year old might be a snap, but beyond a certain age, the holidays become a challenge for most of our loved ones. Whether you're shopping for your spouse, parent, teenager, or Uncle Joe, picking from the hottest trends is often a safe choice. If you're already straining for inspiration, we're here to help. Here are some of the top gift ideas for 2016 so far.

Top Children's Toys

Babies are easy to shop for, but even toddlers start to make choices about what they like and don't like to do with their time. A few of the hottest toys this year might actually get parents excited because they are both original and fire up our collective imaginations. Check out Hatchimals, which is a new release that was a hit at the 2016 Toy Fair. These are eggs that your children care for until they "hatch" a surprise animal like a bearakeet, draggles, or penguala.

Tech-savvy older children and adults alike will want to get their hands on the new PlayStation VR. Named one of the best inventions of 2016 by Time Magazine, this new virtual reality headset transports PS gamers inside their gaming universe for an entirely new, and unprecedented, experience.
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Topics: Health & Lifestyle, Holidays


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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