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You are here: Home > Business > Insurance > Life and health insurance > Life insurance > Permanent > Vision Paid-Up Death Coverage

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Vision Paid-up Death Coverage

  • Lets you pay off all of your premiums in 10 years, 15 years, 20 years, or at age 65 or 100
  • Guarantees a surrender value if you terminate your policy early
  • Pays a tax-free lump-sum benefit to your beneficiaries when you die
  • Is right for you if you want to pay off all your premiums within a set period - you can also benefit from the surrender values after your coverage has been in force for a set number of years

Features


Eligibility

Ages 0 to 75

Coverage period

Lifetime

Benefit amount

A financial security advisor1 will help you choose the amount that's right for you

Cost

Based on the benefit amount selected and your personal situation (age, sex, smoking habits, state of health, etc.)

Other

Lets you:

 

Assistance services

Provides access to several Guide, Protect and Support Program assistance services at no extra charge:

 

1. In Ontario, this refers to a life and health insurance representative employed by Desjardins Insurance. In Quebec, this refers to a financial security advisor employed by Desjardins Financial Security, Financial Services Firm and assigned to a Desjardins caisse.

Desjardins Insurance refers to Desjardins Financial Security Life Assurance Company.

2. Some conditions apply. Available only with certain coverages.

Joint insurance

With Vision Paid-Up Death Coverage, you can choose to jointly insure 2 to 5 people under the same policy. You can also choose to have the benefit payable on the first or the last death.

3 options

  • Joint first-to-die insurance (2 to 5 insureds)
    • The benefit is paid on the death of the first insured
    • If multiple insureds die at the same time, the insurer will pay the selected benefit amount for each insured
  • Joint last-to-die insurance (2 insureds)
    • The benefit is paid to the beneficiary of the insured who dies last
    • It's a great choice for couples who want to make sure their heirs have enough money for the income tax that needs to be paid on the death of the second insured.
  • Joint last-to-die insurance paid up on first death (2 insureds)
    • The benefit is paid on the death of the second insured
    • After the first insured dies, the surviving insured doesn't pay any more premiums

This coverage is a product of Desjardins Insurance. In Ontario, it's distributed through life and health insurance representatives employed by Desjardins Insurance, and in Quebec, it's distributed through financial security advisors employed by Desjardins Financial Security, Financial Services Firm. Desjardins Insurance refers to Desjardins Financial Security Life Assurance Company.

This web page is for information purposes only. Only the policy and insurance application will be used to settle legal disputes. Some exclusions and restrictions apply.

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