Buying a home

Your home is more than just shelter. It reflects the lifestyle you’ve earned for yourself and your family. It’s a place to raise your family and give them the sense of security they deserve. And, it’s very likely the largest purchase you’ll ever make.

In the event of your death, life insurance can help your loved ones pay down or pay off the mortgage and cover ongoing maintenance, utilities and property taxes – ensuring that your family can stay in their home.

Even if your mortgage will be paid off in the near future, your family will have to pay ongoing repair costs and other home-related expenses if you were to suddenly pass away.

Your decision about the right amount of life insurance coverage might depend, in part, on the following factors:

  • The length of your mortgage
  • The size and age of your family
  • Your spouse’s earning power
  • The lifestyle you would like your loved ones to continue to enjoy

Of course, affordability is always an important consideration. But term life insurance offers a low-cost solution today that can be converted to permanent coverage later. Plus, when you bundle with select TD Insurance products you can get up to 10% off.1