Product description
Eligibility requirements
Belong to an occupation class other than "X" and work at least:
- 30 hours a week and
- Be employed at least 40 weeks a year OR
- Be employed between 35 to 39 weeks (minimum waiting period of 60 days)
- 24 to 29 hours per week during 40 weeks per year (minimum waiting period of 90 days)
Occupation class
Issue ages (age to the nearest birthday)
- T65 : 18 to 60
- T10 : 18 to 50
Waiting period
- 30 days
- 30+ days
- 60 days
- 90 days
- 90+ days
- 120 days
- 365 days
- 730 days
For waiting periods of 90 days or less, the monthly amount is payable as of the first day in the event of hospitalization or day surgery
The "+" sign indicates the monthly amount is payable as of the first day in the event of an accident.
Benefit period
- 2 years, 5 years, Up to age 65
The benefit period is always a minimum of 2 years, even if the contract ends at age 65.
For example, if the insured is totally disabled at age 64, he will be receiving a monthly amount during 2 years and therefore, until age 66 even though the contract ends at age 65.
Monthly amount
- Minimum: $400
- Maximum:
- 4A: $10,000
- 3A: $9,000
- 2A: $7,000
- A: $6,000
- B: $3,500
Premium structure
- Term 65: Level up to age 65
- Term 10: Level for 10 years
The premium structure may be changed from T10 to T65 without any medical or financial proof.
End of coverage
The coverage will terminate when the first of the following events occurs:
- Death of the client
- Policy anniversary nearest to age 65
- Policy lapse
- Date of exchange from SOLO Disability Income coverage to SOLO Loan Insurance
- Client’s retirement date
Renewal
- Guaranteed renewable up to age 65
- Continuation of coverage after age 65
Total disability definition
- Regular occupation 24 months
Recurrent disability
- 12 months – occupation class 3A and 4A
- 6 months – occupation class B, A, 2A
Built-in benefits
- Payable amount at death of 5x the monthly amount on contract
- Eligibility to receive monthly amounts as of the first day of hospitalization or day surgery
- Exchange privilege of SOLO Disability Income to SOLO Loan Insurance
- Organ donation after 6 months
- Presumptive total disability
- Rehabilitation
- Waiver of premiums
- Recurrent disability
- Based on their insurance coverage, complimentary assistance services are available at any time for your clients and their loved ones:
- They can use them when times are good, or when times are bad.
- 24/7 phone assistance services is also available.
The assistance services are not a contractual obligation of Desjardins Insurance.
Additional coverages
- Cost of living
- Partial disability
- Residual disability
- Return of premiums
- Future insurability option
- Regular occupation period extension
