These incredible growth numbers are encouraging to those of us who experienced the recent downturn firsthand.
(PRWEB) December 19, 2012
IntelliQuote, one of the nation’s leading online life insurance agencies, is proud to announce a third consecutive quarter of exceptional growth. This announcement comes on the heels of similar figures released by fellow industry leaders.
Established in 1997, IntelliQuote has since earned a reputation as a top rated online life insurance agency. Widely recognized for providing world-class customer support and access to the most competitively priced policies on the market; IntelliQuote has quickly become the undisputed leader in online life insurance sales and service. Offering instant online life insurance quotes, from the industry’s top carriers, IntelliQuote has helped thousands of consumers secure the coverage they need, at prices they can afford.
The first three quarters of 2012 have proven to be very successful for many of those in the life insurance industry; as top agencies, like IntelliQuote, are reporting sales growth for three consecutive quarters. A report released earlier this year, from research and professional development organization LIMRA, found that new individual life insurance sales grew three percent in the first two quarters of 2012. The biggest driver of that growth was in indexed universal growth, which was up an incredible twenty-nine percent in the first half of the year. As more and more life insurance agencies release sales numbers for the third quarter, similar industry-wide growth is expected. In fact, LIMRA is forecasting continued sales increases over the next few years, due to economic factors including unemployment rates.
The life insurance industry as a whole experienced some major setbacks in the wake of the recent recession which gripped the U.S. economy from 2007 to 2009. The economic climate, during that time, had a devastating impact on life insurance sales. Furthermore, many consumers who had been carrying life insurance were unable to afford premiums and allowed coverage to lapse. In the end, the life insurance industry took a major hit. Over the next few years, policy sales remained at a slow crawl, a trend which has taken a turn for the better in 2012.
“These incredible growth numbers are encouraging to those of us who experienced the recent downturn firsthand,” said Gary Lardy, President and CEO of IntelliQuote. “We expected a rebound but to see such a quick and significant turnaround speaks to the resilience of the life insurance industry.”
Since the beginning of 2012 IntelliQuote has seen a remarkable shift in consumer behavior. Site visits, life insurance quote requests and policy sales have been steadily rising. After successfully closing out the third quarter of 2012, IntelliQuote is proudly reporting quarter over quarter growth; a trend which corporate leadership expects to remain consistent for the rest of 2012.
“We could not be more excited to see a renewed consumer interest in life insurance protection and we are honored to help so many hardworking families get back on their feet,” added Lardy.
Through the promotion of Life Insurance Awareness Month (LIAM), throughout September, and other consumer education efforts, IntelliQuote is doing their part to nurture sustained industry-wide growth. With plans underway to continue reaching end engaging consumers, interested in life insurance protection, IntelliQuote is preparing for a bright and prosperous future. Watch for more exciting announcements as they leverage their influence in the leading social media channels, and through their consumer focused life insurance blog, to help facilitate continued industry growth.
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.