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Whole life guaranteed 10 Pay

Whole life guaranteed 10 Pay (Life 10) is a permanent life insurance product with a guaranteed cash surrender value, payable for 10 years.

Features

Main features

  • Paid-up premiums as of the 10th year
  • Additional paid-up benefits in 10 years (except for children's insurance)
  • Generous guaranteed cash surrender values available as of the 5th year
  • Reduced paid-up insurance as of the 8th year
  • Eligible for term insurance conversions

Return of premiums

Desjardins Insurance is one of the only companies in the industry to offer cash surrender values as of the 5th year. In the event of cancellation of your coverage between the 5th and the 10th policy anniversaries, Guaranteed Whole Life 10-Pay allows for a partial reimbursement of premiums* and, generally, after the 15th year, a reimbursement that may exceed 100% of premiums paid.

*Subject to applicable tax regulations.

Product description

Issue ages (age nearest)

  • 0 to 75

Amount of insurance

  • Minimum: $10,000
  • Maximum: $10,000,000*

Rates bands

  • $10,000 - $24,999
  • $25,000 - $49,999
  • $50,000 - $99,999
  • $100,000 - $249,999
  • $250,000 - $499,999
  • $500,000 and more

Premiums

  • Level, guaranteed and payable in 10 years

Annual policy fee

  • Basic coverage: $40
  • Additionnal coverage: $40

Cash surrender value

  • Beginning in the 5th year

Termination of coverage

  • At the insured’s death

Paid-up coverage option

  • Beginning in the 8th year

Insured life options

  • Individual
  • Joint 1st to die (2 to 5 insureds)
  • Joint last to die (2 insureds)
  • Joint last to die with waiver of premium at 1st death (2 insureds)

Conversion privilege

  • No

Conversions

  • Yes

Rate reduction program

Sales material

To order, complete and submit the marketing supply requisition form.