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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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Entrepreneurs: How Term-life Insurance Can Simplify Your Life

Dec 27, 2014 10:30:00 AM


“Entrepreneurship is living a few years of your life like most people won’t so you can spend the rest of your life like most people cant.” - Warren G. Tracy’s student.

Never were truer words spoken that summed up the essence of every entrepreneur. It is this dedication to success that fuels the fire that burn in their bellies. But the reality is that the road to success as an entrepreneur is often uphill and filled with roadblocks, and until you get your financial footing, you and your family need to make smart choices and prepare for all outcomes.

Today’s post will discuss in detail how term life insurance can benefit you and your family during the highs and lows of the rollercoaster ride of self-employment.

1) Necessary simplicity: Working for yourself is a reality that many wish for, but few can execute. Sure, not having to answer to a boss seems ideal, until you become the head honcho who has to wear multiple hats at any given time. The last thing you need is more stress in your life as you figure things out. A no-frills life insurance policy is the perfect solution to your complicated day-to-day life. You set the premium for the coverage you choose and the money will go to your appointed beneficiary after you’re gone.

We think that sound’s much simpler than planning out next year’s marketing strategy, don’t you?

2) Won’t lighten your wallet (too much): When you’re starting out as an entrepreneur, money is tight, so you must squeeze every drop of value from every dollar that leaves your pocket. At IntelliQuote, we understand your financial struggle, as well as your commitment to your family’s well-being. That’s why we’re proud to say that term life insurance policies, depending on your coverage, are both affordable and critical purchases that every entrepreneur should invest in. Oh and if you think moderately priced-insurance premiums are a pipe dream, you’re wrong. According to the 2014 Insurance Barometer Study, 80% of participants overestimate the true cost of life insurance protection.

3) Scale your coverage: Any successful entrepreneur will tell you that flexibility is one of the keys to reaching the top and staying there. You must be able to adapt your company to the ever-changing business environment. The same concept holds true for life insurance. As your business gains traction and your purse strings grow looser, you may want to upgrade your coverage or convert your term policy for a permanent policy to shield your family from any hard times you may fall on in the future. Some insurance companies allow policy holders to choose from either option, so you can scale your insurance coverage as you scale your business.

At IntelliQuote, we understand that the life of an entrepreneur, while exciting, is far from easy. And keeping your family protected during your quest for success is even harder. Term life insurance should ease your worries, not add to them.

Get the real story of insurance policy premiums by getting a personalized quote today!

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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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The 5 Life Events that Merit a Life Insurance Review

Dec 18, 2013 9:14:00 AM

Regularly reviewing your life insurance coverage is an important practice, regardless of your stage in life. Not convinced? In today’s post we will walk you through the 5 life events that merit a review. Who knows, you might find the time to reevaluate is now!

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Your Guide to a Successful Life Insurance Quote Comparison

Oct 18, 2013 8:11:00 AM

As you consider your life insurance options, completing some good old fashion comparison shopping is key. Just as you would never make a major purchase or financial decision without first shopping around, you should always complete a side-by-side life insurance quote comparison before selecting a policy. If you’re currently in the market for life insurance, we encourage you to follow our easy, step-by-step life insurance quote comparison guide:

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Why Now is the Time to Get Your Estate Plan in Order

Oct 8, 2013 1:14:00 PM

On a scale of 1 to 10, how confident are you that your estate plan is in order? If you fear that your estate plan is lacking, you’re not alone. In fact, according to a 2012 survey published at OnWallStreet.com, 31% of respondents admitted to procrastinating in preparing their estate plan. Furthermore, 61% admitted to having fears that their children would struggle with carrying on the family’s financial legacy. This is why we’re devoting today’s post to estate planning, and the importance of acting now!

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Why There Is No Time Like the Present to Get Your Estate in Order

Sep 15, 2013 8:40:00 AM

We’ve discussed the importance of estate and long term care planning on many occasions here on the IntelliQuote Life Insurance Blog, however we felt that it was time to once again tackle the topic. Though most Americans are well aware of the great need for estate planning, including long term care planning, statistics show that many of us are grossly under prepared.

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Spring Cleaning: The Perfect Time to Review Your Life Insurance Coverage

Jun 11, 2013 6:51:00 AM

Spring is in the air! As the weather begins to heat up from coast to coast, we’re rolling back our sleeves and tackling the projects we’ve put off all winter. But what about our finances? All too often we set out to get our lives in order and we forget to reflect upon the fundamentals.

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The Anatomy of a Term Life Insurance Rate

May 8, 2013 11:17:00 AM

So you’re comparing life insurance rates but you’re not sure if you’re getting a good deal? The best way to understand if you’re in fact getting a competitive rate is to familiarize yourself with the anatomy of a term life insurance rate. There are several factors that come into play and ultimately determine your out-of-pocket cost. Let’s take a closer look at each:

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