Testimonials

Mr. Ivon Hughes has provided me with outstanding service and counsel in helping to identify and obtain the appropriate type and amount of life insurance to suit my financial needs and family circumstances.
- T. Finkel, ON

I would just like to take this moment thank you for the exceptional service you have provided me and my husband. You have proven to be efficient and always available to deal with issues or answer question. Thank you once again.
- V. & R. Davis, ON

I can state that my association with Mr. Hughes and his company, Hughes Trustco, has been most satisfactory both as a supplier of services and as a client.
- J. Clark, PQ

I am pleased to say that 15 years later, my insurance needs are still met with the same interest and attention as they were in 1989!
- L. Riddell, PQ

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TERM LIFE INSURANCE ARTICLES

Term Life Insurance Quotes for Singles

Author: Ivon T. Hughes

Term life insurance quotes are rarely a concern of single people, but they should be. Unfortunately, there is a misconception that term life is something owned only by families in the event that the chief breadwinner dies.

Term life insurance quotes and policies should be on the minds of everyone, not just parents and families, for a couple of reasons.

Mortgage Life Insurance

While people are still getting married and buying homes, the same is true of many single people. For single individuals who own a home, getting life insurance through comparison shopping is important.

If a property owner dies without insurance, the bank who handles the mortgage, would take back the home and sell it as quickly as possible in order to recoup their loss. Imagine how heartbreaking that could be for the person's family.

However, if the owner had simply investigated the cost of a term life policy, he or she could have found an affordable policy that would have allowed their loved ones to pay off the mortgage and to keep the property. Even if they chose not to live in the home, it could have been sold at a higher price or turned into rental property to provide income for the beneficiaries. No matter how the property is used, at least the deceased's investment would not have been wasted.

Term Life Insurance for Other Singles

Of course, not all singles own a home but that doesn't mean they shouldn't be considering a term life policy as well.

They may not need mortgage life insurance, but they certainly need term life insurance to cover the expenses of their funeral, burial plot, and possible medical bills. Most singles don't plan for these expenses in advance and without a life insurance policy, loved ones would be left with a potentially large financial burden.

Additionally, investigating prices of term insurance and making a decision can also prevent family members from being left to cover other types of debt, such as car loans and credit card bills which don't simply disappear when a person, whether single or married, dies.

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Ivon T. Hughes, The Hughes Trustco Group Ltd.
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Tel: (514) 842-9001 Email: [email protected] Web: http://www.trustco.ca
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