Secure your family’s future with Family Life Insurance
Life just got even better
Life insurance is usually thought of as something for the spouse who is the breadwinner. If that person dies, then the life insurance benefit would help provide for the family. The mortgage may still get paid; the children may still get a post-secondary education.
However, life insurance is no less important for the other spouse whether they stay at home, work part-time or earn a smaller income. In this case, the life insurance benefit may help pay for childcare, housekeeping, meals and other services your family can't do without.
Life insurance is also important for children. Getting them covered at a young age will guarantee their insurability for the future. In fact, your children will be able to convert their coverage as adults, even if they later develop health problems that would otherwise make them uninsurable.
With Family Life Insurance, whatever the future brings, your loved ones' financial security can be protected.
Basic facts: Family Life Insurance solutions
Talk to your Desjardins Agent to see which policy makes sense for you.
Once you and your spouse are covered by either a term or permanent life insurance policy, just add one (or both) of these riders to help protect the rest of the family.
Term Life Coverage
Provides life insurance up to age 85 for Life Term 10, Life Term 20 and Life Term 30, with a premium that will remain level for 10, 20 or 30 years depending on the coverage you choose.
The rider is available on both the insured and an additional insured and can be converted to a permanent policy if lifetime coverage is needed. Minimum coverage is $25,000.
Children's life protection
Coverage for your children. Just one can provide up to $20,000 in life insurance for each child in your family, including children yet to be born.
Upon expiry, each child can convert this rider coverage into any eligible permanent life insurance policy.
Big coverage, little cost
Here's an example of what Family Life Insurance would cost a family of three, assuming $250,000 in coverage for each parent and $10,000 for the child.
Household member
Policy/rider type
Annual premium
35-year old male*
Life Term-20
$252.50
30-year old female*
Life Term-20
$157.50
Child**
Children's Life Protection
$60
Household member
Policy/rider type
35-year old male*
Life Term-20
30-year old female*
Life Term-20
Child**
Children's Life Protection
Household member
Annual premium
35-year old male*
$252.50
30-year old female*
$157.50
Child**
$60
Total Annual Premium: $470.00
We're here for life
Family Life Insurance has never been so affordable, and it's insurance coverage you can count on because we've always had the financial resources to deliver on our policy promises.
Contact your Desjardins Agent today to see how we can help you and your family plan for the future.
*Premiums are based on our Preferred Risk class and assume both insureds have not used tobacco or other nicotine products for the past 10 years.
**Must be under 18 years.