Desjardin Critical Illness (CI) Review

Desjardin has had a very strong Critical Illness policy for many years now. Let us take a quick look at why that might be.

Available Critical Illness Insurance Terms

Desjardin has a wide range of available terms. With Desjardin, you have access to terms 10 and term 20. As well as the level to age 65, 75 and age 100. This gives you a large range of terms to choose from.

Other Features 

Their loss of independence is a little different than everyone else. 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. This is in the policy, to begin with, so for no extra cost, you get an added benefit.

Along with this, Desjardin has a very high coverage amount where you can apply for 3 Million of coverage. When compared to other large companies who only offering 2.5 Million (some only $50,000 or $100,000).

Survival Period 

The survival period or 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 has talked about making changes to this, so it is best to check before applying.

Who is Desjardin best for? 

Desjardin has a strong product lineup. Unlike some of their competitors, they have managed to keep their prices down. So you get a lot of benefits for no extra cost. Because their coverage is high you may see more business owners looking to Desjardins for coverage.

PROS

• 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 payment options available

CONS

• Partial payment is an advance and reduces overall coverage
• No second event coverage: Policy terminates after first claim payout

As of March 2021, Desjardin has a very strong product. One of the best overall coverages in the market. Because they are so strong, we recommend double-checking with your advisor before applying as coverage may change.