It is not always easy to make a choice when trying to find the right life insurance policy or choosing an insurance agency, but one website makes it easy. IntelliQuote is not just an insurance website, it is an actual online life insurance agency. Through its many insurance company partners, you can receive a quote for term life insurance, universal life insurance, senior & final expense insurance, children’s life insurance, and accidental death insurance. IntelliQuote is licensed to operate in 50 states.
The company was founded in 1997 by its current owner Gary R. Lardy and is headquartered in Eldorado Hills, California. Within three years of beginning operations, the company had written over 10,000 life insurance policies, making it one of the largest online life insurance agencies at that time.
How It Works
At IntelliQuote you can get a quote for life insurance or final expense insurance from one of the company’s partner insurance carriers. One great thing about this online insurance agency is that it does not have any insurance partners who are rated below an "A-" by A.M. Best rating organization. What this means is that all quotes you receive or any policies you purchase are placed with highly rated and financially stable insurance companies. Some of the companies that IntelliQuote represents include:
- The Lincoln National Life Insurance Company
- American General Life Insurance Company
- Banner Life Insurance Company
- Globe Life
- ING Reliastar
- Protective Life Insurance Company
To receive a life insurance quote, you must complete an online form that asks questions including date of birth, gender, height, weight, tobacco use, type of coverage desired, name, phone number, and your geographic location. This information is used to provide you with an accurate and personalized life insurance quote. Your personal information is secure, as IntelliQuote is a TRUSTe certified privacy website. You can choose to receive a life insurance quote on term life insurance for terms of 10, 15, 20, 25, 30, or 35 years or you can choose your quote to provide coverage to age 100. Coverage amount options range from $5,000 to $10 million.
Once you enter all your personal information online and receive your quotes, you will then speak with an agent over the phone to finalize your decision and purchase a life insurance policy. If you need assistance at any time during the quoting process or if there is just something you do not understand, a licensed insurance agent is available to speak with you and answer your questions. After your policy is issued, you can also receive service from the IntelliQuote website. To keep its customers fully satisfied, IntelliQuote offers a 10-day money back guarantee if you are not completely satisfied.
If you need information before making a purchasing decision, there are a number of resources available to you at the IntelliQuote website, including articles, videos, and a blog about life insurance basics and how to find the right policy for you.
IntelliQuote has a Better Business Bureau rating of "A+" and has also received recognition from Forbes Magazine as one of the “Best of the Web” insurance websites. Transamerica and Prudential Financial have also awarded IntelliQuote for being a top performing life insurance agency.
- Good customer satisfaction ratings
- Excellent reputation from financial and insurance organization
- Easy-to-use website
- Ability to quote, bind, and service policy from the same website
- Top-rated insurance company partners
- You must enter a great deal of personal information to receive a quote
- No ability to get a quote for multiple lines of insurance
The Bottom Line
With IntelliQuote, you get an insurance marketplace and an insurance agent all rolled into one. You can receive a quote, bind coverage, and service your policy all from the same website. IntelliQuote is reputable and uses top-rated insurance companies. You can receive a life insurance quote with a wide range of policy terms and coverage amounts to choose from. I would recommend the site to anyone who wants to buy a life insurance policy online. The only drawback is the lack of personal attention you can receive from a local agency. It all depends on your personal preferences. To receive a life insurance quote or get more information about life insurance products, you can visit IntelliQuote or call 1-800-963-6405.