AccuQuote, a Leader in Providing Affordable Term Life Insurance to People, Finds Success Amidst Recession and Troubled Insurance Industry

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According to LIMRA International, life insurance sales were down 11% industry-wide in 2008. But not at AccuQuote, one of the nations largest term life insurance quoting and brokerage firms. The company finds success amidst recession and troubled insurance industry creating jobs in the Chicago-land area.

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I believe the people behind a product or service are about as important as the product or service itself. Our employees live the AccuQuote motto, which is to provide remarkable and personal customer service.

According to LIMRA International, life insurance sales were down 11% industry-wide in 2008. But not at AccuQuote, one of the nations largest term life insurance quoting and brokerage firms.    

In just the past year, AccuQuote increased its revenue by more than 20 percent and continues to add to its staff of already more than 200, despite the industry's problems.    

Byron Udell, founder and chief executive officer says, "Now, more than ever, consumers are seeking the best life insurance values. They want to protect their families, but need to be careful about spending more than necessary. In these uncertain times, they are looking for recognizable, highly-rated, financially stable insurance companies that offer the best combination of price and guarantees. Companies, like AccuQuote, that can deliver all this are actually seeing their sales grow."    

Last year, Udell's Chicago-based business and satellite sales office in Colorado placed in-force more than $11 billion in life insurance coverage, a 20 percent increase from 2007. In addition, AccuQuote's revenue grew to over $23 million.

Mr. Udell says AccuQuote's recipe for success to attract and retain customers takes a different approach, "I believe the people behind a product or service are about as important as the product or service itself. Our employees live the AccuQuote motto, which is to provide remarkable and personal customer service."

Mr. Udell's vision for 2009 and beyond? The company plans to increase revenue by 20 percent again in 2009 along with a corresponding increase in staff.

"I feel fortunate to be able to provide so many people with jobs and continue to hire in 2009 while so many other companies are laying people off," says Mr. Udell. "AccuQuote has been able to continue to grow even during tough economic times due to the vision and performance of our employees. We hope to continue to attract the top talent and people who share the AccuQuote philosophy and passion. "

About AccuQuote
AccuQuote helps consumers find the best values in term life insurance by combining instant online quotes with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a life insurance needs calculator to help you figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance, and a blog which answer many questions about life insurance. For additional information or to get quotes for cheap term life insurance, please call 1-888-314-4455.

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Denise Mancini
AccuQuote
800-442-9899 ext. ext. 258
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