Whole Life Guaranteed 15 Pay

Life insurance can be the foundation for a family’s financial protection. We offer permanent life insurance products that not only secure your family’s well-being no matter what life throws at you, but also give you more for your money.

The coverage lasts. The premiums don't. This policy can be completely paid-up in 15 years. For, example, this coverage flexibility can help you build your children a solid future or it can help you avoid paying premiums during your retirement. That is the advantage of Whole life Guaranteed 15 Pay.

Guaranteed cash surrender values are available as of year five, and reduced paid-up insurance is available as of year eight. The surrender value scale is generous and can be presented as a refund of premiums.

A life limited pay coverage is ideal for a child—in addition to starting insurance coverage they will need as an adult, the policy earns cash value, which generally grows tax-deferred. It allows the parent to transfer the coverage to their child once it's completely paid-up after 15 years.

Need help choosing coverage? Compare coverages or contact your Desjardins Agent.

Accident

This coverage provides an additional amount of insurance if you suffer a fracture, dismemberment, loss of one or more limbs or loss of sight or death due to an accident.

• Fixed and guaranteed
• Benefit payment for dismemberment does not cancel the coverage
• Each accident may be eligible for benefits
• The benefit may be doubled in certain circumstances (e.g., accident aboard public transit).

Provides a lump-sum benefit if you suffer a fracture due to an accident.

• $5,000: Fracture of the skull (dome of the skull), spine (excluding coccyx), pelvis (excluding coccyx) or femur
• $1,500: Fracture of a rib, sternum, scapula, humerus, patella, tibia, fibula, larynx and trachea
• $750: Fracture of a bone not listed above (including coccyx)

Accidental death, dismemberment or loss of use

This coverage provides a percentage of the amount of insurance if you die or lose a limb as a result of an accident. The percentage varies depending on the loss incurred and is 100% in the event of accidental death.

• Fixed and guaranteed
• Benefit payment for dismemberment does not cancel the coverage
• Benefit is payable for each loss providing that they result from a separate accident. The benefit may be doubled in certain circumstances (e.g., accident aboard public transit).

Accidental dismemberment or loss of use

This coverage provides a percentage of the amount of insurance if you lose a limb or experience a loss of use as a result of an accident. The percentage varies depending on the loss incurred.

• Fixed and guaranteed
• Benefit payment for dismemberment does not cancel the coverage
• The benefit will be payable for each fracture or complete severance, provided that the fractures are due to separate accidents
• The benefit may be doubled in certain circumstances (e.g., accident aboard public transit).

Accidental fracture

This coverage provides a lump-sum benefit if you suffer a fracture due to an accident.

• $5,000: Fracture of the skull (dome of the skull), spine (excluding coccyx), pelvis (excluding coccyx) or femur
• $1,500: Fracture of a rib, sternum, scapula, humerus, patella, tibia, fibula, larynx and trachea
• $750: Fracture of a bone not listed above (including coccyx)

Children’s accidental fracture

This coverage provides an additional amount of insurance if your children or children to be suffer a fracture as a result of an accident.

• $5,000: Fracture of the skull (dome of the skull), spine (excluding coccyx), pelvis (excluding coccyx) or femur
• $1,500: Fracture of a rib, sternum, scapula, humerus, patella, tibia, fibula, larynx and trachea
• $750: Fracture of a bone not listed above (including coccyx)

Children’s life protection

Disability waiver of premiums

Helps preserve your policy at a time when income may be limited due to a disability. If you become totally disabled (as defined in the policy), this coverage will waive future policy premiums as they become due as long as you remain totally disabled. This coverage automatically terminates on the policy anniversary when you turn 60, unless disability occurs prior to this date.

Guaranteed insurability

This coverage gives you the option to purchase additional life insurance amounts without new evidence of insurability. A maximum of 5 options can be exercised. When you marry, purchase a home or become a parent, you may exercise the next available option. Option ages are 25, 30, 35, 40 and 45.

If you've purchased a life policy for your child or spouse, you can also add this coverage to their policy.

Business insurability

This coverage allows owners of a growing business to purchase an additional amount of insurance based on the increased fair market value of the company, without having to provide new evidence of insurability.

Features

Fixed and guaranteed

The business can exercise up to three times the amount of the BI.

The business can exercise an option at each coverage anniversary during the first 10 years. The amount of the option is (whichever is less):

• The insured’s portion of the fair market value of the business OR
• The maximum cumulative amount of the BI minus the additional life insurance amounts exercised previously.