Canadian
Term Insurance Explained
Author:
Ivon T. Hughes
Canadian term
insurance may be a new idea for many people who think of whole life insurance
as simply a policy you pay throughout your lifetime, but term insurance is
actually a better option for most people for several reasons.
Term life insurance
is basically a life insurance policy that lasts for a specified period of
time. Unlike whole life insurance policies which last from the moment they
are purchased until the policy holder's death, Canadian term insurance may
last for 10, 20 years or to age 100. While this sounds the same, you will
pay much lower premiums and get higher coverage when you opt for term insurance
from any of the major insurers in Canada.
Term life insurance
is ideal protection for younger people and for breadwinners because coverage
amounts can be chosen to cover the amount of the family mortgage, car loans,
current debts; problems that you would not want to burden your loved ones
with in the event of an accident. When something unforeseen results in the
death of the family's breadwinner, the economic results can be immediately
devastating, but a term life policy can be the rescue net your family needs
at this traumatic time. Plus, during the coverage period of your policy,
your premiums will never change so you'll always know exactly what you'll
owe to keep your policy in good standing.
TERM LIFE
QUOTES
Premiums for term insurance vary with your health, age, and lifestyle influencing
whether you will pay a higher or lower amount. However, you can use the Internet
to request a term life insurance quote online to get the lowest premium possible.
The Hughes Trustco Group provides you with quotes from all the insurance
providers so you can do your own life insurance comparison and select the
premium and the policy that meets your needs.
Back
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Ivon T. Hughes, The Hughes Trustco Group Ltd.
Online Insurance Broker - Get a FREE Quote TODAY!
Tel: (514) 842-9001 Email: [email protected]
Web: www.hughestrustco.com
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