Flexible products
Desjardins Insurance offers 3 attractive solutions to meet your personal needs, help you manage your business risks or a combination of both.
Our products include several premium payment options to better suit your situation.
Our range of products
Dividend options
The choice of dividend options depends on the product chosen and has a significant impact on your policy’s growth in value:
- Paid-up additions (PUAs): Allows you to purchase additional paid-up insurance with annual dividends and stimulates the growth of policy values
- Enhanced insurance:13 Allows you to purchase insurance with a lower premium due to the term coverage, which is gradually replaced by permanent insurance
- Annual premium reduction: Allows you to reduce the annual premium in part or in full through dividends credited each year
- Cash payment:14 Allows you to receive the amount of dividends credited every year in cash
- Dividends on deposit:14 Dividends are deposited in a savings account managed by Desjardins Insurance and can be withdrawn as needed
Guaranteed premium payment options of the basic policy
5 Pay PAR product
5 PAY
This is a unique product on the market that is simple and only requires a short-term commitment. This product is suitable for:
- People who’ll be retiring in the near future or anyone who wants to pay their premiums quickly while benefiting from long-term value growth.
- Parents or grandparents who want to protect the insurability of their children or grandchildren and pay the entire premium before transferring the insurance policy to them when they reach adulthood.15 This product is an excellent solution to complement income from a registered education savings plan (RESP)16 and ensuring grandchildren’s financial future without passing on the burden of premiums.
- Business owners who want to avoid longterm financial obligations to better suit their business’s financial plan.
Estate Enhancer and Accelerated Growth products
10 PAY
This option lets you enjoy higher growth in the medium term and pay off premiums quickly.
It’s a good solution for parents or grandparents who want to protect their children or grandchildren,15 and for professionals and business owners who want to take advantage of the growth in the policy’s value without having the premium payment over the medium term.
20 PAY
This option allows you to balance value growth with affordable premiums.
It’s an option for someone who wants to increase their initial death benefit and guarantee the end of premiums in the longer term.
TO AGE 100
This option gives you the advantages of participating life insurance while paying affordable premiums. Premiums stop at age 100, but coverage remains in force and dividends continue to be credited each year until the insured person dies or the policy is surrendered.
This option is designed to meet estate planning needs. It can be used to protect the death benefit against inflation.
13 Only option available at the time of sale of the 5 Pay PAR product. Paid-up additions, cash payment and dividends on deposit options may be available 10 years after the policy is issued, if the exempt test is met.
14 There may be tax consequences.
15 The insured child or grandchild, or their parent, should be designated as the contingent policyowner (not just an heir) to avoid a taxable disposition of the policy upon transfer of ownership on death. There must be only one insured on the policy at the time of transfer of ownership to avoid a tax disposition. Please consult your financial advisor.
16 There may be tax consequences.