The Executive Health Plan (EHP) is a concept developed by Desjardins Insurance wherein the critical illness insurance (Health Priorities) is jointly held by a company and a shareholder or key employee, who is usually also a shareholder.
Legal and tax aspects review of the Executive Health Plan
We've reviewed the legal and tax aspects regarding EHPs, including our interpretation of the shareholder's taxable benefit that was validated by a recognized law firm.
All marketing materials have been updated to reflect this review and we've made additions including a note about employees who aren't shareholders.
Discover—or rediscover—what's available on our
EHP page. You can also contact your
regional sales director. They'll be happy to guide you on how to offer this product to your clients.
To take advantage of all the plan benefits, EHP applications must meet the following requirements:
|Proposed insured (shareholder or key employee)||Business (company)||Advantages|
|Policy owners ||X||X||Can jointly hold critical illness insurance|
|Beneficiary of the critical illness benefit||X||Limits the company's financial losses if a shareholder or key employee suffers a critical illness |
|Beneficiary of the death benefit ||X||Limits the company's financial losses in the event of the death of a shareholder or key employee|
|Beneficiary of the health benefit||X||Payable to the shareholder or key employee when the company no longer requires critical illness insurance|
Tools you can use
Checkout the comprehensive toolbox on our
EHP page where you'll find answers to many questions your clients or their legal and tax advisors may have (you must be logged).
- Brochure specifically designed for your clients
- Comfort letter tailored to your clients within and outside Quebec
- EHP checklist
- Guidelines on critical illness insurance for holding companies
- Summary of the legal and tax bases
- Frequently Asked Questions (FAQ)
- Sample shared ownership agreement
- Critical illness insurance needs analysis (post issue)
A new tab will be added to the EHP concept to account for situations where the employee isn't a shareholder.
Your clients work hard to grow their business.
Help protect them with the EHP concept by offering Health Priorities – Business coverage.
business development manager.