Term Life Insurance Plans for your Retirement
What term life insurance plan should I choose as I retire?
With retirement just around the corner, or if you have already retired, it’s a good time to start thinking about the next chapter of your life. It’s also a good time to think about what you’d like to leave behind for your children and grandchildren. The right life insurance policy can provide financial support for your loved ones.
We offer the following policy terms that might be right for you:
10-Year Term Life
Often best suited for people who have shorter-term financial responsibilities.
20-Year Term Life
For those who have a good idea of what the next 20 years will look like.
Term to 100 Life
For people who want lifetime coverage at a cost that doesn’t change.
Guaranteed Acceptance Life Insurance
This option can be considered if you want coverage for life or are concerned with increasing premiums. Because of its guaranteed approval with no medical exam requirement, premiums won’t go up and have no end date as long as your policy stays active.
This type of life insurance provides:
- A tax-free lump sum amount of your choosing from $5,000 to $25,000 to be paid to your beneficiary
- Compassionate Advance Living benefit, designed to assist in the event of a terminal illness1
- Accidental Death benefit1
This life insurance option is meant to provide financial support to help your family pay for your final expenses such as funeral costs.
Enjoying retirement with the right life insurance
Your retirement is a special time in your life — one that deserves to be full of happiness and enjoyment.
TD Term Life Insurance and TD Guaranteed Acceptance Life Insurance are individual life insurance plans underwritten by TD Life Insurance Company. Not available to residents of the province of Quebec. See each plan's Insurance Policy for coverage details, including limitations and exclusions.
1See Insurance Policy for coverage details, including limitations and exclusions.