Term Life Insurance

From baby carriages through to college you want to be able to provide your children with the best in child care, recreational activities and education just the way you planned it, even if you're not there anymore. If you were to suddenly pass away, how would your family cope with the expenses?

TD Term Insurance can help sustain your family during hard times. If you're not here to assist financially, it can help pay for your family home and ensure that your children can take part in activities and attend university just as you planned.

What are your needs?

As a parent, your choice of life insurance will depend in part on your current situation. Both you and your spouse should be insured so that your children can carry on with their lives in the event that either one of you is no longer here.

You'll need to consider:

• the size of family you are planning
• your spouse's earning power
• the lifestyle you would like your loved ones to continue to enjoy.
• your financial situation
• the necessity of insuring a stay-at-home parent
• the amount of life insurance you need and what you can afford.
• the cost of everything from recreational and sporting activities, to orthodontics and post-secondary education, and the likelihood that those costs will continue to rise.

TD offers three options:

• TD Term 10 insurance is simple and affordable, provides protection for the next 10 years and is automatically renewed until the age of 80.
• TD Term 20 will provide protection for the next 20 years and is automatically renewed until the age of 80.
• TD Term to 100, also known as permanent insurance, provides protection for your lifetime.

When considering your choice, keep in mind that you can purchase a combination of the above. For example you might want to combine Term to 100 with Term 10 insurance to provide extra protection for the next 10 years, in particular if you have a debt to be paid off during that 10-year period.

Our term products (10, 20 and to 100) premiums are guaranteed at the time the coverage is issued. You can convert Term 10 and 20 to Term to 100 until the age of 69.