Term Life Insurance Plans for Homeowners
What are the benefits of life insurance?
There’s nothing like the excitement of buying and owning your own home. Of course, home ownership also comes with extra financial responsibility. That makes it a good time to consider getting life insurance.
More than just shelter
Your home is more than just a shelter. It reflects the lifestyle you’ve earned for yourself and your loved ones. It’s a place to raise your family and it may be the largest purchase you’ll ever make.
No doubt, you are looking forward to many happy years in your home; however, at this time you may also want to consider life insurance. In the event of your death, life insurance could help your loved ones pay down or pay off the mortgage and cover ongoing maintenance, utilities and property taxes — helping them to stay in their home.
How much life insurance coverage do I need?
Owning a home and raising a family comes with many additional expenses. When thinking about life insurance, and how much coverage you’ll need, you may want to consider things such as; your family’s cost of living. Beyond that, also think about covering your mortgage and debts.
If you need help figuring out how much life insurance coverage you need, speak to one of our advisors at
Having the right life insurance means that your spouse could conceivably continue to raise the kids with reduced debts, and to live in the same family home. It could also help provide financial security during a time when they would need it the most.
What else can I use the benefit for?
So, even if your family didn’t have a mortgage to pay for, they may still have to pay ongoing home repair maintenance, costs, heating and other bills. In addition, they’d have to cover all the other general living expenses.
If something were to happen to you, your partner or family, can have some financial protection with life insurance.
There are benefits to getting life insurance. Having the right coverage could help you feel prepared for you and your family’s future.
TD Term Life Insurance is an individual life insurance plan underwritten by TD Life Insurance Company. Some restrictions may apply. See Insurance Policy for coverage details, including limitations and exclusions.