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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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Oh Baby! That's a New 'To Do' List!

Mar 6, 2017 9:17:00 PM

Nine months sounds like plenty of time to plan for your new baby's arrival until it's you who is doing the planning. After the initial shock and celebration of your expanding family, there is still a lot to get accomplished. Here are just a few things to put on your to-do list, including several financial matters that you'll want to address.

Your Expectant Parents To-Do List

A lot of what you'll do in the months leading up to your child's birth is exciting. You get to pick out birth announcements and decorate a nursery in your home. Picking out and buying baby clothes and other pint-sized items can become addictive.

A few of the items on your list that might seem more like chores are more frequent doctor's visits and finding ways to deal with hormones and discomfort. Aside from all of the errands that you'll be running, you will also want to review your financial matters.




What 20-Somethings Need to Know About Life Insurance

Oct 3, 2016 3:25:00 PM

We tend to feel pretty invincible when we're young. Hard won experience shows that this isn't always the case. Young adults may come down with terrible diseases or be victims of tragic accidents on a daily basis. Those gruesome thoughts aside, if you're in your 20s and haven't thought about buying a life insurance policy, you're not alone. Here are several reasons why you should consider buying life insurance now, and what you need to know to select the right coverage.

Why You Should Buy a Life Insurance Policy

Life insurance is the ultimate financial tool to prepare for those unforeseen events that can be financially devastating for those we leave behind. If you think that you aren't leaving anyone in a lurch, be absolutely certain about this. Do you have student loans or other debts that family members have co-signed for you? It would be in poor taste to leave those debts to someone as your legacy. Likewise, someone will need to pay your final burial expenses, as unpleasant as that sounds.




Under 30 and Wondering if You Should Buy a Life Insurance Policy?

Feb 11, 2016 10:40:00 AM

Younger singles and married couples don’t always take the time to think about life insurance. They lead busy lives; in addition to jobs and other responsibilities, many people under 30 are also raising young children. However, being under 30 means that having a life insurance policy still offers a number of advantages that can add to your peace of mind and provide security for loved ones.




3 Ways Millennials Can Maximize Their Life Insurance Policies

Mar 16, 2015 12:30:00 PM

If you’re a millennial, you know what it’s like to have technology at your fingertips— literally. This is the generation that has grown up plugged into the Internet, and many of you have spent the majority of your lives in front of a computer.

Yet IRL (in real life), despite being the most technological-savvy generation, you’re also the most underinsured. Roughly 25% of all Gen Yers (18-29) don’t have health insurance. So it’s not surprising that millennials are also less likely to have life insurance. In today’s blog post, we’re going to discuss the reasons why millennials should invest in life insurance, and three ways you can maximize your policies.

1) Buy your own insurance: If you’re thinking that you don’t need additional life insurance because you have a policy through your job, that’s a costly assumption to make. What happens if you get laid off or fired? Once your position dissolves, so does your coverage, leaving you vulnerable.

We know that since you’re young, you may feel invincible at times (we were young at one time, too), but accidents and unforeseen bad fortune don’t discriminate when it comes to age.

Another advantage of your youth, besides having more energy and bouncing back quicker from a hangover, is the lower rates. The younger you are, the less of a health risk you are, which means lower rates. 




15 Reasons You Need Life Insurance Before 40

Feb 3, 2015 7:00:00 PM

Is life insurance really necessary in your 30s?

After all, you’re young. You’re healthy. You’re going to be around for a long time, right?

Diem Brown knew better.

Ms. Brown, a former MTV Real World star battled cancer three separate times in her life over an 11-year period, starting at the age of 23. Sadly, she lost her fight this past November, at the age of 34.

You think you have all the time in the world. Until you don’t. That’s why today, we’re going to give you 15 reasons why you should get on board with life insurance before you blow out the candles at your 40th birthday party.

1) Payments from your life insurance policy after you pass on can help your family to recoup any costs that your health insurance didn’t cover.

2) Insurance ensures your funeral costs and personal debt are covered if you were to pass on unexpectedly.

3) No kids of your own? No problem. You can name your favorite charity as a beneficiary and leave the proceeds to them.

4) Life insurance is your chance to leave your loved ones with something to remember you by without having to sock away extra money.

5) Insurance can supplement income for your spouse in the event of your death.

6) Money left to your beneficiaries can double as an extra college fund upon your passing.

7) Unused funds set aside for long-term care will be awarded to your beneficiaries if you don’t need them.

8) Death benefits are not taxed (depending on the policy amount and the state where the deceased person lived).

9) Your rates are cheaper now than if you wait until you turn 40.

10) Since you’re starting earlier, you have more time to increase your coverage as you make more money.

11) Pre-existing conditions are looked upon more favorably (especially when you have the condition under control), because the premise is you’ll live longer when you are proactive in managing you health.

12) You’ll have peace of mind for years to come.

13) You’ll be able to supplement your employer-provided life insurance with your own policy.

14) An affordable way for you to cushion yourself and your family for future financial obligations.

15) The sooner you sign up for life insurance, the less time you have to think about your own mortality.

The unthinkable doesn’t discriminate and can strike any of us at any age and at any time; it’s completely out of our control. However, you can control how well your family is protected in the aftermath.

Do the right thing for yourself and your family, visit our quotes page and start on the road to a brighter future.




5 Surprising Reasons to Buy Life Insurance Before You Have Kids

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. 




5 Life Insurance Tips for New Parents

Jul 18, 2014 1:49:00 AM

You’ve just begun a new chapter in your life as parents. With so much new-found responsibility, what steps can you take to protect your new bundle of joy? Let’s start with these simple life insurance tips:

1. Understand Your Options

Before you begin shopping around or comparing life insurance products, it is up to you to first understand your basic options. There are two types of life insurance: term and permanent. Term life insurance is typically more affordable and provides coverage for a given amount of time. Permanent life insurance is designed to provide coverage throughout your lifetime and can also serve as an investment tool. To learn more about the risks and benefits of each, be sure and read this complete blog post on the topic.




Have You Insured Your Love?

Jul 3, 2014 7:48:00 AM

Each year the folks at LIMRA remind us to “insure our love” with life insurance protection. This annual campaign serves as an opportunity for insurance professionals and industry organizations to shed light on the great need for life insurance protection. According to LIMRA, 85 percent of Americans agree “most people need life insurance,” yet millions are
uninsured or underinsured. This is why we’re reminding you in today’s post of the many reasons to insure your love.