Participating life insurance
Maximize your wealth
Participating life insurance provides coverage that enables you to grow your assets while having access to liquidity to meet your financial needs.
Benefits
Desjardins Insurance’s participating life insurance provides permanent coverage that allows you to receive a portion of the accumulated profits as dividends. You can choose from several dividend options, some of which increase the cash surrender value of your policy and the amount payable upon the death of the insured person.
Here are some of the many benefits:
Protect your estate value and create wealth upon death
With the growth of the death benefit, this insurance protects some or all of the value of your estate. It can help cover your estate taxes and other expenses upon death, while leaving more for your loved ones.
Access the policy’s cash surrender value during your lifetime
The policy’s growing cash surrender value could allow you to:
- Enhance your retirement income5
- Pay for your children’s or grandchildren’s post-secondary education5
- Seize investment opportunities5
Protect your business
Your insurance allows you to manage the risks related to losing a key person in your company.
Since you have access to the policy’s growing cash surrender value, you can:
- Finance development projects5
- Enhance the retirement income of a shareholder or partner5
- Plan the transfer of your business and protect its future in the event of your death
It allows you to diversify your assets while meeting your insurance needs and can help to reduce your taxes payable. For example, by using excess cash to pay insurance premiums instead of investing, you can reduce your business’s taxable income.
Make a philanthropic donation to an organization of your choice
Increasing coverage can help you supplement the amount given to a charity.
Is this product right for you?
Desjardins Insurance’s participating life insurance offers appealing solutions for your financial planning as parents, grandparents, professionals or business owners, or all of the above. It’s designed to help you maximize your estate value or use the cash surrender value to finance a mid- or long-term project.
Parents and grandparents
The 5-year or 10-year payment options allow you to pay off all the premiums before transferring the policy to your children or grandchildren when they reach adulthood.6
Business owners
Participating life insurance is useful for managing risks related to losing a key person, minimizing the tax impact of passive investment income and providing additional cash flow for various plans, such as retirement.7
Professionals
Are you looking for permanent life insurance that offers flexibility, guarantees and attractive policy values? Then this solution is for you!
5 There may be tax consequences.
6 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. 7 There may be tax consequences.