Zesty. Co enjoys a reputable place in Canada with its reliable products and services to the Canadian people. They work to the best of their ability in taking care of their customer in providing peace of mind with their satisfactory services. Customers are thrilled to get financial support from Zesty. Co, they need to pay funeral costs or any other final expenses at any time.
Zesty. Co is the name you can trust when getting a final expense insurance plan. Their friendly and experienced agents, based in Canada, provide the best customer service to their people. Zesty final expenses insurance is underwritten by a premier Canadian life insurance company, a brand you can rely on every time. It has serviced over 2 million Canadians for more than 60 years. Zesty final expenses insurance is certainly the product you should rush towards to protect your end expenses and get the very deserving peace of mind.
Eligibility
Qualifying for zesty final expense insurance does not require a long list of things from you, as the company aims to provide you with the services that satisfy you. You get eligibility for their final expense coverage if, at the start date, you are:
- A resident of Canada (note that zesty. co does not extend the coverage to the residents of Quebec)
- age d 40-80
If you fulfill these requirements, the Canadian Premier will accept your application for zesty final expenses insurance, and you can get their services at your disposal.
Coverage Provided in Zesty Final Expenses Insurance
With all the regular coverage provided by the policy, Zesty final expenses insurance provides you the coverage for non-accidental death in case:
- Suppose the policyholder dies before 12 months from the policy start date, which is the policy’s waiting period. The Canadian Premier will return all the accumulated premiums to the policyholder’s beneficiaries in that case.
- If death occurs 12 months after the policy start date, the beneficiaries will get the benefit amount.
- If death occurs due to an accident, the beneficiaries get three times the benefit amount
- If the policyholder reaches the age of 110, he will get the benefit amount and will no longer take responsibility for the policyholder.
How Much Coverage Does the Policy Provide
The policy’s initial maximum benefit is $25,000, while the minimum benefit for the life insured under the coverage is $3,000. Only if you chose and kept paying for the Increasing Benefit Option might the initial maximum benefit amount go beyond $25,000.
Your policy schedule includes the benefit amount you chose. The maximum benefit amount authorized (including any previous automated increases) will be determined by the life insured’s age at the time of the request and any maximum benefit amounts in effect at that time if you request an increase in the benefit amount after the start date.
Process of Premiums
Your premium is determined by the benefit amount you choose, the age, gender, and smoking status of the life insured, and whether you choose the Increasing Benefit Option.
After being approved for coverage, your policy schedule will be sent to you and include the premium amount that must be paid.
Your chosen bank account will be debited each month on the day of your choice for the payment of your premium. You will make payments through Canadian bank accounts in Canadian dollars ($). Premiums are due each month.
Unless you choose the Increasing Benefit Option, your premium will not change during your insurance. In that situation, as specified in your policy schedule, your premium will automatically increase each year on the anniversary of the date of purchase by a fixed amount equal to 4.5% of your initial premium amount.
Until the policy anniversary on or after the insured person turns, 95 are premiums for their life due.
If you skip two consecutive monthly premium payments, your coverage will expire with no value or benefits provided or due. If that happens, the Canadian Premier will no longer take responsibility for you by this policy.
If you miss the premiums, the company may contact you to explore alternate payment plans and try again to collect the premium from your designated bank account. The coverage will be reinstated if the unpaid premiums are fully paid to Canadian Premier. Your benefit amount may be reduced by the amount owed to us as of the date of your death if you fail to make a monthly premium payment and pass away before the subsequent payment is due.
Can I Change my Insurance Policy
Your policy can change in the following manner:
Changes you can make
If you miss two consecutive monthly premium payments, your coverage will expire with no value or benefits provided or due. If that happens, the Canadian Premier will no longer take responsibility for you following this policy.
If you miss paying your premiums, the Canadian Premier may contact you to explore alternate payment plans and may even try again to collect the premium from your designated bank account. The coverage will be reinstated if the unpaid premiums are fully paid to Canadian Premier. Your benefit amount will be reduced by the amount owed to us as of your death if you fail to make a monthly premium payment and pass away before the subsequent payment is due.
Increasing your Benefit Amount
The benefit amount increase will be subject to a new waiting period starting from the date the change is made and any maximum benefit amounts that are in effect at that time if you choose to increase the benefit amount for life insured at any time (other than through automatic benefit amount increases under the Increasing Benefit Option).
Regardless of your mental state or whether a mental health disorder was present at the time of death, you will not get the additional death benefit if you commit yourself within two years of the date the increased benefit amount was applied.
Changes that the Canadian Premier Can Make
- If the Canadian Premier believes such modifications are necessary, they may alter your policy’s terms and conditions.
- A change in the relevant laws may also require the Canadian Premier to make amendments.
- The scope and nature of the coverage offered by your policy may vary due to these modifications.
- At least 28 days before any change takes effect, we will notify you in writing.
Naming the Beneficiary
We will give the beneficiary you specified in your application the benefit sum. You can change the beneficiary by sending us a documented beneficiary change request. Any benefit amount that becomes payable will be given to your estate if no beneficiary is alive when the life insured passes away.
Can I Cancel my Zesty Final Expenses Insurance Policy
You have 30 days from receiving your policy documents to ensure you are happy with your coverage and decide whether you want to keep it. If you want to cancel your policy, you can email them at their email address. After receiving your cancellation request, zesty will cancel your coverage and send you a confirmation letter.
You will get a refund of the premiums you have paid, subject to no valid claim being made. If you wish to cancel your coverage after 30 days, you can do this by contacting us. If you do, you will not receive any refund of the premium. If you do not cancel, your policy will start and end as set out in these Terms and Conditions and your policy schedule, with premiums collected as agreed.
Note that the Canadian Premier reserves the right to cancel your coverage in the following circumstances:
- if they found your claim false or fraudulent
- If the policyholder provides the wrong date of birth or other false information at the time of application
- If the policyholder has failed to pay two consecutive premiums that were due or as permitted by applicable laws
Conclusion
If you want to ensure that your final expenses are covered in the event of your passing, zesty final expense insurance is a fantastic choice. This kind of insurance can give you peace of mind and the knowledge that your loved ones won’t have to bear the financial burden of your death, thanks to its universal coverage and reasonable prices. To ensure you obtain the best coverage and value for your money, it is crucial to investigate and compare various policies and firms. When chosen wisely, zesty ultimate expense insurance can be a fantastic way to give your family financial stability and comfort.