Desjardin - Golden Edge - Non-Medical Life Insurance Plan

Live out your golden years
with security and piece of mind.
Photo by Masahiro Hayata.

Desjardin offers two non-medical life insurance plans. The Golden Edge Classic, and the Golden Edge Enhance. Both plans are available without a medical.

The Golden Edge Classic has the following features:

1. It's available to those age 55 to 85.
2. There are seven health questions.
3. Premiums are guaranteed to never increase.
4. It comes with a minimum face-amount of $2,500.00 and the minimum premium is $300 a year. The maximum possible face-amount is $25,000.
5. It comes with a two-year claim clause. Meaning, if death results in the first two years, there will be a return of premium to the insured without interest.

Advantages of the plan:

1. Low initial face amounts.
2. There's a blended smoker/non-smoker rate, so smokers are paying a lower premium.
3. Golden Edge Enhance is available with three additional health questions and it offers lower insurance than the Classic.
4. Immediate coverage is available under the Golden Edge Enhance plan, except for applicants ages 70 to 85, who would still fall under the two-year claim-clause provision.

Disadvantages of the plan:

1. Premiums are not competitive at most age brackets when compared with simplified life plans from CPP and Assumption Life.
2. Non-smokers are getting penalized by the blended smoker/non-smoker rate.
3. Lower maximum issue limits and other simplified-issued plans.

Below is the following sample pricing:

A 60-year-old, male non-smoker would pay $140.15 for $25,000 of the Golden Edge Classic plan. You can get additional quotes by visiting our Non-medical Life Insurance Quote page.