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 of TD Accidental Death Insurance Plan
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.