Loan Insurance – Business

Meet the financial obligations associated with business loans in the event of death or disability without hassle.

Is this insurance for you?

  • You hold a line of credit at your Caisse.
  • You are looking for a protection that will allow you to meet the financial obligations related to your line of credit in the event of death, or disability.

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 65 and already enrolled in life insurance

Benefits: Paid for the duration of the disability until the loan is paid in full or the insured reaches the age of 70.

Premiums: Based on due balance



Loan Insurance offers you 2 types of coverage:

  • Life Insurance. In the event of death, the Insurer pays off the insured portion of the net debt, up to $10 million* per participant.
  • Disability Insurance. In the event of total disability, the Insurer pays the insured portion of payments, up to $7,500* a month per insured.


When you take out Loan Insurance, you agree to an increased interest rate on your loan, or to pay the basic interest rate charged by your financial institution plus an additional interest rate for insurance.

The instalment premium is calculated 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.


  • 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 Loan Insurance if you are:

  • the borrower, his/her spouse or his/her guarantor
  • a member, shareholder, director, owner of the borrowing corporate body or his/her spouse or the guarantor of this corporate body

Age of eligibility

  • Life Insurance: you must be under 70 years of age.
  • Disability Insurance: you must be under 65 years of age and already have life insurance.

Health questions

In most cases, eligibility for Loan Insurance is determined on the basis of a few medical questions asked when you apply for the loan. Based on your answers, you may be required to submit an insurability report.

Assistance services

More information

Limitations, restrictions and exclusions

Certain limitations, restrictions and exclusions may apply. For the complete list, see the Participant’s Guide or refer to the insurance policy, also available at your Caisse populaire.

There are no exclusions regarding the type of work.

Legal Notice

This section summarizes the type of coverage provided and the terms and conditions of the Loan 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 Loan Insurance. Only the policy and insurance application will be used to settle legal disputes.

Want to learn more about the Loan Insurance?

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).

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