When it comes to protecting your estate and assets, one of the best ways to do so is by investing in a participating life insurance plan, like the ones offered by Desjardins Financial Security Independent Network (DFSIN) in Ontario. However, if it’s your first time purchasing life insurance or you want to know a bit more about what our premium plans entail, don’t worry, we explain everything for you here.
One of the primary reasons why many choose to invest in a participating life insurance plan from DFSIN is because of the long-term financial growth opportunities they offer. Some of the most attractive assets of being part of our participating life insurance plans include:
When you invest in participating life insurance from DFSIN, annual dividends aren’t guaranteed. However, your death benefit, some cash surrender values, and your premiums are. All of the premiums paid out by participating life insurance policies will be pooled together into a single “participating” account.
Currently, there are “closed” accounts that are composed of policies that were in force or acquired by DFSIN before 2017, and an “open” account consisting of participating accounts acquired after 2017.
It’s important to note that the open account is managed separately with a different rate of return and dividend scale than the closed account.
Dividends on DFSIN’s participating life insurance plans are determined by a variety of factors, including mortality rate, interest rate, investment returns, expenses and taxes (paid by the insurer), as well as a variety of other factors including policy loans, end of coverages, and more.
At DFSIN, we know that making sound investments is of the utmost importance, which is why we offer a comprehensive and diversified investment strategy designed to generate the best returns for our clients.
DFSIN’s global asset management group, Desjardins Global Asset Management (DGAM), heads the long-term investment strategy and helps determine allocation and risk management, investing in a range of fixed and variable income assets designed to offer stable performance, such as:
DFSIN, in conjunction with DGAM, monitors all returns applying a leveling method on all gains and losses in order to minimize dividend risk. Please note that in order to prevent short-term volatility, the dividend scale interest rate does not always reflect the market.
When investing in the participating life insurance policy plans from DFSIN, you’ll be able to choose from several different personalized coverage options. Each one lets you decide how you want to pay your premiums, allows you to use dividends to purchase additional life insurance or reduce your annual premiums, and enables you to choose to stop paying premiums while maintaining your coverage.
You’ll also be privy to additional coverages and not required to pay premiums should you become disabled while you’re covered.
We offer the following participating life insurance plans:
One of the reasons why so many trust DFSIN with their life insurance coverage and asset management solutions is because we offer a proven record of success. We’ve consistently received the highest rankings on part with major Canadian banks and insurance companies like Moody’s (Aa2), Fitch (AA-), Standard and Poor’s (A+), and Dominion Bond Rating Service (AA).
DFSIN offers increased accountability and each year, our board of directors reviews the actuarial report to ensure that the protected dividends meet all of our company’s strenuous policies, guaranteeing fairness for all participating life insurance clients. Protecting your interests is our top priority!
Are you interested in learning more about your participating life insurance options or purchasing a policy from us? If so, contact one of our representatives. They’ll be able to take a look at your assets and assess which plan will be best suited to your needs.
Contact our team of life and health insurance advisors online today to receive a FREE quote or call (416) 695-1433 to learn more about how DFSIN can help you protect your financial assets.