Loss of independence insurance

Thanks to medical progress, you’ll probably live to a ripe old age. But sooner or later, the chances of losing your independence will increase.

According to Statistics Canada, life expectancy at birth is age 83 for women and 78 for men¹. Almost inevitably, age brings with it a higher risk of limitations than can hamper your ability to live independently.

Age	Dependent seniors2
65 to 74	1 out of 3
85 and over	4 out of 5

If one day you needed help performing everyday tasks, who would you get this help from? In 90% of cases, caregivers are family members, either a spouse or the children³.

Loss of independence means the insured needs:

• help performing 2 of the 6 activities of daily living: bathing, dressing, eating, using the toilet, getting in and out of bed and chairs, or be incontinent OR
• ongoing supervision to ensure his or her security because of a cognitive impairment of organic origin (i.e., Alzheimer’s disease, senile dementia)

Why take out loss of independence insurance?

In the event you become unable to care for yourself, you receive a non-taxable monthly benefit, allowing you to keep your financial and estate plans on track. You can use the amount received as you wish, notably to:

• protect your wealth and children’s future inheritance
• hire home care personnel
• make required home adaptations
• get services not offered in public or private health care facilities

To get loss of independence insurance, please meet with a financial security advisor⁴ at a caisse or Desjardins Business Centre.

	By e-mail	Write us
	By phone	1-866-838-7661
	At the caisse	Make an appointment with a financial security advisor at a caisse.
	At a Desjardins Business Centre	Make an appointment with a financial security advisor at a Desjardins Business Centre.

The product described above is Desjardins Financial Security Life Assurance Company insurance coverage distributed by Desjardins Financial Security, Financial Services Firm. This document is provided for informational purposes only. Only the policy and the insurance application will be used to settle legal disputes. Certain exclusions and restrictions may apply.

1. Source: Institut de la statistique du Québec, Perspectives démographiques, Québec et régions, 2001.
2. Source: Ministère des Finances du Québec, February 2005.
3. Source: Tendance sociales canadiennes, La génération sandwich, Summer 2005.
4. Life and health insurance agent in Ontario. Financial security advisors are employees of Desjardins Financial Security, Financial Services Firm.