Participating life insurance
Insurance that covers you for life and builds cash value.
Call us to find the best coverage for you.
You can also schedule a call.
What is participating life insurance?
Participating life insurance provides the coverage you need plus the opportunity to grow cash value. The premiums you pay go into our participating account, which may, depending on its performance, provide a dividend
We manage the participating account entirely, making sure investments are diversified and safe.
Why participating life insurance might be right for you
Participating life insurance provides a tax-free payment to your loved ones after you're gone. Plus, you have the chance to access the cash value during your lifetime.
You can have peace of mind knowing that you can build a financial foundation for your loved ones and boost your retirement income if you need to.
Leave an inheritance to your family
You can accumulate more than with our permanent life insurance.
Pay the taxes on your estate
A way to reduce the tax burden on your family.
Access cash during your lifetime
Through dividends
Features
Annual dividends
5 dividend options
Guarantees
The premiums, insurance amount and some cash surrender values are guaranteed.
Payment period options
Pay your premiums for 5, 10 or 20 years, or up to age 100.
Advantages of participating life insurance
We offer a variety of coverage options
Maximize your insurance amount
To increase the amount payable on your death and leave more to your loved ones.
Take advantage of high cash surrender values
To help you reach a goal or increase your retirement income.
Choose how to use your dividends
You can use them in several ways:
- Get paid-up additions (PUAs)
4 - Deposit them to earn interest.
- Receive a cash payment.
- Reduce your annual premium.
- Increase your coverage amount with the enhanced insurance option.
Good to know
You can use cash surrender values for business purposes:
- Finance development projects.
- Supplement the retirement income of a shareholder.
- Manage risks related to losing a key person in your company.
- Plan the transfer of your business and protect its future in the event of your death.
Additional coverages
Boost your protection with our add-ons.
- Accident
- Accidental death, dismemberment or loss of use
- Accidental dismemberment or loss of use
- Accidental fracture
- Business insurability coverage
- Children's accidental fracture
- Children's life protection
- Guaranteed insurability benefit
- Waiver of premiums in case of disability
Assistance services
If you have health-related questions or are looking for support, we're here for you.
Phone assistance
Call anytime for advice from a nurse on nutrition, vaccinations, the use of prescriptions drugs and other health matters.
FAQ
What are life insurance dividends?
Life insurance dividends are payments made to insurance policyholders. Unlike dividends paid by companies to shareholders, they don't entitle the holder to share in the company's total profits. And they don't receive the same tax treatment.
How do paid-up additions (PUAs) work?
PUAs are single premium permanent life insurance amounts that are added to the basic insurance coverage amount. They generate additional dividends as of the second year. This means the amount payable upon death and the cash value can increase.
How can I use the cash value in a participating life insurance policy?
You can use cash value in various ways:
- Withdraw the non-guaranteed cash surrender value generated by PUAs.
- Apply for a policy loan.
- Request a partial or total surrender of your basic insurance coverage.
- Ask for premium payments to stop and opt for reduced paid-up insurance.
4
What's the difference between cash value and cash surrender value?
Cash value is the amount that builds up over time in a life insurance policy based on the premiums paid, interest earned, etc.
Cash surrender value is the amount you'll receive if you cancel (or surrender) your policy or withdraw cash. This is usually the cash value minus fees, if any.
Get a life insurance quote
By phone
Monday to Friday: 9 AM to 5 PM
1-866-838-7661 Phone number of Desjardins Insurance. This link opens your phone app.
We can also call you when it's convenient.