Who has the best critical illness insurance? Desjardins reviewed
Great critical illness insurance is an incredible asset if the worst happens. Not only can a heart attack, stroke or cancer diagnosis sideline you from working, but the financial aspect can be a difficult weight to bear alone.
Have you ever thought about how you would provide for yourself and your dependents if you were to get ill? Whereas disability insurance can provide you with a monthly income when you are stopped from working, critical illness insurance can provide a large lump sum payment to defray the immediate costs of medical care and lifestyle changes.
Critical illness insurance comes in a wide range of coverage types and benefit amounts, so it is not always easy to pick the best one for you.
Are you wondering if Desjardins’s critical illness insurance is right for you? This page explores their offer in detail. Get our Desjardins review, a breakdown of available coverage options and much more.
Who is Desjardins?
Desjardins Insurance is a subsidiary of Desjardins Group, the Canadian financial service and credit union giant. While it is most present in Ontario and its home province of Quebec, its services are widely available throughout Canada.
Desjardins Insurance is one of Canada’s best-known life and health insurance brands. They offer a wide range of other insurance products, like critical illness insurance, which we will take a look at below. After acquiring State Farm insurance, it is also one of the country's largest property insurers. Certas Direct Insurance Company underwrites all Desjardins Insurance policies.
Why sign up for Desjardins critical illness insurance?
Critical illness insurance from Desjardins or another provider give you a powerful financial safety net should you contract a critical illness or condition. A serious diagnosis is likely to affect your ability to work while engendering serious expenses. These include:
- Medical costs and specialists not covered under a different policy
- Transportation to see specialists
- Chair lifts or ramps at home
- Therapy and counseling
- Retrofitting vehicles for accessibility
Beside these additional costs you still need a plan for continuing to pay your rent or mortgage, child care, groceries and other day-to-day living expenses. The flexibility of the large lump-sum benefit from critical illness insurance means that you'll have the ability to cover these bills as you see fit. You can take care of yourself and your family while focusing on recovery.
Our review of Desjardins:
Desjardins is a major critical illness insurance provider in Canada, but not all clients have the same needs or situation. Here is what we like about Desjardins’s critical illness insurance offer and some considerations to weigh as you shop for coverage options.
Pros of Desjardins critical illness insurance:
Benefit of up to $3 million
Up to 26 covered illnesses
Return of premiums
Coverage available for children
Basic plan available over the phone and without a medical exam
Customized coverage available through an advisor
Tax-advantaged Exectutive Health Plan for business owners
Complimentary assistance services - secondary medical opinion and psychological and autonomy assistance
Cons of Desjardins critical illness insurance:
Policies not available for purchase online
Basic no medical exam critical illness policy limited to $25 000 benefit
Basic plan's covered illness list is limited
Medical exam required for personalized plans
Get free quotes and choose a Desjardins critical illness insurance policy. Our expert can help you find the right coverage that fits the needs of you and your family.
Find a critical illness insurance policy that's right for you
What critical illness insurance plans does Desjardins offer?
Desjardins critical illness insurance is available as three different products: Basic, Personalized and Executive Health Plan for business owners. Here's what they offer:
- Basic: This no medical exam policy offers up to a $25 000 benefit for under 54s, but only $12 500 for those between 55 and 74. It covers heart disease, cancer and infectious disease.
- Personalized: Personalized cover offers benefits of up to $3 million while covering up to 26 illnesses. It is available for adults and for children.
- Executive Health Plan: This plan is designed for business owners and executives. It is paid by you and your company and offers tax advantages. If you or a partner is affected by a critical illness the company is the beneficiary.
For more on Desjardins's critical illness insurance offer see the pdf below.
What illnesses and conditions qualify for Desjardins critical illness insurance?
The following illnesses and conditions may qualify a Desjardins policyholder for critical illness benefits.
-Acquired Brain Injury
-Benign Brain Tumour
-Dementia (including Alzheimer's Disease)
-Loss of Limbs
-Loss of Speech
-Major Organ Failure on Waiting List
-Motor Neuron Disease
-Occupational HIV Infection + Long term care
-Parkinson's Disease and Specified Atypical
-Stroke (Cerebrovascular Accident)
-Coronary Artery Bypass Surgery
-Heart Valve Replacement or Repair
-Major Organ Transplant
Finally, childhood coverage is available for the following conditions:
-Type 1 Diabetes Mellitus
Be aware that plans may cover fewer conditions than those listed below.
Good to know
Different insurers have different criteria for determining the severity of an illness or condition and whether it qualifies. If you have questions, it's best to refer to the policy documents and speak with your insurance broker or Desjardins advisor.
How do I apply for Desjardins insurance?
Apply for Desjardin critical illness insurance by calling 1-844-768-8436 or make an appointment on their website.
Before settling on an offer with Desjardins it's smart to compare critical illness insurance quotes from other providers. You can do this below to be put in contact with an expert.
Shop critical illness policies now
How much does Desjardins critical illness insurance cost?
Unfortunately, it is difficult to provide an accurate price range for Desjardins critical illness Insurance. Pricing varies widely based on the following factors
- Pre-existing conditions
- General health
- Smoking status
- The amount of coverage desired
For general information, the table below summarizes the average price of critical illness insurance for various ages with a $25 000 benefit for the average provider. This is meant solely to provide a rough indication. Speak with an advisor for an exact Desjardins critical illness insurance quote.
|Age||Price per month|
|51 to 55||$27|
|56 to 60||$44|
|61 to 65||$56|
Good to know
Need help deciding how much coverage to buy from Desjardins? Our critical illness insurance calculator can help you make an informed decision.
How do I contact Desjardins?
Contact Desjardins at 1-844-768-8436 from 8:00 am to 5:00 pm ET Mondays through Thursdays.