Savings-Life Insurance

Who should get this insurance?

Desjardins members who want to protect both their families from the financial consequences of a death. Savings-Life Insurance is attached to the various savings accounts offered by your branch and can be used to cover the funeral expenses and financial obligations of the deceased person.

Features

Eligibility
Simply answer a few questions to find out immediately whether you are eligible.

Find out more about eligibility.
Coverage
Provides coverage for various savings accounts:
  • qualifying shares, personal chequing accounts or regular savings accounts
  • term savings (including RRSPs and RRIFs)
Find out more about the coverage.
Amount of insurance
Small amounts of insurance are available (minimum $10,000).
Premium
Low premiums, since Savings-Life Insurance is a group insurance product.

How are premiums calculated?
Benefits
Tax-free benefits. When an insured dies, the estate receives an amount that could offset the taxes payable when any RRSPs are cashed in.

Making a claim
Access to assistance services
Access to some GPS Program assistance services:
Other
Find out more about important notices.

Find out more

Read the Savings-Life Insurance Participant's Guide (PDF, 807 KB).

How to get this product
At the branch At the branch
Make an appointment with an advisor at a branch.

Savings-Life Insurance is a Desjardins Financial Security Life Insurance Company product.


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