Desjardins Life Insurance
Desjardins Groups is among Canada’s largest insurers, offering a diverse selection of life and living benefits products through their network of credit unions and brokers. Ideal for individuals, families, and businesses, Desjardins can help you create a plan that works within your budget to cover your needs.
Desjardins offers the following insurance plans:
Overview
Eligible ages
Eligibility and age limits depend on the chosen term and individual circumstances.
Amount of Coverage
Tailored to individual needs and eligibility.
Duration of coverage
Coverage Duration: Available terms include 10, 15, 20, 25, or 30 years, or up to age 65.
Additional benefits
Affordable premiums that remain fixed for the selected term.
Flexibility to adjust coverage as needs change.
Options to renew or convert to permanent life insurance without a medical exam.
Overview
Eligible ages
50-75
Amount of Coverage
Options of $5,000, $7,500, $10,000, $15,000, or $20,000.
Duration of coverage
Lifetime Coverage
Additional benefits
No medical examination is needed; eligibility is determined by answering four simple health-related questions.
Coverage begins immediately, no waiting period required.
Premiums remain fixed and do not increase with age.
If accidental death occurs before age 85, beneficiaries will receive five times the insured amount.
Overview
Eligible ages
Eligibility and age requirements vary based on the selected payment term and individual circumstances.
Amount of Coverage
Lifetime protection with flexible premium payment options, including 10, 15, or 20 years, or payments extending to age 65 or 100.
Duration of coverage
Tailored to individual needs and eligibility.
Additional benefits
Fixed premiums remain stable throughout the payment term.
Access cash surrender value starting the fifth year, offering partial refunds if coverage is reduced or canceled.
Additional coverage options, such as Critical Illness Advance and Long-Term Care Advance.
Overview
Eligible ages
Determined by underwriting criteria; consult a Desjardins advisor for specific details.
Amount of Coverage
Flexible and adjustable to meet your financial needs.
Duration of coverage
Lifetime protection, as long as the policy remains active.
Additional benefits
Tax-Free Savings:
A portion of your premiums is allocated to an accumulation fund, which grows tax-free and can be used to pay premiums or increase coverage.
Flexible Payments:
Adjust the amount and frequency of premium payments to suit your financial situation.
Investment Options:
Choose from over 30 investment options to align with your risk tolerance and goals.
Disability Support:
Withdraw funds tax-free from your accumulation fund during critical illness, disability, or loss of autonomy.