 While most individuals want to pay down their outstanding loans
as quickly as possible, the unexpected can happen. TD Loan Life and
Disability Insurance can provide flexible protection for your loan
obligations at a price you can afford. Loan Life InsuranceIf you die or suffer a covered accidental
loss, the outstanding balance of your
covered personal loans and any interest charged can be paid in
full, to a maximum of $250,000. Neither your family nor your estate
would have the financial burden of paying off your loans. Loan Disability InsuranceWith Loan Disability Insurance, which can be added to your Loan Life
Insurance, if you become Totally
Disabled, your regular monthly loan
payments can continue to be made for you, to a maximum of $2,000
per month. You are insured until you are no longer Totally
Disabled, your covered loans have been paid in full, or you
received benefits for five consecutive years. Affordable CoverageLoan Life and Disability Insurance have
special group rates. For additional comfort, you can extend the
coverage to an unlimited number of co-borrowers and/or guarantors.
If more than one person is insured for Loan Life and Disability, a
15% discount will be applied to the sum of the individual
premiums. Loan Life
Insurance
- Your premium is based on the premium rate for your age on the
date you apply and the initial loan amount.
Loan Disability
Insurance
- Your premium is based on the premium rate that applies to the
loan amortization period and the initial loan amount.
For example, if you are 34 years old, your cost of Loan Life and
Disability Insurance for a three year (36 months) term loan of
$10,000 would be: | (0.23 + 1.06) x | $10,000
1000 | = $12.90/month* |
Monthly Life Insurance premium rate per $1,000 of
coverage*| Age | Under
31 | 31-35 | 36-40 | 41-45 | 46-50 | 51-55 | 56-60 | 61-65 | 66-69 |
|---|
| Single
Rate | 0.19 | 0.23 | 0.25 | 0.31 | 0.37 | 0.49 | 0.70 | 1.00 | 1.50 |
|---|
Monthly Disability Insurance premium rate per $1,000 of
coverage*| Loan
Amortization Period | Premium
Rates |
|---|
| 12 months or
less | $1.50 |
|---|
| 13 to 24
months | $1.27 |
|---|
| 25 to 36
months | $1.06 |
|---|
| 37 to 48
months | $0.97 |
|---|
| 49
months or more | $0.90 |
|---|
Easy Payment OptionsFor your convenience, premium payments are
automatically withdrawn from the same account as your regular
monthly loan payments. Easy Application MethodNo health questions will be asked and no
medical examination is required. You are eligible to apply for TD
Canada Trust Loan Insurance if: - you are the borrower, co-borrower and/or
guarantor on a TD personal fixed or variable rate loan,
- you are between 18 and 70 years of age on
the date the loan is approved, and
- you are a resident of Canada
How to applyIf you are applying for a new TD Canada
Trust Personal Term Loan with EasyLine telephone banking or EasyWeb
Internet banking, you will be mailed an application for Loan Life
and Disability Insurance with your Loan information package. You
can also apply at your local
TD Canada Trust branch. 
Satisfaction Guaranteed!Loan Life and Disability Insurance comes
with a satisfaction guarantee. If you are dissatisfied with TD Loan
Life and Disability Insurance for any reason, you may cancel your
coverage for a full refund within 30 days. 
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