Podcast Interview with Ivon Hughes - LifeAnnuities.com - Part 1
The following personal finance podcast has been brought to you by Canadian Money Advisor. You can find us at www.cma1.ca/1.
Monty Loree: Hey folks this is Monty Loree here from Canadian Money Advisor and I've got Ivon Hughes from hughestrustco.com. Hey Ivon, how are you doing?
Ivon Hughes: Fine, thanks Monty.
Monty Loree: Thanks for being our second podcast interview in the 100 personal finance podcasts for Canadians event. So basically, what's your deal? What are you all about? You're doing life insurance/life annuities?
Ivon Hughes: We're doing life insurance and life annuities. I've been doing them since 1972 actually. We're licensed right across Canada and we sell a lot on the internet. We sell life insurance on the internet, we give life annuities and generally we just mix them up for all our clients.
Monty Loree: I know that, I've seen your website online for a lot of years. It's close to ten years that you've been online.
Ivon Hughes: We first went online in 1998 and it seems very short if you're talking about age but very long if you're talking about the length of time that you're online. We've been sitting here since 1998. We pioneered a few life insurance and about life annuities, how people could buy them, why they should buy them. We let all questions and people generally ask.
Monty Loree: You said you're licensed to deal across Canada?
Ivon Hughes: I'm not licensed, I can't get licensed in the capital provinces because of residential qualifications. But apart from that, we deal with everybody.
Monty Loree: Okay. So I guess that question goes to somebody in Albert or Ontario or BC?
Ivon Hughes: Absolutely.
Monty Loree: They call you up and they want help. Let's talk about life annuities today because that's something that is pretty interesting. I guess the first question that I've got about that is, what age group do people need to start thinking about life annuities. Let's just start right back up to the beginning of what is a life annuity?
Ivon Hughes: A life annuity is basically where you exchange a bunch of money for a guaranteed payment. In other words, let's say the man/woman/couple are 65/68 or whatever and maybe they're fed up with the interest rates going up and down like a yo-yo, the stock market being extremely volatile and they maybe are just fed up with that. Maybe they've got some fixed expenses and they've got a couple of hundred thousand dollars or maybe only $50,000.00. Whatever it is, they exchange that amount of money or the $500.00 or $1,000.00 or $2,000.00 a month. They don't care whether the interest rates go up or down or the stock market goes up or down. They're fixed for life now.
The following personal finance podcast has been brought to you by Canadian Money Advisor. You can find us at www.cma1.ca/1.
Monty Loree: Hey folks this is Monty Loree here from Canadian Money Advisor and I've got Ivon Hughes from hughestrustco.com. Hey Ivon, how are you doing?
Ivon Hughes: Fine, thanks Monty.
Monty Loree: Thanks for being our second podcast interview in the 100 personal finance podcasts for Canadians event. So basically, what's your deal? What are you all about? You're doing life insurance/life annuities?
Ivon Hughes: We're doing life insurance and life annuities. I've been doing them since 1972 actually. We're licensed right across Canada and we sell a lot on the internet. We sell life insurance on the internet, we give life annuities and generally we just mix them up for all our clients.
Monty Loree: I know that, I've seen your website online for a lot of years. It's close to ten years that you've been online.
Ivon Hughes: We first went online in 1998 and it seems very short if you're talking about age but very long if you're talking about the length of time that you're online. We've been sitting here since 1998. We pioneered a few life insurance and about life annuities, how people could buy them, why they should buy them. We let all questions and people generally ask.
Monty Loree: You said you're licensed to deal across Canada?
Ivon Hughes: I'm not licensed, I can't get licensed in the capital provinces because of residential qualifications. But apart from that, we deal with everybody.
Monty Loree: Okay. So I guess that question goes to somebody in Albert or Ontario or BC?
Ivon Hughes: Absolutely.
Monty Loree: They call you up and they want help. Let's talk about life annuities today because that's something that is pretty interesting. I guess the first question that I've got about that is, what age group do people need to start thinking about life annuities. Let's just start right back up to the beginning of what is a life annuity?
Ivon Hughes: A life annuity is basically where you exchange a bunch of money for a guaranteed payment. In other words, let's say the man/woman/couple are 65/68 or whatever and maybe they're fed up with the interest rates going up and down like a yo-yo, the stock market being extremely volatile and they maybe are just fed up with that. Maybe they've got some fixed expenses and they've got a couple of hundred thousand dollars or maybe only $50,000.00. Whatever it is, they exchange that amount of money or the $500.00 or $1,000.00 or $2,000.00 a month. They don't care whether the interest rates go up or down or the stock market goes up or down. They're fixed for life now.
