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It can be difficult for some people to get life insurance, especially with deteriorating health. But not with TD Guaranteed Life Insurance in Canada. This type of life insurance allows you to make all your own decisions on your final arrangements, with no need to worry about how to pay for it. It’s designed to provide financial support to help pay for final expenses, such as funeral costs, when you pass away. With no medical exams required, TD Guaranteed Acceptance Life Insurance for Canadians is available to you through TD Insurance. Speak to a TD Life Insurance licensed advisor today to help you find the right coverage for you.
What is TD Guaranteed Acceptance Life Insurance?
TD Guaranteed Acceptance Life Insurance provides financial support to help your family pay for your final expenses, such as funeral costs, after your passing. If you’re a Canadian resident between the ages of 50 and 751, you will be instantly approved for coverage ranging from $5,000 to $25,000 — regardless of your current health or medical history2. No medical exam is required.
- Tax-Free Lump Sum Paid to Your Beneficiary
Choose between $5,000 and $25,000 of coverage to be paid directly to your beneficiary – tax free.
- Compassionate Advance Living Benefit2
Once your coverage has been active for 2 years, you can choose to take 50% of the death benefit in advance if you're diagnosed with a terminal illness. The remaining 50% is paid directly to your beneficiary when you pass away.
- Accidental Death Benefit2
In the case of accidental death, your benefit amount is 5 times the death benefit if you've been covered for over 2 years.
TD Insurance offers a variety of life insurance products. To make sure that TD Guaranteed Acceptance Life Insurance is the right fit for you, we encourage you to also explore our TD Term Life Insurance options.
To be eligible, you must be a Canadian resident and between the ages of 50 and 751. This product is not available to residents of the province of Quebec.
If you pass away within the first 2 years of your policy’s effective date:
• We will not pay the death benefit, but we will pay 110% of any premiums you’ve paid.
• If your death is a direct result of an accident, we will pay the full death benefit.
If you pass away at, or over, 2 years after your policy's effective date:
• We will pay the full death benefit you’re covered for.
• If your death is a direct result of an accident, we will pay 5 times the death benefit.
We will not pay a TD Guaranteed Acceptance Life Benefit if your death is due to:
• Use of drugs, impaired vehicle operation or commission of a criminal offence; or
• Suicide within 2 years from the effective date or reinstatement date, in which case, we refund 100% of the premiums paid up to that date without interest3.
Additionally, we will not pay a TD Accidental Death Benefit if your death involves the use of illegal and illicit drugs or substances.
Sample TD Guaranteed Acceptance Life Insurance Policy
Sample Beneficiary Form
Please note: These are the current sample insurance policies in use by TD Life Insurance Company. If you have any questions regarding features and benefits, you can speak to a licensed TD Insurance Advisor toll free by calling 1-877-397-4188 Monday to Friday 8 a.m. to 8 p.m. or Saturday 10 a.m. to 6 p.m. EST.
TD Guaranteed Acceptance Life Insurance is an individual life insurance product offered and underwritten by TD Life Insurance Company ("TD Life"). Not available to residents of the province of Quebec.
TD Insurance refers collectively to the following insurance companies: Security National Insurance Company, Primmum Insurance Company, TD General Insurance Company and TD Home and Auto Insurance Company.
1See Insurance Policy for definition of Canadian resident and other coverage details, including limitations and exclusions.
2See Insurance Policy for coverage details, including limitations and exclusions.
3See Insurance Policy for a full list of exclusions.
TD Insurance TD Life Insurance Company P.O. Box 1 TD Centre Toronto, Ontario M5K 1A2