Life Insurance
Participating Life Insurance
- A competitive dividend scale interest rate of 6.3%, effective July 1, 2024.
- Permanent coverage with guaranteed premiums and cash surrender values, and the potential of stable growth in policy value over time.
- Flexible solutions with different payment options to optimize the value of your clients' wealth while giving them access to cash surrender values during their lifetime.
- 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 the result of the participation account. 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 $25,000.
- In the first five 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
- Term 65 can be offered to young clients starting at age 0.
- 14 permanent life coverage options are available for conversion2, up to age 70, without providing proof of insurability.
- An excellent option for estate planning, our Association Option allows your clients to exchange, to age 70,3 individual term coverage for joint last-to-die permanent coverage by adding a new insured.4
- The Insurability Option allows our insureds to split their joint coverage into two individual permanent coverages, to age 65, without having to provide proof of good health. Upon the first death, the surviving insured under the age 65 has 90 days to apply for individual permanent coverage. This option is useful for couples and business partners.
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
- Unique offer on the market.
- Life with Long-term care advance: payment of a tax-free benefit in the event of death or loss of independence,7 whichever comes first. This option enables your clients to get the care they need when they are no longer able to look after themselves.
- Life with Critical illness advance: payment of a tax-free benefit in the event of death or diagnosis of one of the 26 critical illnesses💡 covered by the policy, whichever comes first. This option could help your clients to obtain the care they need, pay for medication not covered by a group or public plan, or cover other unanticipated illness-related expenses.
1 The exchange option can be exercised within the first 5 years of the policy, up to age 60 for the T10 and T15, up to age 50 for the T20 and up to age 55 for the T25. This option is not available for the T30 and T65.
2 Products available for conversion | Webi (desjardinsassurancevie.com) : Please refer to Webi for more information on the permanent products available for conversion.
3 The association option is available until age 60 for the Term to 65 product.
4 Proof of good health is required for new insureds who don’t already have life insurance with the association option with Desjardins Insurance.
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 Loss of independence is defined as the inability to perform 2 of the 6 activities of daily living (bathing, dressing, toileting, continence, transferring and eating) without the help of another person.