When it comes to employee benefits, group life insurance is one of the most valuable offerings an employer can provide. In Canada, Desjardins Group Life Insurance stands out as a trusted option for organizations that want to protect their employees and their families. This guide gives you a complete overview of what Desjardins offers, how group life insurance works, and why it’s an important part of financial security.
What Is Group Life Insurance?
Group life insurance is a collective insurance policy arranged by an employer, association, or union to cover a group of people under a single plan. Instead of each individual applying for personal life insurance separately, employees automatically receive coverage as part of their benefits package.
The advantage? Employees can access affordable life insurance without needing to go through complex underwriting or medical exams, and employers can strengthen their compensation packages with an attractive benefit.
Desjardins Group Life Insurance: Key Features
As one of Canada’s leading financial institutions, Desjardins Insurance provides a wide range of group insurance solutions. Their group life insurance is designed to support employees and their families financially in the event of death.
Here are some key features:
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Basic Group Life Coverage
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Provides a set amount of coverage for all eligible employees.
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Typically offered as a multiple of an employee’s salary (e.g., 1x or 2x annual earnings).
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Optional Life Insurance
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Employees can purchase additional coverage for themselves, their spouse, or dependents.
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Offers flexibility to meet unique family needs.
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Accidental Death and Dismemberment (AD&D)
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Provides additional benefits if death or serious injury occurs as a result of an accident.
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Conversion Options
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If an employee leaves the organization, Desjardins offers conversion privileges so coverage can continue without medical evidence.
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Employee Assistance
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Access to support services, financial advice, and wellness programs may be included in some plans.
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Benefits of Choosing Desjardins Group Life Insurance
Employers and employees alike benefit from this type of insurance. Here are some of the advantages:
For Employers
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Attract and retain talent with competitive benefits.
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Boost employee loyalty by showing commitment to their well-being.
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Affordable premiums due to group purchasing power.
For Employees
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Financial security for loved ones in case of unexpected death.
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Peace of mind knowing their family is protected.
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Access to additional coverage without complicated medical exams.
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Convenient payroll deductions for optional coverage.
Why Desjardins?
Desjardins is one of Canada’s largest cooperative financial institutions, known for stability, community focus, and customer care. Their group life insurance plans are flexible, scalable, and supported by strong financial backing.
Employers can customize packages to meet workforce needs, while employees benefit from simple enrollment and reliable protection.
Who Can Benefit from Desjardins Group Life Insurance?
This coverage is ideal for:
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Small businesses looking to build an attractive benefits package.
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Medium and large organizations that want scalable solutions for a diverse workforce.
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Associations and unions that want to provide affordable coverage to members.
How to Enroll in Desjardins Group Life Insurance
Typically, employees are automatically enrolled when they join a company that offers Desjardins group benefits. Optional coverage for spouses or dependents can usually be added during the enrollment period or after a life event, such as marriage or the birth of a child.
Employers interested in offering this benefit can contact a Desjardins advisor or insurance broker to customize a plan that fits their organization’s needs.
Final Thoughts
Desjardins Group Life Insurance is more than just a policy—it’s a promise of financial protection for employees and their families. By offering flexible options, affordable premiums, and trusted coverage, Desjardins helps employers provide peace of mind while strengthening workplace loyalty.
Whether you’re an employer considering a new group benefits package or an employee exploring your coverage options, Desjardins makes group life insurance simple, reliable, and accessible.
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