Life insurance

The death of a business partner, key employee or family member can cause upheaval in any company. As a business person, you can help minimize the impact of such an event.

In case of death, life insurance can help you pay off certain expenses, such as:

• income taxes owed by the deceased
• the cost of finding a replacement
• buying back the shares of the deceased partner

A financial security advisor¹ can help you select from Vision contract coverage options to create a customized insurance solution tailored to your current and future needs.

Vision contract life insurance options

Type of life insurance	Eligibility age	Coverage amount	Term	Who is this for?
Partner Death or Disability	18 to 55	Based on a needs analysis.	Life insurance: lifetime. Disability insurance: up to age 60.	Business people who currently have a buy-sell agreement (two or more partners).
Death coverage	0 to 75	Based on a needs analysis.	Term or lifetime.	Individuals who want a policy that can be tailored to meet their changing needs.
Death coverage – Paid up (with surrender values)	0 to 75	Based on a needs analysis.	Can be lifetime, but the cost of the insurance is limited to 10 or 20 years, or until age 100.	Individuals who want to their policy to be fully paid up within a set period and who want to benefit from the surrender values.
Death coverage – Savings Option (Universal Life)	0 to 75	Based on a needs analysis.	Term or lifetime.	Individuals who want to protect their wealth and accumulate tax-exempt capital.
Death coverage – Accelerated Savings (Universal Life)	0 to 75	$250,000 and up when taking out the policy (based on a needs analysis).	Term or lifetime.	Individuals who want to protect their wealth, accumulate tax-exempt capital, and who want their policy to be fully paid up after only a few payments (e.g.: in a single premium or payment over 2 or 3 years, etc.).
Monthly Income in Case of Death	18 to 75	Monthly benefits starting at $250.	Term (minimum 10 years; up to age 85).	Individuals who want their family (dependent children) to receive a monthly benefit if they die.
Guaranteed insurability	0 to 40	$25,000 to $100,000	Up to age 45 or last election period.	Ideal for children since it allows contract holder to obtain new death coverage without having to provide evidence of insurability (proof of good health).

To get a Vision contract, please meet with a financial security advisor 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 products described above are Desjardins Financial Security Life Assurance Company insurance coverages 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. Life and health insurance agent in Ontario. Financial security advisors are employees of Desjardins Financial Security, Financial Services Firm.