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www.trustco.ca Term Life Insurance faqs Frequently questioned questions for Canadians What sort of life insurance is best for me? Question and answer from The Hughes Trustco Group in Canada Cheap Life Insurance in Canada The people who need term life insurance the most are often the ones who let it go or who place it off. In most cases, these are young families with children at home, and they place off buying a life insurance policy because money is tight for these families. Unfortunately, the results can be tragic, when one parent or provider dies unexpectedly and leaves a young family with a drastically reduced income, not to mention hospital, funeral home, and burial expenses. For families such as these, the best route is not to skip life insurance altogether. Clearly term life insurance is a necessity, not a luxury. But the realities of their economic situation may dictate that they buy the cheapest, most economical plot available to get the coverage they need. There are two considerations in looking at cheap term life insurance plans. First, you have to look at what kind of life insurance is cheapest for you, and second you have to look at which companies can offer you the best deal on that kind of life insurance. What kind of policy to buy In terms of the sheer cost of monthly premiums, comparisons show that in nearly every case, term life insurance is the least expensive. This is because it is more often bought by younger, healthier people who are less likely to require …

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