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StateFarm Canada is now Desjardins Insurance

State Farm® Canada is now Desjardins Insurance and your local State Farm Agent will now be known as your Desjardins Agent.

Please visit desjardinsagents.com/change-from-state-farm-canada for more details.

Looking for the State Farm USA site? Visit it here: statefarm.com.

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Life insurance coverage and rates to meet your needs

Get the life insurance
policy that’s right for you

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We can help you find coverage that's right for you and your loved ones, including permanent life insurance and living benefits that you can use in your lifetime. Your Desjardins Insurance Agent can help you understand your options and figure out how much and what kind is right.

Learn more about life insurance

What is life insurance? What are living benefits?

Learn all the ways life insurance from Desjardins Insurance can help you protect what matters most–now and in the years to come.

Coverages at a glance

Whether you're looking for the affordability of term insurance, the lifelong protection and cash value of permanent insurance or a combination of both, we have options to fit your needs and budget.

Advantages

Simple, affordable coverage for a set period of time

Lifetime coverage with access to cash value depending on the product selected

What it's used for

Short-term protection

Permanent protection

Guaranteed death benefit

Yes
Provided premiums are paid as required

Yes
Guaranteed for the life of the policy provided premiums are paid as required

Cash value

No

Yes
Cash value growth is tax-deferred (if applicable)

Lifetime level premiums

No. Premiums are not level for the life of the policy; however, they are level by term. Life Term 30 can be renewed for additional 10-year terms.

Yes
Guaranteed for the life of the policy

Lifetime coverage

No
Coverage is guaranteed for a set period of time, provided premiums are paid as required

Yes
Guaranteed for the insured's lifetime, provided premiums are paid as required

Flexible premiums

No

No
The premium is fixed for the life of the policy

Conversion option

Yes
Can be converted into permanent or universal life insurance with no medical exam required

Since conversion refers to the change from a term to a permanent policy, it does not apply

Advantages

Simple, affordable coverage for a set period of time

What it's used for

Short-term protection

Guaranteed death benefit

Yes
Provided premiums are paid as required

Cash value

No

Lifetime level premiums

No. Premiums are not level for the life of the policy; however, they are level by term. Life Term 30 can be renewed for additional 10-year terms.

Lifetime coverage

No
Coverage is guaranteed for a set period of time, provided premiums are paid as required

Flexible premiums

No

Conversion option

Yes
Can be converted into permanent or universal life insurance with no medical exam required

Advantages

Lifetime coverage with access to cash value depending on the product selected

What it's used for

Permanent protection

Guaranteed death benefit

Yes
Guaranteed for the life of the policy provided premiums are paid as required

Cash value

Yes
Cash value growth is tax-deferred (if applicable)

Lifetime level premiums

Yes
Guaranteed for the life of the policy

Lifetime coverage

Yes
Guaranteed for the insured's lifetime, provided premiums are paid as required

Flexible premiums

No
The premium is fixed for the life of the policy

Conversion option

Since conversion refers to the change from a term to a permanent policy, it does not apply

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