| Enhanced T10 - Product Description |
|
|
Description
The Enhanced T10 plan is available as a stand-alone policy.
Issue Ages - (Age Last)
Issue Limits
Life insurance amount
Critical Illness benefit
- Minimum "advance benefit" - 25% of the face amount of the policy
- Maximum "advance benefit" - 100% of the face amount, up to $1,000,000
In the case of a change in the life insurance amount, if the Enhanced T10 has been inforce for:
- Less than 10 years: the minimum life insurance amount is $100,000. The critical illness advance benefit must continue to respect the 25% minimum and the 100% maximum of the new life insurance amount ($25,000 minimum, up to a maximum of $1,000,000).
- 10 years or more: The minimum life insurance amount is $25,000. The critical illness advance benefit must be at least $25,000 and must continue to meet the 25% minimum and the 100% maximum of the new life insurance amount ($25,000 minimum, up to a maximum of $1,000,000).
Conversion (life only)
Convertible to any permanent life insurance plan designated as a conversion product, without further evidence of insurability, up to age 70. The amount available for conversion is reduced by the amount of any "advance benefit" paid.
Benefit Payment
Upon death
- Payment of 100% of the life death benefit if no "advance benefit" has been requested.
In case of critical illness
- Payment of the "advance benefit" chosen on the application following the diagnosis of a covered critical illness or of a medical problem.
- The coverage terminates itself if 100% of the benefit is paid.
- If the payment is less than 100% of the entire benefit, the sum insured is reduced by that amount and the premiums are also adjusted accordingly.
Following a Coronary Angioplasty
- If this coverage is selected, 10% of the advance benefit is paid up to $100,000.
Annual Policy Fees
Single life: $135 (commissionnable)
Joint life: not available
Modal Factors
- Semi-annual .52 x total annual premium
- Monthly PAC .09 x total annual premium + $1.00
Applications
The Desjardins Financial Security application must be completed in full.
Optional Riders
- Accidental Death or Dismemberment
- Accidental Fracture Rider
- Waiver of Premium
- Child Protection Rider
- Children's Accidental Fracture (available only if the Child Protection rider is selected)
Coronary Angioplasty Rider
An optional rider that provides an advance payment of 10% of the Critical Illness (C.I) coverage amount in the event of a Coronary Angioplasty procedure.
After a Coronary Angioplasty claim is paid-out:
- The Angio Rider is terminated and the Angio Rider premiums stop.
- The CI coverage amount is reduced by 10%.
- The life coverage is reduced by the same $ amount.
- The premium for the remaining coverage is adjusted accordingly.
Preferred risk on life insurance
- 5 classes: Non-smoker
- 4 classes: Smoker
Assistance service
Legal Assistance
A direct phone service provided by a lawyer who helps you find answers to the legal concerns you may have.
|
|