Desjardins Financial’s Multi-Coverage Discount

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.

Desjardins Insurance Matches Canada Life’s Term 10 and 20 Pricing Changes

A few days ago, we told you that Canada Life had lowered its pricing on its Term 10 and Term 20 life insurance plans, effective June 11, 2012.

Now, Desjardins Insurance is doing the exact same thing. The company announced that by June 13, 2012 the rates on its Term 10 and 20 plans will be reduced. The price cut applies to those traditional term plans and the equivalent term Pace Universal Life plans.

Desjardins has also created a new Term 19 conversion option, which they call an Exchange Option that allows policyholders to covert their traditional Term 10 or their Pace UL Term 10 to a Term 20 or Term 30 plan without medical evidence. If you are one of those policyholders and you'd like to convert, you must do it within the first five years of your Term 10 policy.

If you have any further questions, call us at 1-866-899-4849 and if you are looking for term insurance yourself, please visit our Term Insurance Quote Page.

Desjardins Insurance – Term 30 Life Insurance Plan

Desjardins Insurance recently introduced a Term 30 Life Insurance Plan to its term life insurance lineup. This is in addition to the Term 10 and Term 20 policy they already offer. The plan is available to individuals between the ages of 18 and 50, with face amounts from $50,000 to $10 million of coverage.

The renewal, after the initial 30 years, is for a 10-year period, and the coverage definitively expires at age 80. There is a conversion option that allows the insured to convert the policy into a permanent plan up to their 70th birthday. Preferred rates are available for those in excellent health and with an excellent family health history in amounts at $250,000 and higher.

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