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Issue ages (age nearest) | |
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Premium | Fixed |
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End of coverage | At age 65 |
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Insurance amounts | - Minimum: $25,000
- Maximum: $20,000,000
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Rate bands | - $25,000 à $49,999
- $50,000 à $99,999
- $100,000 à $249,999
- $250,000 à $499,999
- $500,000 à $999,999
- $1,000,000 à $4,999,999
- $5,000,000 and more
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Coverage options | |
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Underwriting risk classes | | Non-smoker | Smoker |
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| P1 (non-smoker – preferred rate) | R1 (smoker – preferred rate) | | P2 (non-smoker – preferred rate) | R2 (smoker – standard rate) | | P3 (non-smoker – standard rate) | - |
Please refer to the Life - underwriting requirements on you secure web site for more details. |
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Preferred rates | People in classes P1, P2 and R1 who satisfy the following criteria can be eligible for preferred rates:
- $1,000,001 and up: for ages 18 to 44
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Annual policy fees | - Basic coverage: $40/year
- Additional coverage(s): $20/per year, per coverage
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Multi-Coverage Discount | Policyowners can benefit from the Multi-Coverage Discount if they take out 2 or more eligible insurance coverages on the same policy.
See which products are eligible for the
Multi-Coverage Discount. See which products are eligible for the Multi-Coverage Discount on your secure web site. |
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Payment frequency | - Annual
- Monthly by pre-authorized payments (0.09 x total annual premium)
The total annual premium refers to the total policy premium including any additional coverages and applicable policy fee. |
Flexible options | |
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Conversion option | Policyowners can convert this product into an eligible permanent product at any time until they turn 60, without having to provide new evidence of insurability.
Products eligible for conversion |
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Association option | This option allows an insured to exchange individual coverage for joint last-to-die permanent coverage until they turn 60 by adding another insured. Evidence of insurability is required for new insureds who don't already have a life insurance policy that provides an association option and was issued by Desjardins Insurance.
- If the new insured already has coverage that provide an association option and was issued by Desjardins Insurance:
- No evidence of insurability is required
- The sum insured available corresponds to the lowest insurance amount that is held by the insureds
- If the new insured doesn't already have coverage from us:
- They must provide evidence of insurability
- The available insurance amount corresponds to the insurance amount that is held by the current insured
If the coverage results from the previous exercise of an association option, then this option is not available.
A partial amount lower than the total insurance amount can be used, as long as the insurance minimum for the current product is met. The initial policy will keep the insurance amount that wasn’t used. The association option of this part of the coverage can be used later, if required. |
