Hughes Trustco will no longer be able to sell travel insurance for RBC.
May 3, 2006 (Press Release) --
Mr. Ivon T. Hughes of the Hughes Trustco Group today advised its life insurance brokers that as of Friday May 5th, they would no longer be able to sell travel insurance for RBC Insurance, as the company has discontinued its distribution through life insurance brokers.
"While this is not great news, Manulife has strong travel insurance products and I expect they will pick up the majority of the slack", said Mr. Hughes. "Originally the Manulife products were developed by Liberty Mutual which distributed its products widely across the province and country. Subsequently this company was purchased by Maritime Life which commenced to put its stamp on the operations."
However, when Maritime Life was sold to Manulife, the emphasis and direction of the travel insurance section changed yet again. And now with the withdrawal of RBC from the life insurance brokerage/travel insurance market, an aggressive step forward by Manulife to the sector can be anticipated.
Travel insurance, especially after 9/11, has become a must-have item. Along with your ticket and debt-free credit card, you need to have a comprehensive travel insurance policy. And that means an inclusive policy to cover all possibilities of sicknesses and accidents along with the lost luggage. If you are sick in a hotel room in a country where you don't speak the language, how are you going to communicate with the doctor? And what if there is no doctor available? Who pays the cost of travel, perhaps by ambulance, to get to a medical facility?
A comprehensive travel insurance policy will include all this and more. This is not a time to try to get a bargain or cut out what seem like frills. As you should not bargain over price with your plastic surgeon, don't bargain over the cost of your travel insurance.
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.
"While this is not great news, Manulife has strong travel insurance products and I expect they will pick up the majority of the slack", said Mr. Hughes. "Originally the Manulife products were developed by Liberty Mutual which distributed its products widely across the province and country. Subsequently this company was purchased by Maritime Life which commenced to put its stamp on the operations."
However, when Maritime Life was sold to Manulife, the emphasis and direction of the travel insurance section changed yet again. And now with the withdrawal of RBC from the life insurance brokerage/travel insurance market, an aggressive step forward by Manulife to the sector can be anticipated.
Travel insurance, especially after 9/11, has become a must-have item. Along with your ticket and debt-free credit card, you need to have a comprehensive travel insurance policy. And that means an inclusive policy to cover all possibilities of sicknesses and accidents along with the lost luggage. If you are sick in a hotel room in a country where you don't speak the language, how are you going to communicate with the doctor? And what if there is no doctor available? Who pays the cost of travel, perhaps by ambulance, to get to a medical facility?
A comprehensive travel insurance policy will include all this and more. This is not a time to try to get a bargain or cut out what seem like frills. As you should not bargain over price with your plastic surgeon, don't bargain over the cost of your travel insurance.
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.
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