Life insurance coverage and rates to meet your needs
Get the life insurance policy that’s right for you
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.
Beyond the basics
Servicing your policy
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.
Term life
Permanent life
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
Available
Term life policies:
Life term 10
Mortgage life
Life term 10, 20, 30
Learn more about term life
Term life
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
Available
Term life policies:
Life term 10
Mortgage life
Life term 10, 20, 30
Learn more about term life
Permanent life
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