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TD Life Insurance

Take care of your loved ones who depend on you

Apply for TD Term Life Insurance and you could be instantly approved for up to $1,000,000 in coverage if you're aged 50 and under3. Feel confident knowing you have life insurance coverage that can help provide future financial security for your loved ones. Your beneficiaries will receive a tax-free lump sum benefit payment. They can use it to replace lost income, maintain their standard of living, pay for your children’s education, pay off debt and cover your final expenses.

Your exclusive TD Term Life Insurance offer

Take advantage of the features included with our TD Term Life Insurance options.

  1. Application process takes less than 10 minutes

  2. Mount Saint Vincent University alumni can save 5% on 10-year or 20-year TD Term Life Insurance premiums or save a total of 10% as an existing TD Insurance Home or Auto customer or TD Wealth client

  3. Fixed monthly or annual cost over the entire length of your term1.

  4. Automatic renewal at the end of 10- and 20-year plans without medical exams or questions until you turn 80 years old, at which point your coverage ends2

  5. Option to convert 10- and 20-year plans to permanent coverage any time before you turn 69 years old

  6. Coverage of up to $10 million

Choose the option that works for you

  • 10-Year Term Life

    A 10-year term is often best suited for people who have shorter-term financial responsibilities. Ultimately, your goal is to help provide your family with financial protection.

    Term-10 could be right for you if:

    • You have a student or car loan.
    • Your mortgage is in its final 10 years.
    • Your kids are moving out soon.
    • Retirement is on the horizon.

     

       Sample TD 10 Year Term Life policy

     

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  • 20-Year Term Life

    People who choose a 20-year term often do so because they have a good idea what the next 20 years look like, and what sort of debts they’ll have.

    Term-20 could be right for you if:

    • You just got married and are planning your future.
    • Buying a new house in the next couple years is a definite possibility.
    • You recently bought a house.
    • You have younger children or you're growing your family.

     

       Sample TD 20 Year Term Life policy

     

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  • 30-Year Term Life

    Similar to the 20-year Term Life option, people who choose a 30-year term do so because they have a good idea of their longer-term financial responsibilities.

    Term-30 could be right for you if:

    • Have a 30-year mortgage
    • Are newly married
    • Are starting a family

     

       Sample TD 30 Year Term Life policy

    Get a Quote

  • Term-100

    Quite often, people choose a Term-100 because they want lifetime coverage at a cost that doesn’t change.

    Term-100 could be right for you if:

    • You want lifetime coverage to help protect your family's financial future.
    • You want to lock in your cost.
    • You want to make sure your final expenses are taken care of.

     

       Sample TD 100 Year Term Life policy

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Summary of Exclusions

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

  • You die due to suicide within 2 years of the effective date of coverage. In this case, any premiums paid will be returned.
  • If you have concealed or misrepresented any information during the application process.

The above information is intended as a summary only. For complete terms and conditions, including limitations and exclusions, please review the policy specimen below.

Ready to get Term Life Insurance? We can help.

  1. Figure out how much coverage you need and get a quote

  2. Complete your application in less than 10 minutes

  3. Start your 30-day trial if your application is approved

TD Term Life Insurance is an individual life insurance plan underwritten by TD Life Insurance Company.

†The price will be an estimated quote based on the information you provide. Your actual premium may change when we assess your individual circumstances based on the information collected during the application process.

1Instant approval is subject to the responses you provide to certain health and lifestyle questions in your application and is available for coverage up to $1,000,000 if you are 50 and 182 days old or younger, up to $500,000 if you are 60 and 182 days old or younger, or up to $249,999 if you are 70 and 182 days old or younger.

2TD 10- or 20-Year Term Life Insurance plans automatically renew at the end of each of 10- or 20-year term until the age of 80. TD 30-Year Term Life Insurance plan automatically renews at the end of the initial 30-year term on a yearly basis until the age of 80. Premiums do not increase for the duration of the policy's term. The premium will increase when your term renews.

3Individual circumstances may vary. If you need advice about your needs, call 1-888-788-0839 and speak to one of our TD Life Insurance licensed advisors.

4Based on user ratings on Google, as of July 28, 2025.

5This option is available up to 6 months after you turn 69, and premiums will be based on the Insured person’s attained age at the conversion date.

6A Canadian resident is any person who:

• is legally entitled to reside in Canada for at least the next year, and

• has been a resident in Canada for 183 of the past 365 days. Days do not need to be consecutive.

7Discounts are available to eligible applicants who apply for a new TD 10-Year, 20-Year, or 30-Year Term Life Insurance policy. Offers cannot be combined with any other offer and is subject to change or may be withdrawn at any time.

8The discount is only available to eligible applicants who apply for a new TD 10-Year, 20-Year, or 30-Year Term Life Insurance policy using the online application. Offers cannot be combined with any other offer and is subject to change or may be withdrawn at any time.

Mailing Address:

TD Life Insurance Company

P.O. Box 1 TD Centre

Toronto, Ontario M5K 1A2