While most individuals want to pay down their outstanding loans
as quickly as possible, the unexpected can happen. TD Loan Life and Disability Insurance can provide flexible protection for your
loan obligations at a price you can afford. Loan Life InsuranceIf you die or suffer a covered accidental
loss, the outstanding balance of your
covered personal loans and any interest charged can be paid in
full, to a maximum of $250,000. Neither your family nor your estate
would have the financial burden of paying off your loans. Loan Disability InsuranceWith Loan Disability Insurance, which can be added to your Loan Life
Insurance, if you become Totally
Disabled, your regular monthly loan
payments can continue to be made for you, to a maximum of $2,000
per month. Your benefits will continue until one of the following
occurs - 1) you are no longer Totally Disabled, 2) your covered
loans have been paid in full, or 3) you have received benefits for
five consecutive years. Affordable coverageLoan Life and Disability Insurance have
special group rates. For additional comfort, you can extend the
coverage to an unlimited number of co-borrowers and/or guarantors.
If more than one person is insured for Loan Life and Disability, a
15% discount will be applied to the sum of the individual
premiums. Loan Life InsuranceYour premium is based on the premium rate for your age on the
date you apply and the initial loan amount. Loan Disability InsuranceYour premium is based on the premium rate that applies to the
loan amortization period and the initial loan amount. | For example, if you are 34
years old, your cost of Loan Life and Disability Insurance for a
three-year (36-month) term loan of $10,000 would be:
(0.23 + 1.06) x $10,000=
$12.90/month† 1000 |
†
Provincial sales taxes apply in certain provinces. Rates are
subject to change without notice. Monthly Loan Life Insurance premium rate
per $1,000 of coverage† |
|---|
| Age | Under
31 | 31-35 | 36-40 | 41-45 | 46-50 | 51-55 | 56-60 | 61-65 | 66-69 |
|---|
Single
Rate | 0.19 | 0.23 | 0.25 | 0.31 | 0.37 | 0.49 | 0.70 | 1.00 | 1.50 |
|---|
†
Provincial sales taxes apply in certain provinces. Rates are
subject to change without notice. Monthly Loan Disability Insurance premium
rate
per $1,000 of coverage† |
|---|
| Loan
Amortization Period | Premium
Rates |
|---|
| 12 months or
less | $1.50 |
|---|
| 13 to 24
months | $1.27 |
|---|
| 25 to 36
months | $1.06 |
|---|
| 37 to 48
months | $0.97 |
|---|
| 49 months or
more | $0.90 |
|---|
†
Provincial sales taxes apply in certain provinces. Rates are
subject to change without notice. Easy payment optionsFor your convenience, premium payments are
automatically withdrawn from the same account as your regular
monthly loan payments. Easy application methodNo health questions will be asked and no
medical examination is required. You are eligible to apply for
TD Canada Trust Loan Insurance if - - You are the borrower, co-borrower and/or
guarantor on a TD Canada Trust personal
fixed or variable rate loan,
- You are between 18 and 70 years of age on
the date the loan is approved, and
- You are a resident of Canada
How to applyTo apply for TD
Insurance Credit Protection products on your Personal Term
Loan, visit your local TD
Canada Trust branch. If you are applying for a Personal
Term Loan through EasyLine Telephone Banking or EasyWeb Internet
Banking, we automatically mail you an application with your
information package. Complete it and return it to secure this
valuable protection. Satisfaction guaranteed!Loan Life and Disability Insurance comes
with a satisfaction guarantee. If you are dissatisfied with TD Loan
Life and Disability Insurance for any reason, you may cancel your
coverage for a full refund within 30 days.
| 
