Disability Insurance Rates Slashed
March 20, 2006 (PRLEAP.COM) Business News
Montreal, Canada. Today Ivon T. Hughes of the Hughes Trustco Group (disabilitylifeinsurance.com) announced that, effective immediately, Canada Life has drastically cut their premiums for disability insurance clients in Canada. If you smoke cigars, a pipe or cigarillos, you will be considered a non-smoker. Thus your premium rates for short term disability insurance and long term disability insurance will be the same as for non smokers."Long term disability insurance premiums are heavily influenced by lifestyle factors, so this is definitely a step ahead for the consumer. A smoker may have a healthier lifestyle than a non smoker. Thus a heavy drinker may be more at risk than a light smoker. This problem has now been addressed , at least partially”, said Mr. Hughes.
"Many people get quotes on disability insurance but are turned off by the high premiums. Lowering the disability insurance rates in any way is therefore very welcome news."
More information can be found on the site at http://www.disabilitylifeinsurance.com
About Canada Life
Founded in 1847, The Canada Life Assurance Company, (Canada Life) was the country's first domestic life insurance company. The Company provides insurance and wealth management products and services from coast to coast in Canada, and internationally.
About the Hughes Trustco Group
The Hughes Trustco Group went online in June 1998 to supply information about life insurance to consumers from all the life insurance companies. The website is visited every day by persons seeking information on term life insurance, disability insurance, critical illness and all forms of life & health insurance. Life insurance quotes are provided from all the companies allowing the client to make an independent assessment.