life insurance

Life Insurance

Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured's beneficiaries when the insured dies.

"LEARN What You Need to Know BEFORE
Buying Term Life Insurance."

Term life insurance is possibly the only product that people really don't understand how to buy. If you buy a house, an airfare or a car, you compare prices to get the best deal.

But, until the Internet came along, you had no real way to compare the cost of the premiums for term life insurance.

Now you don't have to buy the term life policy the salesman is selling! You can order a term quote here to make sure you get the best deal!

You can save yourself serious money by comparing the prices from ALL the companies in Canada.

You can see that the smart ones will get a term life quote and get the BEST for themselves and their families. The rest will take what they are offered and pay far more money EACH MONTH.

Why Should I Buy Life Insurance?

Trajedy can strike at any time and it's important to be protect whats imprtant you want to enure that your legacy provides for your family, granschildren, your business or another aspect in your life.

Term Insurance

Term insurance provides you with life insurance for a particular period of time. The term insurance policy will pay a tax free death benefit to your benefiary should you pass way during the term you selected.

Term Life Insurance Features

  • Life insurance companies can provide different terms based on your needs such as term 10, term 15, term 20, term 25 and term 100.
  • Renewable until age 85 regardless of your health at renewal.
  • Provide preferred rates based on your health and lifestyle.
  • Option of converting a term insurance policy to a permanent insurance at any time until age 65.
  • Different payment arragements are offered from monthly, quaterly, semi-annual and annual.

Why Do You Need Life Insurance?

1
Provide for your wife and children

2
Insure your mortgage

3
Cover costs related to your funeral

4
Preserve your estate

5
For a key person in your business who is invaluable to your company.

Single Life versus Joint Life Insurance

  • Single Life Insurance: Insure yourself with single coverage, naming a beneficiary to receive your policy’s death benefit.

Joint Life Insurance

  • First-to-die
  • Joint First-to-die policies pay a death benefit when the first of all of the insured people dies. This is useful when the proceeds of the policy are going to be used to provide financial support to a spouse or family member, or to maintain a business.

  • Last-to-die
  • Joint Last-to-die policies pay a death benefit when the last of all of the insured people dies. This is useful when the proceeds of the policy are going to be directed towards offsetting estate taxes.

How much life insurance do you need?

Any of our licensed life insurance brokers can help you complete a needs analysis questionnaire to determine the appropriate amount.

Speak To A Life Insurance Broker

Everyone needs life insurance. Whether it is to protect your family or ensure the financial security of your children. We all have a need for some type of insurance.

The amount of coverage and type of insurance policy are best determined through a personalized review of your insurance needs with a qualified broker.

Your Brokers Network logo

About Your Brokers Network

Your Brokers Network has the knowledge to help you understand all your life insurance options.

The Hughes Trustco Group Ltd. is confident that our brokers operate at a high standard of ethics. To ensure that high standards are maintained, we have defined the standards we expect our intermediaries to adhere to.

Compliance - compliance with all federal and provincial laws and regulations and internal standards governing the sales process.

Status and introduction - providing clients with full and accurate disclosure of his/her status, qualifications and the services provided.

Competence - providing services, advice or information only where they are licensed and competent to do so.

Needs selling and continuous service - identifying the needs of the client before offering advice and providing continuous attention to these needs.

Disclosure - educating clients about the products and services offered by providing full and accurate disclosure of all facts required to allow the client to make an informed decision.

Priority of client's interest - giving priority at all times to the interests of the client when providing advice.

Confidentiality - holding the personal and business information of clients in the strictest confidence.

Documentation - providing clients with written copies of any advice given and retaining sufficient information in a client file to demonstrate the appropriateness of a sale.

TALK TO A QUALIFIED INSURANCE BROKER
We have qualified brokers in all provinces to look after your financial needs.