Personal Credit

Line of Credit Critical Illness and Life Insurance

Your TD Canada Trust Line of Credit is one of your most flexible cash management tools. Line of Credit Life Insurance¹ can help protect your family from outstanding TD Canada Trust Line of Credit debt - one less thing to worry about in your overall financial plan.

Low-cost protection for peace of mind

Line of Credit Critical Illness and Life Insurance can pay your balance, up to $300,000¹, in the event of your death, an accident or covered critical illness. If your balance is greater than 110% of its average for the past 12 months, any benefit payable may be subject to limitations. There are also exclusions that could apply.

Pay for coverage only when you need it

The low cost of your Line of Credit Critical Illness and Life Insurance is based on your age at billing and your average Line of Credit balance, including any fixed-rate loans. Plus, on the premium for the portion of your balance that exceeds $75,000, you'll receive a 20% discount. In other words, you only pay for the coverage you need. If you choose to insure more than one customer, you will obtain a 15% discount on the total of your individual premiums. Multi-coverage can protect all insured persons in case any one of you should die or suffer a covered loss.

For example, if you are 34 years old and your spouse is 30, and your average monthly balance on your line of credit is $150,000, your monthly insurance cost would be:

^† Provincial sales taxes apply in certain provinces. Rates are subject to change.
^* For Critical Illness coverage, available for renewals only.

No-nonsense payment method

Your premiums are calculated automatically, based on your outstanding fixed and/or revolving credit balance, and will appear on your line of credit statement.

Applying is easy

If you are applying for a new line of credit, you most likely need to answer only a few health questions.

How to apply

If you are applying for a new TD Canada Trust Line of Credit through EasyLine Telephone Banking or EasyWeb Internet Banking, you will be mailed an application for Line of Credit Life Insurance with your TD Canada Trust Line of Credit information package. You can also apply at your local TD Canada Trust branch.

Satisfaction guaranteed!

Line of Credit Life Insurance comes with a satisfaction guarantee. If you are dissatisfied with Line of Credit Life Insurance for any reason, you may cancel your coverage for a full refund within 30 days of purchase.

¹ Line of Credit Critical Illness and Life Insurance provides group life and optional critical illness coverage, underwritten by The Canada Life Assurance Company and accident coverage underwritten by TD Life Insurance Company. Defined terms and complete details of all benefits, including exclusions and limitations which may apply, are contained in the Certificate of Insurance. Certain restrictions may apply.