Term life insurance
is for a parent who is worried about a child's education and having the financial
protection that life insurance can offer," says Ivon T. Hughes of The
Hughes Trustco Group "Without term insurance protection, every parent's
best laid education plans will fall apart if an underinsured parent dies".
Regardless
of your income or assets, term life insurance is the key to protecting the
financial future of your loved ones as it offers the greatest protection
for the lowest cost.
Surveys show
that roughly one-third of North American adults have no term life insurance
protection. Four in 10 single parents have no life insurance coverage of
any kind. Nearly half of North Americans are worried that if they die tomorrow
their families would not be financially secure.
Term life insurance
offers protection; without it, financial security is illusory. In the case
of premature death, life insurance helps families pay for living expenses
-- including mortgage and education payments -- when the income of a loved
one is lost. Without this protection, the resulting financial stress frequently
undermines all other goals.
Term insurance
can protect against sharp reductions in living standards by replacing assets
cut short by premature death. For example, a family's retirement plans will
be reduced, simply because the individual's death interrupts the deposit
and long-term growth of the assets. Business owners and those with significant
assets also use term life insurance to pass assets to their children in a
tax-efficient manner or as a vehicle for charitable gifts. Without life insurance's
tax free payment, many families would lose the family business or fail to
leave a lasting legacy to their favorite charity.
Term life protection
remains the foundation of your family and your financial programs. Death
often strikes suddenly, so goals that require continuing funding such as
a child's education are especially vulnerable.
Term insurance
is one back-to-school basic parents should simply not live without and you
can get your quotes send to you now.
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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: info@trustco.ca
Web: http://www.trustco.ca
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