Your debts will be paid off in no time. But what if something happened to you today? Life Term 10 insurance provides low-cost life insurance coverage that meets short-term security needs.
Need help choosing a policy? Compare coverages.
Eligibility
Term length: 10 years
Coverage: $25,000 to $10,000,000
Issue ages: 18 to 75
Sample rates are for a 25-year-old female in good health.
Starting at
$7.00/month
$77.75 annually
$25,000 of coverage
How it works
There’s never been a better time to start than right now. Plus, Life Term 10 insurance coverage has many other advantages:
- You'll pay the same low premium for all 10 years.
- You can pay premiums monthly or annually.
- When the current term expires, it will renew for another 10-year period.1
- No matter how large the death benefit, it passes to your beneficiaries generally tax-free.
Need lifelong coverage? Just convert your Life Term 10 insurance coverage into permanent life coverage—no matter your state of health.
Customize your coverage
You can add value to Life Term 10 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.
1The policy will renew for additional 10-year terms up to age 85. Premiums are fully guaranteed as shown in the policy.
Insurance policies and/or associated riders and features may not be available in all provinces, and policy terms and conditions may vary by province.
This is only a general description of coverage. A complete statement of coverage is found only in the policy. For more details on coverage, costs and restrictions, or to apply for coverage, contact a 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 will expire when either no premiums are paid following the initial premium or subsequent premiums are insufficient to continue coverage.