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

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 twenty years, guaranteed. The policy also offers a guaranteed cash surrender value. The surrender value increases with each policy anniversary and can exceed 100% (or even 200%) of the total premiums paid. Moreover, with Precision 10 or Precision 20, guaranteed cash values can be enhanced by the benefit of additional tax-sheltered deposits.

The policies are eligible for multi-coverage discounts. Optional benefits and riders can also be added to the plan. For more details on Universal Life Insurance in Canada, please contact us at 1-866-899-4849 or visit our Universal Life Quote Page. 

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jen
jen

are you still going to be covered even if you are done paying your premiums? i have a desjardin permanent life 20.

LSM Insurance
LSM Insurance

Yes. Permanent plans are designed to cover you for life. The idea behind a 10 0r 20 pay policy is you are covered for life but stop paying after a limited number of years

LSM Insurance
LSM Insurance

Thanks for the note. That means the cost of insurance charges end at the end of 10 or 20 years.

Regards,

GT
GT

What does “The premiums can be payable for ten years or twenty years, guaranteed” actually means?