Desjardins Financial Security

We're building our financial security step by step

Our priorities

Have the necessary resources to hold on to our house should tragedy strike
Make sure that my spouse doesn't have to pay my school or consumer debts should I die before they're fully paid off
Maintain our standard of living in the event of the unexpected
Reduce our tax burden

Our solutions

Have the necessary resources to hold on to our house should tragedy strike

If one of us were to die prematurely or become disabled, would our income be sufficient to cover mortgage payments, taxes and house repairs?

Mortgage Insurance or Personal Loan Insurance: With this type of coverage, we can enjoy peace of mind. We know that if one of us were to die prematurely, the surviving spouse wouldn't have to worry about paying our mortgage. It's also possible to take out the Monthly Benefit in the Event of Disability which would make our mortgage payments if one of us became disabled.

Make sure that my spouse doesn't have to pay my school or consumer debts should I die before they're fully paid off

I want to make sure that my spouse won't be saddled with my student loan or my consumer debts if I die before they're fully paid off.

Term Life Insurance: If I die before I finish paying off my loans and other debts, my spouse will be able to use the tax-free insurance amount to pay them. Once my loans are paid off, I can renew or convert this affordable coverage to meet our other future needs.

Guaranteed Insurability Benefit: With this option we could meet new life insurance needs when the time comes to have children. We could take out new amounts of insurance even if we don't meet certain medical eligibility requirements.

Maintain our standard of livings in the event of the unexpected

Maintain our financial stability in the event of an accident or illness.

Accident Insurance or Complementary Healthcare Insurance: With these coverages, we can be protected against the financial consequences of a variety of accidents or health problems. They can cover such things as hospitalization, paramedical and dental care, prescription drugs and ambulance transportation. They can also provide a lump-sum payment in case of a serious injury, fracture, disability and even accidental death.

Put money aside for emergencies because this safety cushion could help us avoid other problems downstream.

Guaranteed Investment Certificates (GICs) are just the thing because they're guaranteed and redeemable at any time. Thanks to this fund we can deal with the unexpected without jeopardizing our financial security or our property. In our GICs, we invest our tax refunds generated by our RRSP contributions.

Reduce our tax burden

We're still far away from retirement, but it's something we have to think about now. Not only do we accumulate savings for retirement, but we save on taxes too. Moreover, with the savings accumulated in our RRSPs we were able to buy our first home: we took advantage of the Home Buyers' Plan.

Multistrategy investments and Desjardins Financial Security's Guaranteed Investment Funds meet our needs perfectly:

Our multistrategy investments allow us to diversify our portfolio on an international scale between various asset classes (shares, bonds, money markets, currencies) and according to a broad spectrum of investment strategies.

The wide range of Desjardins Financial Security's Guaranteed Investment Funds also lets us take advantage of greater diversification and market growth potential.
o In addition to being managed by professionals, the capital of these products is guaranteed at maturity. As a result, we have the best of both worlds, security and performance.

Image - Did you know? Since our investments are issued by a life insurance company, we have designated each other as the beneficiary for each of our contracts. When we die, the capital will go directly to the surviving spouse and thus be excluded from our estate and won't be subject to probate fees.*

* In Quebec, a notarized will and the estate capital are not subject to probate.

I need advice tailored to " My situation "

I want to contact a financial security representative who will assess our life insurance and savings needs and suggest products tailored to our couple and our financial situation.