Calculate & find the Term Life Insurance Plan that is right for you
Are you looking to help provide your loved ones with future financial security once you’re no longer here? We can help you do just that with TD Term Life Insurance in Canada. With careful planning, you have an opportunity that can help protect what matters most to you. At TD Insurance, our advisors can help you determine the right Canadian TD Term Life Insurance for you, so you can help provide your family with financial protection if you were to pass away.
What is the importance of term life insurance?
If you have loved ones that depend on you for financial support, life insurance can help take care of their future financial security. Should you pass away, your beneficiaries receive a lump sum, tax-free payment to help them replace lost income, maintain their living standards, pay for your children's education, pay off debts and cover your final expenses. Watch our video to learn more.
Our TD Term Life Insurance policies provide coverage for death, including as a result of COVID-19, as long as all required health questions were answered accurately, and all requested information was provided at the time of your application. Please see your policy for the terms and conditions. If you have any questions about your TD Term Life Insurance policy, please call us to speak to an advisor at 1-888-788-0839.
What term life insurance coverage is right for you?
Term Life Insurance can provide coverage for 10 years, 20 years or for life depending on your needs. For example, a 35 year-old non-smoking female can get $400,000 of coverage for as low as $20.00 per month2. Whichever TD Term Life Insurance plan you choose, enjoy features like:
Coverage up to $10 million.
A guaranteed monthly or annual cost over the entire length of the term3, which is great when it comes to budgeting your money.
Automatic renewal for 10 and 20 year plans at the end of the term without medical questions or exams until you turn 80, at which point your coverage ends4.
The option to convert 10 or 20 year plans to permanent coverage any time before age 69.
Preferred rates available for 10 and 20 year plans5.
Are you eligible for term life insurance?
If you’re a Canadian resident1, and fall within the age requirements for term life insurance, you’re eligible to apply for Term 10, Term 20 and Term to 100 life insurance from TD.
A Canadian resident1 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.
For Term 10 and Term to 100, the applicant must be between the ages of 18 years old and 6 months prior to their 70th birthday.
For Term 20, the applicant must be between the ages of 18 years old and 6 months prior to their 60th birthday1.
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.
There are benefits to choosing TD Term Life Insurance. Here are a few you might like to learn about.
Your premiums are fixed and guaranteed not to change for the length of the term.
Convert your 10 year or 20 year term life to permanent life before you turn 69.
Tax-free cash benefit
Your beneficiaries will receive a lump sum, tax-free benefit if you pass away.
Available Discounts for Eligible Term Life Insurance Policies6
If you're a TD customer, save 10% on a new TD 10-Year or 20-Year Term Life Insurance policy. This includes TD Auto Finance, TD Insurance Home and/or Auto, and TD Wealth customers.
If you're not a TD customer, you can save 5% if you or your spouse is a graduate of an eligible Canadian post-secondary institution or a member of an eligible professional association.
If you are a TD customer as well as a graduate/professional, you save a maximum of 10%.
Here's how to get the discount:
Get a Quote or call a licensed TD Life Insurance Advisor
to obtain the quote that is applicable to you. Be sure to indicate
whether you are a TD customer (specify which type) or a graduate/professional.
Get a Quote or call a licensed TD Life Insurance Advisor to obtain the quote that is applicable to you. Be sure to indicate whether you are a TD customer (specify which type) or a graduate/professional.
Once you've got your quote,
you can proceed to apply for coverage. If you're
approved, you will get the discount shown in your quote.
Once you've got your quote, you can proceed to apply for coverage. If you're approved, you will get the discount shown in your quote.
Looking for TD Guaranteed Acceptance Life Insurance?
Get coverage to help pay final expenses without any medical questions or a physical exam.
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Apply by phone
TD Life Insurance licensed advisors are ready to answer your questions and help you get started.
Have us call you
Request a call from a TD Life Insurance licensed advisor.
TD Term Life Insurance is an individual life insurance plan underwritten by TD Life Insurance Company. Not available to residents of the province of Quebec. Some restrictions may apply. See Insurance Policy for coverage details, including limitations and exclusions.
1. Residents in Quebec are not eligible.
2. Cost based on a Term-10 female standard non-smoker, age 35.
3. Rates are guaranteed not to increase for the length of your term, regardless of changes to your age or health
4. Premiums increase when your term renews.
5. Subject to underwriting. Preferred rates are available to customers who apply for more than $500,000 of coverage. Preferred rates also depend on your health, lifestyle and other factors. Some restrictions may apply. Please call us to learn more about preferred rates.
6. These offers cannot be combined with any other offer, may not be available in future and if we determine that you are not eligible for the discount in the future, we reserve the right to remove the discount.
TD Insurance TD Life Insurance Company P.O. Box 1 TD Centre Toronto, Ontario M5K 1A2