EL DORADO HILLS, Calif., Feb. 10, 2011 /PRNewswire/ -- Valentine's Day is one of the more traditional holidays to express how you care for someone. However, according to a recent study published by LIMRA, fewer of us today have insured the financial future of our loved ones. In 2010, it was found that only 44 percent of U.S. households have individual life insurance, and 30 percent of U.S. households have no coverage. According to leading life insurance expert Gary Lardy of IntelliQuote, during these times of economic uncertainty and increasing expenses, protecting your loved ones with life insurance is a lasting gift which should be considered.
"Providing for our loved ones' well-being today and into the future is the ultimate selfless act of love," said Lardy, CEO of IntelliQuote (www.intelliquote.com), a leading online life insurance agency. "Life insurance is one of the most cost-effective ways to ensure that, should anything happen to you, all or part of your income is adequately replaced to ensure the financial future of your loved ones."
The LIMRA study also found that in households with children under age 18, 11 million have no coverage whatsoever.
How do you determine how much coverage you need? In most cases, the younger you are, the more coverage you need to replace loss of income for your family. A policy can ensure your family may continue to pay the monthly mortgage, provide for your children's college education fund, cover your medical expenses and ensure your family can support their day-to-day living expenses.
It's important for consumers to be educated about the role life insurance can play in caring for the future of families.
"If you think about it, the main reason to purchase a policy is because you love someone. It guarantees that if something were to happen to you, your loved ones would be taken care of financially," said Marvin H. Feldman, CLU, ChFC, RFC, president and CEO of the LIFE Foundation. "February is the month of love, which makes it the perfect time to become educated about life insurance and learn how it can help protect the ones you love."
Researching and finding coverage is easier than ever. To determine the coverage you need, there are a number of online resources to research and shop online privately, securely and at your convenience to receive a term life quote, such as www.intelliquote.com. Also, www.intelliquote.com offers an online calculator to provide a quick and simple way to determine your needs.
A leading online life insurance agency since 1997, IntelliQuote provides customers simplified, private access to compare, shop and buy life insurance online, including term life insurance quotes. IntelliQuote offers clients a wide selection of competitive products from A-rated carriers, supported by licensed agents. This simplified approach makes purchasing a policy easy and straightforward while providing a savings of up to 70% per policy. IntelliQuote is a member of the LIFE Foundation and is committed to ongoing consumer education. For information on how to estimate how much coverage an individual might need, visit www.intelliquote.com.
For more information, contact www.intelliquote.com, or 888.883.6855.