TD Protection Plans 

What is TD Mortgage Protection?

Help protect the home and the life you’ve built together. TD Mortgage Protection is optional insurance offering Mortgage Life Insurance and Mortgage Critical Illness Insurance both of which can pay towards the outstanding balance on your TD mortgage in the event of a covered critical illness, accidental dismemberment, or death1.


Highlights and benefits of TD Mortgage Protection

  • Tax-Free Payment

    A tax-free, lump-sum payment up to $1,000,0002 is paid towards the outstanding balance on your mortgage for an approved claim.

  • 30-Day review period

    This plan includes a review period of 30 days for you to examine your certificate of insurance. If you are not completely satisfied you can cancel your coverage within this period and you will receive a refund for any premiums paid. If you cancel any time after this period any unearned premium will be refunded.

  • Discounts available

    You may be eligible to save on your premiums with a multi-insured discount and premium rate reduction. See the discount details in the table below.


Explore TD Mortgage Protection

Mortgage Life Insurance 

Mortgage Critical Illness Insurance (available only with Mortgage Life Insurance)

Coverage Overview

Can pay up to $1,000,0002 toward your outstanding TD mortgage balance should you pass away or experience a covered terminal illness or accidental dismemberment1.

Can pay up to $1,000,0002 toward your outstanding TD mortgage balance if you're diagnosed with life-threatening cancer, acute heart attack or stroke1.

Eligibility to apply

You can apply if you are:

  • a TD mortgage borrower or guarantor,
  • 18 to 69 years old, and
  • a Canadian resident1.

You can apply if you are:

  • a TD mortgage borrower or guarantor,
  • 18 to 55 years old,
  • a Canadian resident1, and
  • applying or enrolled for Mortgage Life Insurance.

Factors used to calculate premium

  • Age at time of application
  • Coverage type  
  • Coverage amount applied for

Discounts 

Multi-insured discount1

  • 20% discount on each insured person’s premium, if another person gets the same coverage for the same mortgage.

Premium rate reduction1

  • 15% on amounts between $150,000 and $500,000
  • 35% on amounts between $500,000 and $1,000,000

For complete terms and conditions, including eligibility requirements, benefits, features, limitations, and exclusions, refer to the respective Certificate of Insurance below.


TD Protection Plans Assessment Tool

With the TD Protection Plans Assessment Tool, answer a few questions to help you choose the coverage that best suits your needs.  


TD Mortgage Protection FAQs

Learn more important information with these frequently asked questions and answers.









TD Protection Plans Claims 

If you need to make a claim, we’re ready to guide you every step of the way.

TD Protection Plans Advice & Tips


Ways to Apply


Have a question? Find answers here