AccuQuote Blog

Our life insurance blog is dedicated to providing you with valuable information from experts on the topics of insurance, financial planning and personal finance.

A Baby Boomer’s Education about Baby Boomers

In the back to school swirl that we’re in, I thought I’d teach the readers of this blog about a group I’m very familiar with: Baby Boomers.  How familiar?  Well, I am one!  At 56, I’m a full fledge Boomer! 

Many people don’t even know what defines a Boomer, how large a group we are, or what we’re all about.  Well, let’s change that. Here’s a quick education on my people (stats courtesy of

- Baby Boomers are defined as those born between 1946, the end of World War II, and 1964 (I came into this world in 1958!)

- There are currently about 77 million Boomers in this country

- As of July 2011, Boomers make up approximately 25% of the total U.S. population; we’re a force to be reckoned with!

- 10,000 Boomers turn 65 per day (Happy birthday to my Boomer brothers and sisters!)

- Baby Boomers want to take control, as that’s the way they’ve lived their whole lives (I should know—remember, I am one!); when it comes to planning and fulfilling and PAYING FOR their end-of-life wishes, us Boomers naturally want to control that as well! 

That last point brings me to a new joint venture AccuQuote just launched.  eMorials is a new initiative ( that takes us Boomers through the process of defining – and paying for – their end-of-life wishes.  After logging in at the site, visitors can specify if they want burial or cremation, how they wish their final service, memorial and/or family gathering to be conducted, and any other details they can thinkof (you’ve probably seen news about creative requests – like having your ashes spread in a sports stadium or a celebration with only music handpicked by the deceased).  Younger and older adults can also create a free account at

AccuQuote comes in when site users want to pay for their plans through final expense insurance.  You can request that someone from AccuQuote contact you about funding your plan right there on  And remember, we can get you a final expense policy QUICKLY and EASILY! 

Follow eMorials on Twitter here and on Facebook here.  And of course, go to the site and check it out.

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Posted in AccuQuote News , Insurance Industry News , Life Insurance | No Comments »

Life Insurance 101

Life Insurance 101

August is here, and while I only have one kid left in college, it seems all everyone wants to talk about this month is going back to school.  With that in mind, here’s a quick life insurance education.  Additionally, below I dispel some myths and confirm some facts about the most important product mankind ever invented (that’s right—what else allows you to replace your income for pennies on the dollar AND protect your family!?!  The wheel was a pretty valuable invention, so I’d listen to an argument for that).

Group life insurance through your employer is sufficient

Fiction. While the rates are low, the coverage you receive through work is rarely enough. Most companies will not provide enough to care for your family in the event you die. Plus, that coverage is not portable, meaning it’s gone if you no longer work for that organization.  Check with your employer about how much coverage you have, and then you’ll quickly realize how much you need more.

You only need life insurance if you’re married with children

Fiction. If you have anyone depending on you financially, you need life insurance.  In other words, if you died tomorrow, would anyone close to you be affected by the loss of your income?  A customized life insurance solution is available for whatever stage of life you’re in—single, married, retired, married with children, stay-at-home parent, etc.

If you’re a beneficiary and a death claim is filed, the money you receive is tax free

Fact. In almost all situations, the death benefit money you collect is free of federal income taxes.

You always have to take a medical exam if you want life insurance

Fiction. While you must take an exam for traditionally underwritten term and permanent policies, there is coverage you can obtain without having to take a medical exam.  Final expense whole life insurance is often available through a simplified process, and in some instances with guaranteed approval regardless of health factors.  Term and universal life coverage also comes in the form of simplified issue policies, which offer $250,000 in protection quickly without an exam.

Life insurance is too expensive

Fiction!  Here’s where people really get it wrong.  Life insurance is one of the few products that is significantly less expensive now than it was 20 years ago (it’s pretty hard to come up with others – cars cost more, electronics and technology cost more, houses and real estate are more expensive).  But the statistics really tell the story; a recent LIMRA/Life Happens study showed that consumers overestimate the cost of life insurance by nearly three-fold.  That means you probably think life insurance costs WAY MORE THAN IT DOES!  This one belongs in the FICTION section!

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Posted in Insurance , Life Insurance | No Comments »

Freedom On My Mind

Even though the Fourth of July is in our rear view mirror, I’m still thinking about freedom.

Believe it or not, life insurance and freedom are related.  When you or your family receives a death benefit, that money for the most part is delivered tax free.  When you know your family is protected, you are free from the heavy burden that comes with NOT having life insurance.  When you decide to do the right thing and get a quote, it’s FREE and takes only 5 minutes.

You’re probably thinking, I’m healthy, I’m (sort of) young, I’m not going to die.  And you’re probably right – that is, chances are you won’t die tomorrow.  But you will die.  I can guarantee it.  I’ve been in this business for almost 30 years, and I’ve met plenty of people who said they’d “get to life insurance later” or they “didn’t have time right now” to think about life insurance.  And I’ve seen cases where a person continues to put it off only to unexpectedly die.  This stuff really happens.

Let’s be frank -- no one gets excited about buying life insurance… paying premiums… and coming to grips with the fact that you’re going to die.  But that day will come.  And when it does, will your family have enough money to pay for your funeral, monthly rent or mortgage payments, food, tuition, clothes, medical expenses, car payments and utilities?  Will the people you love most still have the freedom to live life the way you want them to?

You can either die with life insurance or without it.

But ask yourself this before going another day without coverage (or without enough coverage):  Can you fathom a scenario where you’d be better off dying WITHOUT life insurance?

If YOU don’t do something, WHO WILL?  If not NOW, when?

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Posted in Accidental Death Insurance , Term Life Insurance | No Comments »

The Motley Fool Gets It Right

As Jason Hall adeptly points out in his piece on The Motley Fool, people are living longer these days.  That’s good to know, because it means I’ll have many more days like Tuesday – my birthday – in the coming years.

Jason’s more important point in his story, in which I was heavily quoted, is that “you probably don’t have enough life insurance – if you have any at all.”  It’s refreshing to read a member of the media GET IT RIGHT.  So many journalists get it dead wrong when it comes to life insurance!  Case in point:  A former AccuQuote employee who still keeps an eye on life insurance news sent me an article last night that was full of, in his words, garbage advice.  After reading it, I couldn’t agree more – the whole article was totally off base!  I’m not going to link to it because I’d be doing a major disservice to the readers of this blog, but let’s just say it appeared on a major site and was written and published by reputable sources.  How do editors let this stuff see the light of day?!?

I realize I can’t expect to see in print that life insurance is the most amazing product ever invented (even though it is!), but it kills me to see writers and reporters completely miss the boat when it comes to telling important stories about life insurance.  This is why I’m never too busy to talk to media – so I can help them write more articles like Jason’s TMF piece. 

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Posted in AccuQuote News , Insurance Industry News , Life Insurance | No Comments »

Everyone Has A Story...

Calvin Lampert has been a customer of AccuQuote since 2006.  In 2012, Ishani and Cal completed a Policy Review analysis and together determined that Cal needed another $350,000 term policy because his other policy was expiring.

Two months prior to Ishani’s call in 2012, Cal had just completed a physical exam; he was in perfect health. However, the carrier would not approve Cal’s new $350,000 term policy without additional testing.  Ishani never heard from Cal again until May of this year.

It was quite an emotional reunion. After realizing it was Ishani, Calvin said, “I love you, you saved my life. I didn’t remember your name so I couldn’t get back in touch with you to thank you.”

Cal shared his story: he decided in 2012 that, while annoyed, he’d submit to additional medical testing.  Immediately after the test, the doctor calls.  “I’ve got some not so good news for you,” said the physician.  “You’ve got a blockage and you need to get to a surgeon quickly.” 

Cal was shocked.  He learned he had a 95% blockage in his carotid artery.  Only two months prior, he was deemed to be in perfect health.  The doctor asked, “What prompted you to come for this test?”  The doctor explained that this is a silent killer because most people have a stroke or just die without ever knowing they even had an issue.

Cal emotionally told Ishani, “If it were not for you, I might not be here now. I can’t thank you enough! . . .I am electing myself the President of the Accuquote fan club. I tell everyone that will listen what your company, especially you (Ishani), did for me.” 

We are thrilled to say that Cal is now healthy and visits the doctor regularly.  Thanks for sharing, Cal.

So what’s your story?  Share your story at

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Posted in Life Insurance , Personal Life Stories , Term Life Insurance | No Comments »