Group insurance is personal insurance
(life, disability, or health) that covers the lives of a group
of persons and their dependents who have some common
association, such as being employees of the same company,
members of the same profession, or alumnae of the same
university.
Most Group Plans involve employer/ employee relationships.
Group
insurance plans generally provide
the same coverage to all members of the group regardless of
their health status, age and gender. Coverage can rarely be
tailored to the specific needs of individual members.
Keyman
Insurance - Business Insurance
Business owners and other key
executives spend considerable time and effort to acquire the
knowledge, experience judgment, reputation, relationships and
skills that make them valuable to the business. When they die,
the business loses a key member of the management team and this
can have a severe financial impact.
Key person insurance provides assurance to a small business’s
creditors and employees that the
business will continue even if a key person dies. The life
insurance proceeds provide immediate cash to cover the
business’s working capital needs and to find and train a
suitable replacement for the person who died. The value of these
benefits should far exceed the cost of the life insurance.
(250) 390-1995 1-800-668-7558
Zulak Financial Group Ltd.
(250) 390-1995 1-800-668-7558