• Insurance Questions

    Which type of life insurance or product is right for you?

    Term Life Insurance

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    Whole Life Insurance

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    Universal Life Insurance

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    Provides coverage for a set period of time. Provides lifetime coverage. Provides lifetime coverage and a tax-free savings opportunity.

    Main features

    Meets short-term needs (e.g. while your children are growing up or you’re paying off your mortgage). Meets long-term needs (e.g. to leave your loved ones an inheritance). Meets long-term needs (e.g. to leave your loved ones an even bigger inheritance).
    Affordable coverage for a set period of time with fixed premiums.

    Pay fixed premiums for the duration of the policy or pay in full over a set period of time (e.g. 10 or 20 years).

    Fixed premiums for the entire policy period.
    You choose how much you want to save tax-free. This amount is deposited into the investment options you’ve selected.
    Doesn’t include a savings component. Doesn’t include a savings component. Includes a savings component.
    Can be renewed at the end of the policy period. Cost is then adjusted for a new term. Lasts your whole life so you don’t need to renew it. Lasts your whole life, but lets you add or change coverages as your needs change.
    Can be converted to permanent or universal life insurance. Can’t be converted. Some coverages can be converted.
    Can be combined with health insurance. Can be combined with health insurance. Can be combined with health insurance.
    Find out what our term life insurance products can do for you! Find out what our permanent life insurance products can do for you! Find out what our universal life insurance products can do for you!

    *Mutual funds are distributed through Desjardins Financial Security Investments Inc.  For insurance  products,  Desjardins Financial Security Investments Inc. acts as a national life insurance brokerage agency.