Desjardins Critical Illness and Life Underwriting Guidelines for New Arrivals

Posted on August 27, 2009 and updated August 10, 2010 in Desjardins Financial Security, Life Insurance Canada News 4 min read
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Desjardins Insurance 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 belong to one of the groups below and meet the following criteria:

Indviduals with Permanent Resident Status

  • Must have received documents confirming permanent resident status

  •  Individuals living in Canada for less than two years must have passed paramedical, urine, blood profile with HIV, Hepatitis B and C screens (standard requirements otherwise).

Skilled Workers

  • Must have been residing in Canada for a minimum of three months

  • Workers under either federal or provincial immigration programs will be considered with confirmation of their status.

  • Individuals living in Canada for less than two years must have passed paramedical, urine, blood profile with HIV, Hepatitis B and C screens (standard requirements for all others).

Foreign-Trained Physicians

  • Must have resided in Canada for a minimum of three months

  • Physicians working in a provincial program will be considered with a copy of their employment contract.

  • Must be liscensed to practice medicine in Canada

  • Individuals living in Canada for less than two years must have passed paramedical, urine, blood profile with HIV, Hepatitis B and C screens (standard requirements for all others).

Caregivers

  • Must have resided in Canada for a minimum of three months

  • Caregivers who work as nannies or “live-in” caregivers under a special immigration program will be considered.

  • $250,000 of life insurance and $50,000 for critical illness insurance are the maximum amounts.

  • Individuals living in Canada for less than two years must have passed paramedical, urine, blood profile with HIV, Hepatitis B and C screens (standard requirements for all others).

Married to a Canadian Citizen or Permanent Resident

  • Must have resided in Canada for a minimum of three months

  • Individuals who have applied for permanent resident status will be considered with confirmation of their spouse status.

  • Individuals living in Canada for less than two years must have passed paramedical, urine, blood profile with HIV, Hepatitis B and C screens (standard requirements for all others).

Temporary Foreign Workers (Work Visas)

  • Must have been residing in Canada for at least one year

  • Individual consideration only

  • $250,000 of life insurance and $50,000 for critical illness insurance are the maximum amounts.

  • Individuals living in Canada for less than two years must have passed paramedical, urine, blood profile with HIV, Hepatitis B and C screens (standard requirements for all others).

Insurance is not available to the following individuals:

  • Foreign students on student visas

  • Individuals working for Canadian or foreign embassies

  • Individuals applying for refugee status (refer to note below)

Note: Insurance is not available to individuals at any stage of refugee status. However, if you are one of these indviduals, you can be considered for life insurance if you’ve been residing in Canada for at least two years at the time you submit your insurance application. Under these conditions, the maximum amount of insurance available is $250,000 for life insurance, including any other policies already in force. Critical illness insurance is unavailable.

For more information on Desjardins underwriting requirements for New arrivals to Canada or Permanent residents, please call us at 1.866.899.4849.

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