Protection for your financial obligations

Line of Credit Critical Illness and Life Insurance or Line of Credit Life Insurance are optional creditor’s group insurance coverages for TD line of credit borrowers.

You can apply for this insurance if you are:

• A Canadian resident; and either
• 18–69 years old, for Life Insurance; or
• 18–55 years old, for Critical Illness Insurance

To learn more about eligibility, limitations or exclusions, refer to our Certificate of Insurance & Important Documents above.

The first step is to complete the application, which includes selecting your coverage and answering up to a maximum of four health-related questions. Depending on the coverage amount requested and your responses to health questions on the application, you may also be required to complete a health interview.

You can apply online, in branch or call us at 1-888-983-7070.

For Life Insurance, coverage starts on the date you apply for coverage, if:

• The coverage is $50,000 or less; or
• You answer “No” to health questions 1–3 on the application

For Critical Illness Insurance, coverage starts on the date you apply for coverage if:

• You answer “No” to all health questions on the application
• The amount of total requested coverage, including any existing coverage, is $500,000 or less

If you answer “Yes” to any of the health questions on the application or the total requested coverage, including any existing coverage, is greater than $500,000, you will need to complete a separate health questionnaire.

If further health information is needed, you’ll be contacted by phone to complete a health interview. Typically, the average wait time to be contacted is within 2–3 business days. A written decision on your coverage approval status will be mailed to you.

To learn more about coverage including benefits, conditions and restrictions and exclusions, refer to the Certificate of Insurance & Important Documents above.

Line of Credit Critical Illness and Life Insurance or Line of Credit Life Insurance may end before your line of credit is fully paid. Some examples of scenarios when coverage may end include:

• you are no longer a borrower on the line of credit
• we pay a Life Insurance benefit to your line of credit
• you have accumulated a total of 3 months of unpaid premiums
• you die
• Line of Credit Critical Illness Insurance will end on the date your Line of Credit Life Insurance ends

We will refund any premiums we may owe you after your coverage ends. You can cancel at any time. If you cancel your coverage within the first 30 days, any premiums paid will be refunded and coverage will be considered never to have been in force. If a claim is made within the first 30 days, a refund is not provided.

For complete details on when coverage ends, refer to the Certificate of Insurance & Important Documents above.

Depending on your line of credit limit, you could qualify for partial coverage which allows you to customize your coverage to fit your budget and insurance needs. It also allows you to select a percentage to insure, from $300,000 to $1,000,000.

If the total of all your insured assets exceeds the coverage maximum of $1,000,000, we may offer you partial coverage.

At the time of an approved claim, the percentage is applied to the outstanding balance on your line of credit.

To learn more about partial coverage options and to see examples, refer to the Certificate of Insurance & Important Documents above.

Your premium may fluctuate monthly and will be based on your age and average balance at time of billing. If you don’t carry a balance on your revolving portion during the month, you won’t pay any premiums for that portion. If you have a term portion, your premium will be based on your age and balance at the start of the term and will remain fixed for the duration of your term.

TD Line of Credit Protection offers a multi-insured discount. If more than one person becomes insured for the same coverage on the same line of credit, a 15% discount is applied to each of the individual premiums.

A premium rate reduction will apply to the cost of the insurance for average insured balances of your line of credit as follows:

• A 20% premium rate reduction for amounts between $75,000 and $300,000
• A 25% premium rate reduction for amounts between $300,000 and $500,000
• A 35% premium rate reduction for amounts between $500,000 and $1,000,000

To learn more about how premiums are calculated and to see the premium rate table, refer to the Certificate of Insurance & Important Documents above.

If you have questions about your existing coverage or want to cancel your coverage, contact us at 1-888-983-7070.

Loan Life and Disability Insurance or Loan Life Insurance are optional creditor’s group insurance coverages for TD personal loan customers, borrowers or guarantors.

You can apply for this insurance if you are:

• A Canadian resident
• 18–69 years old
• Have not applied for or received disability benefits in the past 30 days

Your application for coverage must be received within 90 days from the loan funding date.

To learn more about eligibility, limitations or exclusions, refer to our Certificate of Insurance & Important Documents above.

Select your coverage and, complete and sign the application form. It’s as simple as that. Your application for coverage must be received within 90 days of loan funding.

You can apply in branch or call us at 1-888-983-7070.

Since you’re not required to answer any health questions as part of the application process, coverage begins on either the date funds are advanced to you or on the date you apply for coverage after your loan has been funded, whichever comes later.

Loan Life and Disability Insurance or Loan Life Insurance may end before your loan is fully paid. Some examples of scenarios when coverage may end include:

• you are no longer a borrower or guarantor on the loan
• we pay a Life Insurance benefit to your loan
• you have accumulated a total of 3 months of unpaid premiums
• you die
• Loan Disability Insurance will end on the date your Loan Life Insurance ends

We will refund any premiums we may owe you after your coverage ends. You can cancel at any time. If you cancel your coverage within the first 30 days, any premiums paid will be refunded and coverage will be considered never to have been in force. If a claim is made within the first 30 days, a refund is not provided.

For complete details on when coverage ends, refer to the Certificate of Insurance & Important Documents above.

Your insurance premium is based on your selected coverage type, your age at application and the amount of your loan at the time of application, less any applicable discounts. Your premium rate will not increase during the duration of your loan, even as you get older.

TD Loan Protection offers a multi-insured discount. If more than one person becomes insured for the same coverage on the same loan, a 15% discount is applied to each individual premium.

To learn more about how premiums are calculated and to see the premium rate table, refer to the Certificate of Insurance & Important Documents above.

If you have questions about your existing coverage or want to cancel your coverage, contact us at 1-888-983-7070.

You may enroll if:

• You are the Primary Cardholder of the TD Credit Card Account on which Payment Protection Plan is available
• You are a Canadian resident
• You are between the ages of 21 and 65

To learn more about eligibility conditions, limitations and exclusions, refer to our Certificate of Insurance & Important Documents above.

You'll pay $1.20 (plus applicable taxes) per $100 of your insured balance², up to $25,000 until you reach the age of 66. As an example:

Insured Balance²
$500
Premium Calculation
$500 x ($1.20 / $100)

Monthly Premium
$6.00

Rate is reduced to $0.60 on the statement date following the 66th birthday.

If you've been employed for a minimum of 25 hours per week for at least 3 months in a non-seasonal job and subsequently suffer a job loss and remain unemployed for more than 30 consecutive days, this coverage can make monthly benefit payments equal to the greater of 20% of the eligible outstanding balance or $10.

To learn more about coverage including benefits, conditions and restrictions, refer to the Certificate of Insurance & Important Documents above.

If you experience total disability due to accidental injury or illness for more than consecutive 30 days and you are regularly seeing a physician, this coverage can make monthly benefit payments equal to the greater of 20% of the eligible outstanding balance or $10.

To learn more about coverage including benefits, conditions and restrictions, refer to the Certificate of Insurance & Important Documents above.

Up to age 80, this one-time benefit payment covers your eligible outstanding balance, up to $25,000.

To learn more about coverage including benefits, conditions and restrictions, refer to the Certificate of Insurance & Important Documents above.

At age 66, your premium rate drops from $1.20 to $0.60 (plus applicable taxes) per $100 of your insured balance². Total Disability and Job Loss coverage end while Life coverage continues until you're 80 years old.

Applicable changes appear on the next statement you receive after turning 66 years old.

To learn more about coverage including benefits, conditions and restrictions, refer to the Certificate of Insurance & Important Documents above.

To cancel, contact Assurant®.
Call 1-866-315-9069 weekdays 8 a.m. to 8 p.m. ET.


Address:
PO Box 7000
Kingston, ON
K7L 5V5

If you transfer to a different eligible TD card, or replace your TD card, your insurance will be transferred to the new account with the original effective date.

No, only the Primary Cardholder is covered.

Business Credit Life Insurance is optional creditor’s group insurance coverages offered exclusively to TD Bank business credit customers that are a sole proprietorship, partnership, non-public corporation or other entity operating a business or a farm.

Eligible business credit products which can be insured include business loans (including business mortgages), TD Business Credit Cards, lines of credit and overdraft protection.

You can apply for Business Credit Life Insurance coverage if you are:

• A Canadian resident between the ages of 18–69 years old; and
• The owner or spouse of the owner of an unincorporated business
• A director or officer;
• Personal guarantor; or
• An essential person to the business

For residents in Quebec to be eligible to apply for this insurance, the proposed insured person must also meet the following eligibility criteria:

• Have a financial interest in the company as either:
• The owner of the business; or the personal guarantor of some or all of the business credit included in the Total Authorized Business Credit

To learn more about eligibility for Business Credit Life Insurance, refer to the respective Certificate of Insurance.

Business Credit Living Benefit Insurance is optional creditor’s group insurance coverages offered exclusively to TD Bank business credit customers that are a sole proprietorship, partnership, non-public corporation or other entity operating a business or a farm.

Eligible business credit products which can be insured include business loans (including business mortgages), TD Business Credit Cards, lines of credit and overdraft protection.

You can apply for Business Credit Living Benefit Insurance if you are:

• A Canadian resident between the ages of 18 and 55; and
• The owner a business;
• A personal guarantor of some or all of the debt included in the Total Authorized Business Credit;
• The spouse of the owner of the business (not applicable in Quebec);
• A director or officer of the business (not applicable in Quebec); or
• An employee (not applicable in Quebec) whose contributions are essential to the business and without whom the business would have difficulty operating

Additional eligibility criteria also includes:

• You must be Actively Working for wages or expectation of profit; or
• If you are a personal guarantor and you do not have an occupation or work for the business, you must be able to perform all six Activities of Daily Living.

For all proposed insured persons, you must not have applied for or received disability payments, benefits or disability pension from any source, in the 24 months prior to applying.

To learn more about eligibility for Business Credit Living Benefit Insurance, refer to the Certificate of Insurance.

The coverages have certain limitations and exclusions. Here are some examples of when a Business Credit Life Insurance benefit will not be paid:

• Death or accidental dismemberment results from the insured person’s commission of a criminal offence, including driving while intoxicated
• Death occurs during the first two years of your coverage, as the result of intentional self-inflicted injury, suicide or attempted suicide (if this happens, we will refund all premiums you’ve paid)

Here are some examples of when a Business Credit Living Benefit Insurance benefit will not be paid:

• The insured person’s critical illness or total disability occurs due to a pre-existing condition
• The insured person is diagnosed with or have investigations that lead to a diagnosis of Cancer (life-threatening), in the first 90 days after coverage starts. (Coverage will end and premiums paid will be refunded).

For complete details of coverage limitations and exclusions, please refer to the Business Credit Life Insurance or Business Credit Living Benefit Insurance Certificate of Insurance & Important Documents above.

Business Credit Life Insurance and/or Business Credit Living Benefit Insurance may end before your business credit is fully paid. Some examples of scenarios when coverage may end include:

• the insured person is no longer associated with the business, or no longer meets the ongoing eligibility requirements
• We are notified that authorized business credit has been transferred to another bank or financial institution
• the insured person dies

We will refund any premiums we may owe you after your coverage ends. You can cancel at any time. If you cancel your coverage within the first 30 days, any premiums paid will be refunded and coverage will be considered never to have been in force. If a claim is made within the first 30 days, a refund is not provided.

For complete details on when coverage ends, please refer to the Business Credit Life Insurance or Business Credit Living Benefit Insurance Certificate of Insurance & Important Documents above.

The first step is to complete the application, which includes selecting your coverage and answering six health-related questions.

Depending on the coverage amount requested and your response to health questions, you may also be required to complete a health interview..

You can apply in branch or speak with your Small Business Account Manager.

The premium rate used to calculate your insurance premium is based on your:

• Age at billing date
• Smoking status
• Gender

Business Credit Life Insurance premiums are based on:

• The insured person’s premium rate
• The average of the daily life insurance coverage during the billing period

The cost of insurance will vary over time. Business Credit Life Insurance premiums, plus any applicable sales taxes, are calculated separately for each person insured under your Total Authorized Business Credit. Premium payments will be withdrawn automatically on the 15th calendar day of the month, or the next business day following the 15th, from the account indicated on the application.

To learn more about how to calculate your premiums and to see the premium rate table with examples, refer to the Business Credit Life Insurance Certificate of Insurance & Important Documents above.

The premium rate used to calculate your insurance premium is based on your:

• Age at billing date
• Smoking status
• Gender

Business Credit Living Benefit Insurance premiums are based on:

• The insured person’s premium rate
• The average daily business credit outstanding balance during the billing period, subject to the coverage maximum

Business Credit Living Benefit Insurance premiums, plus any applicable sales taxes, are calculated separately for each insured person under your Total Authorized Business Credit. Premium payments will be withdrawn automatically on the 15th calendar day of the month, or the next business day from the account indicated on the application.

To learn more about how to calculate your premiums and to see the premium rate table with examples, refer to the Business Credit Living Benefit Insurance Certificate of Insurance & Important Documents above.

If you have questions about your existing coverage or want to cancel your coverage, contact us at 1-888-983-7070 Monday-Friday 8:00am – 8:00pm EST.