The plan will protect your credit card balance if you lose your self-employment income, your life or suffer dismemberment, critical illness, involuntary unemployment or total disability.TD Insurance provides two forms of the TD balance protection insurance: TD balance protection insurance and TD balance protection plus. TD balance protection insurance will pay you a maximum amount of $25,000 and also a monthly benefit of either $10 or 5% of the eligible greater, whichever one is greater. The balance protection plus offers the features of the balance protection coverage but pays either $10 or 10% of the eligible greater, whichever one is greater and also includes spousal coverage.
With TD balance protection insurance, you have absolutely nothing to lose. The plan includes satisfaction guarantee, a feature that allows you to get a full refund of your money if you are not satisfied with the balance protection insurance product and cancels your coverage within 30 days of purchase.
Learn more about credit from these informative articles to help you decide in choosing the best plan for you.