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Issue ages (age nearest) | |
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Cost of insurance | The cost of insurance is level for the first 10 years. They will then increase annually. |
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Renewal | After the first term, the policy renews, and the premium increases every year |
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End of insurance costs | - 18 to 60 years old: to age 90
- 61 to 75 years old: at the earliest of:
- 30 years after purchasing the insurance
- at age 100
The insured will remain covered until their death
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Insurance amounts | - Minimum: $50,000
- Maximum: $25,000,000
*Maximum amount illustrated by the illustration software. You can request a higher amount *Maximum amount illustrated by the illustration software. You can request a higher amount by writing to
special.quotes@dsf.ca |
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Rate bands | - $50,000 à $99,999
- $100,000 à $249,999
- $250,000 à $499,999
- $500,000 à $999,999
- $1,000,000 à $4,999,999
- $5,000,000 and more
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Insured life option | |
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Underwriting risk classes | | Non-smoker | Smoker |
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| P1 (non-smoker – preferred rate) | R1 (smoker – preferred rate) | | P2 (non-smoker – preferred rate) | R2 (smoker – standard rate) | | P3 (non-smoker – standard rate) | - |
Please refer to the
Life - underwriting requirements for more details. |
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Preferred rates | Insured qualified for P1, P2 and R1 is eligible for the preferred rates as follows:
- Ages 18 to 50: $2,000,001 and over
- Ages 51 to 60: $500,000 and over
- Age 61 and over: $250,000 and over
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Policy fees | None |
Flexible options |
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Conversion option | Term 10 can be converted into a permanent product up until age 70, without having to provide new evidence of insurability.
Products available for conversion |
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Exchange option | The Exchange Option allows your clients to exchange the Term 10 for a Term 20, during the first 5 years of coverage, without providing new evidence of insurability. The insured must be 60 or under at the time of the exchange and certain age restrictions apply.
A partial amount can be exchanged, subject to the minimum insurance amounts for the products. The original policy will retain the amount of insurance not exchanged. The exchange option for this part of the insurance can be exchanged later, if applicable. |
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Association option | Individual coverages include an option for exchanging the individual coverage for joint last-to-die coverage, up to age 70 (based on the age nearest). This option allows you to add new insureds to the joint coverage. The products offered are the same as those
available for conversion.
- If the additional insured already has coverage through Desjardins Insurance that includes a conversion option:
- No evidence of insurability is required
- The amount available corresponds to the lesser of the insured's in-force sum insured
- If the additional insured does not have any coverage through Desjardins Insurance with a conversion option:
- The additional insured will need to provide new evidence of insurability
- The amount available corresponds to the existing insured's in-force sum insured
For in-force policies, refer to the policy conversion clause to find out the maximum age to exercise the option.
If the association option is not included in the policy, please contact us. |
