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The Intelligent Life Blog

Helping millions of Americans become educated
in making intelligent decisions around their life needs

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Four Of The Most Bizarre Insurance Policies

Apr 1, 2015 11:30:00 AM

What do a blinding white smile, twin babies and a mega lottery jackpot all have in common?

If you guessed that all three were going to be featured on an upcoming reality show, we can understand how you’d arrive at that conclusion. But the truth, believe it or not, is that all three of the above are related to unusual and outright bizarre insurance policies.

1) Insuring Your Flesh: Celebrities are an unusual bunch. They’re human, but also can be privileged and famous, so they name their children after things like fruit and map coordinates. They don’t have to worry about things like making sure they’re financially solvent to pay for a loved one’s final expenses and debts or covering the cost of their child’s college education in the event of their death.

Instead, some celebrities have insurance policies for parts of their own body. Star of the now defunct Ugly Betty, America Ferrera once endorsed Aquafresh White Trays, an at-home teeth whitening system. Apparently, her sparkling smile dazzled the company so much, they took out a $10 million dollar Lloyd’s of London policy on her smile.

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Term Life Insurance: What It Is. What It Isn’t.

Feb 13, 2015 4:30:00 PM

We want to set the record straight.

We understand that the words ‘term life insurance’ can conjure up a lot of assumptions and puzzled looks. At IntelliQuote, we’re in the business of creating clarity, so for today’s post, we’ve decided to share a quick guide to highlight what term life insurance is and isn’t in order to squash any misconceptions floating around.

Term Life Insurance - What it isn’t:

1) A magic pot of gold: Who doesn’t want extra money? The idea of borrowing money (tax-free) against an insurance policy sounds tempting, even to the most conservative spender, but unlike permanent insurance, term life insurance has no cash value. With term life insurance, your coverage is valid over a certain time period, and payout takes place if the inevitable occurs within this time frame. You also have the flexibility to change beneficiaries.

2) Asset protection: Are you looking to keep the cash value of your policy and death benefits under the radar of creditors? If this is the case, then a term life policy won’t help, but a permanent life policy may be an option.

3) Guaranteed lifetime protection: The premise behind term life insurance is that it’s good for a predetermined amount of time which you set in advance. If you pass on during this time period, the policy will pay out at the time of your death. However, term life insurance does not offer you level premium protection after the guarantee period.

Term Life Insurance - What it is:

1) Uncomplicated (relatively): One of the biggest assumptions people make when it comes to life insurance is that it’s complicated. Term life insurance, on the other hand, is pretty straightforward: you assess your current expenses, and these expenses (along with other factors) determine what your coverage should be. Of course, a knowledgeable advisor will ask you the right questions to get a true sense of your total costs. An added perk is the simplicity allows for easier comparison shopping for you.

2) Protection for your family for less: Does the idea of premiums dredge up images of steep monthly payments? You can rest assure that term life insurance is one of the most affordable ways to protect your family from life’s unexpected twists and turns.

3) Option to convert later: The above example discussed the affordability of life insurance. But what if you want an insurance policy with a cash value down the road to supplement your income or to have a lifetime of coverage? A term life policy with a conversion privilege gives you the option to convert to permanent life insurance at a later date.

We hope this scoop on what term life insurance is and what it isn’t will help keep you in the loop, because at IntelliQuote, we believe that a well-informed customer is a lifetime customer.

Curious to know more about how term life insurance can fit into your life? Head on over to our quotes page and start your journey today.

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What Our Customers REALLY Think About Us, In Their Own Words

Nov 11, 2014 1:00:00 PM

Every company likes to think they’re the best.

Whether they sell insurance or igloos, many companies claim their services are top notch. It makes sense, when you own or work for a company, you have a sense of pride, and you want to project that to the world.

We at IntelliQuote think our company is the best, but we also believe that it’s not what we say about our company that makes the biggest impact, it’s what others say about us.

In today’s post, rather than toot our own horn, we thought we’d let our customers do the shouting for us and share what the IntelliQuote experience means to them. We don’t provide transactional services--any company can do that. We believe it’s all about the experience. But don’t take our word for it…

1) Empathetic: If you’re shopping for life insurance for the first time, you probably have a lot of questions and concerns, right? You want to speak with someone who can relate to what you’re feeling. One reviewer spoke highly of one of our advisors: “From the first moment, her approach reassured me that this experience would be different. She was extremely knowledgeable, funny and sympathetic all at the same time. She walked us through everything and saved us 50% on our rates. Amazing! We are referring all of our friends and family to Shauna.”

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Do You Really Need Life Insurance?

Jul 14, 2014 10:05:00 AM

While all of us here at IntelliQuote would make the argument that almost everyone needs life insurance, we also understand that some have a greater need than others. In order to help determine if you are in need of coverage, we would like to pose a few questions:

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Blending Permanent and Term Life Insurance: Could it be the Right Approach for Your Family?

Apr 7, 2014 8:27:00 AM

So you’re shopping for life insurance, and you’re trying to decide if permanent or term life insurance is right for you. What if we told you the answer might be both?

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Life Insurance and Cash Management: Protecting Your Business

Apr 3, 2014 8:46:00 AM

Traditionally, we think of life insurance as a tool to protect our loved ones and personal assets. While there is a very real need for this type of protection, life insurance can also help protect your business. Life insurance can be used to protect a business from the loss of key people, to fund buy-sell agreements and even to assist with cash management.

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Why the Aging Workforce May Still Need to Carry Life Insurance

Mar 27, 2014 12:13:00 PM

The average American is planning to work longer than ever before. This can have a huge impact on everything from a retirement plan to insurance needs. If you, or a loved one, are part of the older workforce, we encourage you to take special note of today’s post. At IntelliQuote, we’re helping more and more professionals who are working well into their 60’s, 70’s and even 80’s find life insurance. While it is incredible that many of these individuals have continued working, it is important to keep a few things in mind:

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Life Insurance Protection and Family Members with Special Needs

Jan 30, 2014 7:30:00 AM

Having life insurance in place to care for those who depend on you is essential, particularly if you have a family member with special needs. There is so much to consider when planning for your loved one’s future, as well as your own. This is why it is so important to carry insurance coverage to provide for them if you are no longer able.

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