While most individuals want to pay down their outstanding loans as quickly as possible, the unexpected can happen. TD Loan Life and Disability Insurance¹ can provide flexible protection for your loan obligations at a price you can afford.

Loan Life Insurance

If you die or suffer a covered accidental loss¹, 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 Insurance

With Loan Disability Insurance¹, which can be added to your Loan Life Insurance¹, if you become Totally Disabled¹, your regular monthly loan payments can continue to be made for you, to a maximum of $2,000 per month. Your benefits will continue until one of the following occurs - 1) you are no longer Totally Disabled, 2) your covered loans have been paid in full, or 3) you have received benefits for five consecutive years.

Affordable coverage

Loan 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-month) term loan of $10,000 would be:

^† Provincial sales taxes apply in certain provinces. Rates are subject to change without notice.

^† Provincial sales taxes apply in certain provinces. Rates are subject to change without notice.

^† Provincial sales taxes apply in certain provinces. Rates are subject to change without notice.

Easy payment options

For your convenience, premium payments are automatically withdrawn from the same account as your regular monthly loan payments.

Easy application method

No 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 Canada Trust 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 apply

To apply for TD Insurance Credit Protection products on your Personal Term Loan, visit your local TD Canada Trust branch. If you are applying for a Personal Term Loan through EasyLine Telephone Banking or EasyWeb Internet Banking, we automatically mail you an application with your information package. Complete it and return it to secure this valuable protection.

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.

¹ Loan Life and Disability Insurance provides group life and optional disability coverage underwritten by The Canada Life Assurance Company and accident coverage underwritten by TD Life Insurance Company. Loan Disability Insurance is an optional coverage available to those who qualify for Loan Insurance. 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.