Why take out insurance?

Life is made up of a series of events that could have a significant impact on your financial situation; the birth of a child, buying a new home or joining the workforce are all occasions that could result in taking on a new financial obligation. It is important that you take time at various stages of your life to evaluate and review your insurance needs.

In addition to offering many tax and estate planning advantages, insurance can also provide needed help when the unexpected strikes. It provides you with cash when you need it most. For example:

• Minimize, for both you and your loved ones, the financial repercussions of an accident, illness or death.
• Replace a potential loss of income in the event of disability.
• Avoid having to dip into your savings in the event of critical illness (cancer, heart attack, stroke, etc.).
• Cover capital gains taxes on your death.
• Pass your whole estate on to your heirs.

Need to review?

It's time to review your personal insurance coverage if:

• your coverage hasn't changed in the last 3 to 5 years
• you have new family and financial responsibilities, like a new baby or a new home
• taking the current economic context and inflation into account, the income generated by your life insurance's proceeds no longer suffices to maintain your standard of living after your death

A Desjardins Financial Security advisor¹ can help you analyze your insurance needs and recommend the best life and health insurance coverage for your situation. Make an appointment at your caisse.

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	By phone	1-866-838-7661
	At the caisse	Make an appointment with a financial security advisor at a caisse.

1. Life and health insurance agent in Ontario. Financial security advisors are employees of Desjardins Financial Security, Financial Services Firm.