Fulfill your financial obligations under your business line of credit in the event of death or disability without any hassle.
Is this insurance for you?
Persons eligible: Available to eligible company members, regardless of the size or type of business or industry.
Life insurance: must be under 70
Disability insurance: must be under age 65 and already enrolled in life insurance
Benefits: Based on your needs and paid regardless of line of credit balance
Premiums: Based on due balance
Line of Credit Insurance offers you 2 types of coverage:
The premium is calculated based on the amount you have chosen to insure and the applicable premium rates based on the age attained by each insured.
The first premium is due on the date the insurance becomes effective. The following premiums are payable on the same date each month.
Note that the first two premium payments are withdrawn on the first day of the second month of insurance.
Generally not taxable or reduced by amounts received from other insurance plans.
No matter what your type of business, its size or the business sector in which it operates, you are eligible for Line of Credit Insurance if you are:
In most cases, eligibility for Line of Credit Insurance is determined on the basis of a few medical questions asked when you apply for the line of credit. Based on your answers, you may be required to submit an insurability report.
Certain limitations, restrictions and exclusions may apply. For the complete list, see the Participant’s Guide or refer to the insurance policy available at your Caisse populaire.
There are no exclusions regarding the type of work.
This section summarizes the type of coverage provided and the terms and conditions of the Line of Credit Insurance. The information is intended to be clear and simple, so that you can easily understand the product.
The insurance policy contains all the terms and conditions of Line of Credit Insurance. Only the policy and insurance application will be used to settle legal disputes.
See the Distribution Guide or contact Desjardins Financial Security by toll-free at 1-866-838-7584, Monday to Friday, 8:00 a.m. to 5:00 p.m. (ET).