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 of TD 10-Year Term Life Insurance
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.