Life Insurance
Participating Life Insurance
- A competitive dividend scale interest rate of 6.3%, effective until June 30, 2026.
- Permanent coverage with guarantees on the premium, the basic insurance amount and its cash surrender value, and potential of stable growth in policy value over time.
- Flexible solutions with different dividend and payment options to optimize the value of your clients' wealth while giving them access to cash surrender values during their lifetime.
- Additional Deposit Option (ADO): Flexible solution that allows your clients to make voluntary deposits based on their needs, in addition to the guaranteed premium payment, so they can take advantage of the potential accelerated growth of policy value.
- 5 Pay Par: A unique product on the Canadian market. It has the advantage of being simple, since the 5-year premium payment period is guaranteed, and no additional deposit is required, regardless of participating account performance. It requires only a short-term financial commitment. Your clients can pay their premiums faster than ever.
Term Life Insurance
- Term life insurance is generally more affordable than other life insurance products. It is a simple and flexible solution that provides your clients with financial security at every stage of their lives, with coverage starting at $50,000.
- In the first seven years of the policy, your clients can exchange their existing term life insurance for longer-term life insurance to better meet their changing needs, without providing new evidence of insurability.1
- T20, T25, T30 and T65 are available for children age 15 days or older.
- 14 permanent life coverage options are available for conversion2, up to age 70, without providing evidence of insurability.
- An excellent option for estate planning, our Association Option allows your clients to exchange, to age 70, individual term coverage for joint last-to-die permanent coverage by adding a new insured.3
- The Insurability Option4 allows our clients to split their joint coverage into two individual permanent coverages, without having to provide evidence of insurability. Upon the first death, the surviving insured person age 65 or under has 90 days to apply for individual permanent coverage. This option can also be exercised during the insured persons’ lifetime, as their needs change. This makes it a particularly useful solution for couples and business partners looking to ensure coverage continuity.
Whole Life Guaranteed
- Whole Life Guaranteed Insurance offers permanent coverage with a wide choice of payment periods: 10, 15, 20 years, to age 65 or 100.
- A guaranteed fixed premium throughout the whole payment period.
- Guaranteed cash surrender values increase over time and are available from the 5th policy year.
- Reduced paid-up insurance from the 8th policy year.
Universal Life Insurance
- Permanent life insurance is a flexible solution that meets short or long-term coverage needs, depending on the cost of insurance chosen, and allows to invest in the policy's tax-sheltered accumulation fund.5
- The insurance product can be used to pay tax at death, maximizing the value of the estate left to loved ones.
- More than 30 diversified investment options are available.
- The coverage includes a Disability Annuity Payout (DAP), which allows your clients to receive a non-taxable annuity in the event of disability, loss of independence or critical illness.6
Hybrid Insurance
- Life with Long-Term Care Advance: Payment of a tax-free benefit in the event of loss of independent existence8 or death. This option allows your clients to get the care they need when they are no longer able to look after themselves. The life insurance amount is reduced by any benefit amounts paid, with a minimum guarantee of 25% of the initial amount of $250,000 or less.9
- Rare product on the market offering two coverages in a single policy.
- Life with Critical Illness Advance: Payment of a tax-free benefit upon the diagnosis of one of the 26 critical illnesses💡covered by the policy and upon death. This option can help your clients finance care, pay for medications not covered by a public or group plan, or deal with unexpected illness-related expenses. The life insurance amount is reduced by any benefit amounts paid for a critical illness.
1 The Exchange option can be exercised within the first seven years of the policy for the following products: T10, T15 and T20 (up to age 60) and T25 (up to age 55). This option is not available for T30 or T65.
2 Products available for conversion | Webi (desjardinsassurancevie.com) : Please refer to Webi for more information on the permanent products available for conversion.
3 Evidence of insurability is required for new insureds who don’t already have life insurance including an association option with Desjardins Insurance.
4 The Insurability option is not available for T65.
5 As long as the cash surrender values remain in the policy. The withdrawal may trigger a taxable policy gain.
6 Certain conditions and limitations may apply.
7 Cognitive impairment endangering the insured person's health or safety.
8 Loss of independent existence is defined as the inability to perform, with no assistance, at least two of the six activities of daily living (bathing, dressing, toileting, continence, transferring and eating). The monthly benefit is paid after a 90-day waiting period, if the policy has been in force for at least 10 years and the insured person is aged 65 or over.
9 For life insurance amounts $250,000 and above, the death benefit is guaranteed at 25% on the first $250,000 (corresponding to the portion eligible for the long-term care advance), plus 100% on the excess amount.