This rise in online life insurance applications is a great indicator of our growth as a company as well as a rise in consumer confidence.
El Dorado Hills, CA (PRWEB) July 16, 2012
Revered life insurance agency IntelliQuote, proudly announces year over year growth in online applications in the first two quarters of 2012; a trend which is being reported throughout the life insurance industry. As one of the nation’s highest rated online life insurance agencies, IntelliQuote is catering to a recent influx of consumers interested in purchasing coverage.
Founded in 1997, IntelliQuote has since established a reputation as a thought leader in the life insurance industry. Offering unparalleled customer support and instantaneous access to the highest-rated life insurance coverage on the market, IntelliQuote is the online life insurance agency of choice for thousands of consumers. With a growing staff of the most highly-skilled and knowledgeable life insurance agents in the industry, IntelliQuote is single-handedly setting the precedent for excellence in insurance sales and service. In addition, IntelliQuote works continuously to develop education materials, blog posts and tools to help site visitors understand their life insurance coverage options. In short, IntelliQuote simplifies the process of securing the best life insurance coverage available for the individual needs of each and every customer.
After the U.S. financial crisis of 2008, the life insurance industry experienced a major slump. New policy sales dropped substantially and many policy holders were forced to drop coverage due to financial strains. Over the past four years the economy has begun a slow rebound which in turn has helped to boost consumer confidence. As a result the life insurance industry is once again reporting positive year over year growth. In fact, numbers released by industry authority LIMRA revealed a five percent rise in individual life policy count in the first quarter of this year versus last. As consumers once again prioritize long term investments, including life insurance, industry leaders are jumping at the opportunity to assist.
After closing out two of their most successful quarters to date, IntelliQuote is proud to announce impressive year over year growth in online life insurance application submissions. They began the year with a historic 18 percent growth in applications, in the first quarter of 2012 versus first quarter 2011. Today, the IntelliQuote leadership team is excited to announce yet another incredible achievement; 11 percent year over year growth for second quarter 2012 versus second quarter 2011.
“This rise in online life insurance applications is a great indicator of our growth as a company as well as a rise in consumer confidence,” said Gary Lardy, President and CEO of IntelliQuote. “Many of the consumers we speak to today already have a keen understanding of the importance of life insurance protection, they were simply unable to afford coverage during the recent economic slump. We are honored to have the opportunity to help these individuals today, as they plan for tomorrow.”
The entire IntelliQuote team has been hard at work since this influx of life insurance applications first began. From helping new applicants understand their coverage options to assisting with the application process, IntelliQuote agents are working diligently to service new and returning customers.
“The more applications we receive, the more families we can help secure the protection they deserve,” added Lardy.
IntelliQuote’s success in 2012 speaks to a shift in consumer behavior. Like so many of their peers, IntelliQuote is experiencing record growth and planning for an exciting and prosperous future. Stay tuned in the coming months as IntelliQuote works to assist an even larger audience of consumers as they explore their life insurance options.
Headquartered in El Dorado Hills, California, Intelliquote is a highly respected innovator in the online life insurance industry. Offering instant online quotes, unrivaled customer service and access to the most competitive life insurance products on the market; IntelliQuote is the undisputed leader in the space. For more information about IntelliQuote visit http://www.intelliquote.com or call 1-800-963-6405.