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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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Planning Your Finances for 2017

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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Final Expense Insurance: It's Not What You Think

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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What is Burial Insurance?

Nov 27, 2015 6:11:00 PM

Burial insurance is designed to take care of your final expenses. It can also be referred to as funeral insurance. This type of insurance coverage may only be used to cover the expenses directly related to your funeral. There is no lump sum payment like what we are used to seeing with traditional life insurance. You may think of it like pre-paying your funeral costs before you die so that here will be money paid out at that time. There are however specific guidelines on how that money can be used which is different from life insurance.

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Life Insurance - A True Financial Asset!

Jun 19, 2014 8:06:00 AM

Often, we think of life insurance as a safety net; a means to protect those we love. While this is absolutely true, life insurance can also be a financial asset. Unlike other forms of insurance, life insurance provides protection for an event that is inevitable. As long as the policy is kept active during your lifetime, it will pay out at the time of your death. In addition to the death benefit, your life insurance can also serve as a financial asset.

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Estate Planning 101

Jun 5, 2014 7:19:00 AM

If you’re a little lost when it comes to estate planning, you’re not alone. However, having an estate plan in place is essential to your family’s financial health. Even if you don’t have many assets, or a large estate for that matter, estate planning is a critical component of your long term financial plan. This is precisely why we’re focusing today’s post on the basics of estate planning. By following these simple steps, you will be well on your way to establishing a sound estate plan:

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The Truth About Financial Planning and Raising Children Later In Life

May 19, 2014 9:02:00 AM

In recent years, there has been a growing trend with Americans choosing to have children later in life. In fact, government data tells us there has been a slow, yet steady, increase in the number of women giving birth in their mid-to-late 40s. Furthermore, adoption agencies nationwide are reporting that individuals in their 50s and 60s are choosing private adoptions.

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Life Insurance Explained: Choosing the Right Policy for Your Needs

Apr 14, 2014 9:44:00 PM

So you’re shopping for life insurance, but you’re not sure how to select the right policy for your needs. There’s so much to consider: How much coverage do you need? How long will you need coverage? Should you buy permanent or term coverage? With all of these unknowns, how can you possibly know if you’re making the right choice? That’s where IntelliQuote can help. As licensed life insurance advisors, we are in the business of helping our clients select the right policy for their needs. To get you started, let’s walk through the basics so we can help you find a policy that truly meets your needs.

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Estate Planning: Dividing Your Assets with a Diverse Family Dynamic

Apr 10, 2014 8:50:00 AM

Perhaps one of the most difficult parts of estate planning is dividing assets. At IntelliQuote, we often hear from individuals who are working to create an estate plan that provides for a blended family. When your estate includes a variety of assets and your family includes children, grandchildren, ex-spouses and/or new spouses, there can be a lot to consider. The good news is that, with some planning and strategizing, you can develop an estate plan that provides for all of your loved ones.

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