Desjardins Financial’s Multi-Coverage Discount

Multi-Life Discounts aren't available
on Joint First-to-Die
and Last-to-Die policies.
Photo by Ted Bongiovanni

Desjardins' Multi-Coverage Discount allows clients to save by combining life insurance policies. It could save clients potentially thousands of dollars over the life of their policy.

Typically, life insurance policy fees can range from $20 to $100 a year. See a full list of the policy fees charged by insurance companies in Canada here.

Desjardins offers a wide variety of term and permanent policies that are eligible for the program, including their Term 10, Term 20,  and Term 30 policies, as well as their traditional life policies, which are payable for life or paid up in 10 or 20 years.

The multi-coverage discount is only available for new businesses, and eligible coverages must be issued on the same life-insured client at the same time and under the same contract.

I first heard of LSM shortly after I was declined for life insurance due to diabetes. A change in lifestyle and LSM Insurance team helped me get a terrific plan. (1 of 81)

Howard UblanskyRead more

Rated cases are eligible and preferred rates (which are given to individuals in very good health with very good family history) are only available for Term 10, Term 20, and Term 30 plans if the basic coverage is greater than or equal to $250,000.

Joint First-to-Die and Last-to-Die policies are not eligible for the multi-coverage discounts.

For more details on life insurance in Canada, please contact us at 1-866-899-4849 or visit our Term Life Insurance Quote Page.