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Why choose the TD Critical Accident Recovery Plan?

The TD Critical Accident Recovery Plan can provide a tax-free lump sum benefit to support you and your family financially should you suffer from a critical accident that is covered in your insurance certificate.

You can use the payment as you see fit including; to help pay for ambulance fees, hospital bills and other out-of-pocket expenses not covered by your existing health insurance.

You can enroll with no medical or health questions required so long as you’re eligible.

Highlights and benefits of the TD Critical Accident Recovery Plan

  • Tax-free lump sum

    Up to $100,000 in benefits can be paid directly to you in the event of a covered critical accident, depending on the severity of your injury or loss. You can use the benefit however you choose.

  • Guaranteed acceptance

    Your enrollment is guaranteed with no medical or health questions required so long as you are eligible to enroll.

  • Benefit for specified broken bones 

    Receive $7,000 tax free each time you experience an eligible broken bone or fracture as a result of a covered accident.

  • Premiums start as low as $9.95 per month

    Premiums start from as low as $9.95 a month plus applicable taxes, depending on the coverage options you choose and your age1. Plus, TD will pay your first month’s premium.

  • Hospital stays

    Get up to $100 a day for up to 365 days, for a total of up to $36,500, while the insured is in a Canadian hospital for a covered accident.

  • 30-day review period

    You have 30 days from the date your insurance certificate is issued to review your certificate and if you choose to cancel it during this period, any premiums you may have paid will be refunded.

Eligibility for the TD Critical Accident Recovery Plan

 

Our Critical Accident Recovery Plan is exclusively for TD customers and Canadian residents only2. Eligible  parties include:

  1. Customers from age 18 to 64

  2. Spouses from age 18 to 64

  3. Dependent child or children3

Here are some examples of what’s covered:

Critical accident or injury

Benefit paid

Total paralysis

$100,000

Burns

Up to $100,000

Total loss of eyesight in both eyes

$100,000

Brain damage or coma

$50,000

Specified broken bones

$7,000

What’s not covered?

 

Here are some examples of when an insurance benefit will not be paid:

  • Any loss, broken bone, period of hospitalization, or death is a result of, or happens while you were committing or attempting to commit a criminal offence, including driving a motor vehicle while impaired

Please refer to our Sample Insurance Certificate for defined terms and a full description of features, benefits, limitations and exclusions.

How much does the TD Critical Accident Recovery Plan cost?

 

Premiums are fixed for the duration of coverage, unless they change for all insured persons under the policy. They’re based on your age at the time of enrollment, as shown in the table below1. Include a child rider for $2.00 per month (plus applicable taxes)4

Table Chart1

Age

Single 
Premium per month (plus applicable taxes)

Joint 
Premium per month (plus applicable taxes)

18 – 54

$9.95 

$13.95 

55 - 74

$12.95 

$16.95 

Ready to enroll in the TD Critical Accident Recovery Plan?

  • Enroll online

    Get a quote and enroll online. Your enrollment is guaranteed with no medical or health questions asked if you are eligible to apply.

    Get a quote

  • Talk to us by phone

    Speak to one of our TD Insurance licensed advisors who can guide you through your options.

    Call 1-888-788-0839

    Mon-Fri: 8 a.m. to 10 p.m. EST 
    Sat: 10 a.m. to 6 p.m. EST

Frequently asked questions

 

1. How is Critical Accident Insurance different from Accident Disability Insurance?

The TD Critical Accident Recovery Plan provides a lump sum benefit to support you and your family financially while you recover from a covered accident.

On the other hand, the TD Accident Disability Insurance Plan provides a benefit if you become disabled within 90 days of an eligible accident. Benefits are paid to you monthly to help replace lost income.

2. What are some losses covered under the TD Critical Accident Recovery Plan? 

Some examples of eligible critical accidents covered under this plan includes specified broken bone, loss of both hands, loss of both feet, burns to 20% of the body, and loss of entire eyesight in both eyes.

For defined terms, limitations and exclusions, refer to the Insurance Certificate.

3. If hospital stays are covered under my provincial plan, how will this insurance plan benefit me?

The hospital benefit under your TD Critical Accident Recovery Plan goes directly to you to use as you choose – it does not go to  doctors or hospitals, and you can use this money to pay for things such as your bills, groceries or to help cover lost wages.

4. How much Critical Accident Insurance do I need?

The amount of coverage you need depends on your specific circumstances. A first step you can take to find out how much coverage you need is to determine how much money your loved ones would need to support you financially while you recover from a Critical Accident that's covered in your insurance certificate. You can consider factors such as:

  • Lost income
  • Outstanding loans and debts
  • Your children’s education costs and
  • Your family’s lifestyle.

Or you could speak to one of our TD Insurance licensed advisors who can guide you through your option by calling 1-888-788-0839 from Monday to Friday: 8 a.m. to 10 p.m. and Saturday 10 a.m. to 6 p.m. EST

 

TD Critical Accident Recovery Plan is a group insurance plan underwritten by TD Life Insurance Company and distributed by TD Assurance Agency Inc.

1 The example premium shown is for illustration only. Your actual premium will depend on your application.

2 A Canadian resident is any person who is legally entitled to remain in Canada for at least the next one year; and has been a resident in Canada for 183 of the past 365 days (days do not need to be consecutive). 

3 For defined terms, limitations and exclusions, refer to the applicable Insurance Certificate or Policy.

4 The child rider provides coverage of up to $37,500 for all of your Dependent Child(ren). See the Insurance Certificate for the definition of dependent child(ren).

Mailing Address:
TD Life Insurance Company
P.O. Box 1 TD Centre
Toronto, Ontario M5K 1A2