Looking for the meaning of a particular word? Click on a letter to obtain the list of corresponding words.

D

Deductible
The portion of eligible expenses that the insured person assumes him/herself prior to receiving benefits.

Deferred Annuity
Annuity payments that will begin at some future date determined pursuant to a group plan or an individual contract.

Deferred Profit-Sharing Plan (DPSP)
A profit-sharing plan whereby an employer makes contributions based on the organization's annual profits to a trust for the benefit of employees.

Defined Benefit Pension Plan (DBP)
A pension plan that guarantees members a certain level of pension income, often calculated using a formula established by the plan based on the member's income and years of service.

Defined Contribution Pension Plan (DCP)
A pension plan that does not guarantee a specific level of retirement income to members. Benefits are based on the amount of contributions to the member's account plus the income from investments made with these contributions.

Delayed Retirement
Retirement after the normal retirement age.

Deposit
Means the gross premium, that is, the sum of money, paid to the Company for the purpose of attributing Units to a Contract; or, any periodic or other amount paid or payable to a Contract, less proportional reductions for Units withdrawn. For a more detailed description, please refer to the sections “Surrenders” and “Core Guarantees;” of the Contract and Information Folder.

Designated Group
A designated group must be made up of employees of one or more employers, individuals of the same profession, members of a savings and credit union, or an organization set up for a purpose other than to purchase life insurance.

Desjardins Financial Security Guaranteed Investment Funds Plan or Plan
Means Desjardins Financial Security Guaranteed Investment Funds Plan and includes the present Helios Contract.

Disability
Generally, a condition resulting from an illness or accident that temporarily or permanently prevents an individual from performing occupational duties. Disability can be covered by an insurance policy that guarantees benefits to the insured person  under the terms and for the period of time stipulated in the contract. Note that the definition of disability varies from one contract to another. See the definition in your contract.

Disability Insurance
A type of insurance that allows for payments of a benefit to the insured party if the individual is unable to work due to illness or injury.  Also called: disability coverage - income, salary insurance, weekly indemnity, short or long term salary insurance, and short or long term disability, depending on the type of insurance.

Dismemberment
Total or partial loss of a limb or external organ.

Distribution Fees
Amount paid to an investment firm adviser or manager to administer and/or oversee an investment portfolio.

Dividend
A portion of profits that a corporation distributes to its shareholders in proportion to their holdings. The corporation is not legally obliged to pay out dividends.

Due Date
The date on which a payment is owing (e.g., the premium must be paid on the premium due date).