Calculate your Term Life Insurance, and browse our Plans
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.
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
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.
What term life insurance coverage is right for you?
What are the benefits of term life insurance?
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.
Bundle & save
Bundle your 10 or 20 year term life insurance with select TD Home or Auto Insurance, and you could save up to 10% on your premium.
It’s time for coverage that’s right for you
Whatever stage of life you’re in, life insurance could be for you. We can help you find the right coverage for you.
Planning for a future together, a 20-Year Term could make sense.
Growing your family?
To help add stability to your next 20 years, a 20-Year Term could be right for you.
Buying a home?
Your biggest asset could use some protection. Consider a 20-Year Term.
Thinking about life after retirement?
Looking to leave something behind? Term to 100 could be the coverage for you .