10-Year Term Life Insurance

10-Year Term Life Insurance logo

An Excellent Life Coverage for 10-Year Term

Life is full of uncertainties. If you have loved ones, you want to protect them from life irregularities and uncertainties. The best way to protect your family and loved ones is by procuring a life insurance coverage suitable for your family needs. Luckily for you, TD offers life insurance coverage in various terms that make it easy for you to choose the one that is best for you. With TD 10-Year Term life insurance, your beneficiaries will receive a tax-free lump sum in the event of your death. This amount could be used to maintain their standard of living, income, pay off debts, cater for children’s education, and also cover final expenses. The 10-year term is most suitable for people with shorter-term financial responsibilities but it provides coverage up to $5 million.

Overview of the Features

The 10-Year Term life insurance can be easily converted to a permanent life insurance before age 69. Furthermore, the plan can be automatically renewed each 10-year term until you turn 80 and you don’t even need to answer any medical question or take a medical exam to renew the plan.

  • The 10-Year term allows you to save up to 10% when you bundle the home and auto insurance coverage.
  • You can protect your loved ones financially with the TD guaranteed acceptance life insurance.
  • The insured’s beneficiaries will be paid a tax-free lump sum in the event the insured passes away.
  • The lump sum payment can be used to maintain their living standard, replace lost income, pay off debts, cater for the children’s education and take care of final expenses.
  • The plan provides coverage up to $5 million.
  • The 10-Year term is automatically renewed up to age 80 at the end of each term. You don’t need to answer any medical question or take a medical exam to get the plan renewed.
  • You can convert the plan to a permanent life insurance coverage before you reach age 69.

 

 

Additional resources

Learn more about life insurance from these informative articles to help you decide in choosing the best plan for you.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

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