Their CI and Term Life insurance is competitive with the top 5 companies in all aspects you brought out, so yes it's a good insurance product.tsinoboy wrote: ↑Sep 27th, 2017 10:06 pmIs Desjardins CI and Term Life Insurance a good insurance products? Which insurance company is better in terms of coverage, term/conditions, payout & affordability for CI and Life Term Insurance?
Also, anyone heard about SOLO Loan Insurance? any loan insurance to recommend?
Just need to have protection from mortgage 350K$. Thank you.
In terms of SOLO Loan Insurance, Desjardins does have a decent product, I'm just not a fan of disability loan insurances in general for a few reasons. To start, they're a decreasing term, the premium you pay for $350k to cover the mortgage remains the same when there is only $100k left on the mortgage. Another thing, if you have disability and critical illness insurance to cover your paycheque and you budgeting and cash flow is afloat, an extra disability payment, while nice, is unnecessary.
One good thing about the SOLO loan insurance is that it covers a wide umbrella of loans, so even if you pay off the mortgage and incur other debts, it will cover those.