Help protect your financial well-being
Are you thinking about buying a home? How exciting! Remember, there are lots of things to consider, because you’re doing more than buying a place to live — you’re building equity in an asset for yourself and your loved ones.
Home ownership is likely to be one of the largest financial commitments of your life, and your mortgage could spread that commitment over decades. For most homeowners, the monthly mortgage payment can be a sizeable portion of their monthly household income. Because of this, it’s worth considering how you would keep your family home if you suffered a covered terminal illness, accidental dismemberment or if you were to pass away.
With TD Mortgage Protection, up to $1,000,0001 of your outstanding mortgage balance could be paid off if you were to pass away or suffer a covered terminal illness or accidental dismemberment. For additional protection, you might consider applying for Mortgage Critical Illness Insurance. With this added coverage, up to $1,000,0001 of your outstanding mortgage balance could be paid off if you were diagnosed with a life-threatening cancer, an acute heart attack or a stroke.
Of course, the purchase of a home is cause for celebration. TD Mortgage Protection can help protect one of your biggest financial obligations for you and your loved ones.
To learn more about TD Mortgage Protection or get a quote, click here.
Life and critical illness coverages underwritten by The Canada Life Assurance Company. Accidental dismemberment coverage underwritten by TD Life Insurance Company.
TD Life Insurance Company is the authorized administrator for this insurance. The insurer can pay the outstanding credit balance to The Toronto-Dominion Bank, subject to the amount of insurance you applied for and were approved for. For more details on insurer and/or administrator, as well as all benefits and restrictions, please refer to the Certificate of Insurance.
1Total for all TD Canada Trust mortgages. Mortgages include Conventional or Canadian Mortgage and Housing Corporation (CMHC) insured mortgages only. Self-directed RSP mortgages and mortgages on commercial properties are not eligible to be insured.