Features and benefits
How your premiums are calculated
To calculate the monthly premium for each Insured Person, find the applicable rate in the product guide. Multiply it by the average amount of coverage during the month. Divide the answer by 1,000 and applicable provincial taxes5
For a male non-smoker6, aged 35, whose business has a loan with an average balance for the month of $47,500 with an equal amount of coverage, the premium is:
$0.12 x $47,500 ÷ 1,000 = $5.70/month plus applicable provincial sales tax.
Protect what’s important today.
The certificate of insurance
The certificate contains a complete list of benefits, eligibility, exclusions and limitations.
Note: This is the current product guide/distribution guide and certificate of insurance in use by TD Bank. For a copy of a certificate prior to the effective dates above, contact us.
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Meet with a banking specialist in person at the branch closest to you.
Our banking specialists are ready to answer your questions.