Term
Life Insurance; 3 Major Reasons to Buy
Author:
Ivon T. Hughes
Term life insurance
policies can financially protect your life.
Term life protects
you against an unexpected event like a prolonged illness or disease leading
to death. We cannot prevent death, but we can use the information about its
certainty for the benefit of our loved ones who are left behind to fend for
themselves once we have passed on.
Term insurance
is best because the coverage for the life insurance policy is greater for
lesser dollars than whole life insurance. It is very much a commodity product
in the Internet era that we live in today. Insurance agents are finding it
difficult to compete with the Internet and have moved on to higher value
policies and left low cost life insurance to be purchased online.
Term Insurance Protects Assets and Businesses
Term insurance
protects your assets that are not really yours until you clear the debt on
them. Have a mortgage on "your" home? Still making payments for
that sports sedan of "yours"? Most of us carry some level of debt.
This is acceptable because we earn a regular income which goes towards repayments.
When we die unexpectedly, our families are not only grieving the loss of
a loved one, but are expected to carry on life financially without this regular
income. Term insurance can help our families clear the debt, reclaim the
assets as their own and move on with life comfortably, due to the financial
space that has been created by your thoughtfulness.
Term life insurance
policies are the cheapest of all because the risk of death is more easily
quantifiable.
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Ivon T. Hughes, The Hughes Trustco Group Ltd.
Canadian Insurance Broker - Get a FREE Quote TODAY!
Tel: (514)842-9001 Email: [email protected]
Web: http://www.trustco.ca
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