Why choose Desjardins Insurance?

Our evolving range of participating life products, including our one-of-a-kind 5 Pay PAR - the only product in Canada with guaranteed premiums that is payable in 5 years.

 Good to know

• A competitive dividend scale interest rate of 6.2%.
• 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.

Our competitive term life products with many conversion options to permanent life products.

 Good to know

• 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 5 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.²
• Term 65 can be offered to children starting at age 0.
• 14 permanent life coverage options are available for conversion³, 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 70,⁴ individual term coverage for joint last-to-die permanent coverage by adding a new insured.⁵
• 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 of 65 has 90 days to apply for individual permanent coverage. This option is useful for couples and business partners.

² 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.

³ Please refer to the Products available for conversion section for more information on the permanent products available for conversion.

⁴ The association option is available until age 60 for the Term to 65 product.

⁵ Proof of good health is required for new insureds who don’t already have life insurance with the association option with Desjardins Insurance.

Our Critical illness insurance coverage with one of the most comprehensive plans in Canada, covering all types of cancer (with partial or total payment as the cancer progresses) and exclusive cardiovascular procedures.⁶

 Good to know

• Health priorities offers coverage for 26 illnesses and health conditions. If your clients’ diagnosis corresponds to the policy definition, they will be entitled to a benefit payment of up to 100% of their insurance amount.
• Health priorities – Child, 20 pay option offers coverage for 29 critical illnesses, including 3 childhood illnesses. It also gives the option of adding 3 additional childhood diseases to the coverage.
• Health priorities provides coverage for all types of cancer. Depending on what stage the cancer has progressed to, your client will receive either a partial or total benefit payment.
• Health priorities provides partial payment (an advance) for some illnesses and conditions.⁷
• The policy doesn’t just cover a permanent loss of independent existence— your clients may also be entitled to a partial benefit in the event of a temporary loss of independence.⁸
• You can add the return on premium on death as an option to your client’s policy if available. In the event of death, this option will pay the higher of the following amounts to the beneficiary: the total premiums paid or 25% of the insurance amount.
• The Executive Health Plan is designed to protect the financial health of a business in the event a key employee is diagnosed with a critical illness.

⁶ As of April 2024.

⁷ The amount of these payments varies between 1% and 30%.

⁸ Loss of independence is defined as the inability to perform at least 2 of the 6 activities of daily living without the help of another person for at least 90 days.