Loan Insurance

An insured loan. Now that’s reassuring.

Make an appointment with a caisse advisor:

Online Opens in a new window.

By phone Opens in a new window.

Why choose us?

  • Fair premiums proportional to the risk involved
  • Benefits paid for the entire duration of the total disability
  • Basic financial support in the event of a cancer diagnosis
  • Coverage for loans in the event of death or disability
  • No middleman; simply enrol at a caisse

Exclusive advantage for members


With Loan Insurance, you get:

  • Coverage that allows you to pay off your loan in the event of death, a cancer diagnosis and disability
  • A choice of 2 coverages:
    • Life insurance (coverage in case of death or a cancer diagnosis)
    • Disability insurance (coverage in case of accident or illness)
  • Premium payments are included in the instalment payments and the premium is automatically adjusted based on the loan balance so it’s always proportional to the insured risk
  • Non-taxable benefits that aren't reduced by any amounts received from other private or public plans
  • Provides free access to certain telephone assistance services:
    • Psychological Assistance
    • Convalescence Assistance - case management
    • Legal Assistance
  • Versatile Line of Credit holders: see Loan Insurance - Versatile Line of Credit
  • Green Homes Program participants: get free access to the Home Assistance phone service, which provides you with home-related referrals and advice.
  • Persons eligible: borrowers, their spouses or guarantors
  • Life insurance: must be under age 70
  • Disability insurance: must be under age 65 and already enrolled in life insurance

Eligibility is determined on the basis of a few questions asked when applying for the loan. Depending on the answers, you'll find out right away if you're eligible, or whether an insurability report needs to be submitted.

Life insurance

  • In the event of death, the insured balance of the loan is paid off, up to a maximum of $10,000,0001 per participant
  • In the event of a cancer diagnosis or recurrence2 that occurs on or after November 1, 2012, a lump sum equal to 6 monthly loan payments (or 3 monthly loan payments if age 55 or older) multiplied by the life insurance percentage is paid

    Maximum of $45,000 per participant ($22,500 if age 55 or older)

Disability insurance

  • In the event of total disability, the insured portion of the instalment payments is paid off, up to a maximum of $7,5001 per month, per participant
  • Benefits are payable for as long as the insured remains totally disabled, until the debt is paid off
  • Option to enrol in Homeowner Plus Option extended coverage:
    • Exclusive offer for mortgage borrowers
    • Benefit equal to 150% of the instalment payments (in the event of total disability)
    • The insurer makes loan payments on behalf of the insured as long as they remain totally disabled. The insured also receives an additional amount that can be used to cover property upkeep expenses (e.g., municipal and school taxes, electricity and heating)

1. For all Loan Insurance or Line of Credit Insurance policies issued by the insurer.

2. Cancer recurrence: a cancer diagnosis occurring more than 60 months after treatment for a previous cancer diagnosis has ended.

  • Premiums are calculated based on the:
    • loan balance
    • coverages selected
    • insured loan percentage selected
    • number of insureds, their age and sex
    • loan amount and amortization period
    • smoking habits
  • By taking out Loan Insurance, you agree to a higher interest rate on your loan. The interest rate on your loan therefore consists of 2 rates combined: the basic interest rate charged by your financial institution plus an additional interest rate for the insurance.

    This makes it possible to calculate the instalment premium based on the loan balance owing. Generally, the premium decreases as the loan balance decreases, since it automatically reflects the principal payments made. As a result, you pay a fair premium for the real risk that your loan represents.

  • "Double coverage" advantage
    You can get a discount on your life insurance if you enrol in life insurance plus disability insurance


To learn more about Loan Insurance, check out the Participant's Guide (PDF, 2.1 MB) - This link will open in a new window.. It contains everything you need to know about the product, including conditions, terms, exclusions and restrictions.

Exclusions and restrictions

Some exclusions and restrictions apply. For a complete list, see the Participant's Guide (PDF, 2.1 MB) - This link will open in a new window. or visit your caisse to consult the insurance policy.

Legal notice

The information appearing on this site summarizes the terms and conditions of this insurance and has no contractual value. It's intended to be clear and simple, so that you can easily understand the product.

Only the policy and insurance application will be used to settle legal disputes. The insurance policy contains all the terms and conditions of this coverage.

Exclusive advantage for members

Financial support in the event of a cancer diagnosis

Desjardins Loan Insurance includes a cancer diagnosis benefit as part of its core coverage. This lump-sum benefit can equal up to 6 monthly instalments.

See all member advantages for individuals – Financial products and services