Your browser settings have cookies disabled. Some features of the site are not available or will not work correctly without cookies. To do so, refer to the help section of your Web browser.

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.

Your province

Skip to content

Life Term to 100

Life Term to 100 coverage lasts for a lifetime. It offers guaranteed low premiums to age 100 (no cash surrender value).

It helps cover taxes and final expenses so your loved ones don't have to, and allows you to leave a sizable death benefit to your beneficiaries.

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

Eligibility

Premium duration: up to age 100
Coverage starting at $25,000
Issue ages: 0 to 75

How it works

Premiums are payable up to age 100 and the benefits last a lifetime.

  • Available as joint or individual protection
  • You can pay premiums monthly or annually
  • T100 is the most economical permanent insurance and is often used to cover taxes payable at death
  • No matter how large the death benefit, it passes to your beneficiaries generally income tax-free

Typically, the sooner you purchase your life coverage, the lower your premiums will be.

Customize your coverage

You can add value to Life Term to 100 with additional coverages.

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)

Eligibility

Issue age: 0 to 60

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)

Eligibility

Issue age: 0 to 60

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.

Issue ages

Policyowner: 18 to 55 years of age

Child: 15 days to 17 years of age

Features

Coverage: $5,000, $10,000 or $20,000

Fixed and guaranteed.

  • $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

Issue ages

Policyowner: age 18 to 55

Child(ren) already born: 15 days to age 17

Child(ren) yet to be born: The policyowner must inform Desjardins Insurance of the birth of any child after the application has been signed. No evidence of insurability is required.

Features

Fixed and guaranteed

Can be converted to permanent life insurance up to 5 times the original sum insured, without evidence of insurability, at the earliest of:

  • the policyowner turns 65 years old
  • the insured child is 25 years old

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.

Coverage

Minimum: $10,000
Maximum: the lesser of $100,000 or 200% of the total insurance amount covering the insured.

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.

Policyowner

The business

Insured

The owner or one of the owners of the business

Issue age

18 to 65 years old

Insurance amount at issue

Minimum: $100,000
Maximum: $3.3 million
or
The insured’s portion of the fair market value of the business. The amount of the BI can’t exceed 200% of the total life insurance amount.

Policyowner

The business

Insured

The owner or one of the owners of the business

Issue age

18 to 65 years old

Insurance amount at issue

Minimum: $100,000
Maximum: $3.3 million
or
The insured’s portion of the fair market value of the business. The amount of the BI can’t exceed 200% of the total life insurance amount.

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.

Insurance policies and/or associated riders and features may not be available in all provinces, and policy terms and conditions may vary by province.

Find an agent

Search
Top of page