Credit Cards

Balance Protection Insurance for
TD Visa Cards

If you're like many people, you use your TD Visa Card to make major purchases - and small ones too! Balance Protection Insurance is designed to assist in managing your credit obligations on your TD Visa Card(s) in the event of your involuntary unemployment, disability, dismemberment, critical illness or death.

Balance Protection Insurance can help pay your TD Visa bill when you can't

1. What if I become unemployed?
2. What if I become disabled?
3. What if I am diagnosed with a critical illness, die or experience dismemberment?
4. How much does it cost?
5. Who is eligible to enroll?
6. Your satisfaction...

What if I become unemployed?

If you find yourself out of work, through no fault of your own, the Balance Protection Insurance Involuntary Unemployment insurance benefit¹ can pay a monthly benefit amount towards your TD Visa outstanding balance as at the incurred date of your claim.

What if I become disabled?

If you become disabled because of accident or illness and you are unable to work, the Balance Protection Insurance Total Disability benefit¹ can pay a monthly benefit amount towards your TD Visa outstanding balance as at the incurred date of your claim.

What if I am diagnosed with a critical illness, die or experience dismemberment?

If you were to be diagnosed with a covered Critical Illness¹, the outstanding balance on your TD Visa Card 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 Visa card at the time of death can be paid in full, up to a maximum of $10,000. Balance Protection Insurance will provide your loved ones with the security of knowing that they will have one less financial obligation. If you were to experience Dismemberment¹, the outstanding balance on your TD Visa Card 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.

How much does it cost?

The cost of Balance Protection Insurance is only $0.89 per $100 of your average daily TD Visa Card balance.²

Who is eligible to enroll?

You may enroll for Balance Protection Insurance if you are the Primary Cardholder of a TD Visa Card on which Balance Protection Insurance is offered, you are a Canadian resident, and you are between the ages of 18 to 65 years.

Your satisfaction...

Iff you are not completely satisfied with your protection, simply provide your cancellation instructions, by telephone or in writing, within 30 days to TD Life Insurance Company³ 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.

Enroll today by calling 1-866-315-9069 and make Balance Protection Insurance work for you!

¹Life and Critical Illness coverages are underwritten by American Bankers Life Assurance Company of Florida (ABLAC) and Involuntary Unemployment and Total Disability coverages are underwritten by American Bankers Insurance Company of Florida (ABIC). TD Life Insurance Company acts as administrator for ABLAC and ABIC. TD Canada Trust does not act as an agent for ABIC/ABLAC. Neither TD Canada Trust and ABIC nor TD Canada Trust and ABLAC have an equity interest in each other. Dismemberment Insurance underwritten by TD Life Insurance Company. TD Canada Trust does not act as an agent for its wholly owned subsidiary. TD Canada Trust receives a fee from each insurer with respect to premium. 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.

³ TD Life acts as the authorized administrator for ABIC and ABLAC.