Intelliquote Life Insurance Agency Review
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Written by
Chris Huntley
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Reviewed by
Rachael Brennan
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UPDATED: Nov 19, 2021
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Table of Contents
What’s New in 2021 for Intelliquote Life Insurance Agency
From 2020 to 2021, a lot has happened. Businesses have responded and adjusted to the “new normal” brought on by the COVID-19 pandemic. Many companies are seeing new growth or sustainable revenue after working through the initial shock of this world-changing event.
So, what’s new for Intelliquote Life Insurance Agency in 2021? Let’s find out if COVID-19 has played a part, what new products or changes they’ve rolled out, any mentions in the news, and what current online reviews have to say.
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How Has Covid-19 Affected Intelliquote Life Insurance Agency?
Since Intelliquote is one of many fully online life insurance companies, there doesn’t seem to have been much change since the COVID-19 pandemic hit in early 2020. The company is still offering quotes to interested parties online or over the phone.
New Products or Changes
There haven’t been any new products or changes made to Intelliquote Life Insurance Agency lately. Their most recent launch was in 2020 and in conjunction with SGI Canada and Custom Software Solutions Inc. (CSSI) to allow brokers access to real-time data exchange for policy adjustments. Their role was small, helping transfer data between its rating service and SGI Canada’s policy management system in real-time.
Intelliquote Life Insurance Agency In The News
Intelliquote Life Insurance Agency hasn’t made the news this year – or even in 2020. Per our research, we found the latest news from Intelliquote dated back to 2013, a long way from being considered ‘recent.’
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2021 Latest Intelliquote Life Insurance Agency Reviews
You can learn a lot about a company by its reviews.
Intelliquote Life Insurance Agency’s TrustPilot rating is 4.9 on average. It has 412 reviews currently, with the majority of them falling within the “excellent” rating. Reviewers found the company to be helpful and easy to work with and many of them noted how much money they were able to save when switching from another life insurance provider.
According to the Better Business Bureau, however, the company is no longer in business, which doesn’t seem to be accurate according to the company’s website.
On Yelp, the business only has three reviews with an average of 2 stars. Two of the reviews were one-star while the third was 4-star, skewing the average. The two 1-star reviews center around errors made and lies told by the employees, while the 4-star review sings the company’s praises as a “fast and easy way” to get life insurance quotes.
While I’m not affiliated with Intelliquote also commonly called InteliQuote and Intelli Quote, I’ll admit there are many benefits to doing business with a life insurance agency like Intelli Quote.
They have a good name in the industry amongst other insurance professionals, and by no means do I intend to defame them in any way in this Intelliquote Review.
There are, however, a few drawbacks to using a large agency, so weigh your options carefully.
Advantages of Using Intelli Quote
Here are the main advantages of working with Inteliquote:
- Full Service, Well Established Agency – To begin, there’s no doubt Intelliquote insurance services is a legitimate contender in the life insurance industry, licensed in all but 2 states, and dominating the Google search engine for multiple life insurance keywords. They also offer products from A to Z, from term and whole life insurance to guaranteed issue and final expense types of policies.
- Knowledgeable, Well-Trained Agents – In life insurance, the name of the game is finding the insurance company willing to offer you the best rating, because the best rating equals the lowest premium in most cases. The agents at Intelli Quote are trained to ask questions about your health, lifestyle, smoking habits, and weight before giving any quotes, and I’ve heard they are generally very good at offering legitimate quotes rather than “teaser rates.”
- Term Life Insurance – They also offer Term Life Insurance Quotes on their website for free, but you have to fill out a lot of information before seeing a quote.
- Independent Agency – Since they’re contracted with multiple life insurance companies, they can take your case to the company that will offer you the best deal in most cases.
Glassdoor offers some additional insider information about Intelli Quote employment and management.
Disadvantages of Using Inteliquote
The only disadvantage I’d like to point out in my Intelli Quote Review is that they have grown too large.
I’ve heard from other industry insiders that they have dozens of insurance agents, who have strict production requirements, which affects service in a couple of ways.
How much detailed attention do you expect to receive from an Intelliquote agent when he/she needs to take 5 applications per day to make a living?
Is Intelli Quote Best for Your Needs?
Many life insurance cases, particularly ones when medical impairments are involved, require a few hours of research prior to giving quotes, such as calling up insurance company underwriters describing your case to see how they might rate you. Intelliquote agents simply don’t have time for this level of service, and most will try to quote you and sell you during your first conversation.
Next, don’t expect to ever speak to your Intelli Quote agent again after your policy goes in force. Again, remember, he/she has to keep picking up the phone and drumming up new business.
RELATED: 5 Critical Tips You Must Know Before Buying Life Insurance
So let’s say you have a child or a grandchild. How many people think to add a child or grandchild to their life insurance beneficiary list? Or let’s say you quit smoking or lose a lot of weight after putting a life insurance policy in force… Did you know you can apply for reclassification and potentially reduce your premium down the line?
The point is, every insurance agent should be making annual check-up calls to review their clients’ current situation and be sure they are getting the best deal on the market, ask about health changes, confirm beneficiaries and address, etc., but I’ve read many Inteliquote reviews stating that Intelliquote clients never hear from their agent.
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Comparing Premiums to Intelli Quote Life Insurance
Intelli quote has no leg up on anyone when it comes to insurance premiums, since in the life insurance industry, premiums are level across the board.
What you pay at my agency is what you pay at Inteliquote, and is also the same if you call the insurance provider directly. The only competitive advantage a company can gain is by specializing in impaired risk cases, and knowing which company will likely make a better offer than the others.
Intelliquote insurance services is very good at this selection process, but as thorough as some independent agents who work at smaller agencies, and have the time to dedicate to each case.
RELATED: Check Sample Life Insurance Rates by Age (No Personal Info Required)
Final Thoughts on Intelliquote Life Insurance Reviews
In summary, Intelliquote is a wonderful life insurance agency, but I don’t feel they are the best out there.
If you learn one thing from this Intelliquote review, please know there are many other independent life insurance agents, such as my own, that offer a superior level of service to their clients.
We rarely give quotes on the first call because we don’t believe in “selling” life insurance.
We do our research, present the best quotes, educate our clients about the different life insurance options, and allow the client to decide for him/herself. To compare life insurance quotes – use our form on the right for an instant quote.