QuickQuote.com, the Reno-based
online insurance aggregator, is now working
with IHateFinancialPlanning.com to offer
quotes on short-term health insurance.
IHateFinancialPlanning.com, a personal
financial planning web site, is now
providing its customers insurance quotes
through a link to QuickQuote.com.
Both companies are subsidiaries of
international financial services firm ING
Groep N.V.
QuickQuote.com, founded in 1995 by
Dan and Debra Wager, was the first
online insurance quote service. In 1999
the Wagers sold the business to ING.
Today, the company provides consumers
with comparative quotes on insurance
for term life, individual/family health,
dental/vision and travel.
Its business model is based on an
agency model, in which, like a brickand-
mortar agent, it receives a commission
on every insurance policy sold, said
Tim Bain, president and CEO.
The company was founded in Incline
Village but moved to Reno three years
ago because of the larger labor pool, said
Bain.
The company employs 15 people,
including eight licensed agents who provide
customer service.
As a subsidiary of ING, the company
doesn't break out its financial numbers.
But Bain said QuickQuote.com has a
database of over 10,000 customers.
Suzanne Hunstad, a spokeswoman
for IHateFinancialPlanning.com, said customers
of the site will be able to order
health insurance by filling out an on-line
application and making a credit-card payment.
Most policies will be in effect within
24 hours, she said.
