Death coverage – Savings Option (Universal Life)

Coverage that provides both insurance and a savings component which allows you to accumulate funds on a tax-exempt basis.

To get all the benefits of universal life coverage, simply add include an investment account in any of the Vision contract's life insurance options.

Features

• In the event of death, benefits, accumulated savings, interest and investment income are payable to beneficiaries tax-free.
• Coverage amount established based on a needs analysis carried out by a financial security advisor¹.
• You can get coverage for a set period to meet specific needs or for your lifetime.
• The same Vision contract Death coverage features are also available for universal life.
• Many investment options available (daily interest, fixed-rate or market-linked investments).
• Funds may be withdrawn or transferred from one investment to another with no administrative fees. Withdrawals are usually subject to income taxes. With the Health Withdrawal Option, you can make withdrawals tax-free if you:
  • are convalescing
  • are totally disabled
  • have undergone surgery
  • have been diagnosed with a critical illness as defined by the contract
• Option of jointly insuring 2 to 5 people with joint insurance. Savings amount is then paid out tax-free to survivor at the first death.
• Available to individuals aged 0 to 75.
• Cost varies according to coverage selected and personal factors (age, gender, smoker or non-smoker, general health, etc.)

Advantages

• No surrender fees if you decide to terminate your contract.
• Investment account can be used to pay future premiums or to meet future needs.
• You may add insureds to your contract as well as additional Vision coverages such as disability, critical illness, health and loss of independence insurance.
• You benefit from other Vision contract advantages such as basic coverages and assistance services at no extra charge.

To get death coverage – Savings Option insurance, 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 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. Life and health insurance agent in Ontario. Financial security advisors are employees of Desjardins Financial Security, Financial Services Firm.