Partner Death or Disability

Allows a partner to get the funds required to buy another partner’s shares in the event he or she dies.

For companies in operation for at least 3 years.

Features

• Partners who have signed a buy-sell agreement are covered in the event of death or total and permanent disability¹ persisting at least 24 months.
• A financial security advisor² will help you establish coverage amount based on a needs analysis.
• If coverage is taken out as part of the Business Partner Solution, coverage amount increases when:
  • the company value increases or the percentage of shares held by partners changes
  • a benefit is paid as a result of disability or death of a business partner
• Available to individuals aged 18 to 55.
• Cost: varies according to coverage selected and personal factors (age, gender, smoker or non-smoker, general health, etc.).
• Duration of coverage:
  • disability: up to age 60
  • death: insured’s lifetime

Advantages

• If your buy-sell agreement specifies that you can buy back a partner’s shares in the event of critical illness, you can obtain complementary critical illness coverage.
• You may add insureds to your contract as well as additional Vision coverages such as disability, health and loss of independence insurance.
• You benefit from other Vision contract advantages such as basic coverages and complimentary access to some of the following GPS Program assistance services at no extra charge: Convalescence Assistance – referrals, Legal Assistance, Estate Settlement Assistance et Travel Assistance.

To get Partner Death or Disability 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. Total disability is defined as the insured’s inability to perform any kind of replacement occupation. Disability must be complete, permanent, and the result of an illness or accident.
2. Life and health insurance agent in Ontario. Financial security advisors are employees of Desjardins Financial Security, Financial Services Firm.