Desjardins Financial Security policies

Pluses:

1. They offer a huge variety of health, disability, and critical illness solutions.
2. They have a tremendous amount of flexibility within their Universal Life and Whole Life policies.

Minuses:

1. Their term policies are note competitively priced at certain age brackets.
2. Their non-medical life insurance plan is not well-priced in comparison to other leading carriers such as Assumption Life or Canada Protection Plan.

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Desjardins Financial Security News

• TD Insurance’s Critical Illness Report

  11/22/2011

  Those surveyed believe they don't need critical illness. Photo by Balazs Gal As reported in the Investment Executive, TD Insurance recently polled 1,000 Canadians in its 2011 "State of Insurance" report. Of those surveyed, 65% had children but did not have critical illness insurance. Critical illness insurance provides clients with a lump sum payout in [...]

• Desjardins Financial: Increasing Rates on Permanent Life Insurance Policies

  11/21/2011

  Desjardins is increasing whole life insurance rates. Photo by wlodi Desjardins Financial will be raising the rates on its permanent life insurance policies as of November 24th, 2011, as a result of historically low interest rates. The following products will increase in cost: Life 10 and Life 20 Precision 10 and Precision 20 Universal Life [...]

• Desjardins Financial on Life Insurance Policies

  11/16/2011

  Desjardins Financial offers every level of life insurance. Photo by Lee Desjardins Financial offers Term Coverage, Whole Life Coverage, and Universal Life Coverage. Their term policies are available as Term 10 and Term 20 policies, and the company offers standard and preferred rates. The plans are convertible at age 65 and renewable to age 80. [...]

• Desjardins’ Stronger than Cancer Promotion

  09/30/2011

  Cancer still kills, which is why Desjardins Financial Security has decided to protect your family's financial health if you find yourself fighting for your physical health. This is why they're offering a free 25% gross-up on Critical Illness Benefits up to a bonus of $100,000 for the following eligible products: Harmony T100 (excluding Harmony Executive) Harmony [...]

• Life Insurance Guaranteed Whole Life Policies

  08/29/2011

  Guaranteed Whole Life policies are fading, but some companies still offer them. Photo by Caroline Barberis Guaranteed whole life policies have been under pressure in recent months, as many life insurance companies in Canada have responded to historically low interest rates by either raising the rates on the guaranteed whole life insurance policies or removing [...]

• Desjardins Guaranteed 10-Pay and 20-Pay Universal Life Plan

  08/24/2011

  The cash surrender value on this plan can increase 200%. Photo by Duckie Monster Desjardins offers a guaranteed 10-Pay and 20-Pay Universal Life Plan called Precision 10 UL or Precision 20 UL. Both of these policies offer permanent life insurance and a limited payment option feature. The premiums can be payable for ten years or [...]

• Changes at Desjardins Financial Security

  05/11/2011

  Desjardins' policy rates may fluctuate. Photo by wlodi Desjardins Financial Security has recently made the following changes to its policies: 1.  Desjardins' changes to its equivalent age formula include no changes for Joint first-to-die policies. However, Joint last-to-die policies have increased by one year, and for Joint last-to-die and waiver on first death, there's an [...]

• Desjardins Financial’s Solo Disability Income Plan

  04/08/2011

  Solo Disability from Desjardins is more than just disability insurance. Desjardins Financial's Solo Disability Income Plan offers multiple coverages built into one program. The solo disability plan replaces the insured’s income or salary when he or she is unable to work due to an accident or illness causing a disability. The plan provides a monthly [...]

• Desjardins Financial’s Accidental Fracture and Accidental Dismemberment Benefit

  03/27/2011

  Break a limb like your arm and you could be additionally covered. Photo by Dave Gingrich Desjardins Financial has an Accidental Fracture Benefit and an Accidental Dismemberment Benefit that can be added to their life insurance policies for a very low cost. The Accidental Fracture Benefit pays a fixed amount if the insured person is [...]

• Who Hasn’t Raised Their Universal Life Rates?

  02/22/2011

  Whose universal insurance rates haven't soared? Photo by Phil Brown Which companies haven't raised their Universal Life rates? In the past few months, several of the leading life insurance companies in Canada have raised their universal life level-cost-of-insurance rates in response to historically low interest rates and reduced profitability. The list of companies that spiked [...]

• Desjardins Disability Coverage for University Grads and New Grads

  02/07/2011

  Dentist is one of the professions eligible for Desjardins new grad disability benefit. Photo by Andy Smith Desjardins has announced that students in the last year of university or in the first year of practice in the following professions, will receive a predetermined monthly disability benefit without providing financial evidence. For some professions listed in [...]

• Term 100 vs. Level Cost Insurance

  10/01/2010

  Insurance plans with guaranteed cash value you can take to the bank. Photo by Paul. Term 100 insurance provides very straightforward coverage. It provides fixed premiums, guaranteed to never increase, lifetime protection and, in most instances,  the policy does build at cash value. Universal Life insurance also offers lifetime protection, but offers a variety of [...]

• A.M. Best Ratings for 2009-2010

  04/23/2010

  Most credit scores of insurance companies are stable Photo by Balazs Gal A.M. Best is a credit rating company for the insurance and banking sectors. Consumers use it to assess the financial strength and credit worthiness of their lending institutions. The following are the ratings for March 2010 and the fourth quarter of 2009: AM [...]

• Life Insurance Policy Fees

  04/02/2010

  Don't let policy fees nickel and dime you by Garry Knight Life insurance policy fees are a built-in fee, which covers the administration of the policy. The fee is hidden within the premium, but can be found with the policy document. The following is a summary of term 10 policy fees charged by Canadian insures. [...]

• Group Critical Illness Insurance Sales

  03/23/2010

  The Top Companies for Group Critical Illness Group Critical Illness insurance sales are on the rise. As reported in the February 2010 issue of the Insurance Journal. Recent data shows that growth of Group Critical Illness sales were seven times stronger than the Group Insurance sector as a whole. The Insurance Journal highlighted 13 of [...]

• The Best Whole Life Insurance Plans in Canada

  03/07/2010

  The best Whole Life policies for your family Credit: tldagny As the name describes, whole life insurance provides for the insured's entire lifetime. The policies can generally be broken down into two types: Participating Whole Life policies participate in the insurance company's profits. These plans provide level premiums and lifetime protection, but also have a [...]

• Desjardins’ Life Start 15 Plan

  03/03/2010

  Insurance for Children by wester Desjardins Financial Security offers a Life Start 15 plan, which is geared toward the Children's Life Insurance Market. The plan has the following features: 1. It is available issue ages 0 to 17. 2. Premiums are fully guaranteed. 3. The Policy is guaranteed paid-up at the end of 15 years. [...]

• Desjardin’s Harmony New Generation: Critical Illness Insurance for Children

  02/14/2010

  Protect your kids and get piece of mind photo by Kipp Jones Heaven forbid the unexpected happens: Lung Cancer, Leukemia, Cystic Fibrosis. Critical Illnesses can befall children as well. As parents, we would do anything for our kids, but what if the medical expenses were already taken care of and we could concentrate on being [...]

• Desjardin – Golden Edge – Non-Medical Life Insurance Plan

  01/27/2010

  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. [...]

• Desjardins’ Long-term Care Plan

  11/25/2009

    Our second in a series of close look assessments of three of the leading long-term care insurance plans in Canada is coming at you now. We began with Sun Life, but now we examine Desjardins Financial Security's Long-term Care Plan. Pros A major benefit is that the client gets to use the funds as [...]

• Desjardins Disability: Solo Living Expense Plan

  10/18/2009

    Solo Living Expense is a niche plan within Desjardins' Solo Disability product portfolio. The policy is geared towards homemakers, part-time workers or people in occupations that would have a hard time getting traditional disability coverage. The maximum monthly indemnity on the policy is $1,500/month and it's available with a 30-day elimination period and a [...]

• Desjardins’ Enhanced Term 10 Policy

  10/11/2009

  Desjardins' Enhanced Term 10 policy is an innovative life insurance policy with a unique critical illness component. The premiums are fixed for the first 10 policy years and the plan is guaranteed renewable. The critical illness feature is a unique part of the policy, in that the policy pays out immediately upon diagnosis. Most other [...]

• Desjardins Critical Illness and Life Underwriting Guidelines for New Arrivals

  08/27/2009

    Desjardins Financial Security gives new Canadian residents special attention when it comes to qualifying for their critical illness and life insurance plans. It is now possible to have lived in Canada for less than two years and get the full insurance benefits available to native Canadians. The only caveat is that the applicant must [...]

• Desjardins SOLO and SOLO Health Underwriting Requirements

  08/24/2009

  Desjardins Financial Security has put together a life and health insurance plan called SOLO and SOLO Health targeting new Canadian residents. The plan is open to those who have been residing in Canada at least one year, but there are several exclusions and requirements associated with both plans. All of these parameters are detailed below: [...]

• Give your Blackberry a vacation!

  07/14/2008

  Illustration by Enrique Dans Desjardins Financial Security's National Health Survey results show that more entrepreneurs should turn off their blackberries and make relaxation a priority this summer for the sake of their physical and mental health. Entrepreneurs who participated in the survey were asked to rate their current level of financial security, mental and physical [...]

• Desjardins launches Enhanced Return Guaranteed Investment

  01/25/2008

  Desjardins Group is now offering its investor members a brand new product: the Desjardins Enhanced Return Guaranteed Investment, CNW Telbec reported today. "This product, which they say offers a 100% capital guarantee at maturity, is specifically targeted at caisse members that wish to participate in the growth of the Canadian financial sector, in particular the [...]