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In today’s reality and the uncertainty clients have for the future, you may be looking for ways to ensure your clients and their families are protected while being budget savvy. There is a competing demand on the family dollar so most often layered insurance coverage, a combination of Term and/or Permanent insurance, is the SOLUTION!

The DFS Multi-Coverage Discount (MCD) is specially designed so that your clients can enjoy reduced premium rates when they purchase at least two eligible insurance coverages, on the same policy. It’s an excellent way to get the coverage your clients need and still suit their budget!

What triggers the discount? What makes it different from other multi discounts?

The Multi-Coverage Discount is determined by combining the discount on the policy fee and the discount on the rate band when applicable.

• The policy fee discount is applied to term coverage when there are at least two individual or joint coverages on the policy. No minimum amount is required and neither does it have to be on the same insured.
• The rate band discount is applied to term coverages with a minimum of two eligible individual coverages on the same policy, for the same insured. A rate band discount is applied for each term insurance regardless of the total insurance amount.
  • Applies to all term coverages including combinations of Life and Critical Illness protections with up to 40% savings.
  • Applies to new business only.

The applicable Multi-Coverage Discount will be displayed in the illustration software. Remember, the discount is not shown on premium survey software like Life Guide and others. Be sure to check the DFS Illustration tool on Webi for the competitiveness and cost savings!

To learn more about MCD, please watch the Desjardins Minute short video below.