When it comes to safeguarding your estate and securing your assets, there’s no better option than investing in a participating life insurance plan. DFSIN Toronto West, the Desjardins Financial Security Independent Network, offers an array of comprehensive participating life insurance plans tailored to meet your needs right here in Ontario. If you’re new to the world of life insurance or simply seeking a deeper understanding of our premium offerings, allow us to guide you through the process.
Many individuals opt for a participating life insurance plan from DFSIN Toronto West due to the exceptional long-term financial growth opportunities it provides. Here are some of the key advantages of our participating life insurance plans:
Dividends within DFSIN’s participating life insurance plans are determined by an intricate blend of factors, including mortality rates, interest rates, investment returns, operational expenses, and taxes borne by the insurer.
Additional factors come into play, such as policy loans, coverage terminations, and more. The nature of dividends—guaranteed or non-guaranteed—varies by policy, underscoring the importance of reviewing plan details before making your purchase.
Investing in participating life insurance from DFSIN Toronto West introduces you to the world of annual dividends, where your death benefit, certain cash surrender values, and premiums are guaranteed. Premiums contributed by policyholders are pooled together into a collective “participating” account.
Currently, there exist both “closed” accounts, composed of policies in force or acquired by DFSIN prior to 2017, and an “open” account, consisting of participating accounts acquired after 2017. It’s important to note that the open account operates separately, with a distinct rate of return and dividend scale compared to the closed account.
DFSIN’s participating life insurance policies offer a range of personalized coverage options to suit your unique requirements. Each option empowers you to determine premium payment methods, leverage dividends to acquire additional coverage or reduce annual premiums, and even choose to suspend premium payments while maintaining coverage. Moreover, if you experience disability while covered, premium payments may not be necessary.
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 in Ontario:
Ideal for those seeking to boost retirement income or achieve specific financial goals within 10-15 years, thanks to its attractive medium-term dividends. You can choose how to utilize your dividend earnings—whether to enhance coverage, lower annual premiums, or receive cash payments.
Similar to the above plan, this option is perfect for clients with 10-15-year financial goals. Premiums are payable for life, offering five distinct dividend options, including accelerated growth for improved cash surrender values.
Tailored to maximize long-term death benefits and cash surrender values within 20 years, making it an excellent choice for estate optimization. Premiums are fully paid by the 20th year, with maximized dividends based on sustained growth. You’ll also receive complimentary coverage for 20 years (excluding child life insurance).
Ideal for estate protection or maximizing cash surrender values within 20 years, with premiums payable for life. This option provides guaranteed cash surrender values, lifetime dividends, and potential long-term, tax-free growth for enhanced returns upon death.
One of the reasons why so many trust DFSIN Toronto West with participating life insurance coverage and asset management solutions is because we offer a proven record of success.
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 in Ontario from DFSIN Toronto West? If so, contact one of the insurance advisors today! They’ll be able to take a look at your assets and assess which plan will be best suited to your needs.
We serve in these locations in Ontario:
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 Toronto West can help you protect your financial assets.