Credit Cards

If you're like many people, you use your TD Canada Trust Credit Card to make major purchases — and small ones too! TD Balance Protection Plus and TD Balance Protection Insurance are two credit protection insurance products designed to assist in managing your credit obligations on your TD Canada Trust Credit Card(s) in the event of your Involuntary Unemployment, Total Disability, Dismemberment, Critical Illness or Death.

What's the difference between the two products? TD Balance Protection Plus gives you additional coverage for your spouse and for Disability Requiring Hospitalization. These benefits are not available with TD Balance Protection Insurance.

• What if I become unemployed?

  If you find yourself out of work, through no fault of your own, TD Balance Protection Plus and TD Balance Protection Insurance include an Involuntary Unemployment insurance benefit¹, which can pay a monthly benefit of at least 3% towards your TD Canada Trust Credit Card Account outstanding balance as at the date of your claim.
• What if I become disabled?

  If you become disabled because of an accident or illness and you are unable to work, TD Balance Protection Plus and TD Balance Protection Insurance include a Total Disability benefit¹, which can pay a monthly benefit of at least 3% towards your TD Canada Trust Credit Card Account outstanding balance as at the date of your claim.
• What if I am diagnosed with a critical illness, die or suffer dismemberment?

  TD Balance Protection Plus and TD Balance Protection Insurance also provide the following coverage: If you are diagnosed with a covered critical illness¹, the outstanding balance on your TD Canada Trust Credit Card Account at the time of diagnosis can be paid in full, up to $10,000. If you were to die¹, the outstanding balance on your TD Canada Trust Credit Card at the time of death can be paid in full, up to a maximum of $10,000. If you suffer dismemberment¹, the outstanding balance on your TD Canada Trust Credit Card Account at the time of the loss can also be paid, up to a maximum of $10,000. Coverage converts to Accidental Death benefit at age 66.
• Who is eligible to enrol?

  You may enrol for TD Balance Protection Plus and TD Balance Protection Insurance if you are the Primary Cardholder of a TD Canada Trust Credit Card Account on which Balance Protection Insurance is available, you are a Canadian resident, and you are between the ages of 18 and 65. NOTE: If you choose to enrol in TD Balance Protection Plus, your spouse can also be covered for many of the benefits that are available to you as the Primary Cardholder and insured person named under the Certificate of Insurance.
• Your satisfaction

  If you are not completely satisfied with your protection, simply provide your cancellation instructions, by telephone or in writing, to TD Life Insurance Company¹ within 30 days for a full refund. If you decide to cancel at any time after that, any unearned premium will be refunded. You may cancel your coverage at any time.


Additional coverage provided when you enrol in TD Balance Protection Plus

• What if I am hospitalized?

  If you are hospitalized for at least 24 hours, the Disability Requiring Hospitalization benefit¹ can pay one monthly benefit of at least 3% towards the outstanding balance on your TD Canada Trust Credit Card Account as at the date of your claim. If you are hospitalized for more than 30 consecutive days, this benefit can also pay the outstanding balance, up to a maximum of $10,000, on your TD Canada Trust Credit Card Account as at the date of your claim.
• What if I have a spouse?

  Your spouse will be covered for all benefits available to you as the Primary Cardholder, except Involuntary Unemployment Coverage. Your spouse does not have to be a cardholder, authorized user or even a TD Canada Trust customer to be covered.
• How much do the Credit Protection Insurance options cost?

  TD Balance Protection Plus costs $1.20 per $100 of your average daily balance on your TD Canada Trust Credit Card Account.²

  TD Balance Protection Insurance costs $0.89 per $100 of your average daily balance on your TD Canada Trust Credit Card Account.²

  There are other lower-cost Credit Protection Insurance options to protect your TD Canada Trust Credit Card Account, which provide some of the benefits described above. To find out more about these options or to enrol, call 1-866-315-9069.

Complete List of Benefits, Exclusions and Limitations
TD Balance Protection Plus Certificate of Insurance (Requires Adobe Acrobat)
TD Balance Protection Insurance (Requires Adobe Acrobat)

Quebec Residents:  Please also refer to the Distribution Guides.
TD Balance Protection Plus Distribution Guide (Requires Adobe Acrobat)
TD Balance Protection Insurance (Requires Adobe Acrobat)

For more information or to enrol today, call 1-866-315-9069 and make our Credit Protection Insurance products work for you!

¹Life, Accidental Death and Critical Illness coverage is underwritten by American Bankers Life Assurance Company of Florida (ABLAC) and Involuntary Unemployment, Total Disability and Disability Requiring Hospitalization coverages are underwritten by American Bankers Insurance Company of Florida (ABIC). Dismemberment coverage is underwritten by TD Life Insurance Company (TD Life). TD Canada Trust receives a fee from each insurer with respect to premium collection. TD Life acts as administrator for ABLAC/ABIC. TD Canada Trust does not act as an agent for ABLAC/ABIC and neither company has an equity interest in the other. TD Canada Trust does not act as an agent for TD Life, its wholly owned subsidiary. Complete terms of coverage are on the Certificate of Insurance you will receive upon enrollment. Limitations and exclusions apply, and vary by benefit.

² Premium rate is subject to change upon 30 days notice. Complete terms of coverage, limitations and exclusions are in the Certificate of Insurance that you will receive upon enrollment.