It is your responsibility to protect your family. However, when choosing the appropriate coverage for you, you need to consider several factors such as your short-term or long-term needs. If you have a good idea of what your next 20 years will look like and the kind of debts you may have, you might want to consider going for the TD life insurance 20-year term.
This plan is most appropriate for you if you just got married and are planning for your future, buying a new house in a couple of years, recently bought a house, or you have younger children or growing your family. Just like the TD 10-year term, the 20-year term provides affordable coverage up to $5 million and can be easily renewed and converted.
Top Features of TD 20-Year Term Life Insurance
The rates for the 20-Year term are guaranteed not to increase during the 20 years duration, irrespective of your health status and age. However, the premium may increase when you renew the plan. As long as you are under 80, your plan will be automatically renewed when the term expires and you don’t need to answer any medical question or take a medical exam to get this done.