In these unprecedented times it is important that we provide clients with the protection they need at a affordable price. However, as we live longer, a large majority of Canadians live with health issues and may be confronted with a rated offer when they apply for insurance. At Desjardins Insurance we don’t want your client to have to choose between a lower amount of insurance or going to a term product when they get rated. That is why we have introduced our Desjardins Rate Reduction Plan!
If your client is offered a substandard rating on PERMANENT Life or CI INSURANCE PLANS* they will be eligible for the substandard rate reduction. And the good news is….The rate reduction is automatic… regardless of the type of health condition! The Illustration tool will automatically apply the reduction in the substandard premium field.
Let’s see how it works:
MALE, 50, Non-smoker, 10 Pay PAR Estate Enhancer for $100k:
Annual Premium: $7,104.00
UW indicates a +100% rating: $14,168.00
With Desjardins Rate Reduction Plan: $8,516
THAT’S A SAVINGS OF $5,652.00 (approx. +20% rating versus +100% rating)
*Eligible Products
Traditional Life | Universal Life | PAR Life | Critical Illness |
Whole life guaranteed 10 Pay Whole life guaranteed 15 Pay Whole life guaranteed 20 Pay Whole life guaranteed to 65 Whole life guaranteed to 100 Term to 100 | Universal Life Term to 100 | Accelerated growth 10 Pay Accelerated growth 20 Pay Accelerated growth to 100 Estate enhancer 10 Pay Estate enhancer 20 Pay Estate enhancer to 100 | Health priorities – 10 Pay Health priorities – 20 Pay Health priorities – Child, 20 pay Health priorities – Business (EHP) (T75 and T100) |