This Desjardins Critical Illness Insurance review includes our ratings as well as details about their terms and coverage.
For more company reviews, head here to read about the best critical illness insurance companies in Canada.
Read more about:
- Desjardins Critical Illness Insurance plan details
- Who is Desjardins?
- Does Desjardins sell critical illness insurance?
- What critical illness insurance coverage and terms does Desjardins offer?
- Does Desjardins critical illness insurance offer a return of premiums?
- How do I apply for Desjardins’s critical illness insurance?
Desjardins Critical Illness Insurance Full Review
Desjardin’s Health Priorities product offers prospective clients a lot of choice in coverage and term. It covers more illnesses for partial payment than most other companies in Canada. However, they offer very little in digital fulfillment. And, those previously mentioned partial payments count as an advance against your overall payout.
- The highest number of conditions covered (26 full payout illnesses)
- Generous partial benefit payouts (most number of covered partial conditions)
- Multiple coverage amounts and multiple terms possible
- No survival period on most conditions (except cardiovascular)
- Whole life coverage and limited pay options available
- Children’s coverage available
- No electronic application – only paper form
- No online access
- Partial payment is an advance and reduces overall coverage
- No second event coverage: Policy terminates after first claim payout
|Product Name||Health Priorities|
|Critical Illness coverage||Enhanced Coverage|
|Available Terms||10 years, 20 years, and to age 65, 75, and 100|
|Limited Pay option||Yes. 10 and 20 pay options are available|
|Maximum coverage||Up to $3 million|
|Conditions covered||Enhanced - 26 conditions|
|Loss of Independent Existence coverage||Yes|
|Partial payout conditions||15 eligible conditions. Pays an advance for partial payout conditions, which reduces the coverage amount correspondingly|
|Partial payment or early detection payment||Yes, 15% up to a maximum of $50,000, or 30% up to a maximum of $100,000 depending on illness|
|Childhood illnesses coverage||Yes|
|Survival period||0 days for most conditions, except 30 days for a a cardiovascular issue|
|Return of Premium on death||Yes|
|Return of Premium on expiry/cancellation||Yes, amount increases from the 4th year of coverage onwards|
|Online account access||None|
Headquartered in Quebec, Desjardins Group is North America’s largest federation of credit unions and has served Canadians since 1901. Desjardins is a household name in Canada in everyday banking and lending and other financial services.
Their recent focus on sustainable practices and investing has lead them to commit over $2 billion to renewable technologies, as well as installing over 200 electric vehicle charging stations in Quebec and Ontario and offering 11 new responsible investment products to their customers.
Desjardins’ maximum coverage for critical illness insurance is $2.5-million. It covers 26 critical illnesses, which is one of the highest in the industry
There offer coverage for loss of independent existence. They offer partial payouts for 15 different conditions. The payout is typically 15% of the policy up to $50,000, though they also offer a 1% payout for certain cancers up to a max of $5,000.
The survival period (how long you must survive with the illness before you can collect your benefit) is 0 days for most conditions, though they do have a 30-day wait for those who suffer from cardiovascular conditions.
Desjardin offers critical illness insurance for 10- and 20-year terms or coverage up to 65, 75, or 100 years of age.
10 and 20 pay options are available for some terms.
You can speak to advisors from the best online life insurance broker in Canada to find the best critical illness insurnace product for your needs. If you prefer, you can enter your information and look up quotes here or schedule a call with one of our licensed brokers to apply for Desjardin’s critical illness insurance.
The information above is a brief representative summary for indicative purposes only. It does not include all terms, conditions, limitations, exclusions, termination and other provisions of the policies described, some of which may be material to the policy selection. Please refer to the actual policy documents for complete details. In case of any discrepancy, the language in the actual policy documents will prevail. A.M. Best financial strength ratings displayed above are not a warranty of a company’s financial strength and ability to meet its obligations to policyholders.