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Term life insurance

Happy baby with parents covered with term life insurance provided by their Desjardins Insurance agent.

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Term life insurance is the most straightforward form of protection. You generally pay premiums on a monthly or annual basis and your family is protected at an affordable price for a set amount of time: 10, 20 and 30 years or to the age 65.

Desjardins Insurance offers a variety of affordable term life insurance products to fit your needs, time frame and budget. This coverage can:

  • Help provide for a family's loss of income
  • Cover short or medium-term debts and needs
  • Provide additional insurance protection during the child-raising years
  • Provide longer term protection to help pay off a mortgage or to help pay for your children’s post-secondary education

Need help choosing a policy? Compare policies or talk to your Desjardins Agent to find out more or get a personal quote.

Term life insurance coverages

Term life insurance is available for periods of 10, 20 and 30 years or up to age 65. Coverage starts at $25,000 and offers a guaranteed death benefit. Premiums are affordable and level for the initial policy term. At the end of that period, Term 10 or 20 is renewed automatically for a same term. The new premium stays level for the entire new term.

After 30 years, Term 30 renews every 10 years in a Term 10 until age 85.

Term to 65 coverage is renewable until age 65.

Learn more about term life insurance

Term life insurance

10 Years

Starting at $11.48/mo.

$127.50 annually

$250,000 of coverage

20 Years

Starting at $15.30/mo.

$170.00 annually

$250,000 of coverage

30 Years

Starting at $19.35/mo.

$215.00 annually

$250,000 of coverage

Up to age 65

Starting at $22.95/mo.

$255.00 annually

$250,000 of coverage

The sample rates are for a 25-year-old female in good health.

Mortgage life insurance solutions

Term life insurance provides a flexible and cost-effective way to own life insurance for a fixed period of time to cover a mortgage. Available in 10, 20 and 30 year periods or to age 65, term coverages can be combined to protect the full amortization schedule of your mortgage while enabling you to save with our multi-coverage discount.

Many options are available to accommodate your changing needs:

  • Re-assess your life insurance as your mortgage decreases
  • Convert it to a permanent policy to cover final expenses in case of death or leave a tax-free benefit for your loved ones.

Mortgage life insurance solutions, 20 or 30 Years

20 Years

Starting at $14.81/mo.

$164.50 annually

Term 10: $150,000
Term 20: $100,000
Total: $250,000

30 Years

Starting at $25.25/mo.

$280.50 annually

Term 10: $150,000
Term 20: $150,000
Term 30: $100,000
Total: $400,000

Life term 10

This affordable protection covers any short-term need you may have. Coverage starts at $25,000 and you have the right to renew for additional 10-year terms up to age 85, the premiums will increase every 10 years. The policy is convertible to a permanent policy regardless of health, subject to age limits.

This is only a general description of coverages and is not a statement of contract.

For more details on coverage, costs, restrictions and renewability; or to apply for coverage, contact your Desjardins Agent.

There are limitations and conditions regarding payment of benefits due to misrepresentations on the application or when death is the result of suicide in the first two policy years.

Neither Desjardins Insurance nor its agents provide tax or legal advice. Please consult your tax, legal or investment advisor regarding your specific circumstances.

Coverage is guaranteed up to age 85, provided premiums are paid as required.

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