TD Loan Insurance

Why TD Loan Insurance Is the Best Option

If you are not satisfied with the TD Loan Insurance product, you can cancel your coverage and get a full refund within 30 days of purchasing the plan. This loan insurance premium is calculated based on your age, the amortization period of the loan, and the amount of your loan at the time of application, with the applicable discounts excluded.

• The coverage will pay the insured or his beneficiaries a lump sum of $250,000 in the event of his death or if he suffers an accidental dismemberment as defined in the Certificate of Insurance.
• The insurance benefit is paid on the insured’s interest owing and to cover for his outstanding TD personal loans.
• If you become totally disabled, you can get paid up to $2,000 of your monthly loan payments for 60 days maximum provided you add TD loan disability insurance as an enhancement to the plan.
• The plan offers discounts as well as competitive rates.
• Your loan insurance premium is calculated based on your age, the amortization period of the loan, and the amount of your loan at the time of application, with the applicable discounts excluded.
• If more than one person becomes insured for disability and life insurance on the same loan, a 15% discount will be applied to each of the individual premiums.
• You can get a full refund if you are not satisfied with the TD loan insurance product provided you cancel the coverage within 30 days of purchase.

Ask your Broker about TD Loan Insurance Quotes and Compare!