For most people, life insurance is a necessity, not a luxury. But finding trustworthy, affordable coverage, can prove hard sometimes. Ranked among the world’s 50 safest banks, Desjardins has been providing a wide array of life insurance products for years. As of 2021, Desjardins has $40 billion in assets, and more than 5 million Canadians use their products. Their products range from life insurance and health insurance to retirement savings solutions. Hence, you are in good hands if you invest in a policy with Desjardins. Keep reading our Desjardins life insurance review to find out more.
Who Are Desjardins Life Insurance?
The Desjardins Group, founded in 1900, is one the largest financial institutions in Canada. However, they do more than banking. They also have more than 20 subsidiaries offering life and general insurance products, venture capital, securities brokerage, and asset management.
Desjardins Financial Security is the life insurance arm of the Desjardins Group. It sells Desjardins Insurance’s life insurance products through a network of over 6,000 financial advisors.
Desjardins Facts & Financial Information
- Founded: 1900
- Head Offices: Lévis, Quebec
- AM Best Financial Strength Rating: N/A
- Financial Assets: $40 billion
- Insurance Premiums: ~$9 billion annually
Desjardins Life Insurance Review
Online reviews do not necessarily portray life insurance companies accurately. This is because, statistically speaking, people are more likely to leave a review when their experience is bad than when it is satisfactory. For this reason, we recommend you do not base any decisions solely on online reviews.
Like some other insurers, Desjardins has no Google reviews. Some companies use this strategy to prevent frustrated customers from damaging their online presence.
We did find some reviews about Desjardins on Insureye — and they are mostly negative. The insurer only managed one star out of five, which is a poor performance by any standard.