The premium in TD line of credit insurance is based on the insured’s age at the time of billing, as well as his average balance and the number of days in the billing period, with the exclusion of discounts applied. If the average balance portion exceeds $75,000, a 20% discount will apply to the premium and a 15% discount will apply to the premium if more than one person becomes insured for critical illness and life insurance in the same line of credit.
Learn more about credit from these informative articles to help you decide in choosing the best plan for you.
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