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Term to 65

Term life insurance products are simple and affordable—that's what people like most about them!

Term life insurance: affordable, simple and flexible. Term life insurance is perfect for covering short-, medium- and long-term insurance needs.
Combine a coverage with another eligible coverage and get a reduced premium with the multi-coverage discount!

This coverage is right for someone who:

  • Get life insurance at an affordable price
  • Provide cash flow to allow loved ones to meet their financial obligations upon their death
  • Cover financial needs
  • Help loved ones maintain their standard of living

This product lineup is suitable for all types of clients who need term insurance, in particular:

  • Youth
  • People in their working years and young families
  • People approaching retirement
  • Business people
Issue ages (age nearest)
  • 0 - 45
Premium Fixed to age 65
Renewal Starting at age 65, the policy is renewed and the premium is adjusted every 5 years
End of coverage At age 85
Insurance amounts
  • Minimum: $50,000
  • Maximum: $25,000,000*
Rate bands
  • $50,000 à $99,999
  • $100,000 à $249,999
  • $250,000 à $499,999
  • $500,000 à $999,999
  • $1,000,000 à $1,999,999
  • $2,000,000 to $9,999,999
  • $10,000,000 and more
Coverage options
  • Individual
Underwriting risk classes
Non-smoker Smoker
P1 (non-smoker – preferred rate) R1 (smoker – preferred rate)
P2 (non-smoker – preferred rate) R2 (smoker – standard rate)
P3 (non-smoker – standard rate) -

Preferred rates People in classes P1, P2 and R1 who satisfy the following criteria can be eligible for preferred rates:
  • $2,000,001 and up: for ages 18 to 45
Annual policy fees
  • Basic coverage: $40/year
  • Additional coverage(s): $20/per year, per coverage
Multi-Coverage Discount
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
Conversion option Policyowners can convert this product into an eligible permanent product at any time until they turn 70, without having to provide new evidence of insurability.

Products eligible for conversion
Association option This option allows an insured to exchange individual coverage for joint last-to-die permanent coverage until they turn 70 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.

  1. 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
  2. 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.

Matériel de vente

Work tools

Client documents