Loan Insurance

Covers your business loan payments in the event of death or disability.

Features

• Life and disability insurance coverage available.
• Premium cost is based on outstanding loan balance.
• Monthly payments are covered in full or according to the percentage selected.
• Available to eligible company members, regardless of the size or type of business or industry. 
• There are no exclusions in the event of death.

Advantages

• Premiums take into account the loan’s continually changing balance.
• Death and disability benefits are not generally taxable or reduced by amounts received from other insurance plans. Making a claim
• Benefits are paid for the duration of the disability until the loan is paid in full or the insured reaches the age of 70.
• Complimentary access to some of the following GPS Program assitance services: Psychological Assistance, Convalescence Assistance, Estate Settlement Assistance and Legal Assistance.
• There are no exclusions regarding the type of work.

	At a Desjardins Business Centre	Make an appointment with an account manager at a Desjardins Business Centre.
	At the caisse	Make an appointment with an advisor at a caisse.

Loan Insurance is underwritten by Desjardins Financial Security Life Assurance Company. Some restrictions apply to this product. Please see the Notice section.