INSURANCE

What We Do

We have access to a variety of insurance products that can help meet your financial security planning needs. No matter your personal situation—we will work together to design a customized plan.

Life Insurance

In the event of death, life insurance offers surviving family members financial security. As a tax-free lump sum payment, it can pay for final expenses, debts, as well as provide income for the deceased’s dependents.

There are a number of advantages of life insurance which include:

Financial security for your loved ones at a time when funds are most needed.
Tax free benefits.
Avoid probate costs by naming a beneficiary other than your estate.
Potentially offer your loved ones creditor protection through some life insurance plans.
Build tax-advantaged capital for retirement purposes or provide liquid savings through some permanent life insurance plans.

Critical Illness

Suffering a critical illness is distressing for both you and your family. Help ease the burden through insurance that will reduce financial stresses and can complement disability and life insurance protection needs. By helping pay for the additional expenses often associated with a critical illness or condition, insurance offers you, your family, and if applicable, your business, added financial security—so you can focus on recovery.

The advantages of critical illness insurance can include:

Coverage for up to 25 critical illnesses or conditions.
An initial lump-sum benefit you can use however you wish—from making mortgage payments to seeking medical treatment outside Canada.
Home-care costs during illness and recovery periods.
Even if you’re not disabled from working, you may receive payment.
The ability to provide a return of premium benefit (optional).
Individuals who cannot obtain disability insurance in some cases still qualify for critical illness coverage (e.g. a non-income earning spouse).

Disability Insurance

Income is important for both current financial obligations (e.g. grocery bills and mortgage payments) and for future financial security (e.g. planning for your children’s education or for retirement). Just think what might happen if you suddenly lost your income stream due to disability.

Disability insurance products help protect your ability to earn an income, which can be affected if you are afflicted by a disability or other condition.

We can help you choose the disability insurance products that provide advantages like:

Helping maintain your financial independence, lifestyle and long-term financial security plan in the event your income is impacted by disability.
Assist with paying fixed expenses for your business if you become disabled.
Support the buy-out of a disabled partner’s share of a business.

Health & Travel

Depending on your situation, you may or may not be covered under an employer’s group benefits plan. If not, we can help you choose a health and dental plan that can help cover out-of-pocket medical and dental expenses for you and your family. These plans are designed to provide various levels of enhanced healthcare protection, depending on your needs and the stage of life you’re in.

When designing your customize health and dental insurance package, you can choose from an array of services. Options include:

Prescription drugs, which many consider one of the most valuable forms of health coverage.
Paramedical services, ranging from the use of an ambulance to a visit to the massage therapist.
Vision care if you or your family members wear glasses or contact lenses.
Protection while on vacation or a business trip with out-of-country medical coverage.
Access to private or semi-private hospital rooms.
Dental care can include basic dental work as well as a portion of orthodontics, depending on your level of coverage.

Get more Info

For more information on all of your insurance needs, contact Zakus & Associates Wealth Management Inc. today!