If you're considering life insurance, you've probably come across Desjardins Life Insurance. But is it the right provider for you?
In this review, we'll take a closer look at Desjardins' policies and prices to help you decide. We'll also compare it to other providers to see how it stacks up.
So, whether you're already familiar with Desjardins or just starting your research, keep reading for an in-depth look at this popular life insurance provider.
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, asset management, Desjardins financial security investments.
Desjardins Financial Security Investments 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 in 1900
Headquartered at Lévis, Quebec, ON
$40 billion in Financial Assets
~$9 billion in annual insurance premiums
AM Best Financial Strength Rating: N/A
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.