Accidental Death Insurance

The Coverage You Need in the Event of Accidental Death

Accidents can happen anywhere and anytime and some accidents could be fatal. In the event of a fatal accident, you don’t want to leave your dependents and loved ones financially frustrated and destitute for life. You need to continue supporting them and also ensure that your death will not become an additional burden to them. This is exactly why you need TD accidental death insurance. TD accidental death insurance will pay you a tax-free lump sum benefit up to $250,000. You can even have this benefit doubled up to $500,000 if the accident occurs via common carriers such as an airplane. The coverage starts at $3.5 per month with tax included. Furthermore, the coverage on the primary insured and spouse will be reduced by 50% either when the insured turns 70 and the coverage ends or any of the insured person and the primary insured reaches 75.

Overview and Top Features

The plan can only pay one accidental death per insured person and all coverage will terminate once an accidental death claim is paid for the primary insured. Furthermore, the plan pays only one common carrier benefit if the primary insured or his spouse dies due to an injury incurred in an accident. The benefit is paid up to a maximum of $250,000.

  • TD Accidental death coverage is designed to meet your needs and budget.
  • In the event of an accidental death, the plan will pay a tax-free lump sum up to $250,000, from $25,000 to $250,000.
  • The benefits of this plan will be doubled, up to $500,000, if the accident occurs through common carriers such as an airplane. Common carriers, in this case, do not include jet skis, rafts, hang-gliders, balloons, amusement park rides, ski lifts, and also land and water transportation outside Canada.
  • You are eligible for this plan if you are a TD Bank Group customer and also resident in Canada and between 18 and 65 years old.
  • As long as you continue paying your premium, your coverage will remain active till age 75. In addition, your acceptance to this plan will be guaranteed. And, the plan does not require any medical examination or health questionnaire.
  • The coverage starts at $3.50 each month with the inclusion of tax.

 

 

Additional resources

Learn more about health 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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