Desjardins SOLO and SOLO Health Underwriting Requirements

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:

Requirements

• Have or have applied for permanent resident status

• Intend to remain in Canada permanently

• Demonstrate at least one full year of income and varifiable, full-time employment (for SOLO products)

• Are covered under the provincial medical plan of their province of residence (for SOLO Health products)

• provide adequate medical history

• meet the eligibility requirements for the product you intend to purchase

• Meet standard medical screening requirements and pass additional paramedical screenings, along with supplying a full urine and blood profile, if you've been living in the country less than two years. These also include screenings for HIV and Hepatitis B and C.

Exclusions and Limitations

• Even for indviduals with permanent resident status, a travel or foreign residence exclusion may be applied if there are specific travel concerns. If you don't have permanent resident status, this exclusion is more likely to be applied.

• For those without permanent resident status the SOLO Health plan will be limited to the most basic care with option 1, with the only supplementary benefit being the dental benefit.

Please also note that these exclusions and limitations apply to any indvidual insured under the plan, including a spouse and children.

You cannot qualify for this plan if:

• You are at any stage of refugee status

• You are a foreign student, or have a student visa

• You have a temporary work visa

• You work in a Canadian or foreign embassy

If you have any further questions about SOLO or SOLO Health, or you think this plan may be right for you, call us at: 1.866.899.4849.