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Help safeguard your financial well-being
TD Protection Plans are designed to help you be confident that you have coverage.
Protection for your financial obligations
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Mortgage
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Line of Credit
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Loan
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Credit Card
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Business Credit
What is TD Mortgage Protection?
This optional coverage offers Mortgage Critical Illness and Life Insurance or, Mortgage Life Insurance that can pay towards the outstanding balance on your mortgage if you experience an unexpected covered event.
Whether you’re single or have a partner or a family to care for, planning ahead with TD Mortgage Protection can help you feel financially confident.
How TD Mortgage Protection can help you
- Outstanding TD Mortgage balance, less any arrears
- Discharge fees and prepayment charges
- Interest owing
As an enhancement, you can also apply for Mortgage Critical Illness Insurance which can pay up to $1,000,0002 if you’re diagnosed with cancer (life-threatening), acute heart attack or stroke1.
Protection for your Mortgage - Product Guide and Certificate of Insurance (Sample)
For Quebec residents only:
Protection for your Mortgage - Product Summary, Fact Sheet and Certificate of Insurance (Sample)
We can help you find a suitable TD Protection Plan
TD Protection Plans Assessment Tool
TD Protection Plans Quote Tool
"Three weeks after my heart attack, TD paid off our mortgage."3 –Allen, critical illness survivor
Your loved ones count on you to take care of them, but what if something happens to you? With Mortgage Critical Illness and Life Insurance, you can feel confident knowing your outstanding payments on your mortgage have protection.
Allen was enrolled when he had his heart attack. TD paid off his mortgage3. Watch his real-life story and see how we were there for him when he needed it most.
Explore TD Mortgage Protection FAQs.
TD Protection Plans claims
TD Mortgage Protection FAQs
You can apply for this insurance if you are:
- A Canadian resident; and either
- 18–69 years old, for Life Insurance; or
- 18–55 years old, for Critical Illness Insurance
To learn more about eligibility conditions, limitations and exclusions, refer to our Certificate of Insurance & Important Documents above.
- What would the impact be to my finances if my income was lost or reduced due to a covered critical illness?
- Would my partner or co-borrower be able to afford the mortgage on their own if I were to pass away or suffer a covered critical illness?
- Do I have loved ones who rely on me financially?
Looking for more support? Try our TD Protection Plans Assessment tool to learn more our optional creditor insurance, and see your eligible coverage options and premium quote.
Depending on the coverage amount requested and your response to health questions on the application, you may also be required to complete a health interview.
You can apply online, in branch or call us at
- The mortgage approval date of the mortgage that later funds; or
- The date you apply for coverage (see below for further information); or
- The date you are notified in writing that your coverage is approved.
For Life Insurance, coverage starts on the date you apply for coverage if:
- You answer “No” to health questions 1–4 on the application; and
- The amount of total requested coverage, including any existing coverage, is $500,000 or less
For Critical Illness Insurance, coverage starts on the date you apply for coverage if:
- You answer “No” to all health questions on the application; and
- The amount of total requested coverage, including any existing coverage, is $500,000 or less
If you answer “Yes” to any of the health questions on the application or the total requested coverage, including any existing coverage, is greater than $500,000, you will need to complete a separate health questionnaire.
If further health information is needed, you’ll be contacted by phone to complete a health interview. Typically, the average wait time to be contacted is within 2–3 business days. A written decision regarding your coverage approval status will be mailed to you.
NOTE: A benefit will only be paid if the mortgage is fully advanced under the insured person’s name.
To learn more about coverage including benefits, conditions and restrictions, refer to the Certificate of Insurance & Important Documents above.
Mortgage Critical Illness and Life Insurance or Mortgage Life Insurance may end before your mortgage is fully paid. Some examples of scenarios when coverage may end include:
- you are no longer a borrower or guarantor on the mortgage
- we pay a Life Insurance benefit to your mortgage
- you have accumulated a total of 3 months of unpaid premiums
- you die
- Mortgage Critical Illness Insurance will end on the date your Mortgage Life Insurance ends
We will refund any premiums we may owe you after your coverage ends. You can cancel at any time. If you cancel your coverage within the first 30 days, any premiums paid will be refunded and coverage will be considered never to have been in force. If a claim is made within the first 30 days, a refund is not provided.
For complete details on when coverage ends, refer to the Certificate of Insurance & Important Documents above.
If the total of all your insured mortgage balances exceeds the coverage maximum of $1,000,000, we may offer you partial coverage.
At the time of an approved claim, the percentage is applied to the outstanding balance on your mortgage.
To learn more about partial coverage options and to see examples, refer to the Certificate of Insurance & Important Documents above.
TD Mortgage Protection offers a multi-insured discount. If more than one person becomes insured for the same coverage on the same mortgage, a 25% discount is applied to each of the individual premiums.
We also offer a premium rate reduction depending on your insured mortgage balance at the time of application. A 25% premium rate reduction will apply to the portion of your insured balance that is between $300,000 and $500,000. A 35% premium rate reduction will apply to the portion of your insured balance that is between $500,000 and $1,000,000.
To learn more about how premiums are calculated and to see the premium rate table, refer to the Certificate of Insurance & Important Documents above.
- If you are diagnosed with cancer (life-threatening) in the first 90 days after coverage starts, your Critical Illness Insurance coverage will be terminated, and premiums will be refunded
- If you are diagnosed with a covered condition within 24 months of your coverage start date and the diagnosis is related to a pre-existing condition
- If your loss is a result of intentional self-inflicted injury, suicide or attempted suicide
For complete details of coverage limitations and exclusions, please refer to the Certificate of Insurance & Important Documents above.
1 As defined in the Certificate of Insurance. Exclusions and limitations apply.
2 Total for all TD Canada Trust mortgages. Mortgages include Conventional or Canadian Mortgage and Housing Corporation (CMHC) insured mortgages only. Self-directed RSP mortgages and mortgages on commercial properties are not eligible to be insured.
3 The insurer can pay the outstanding credit balance to The Toronto-Dominion Bank, subject to the amount of insurance you applied for and were approved for. See the Certificate of Insurance for details. Restrictions and limitations apply.
Life and critical illness coverages underwritten by The Canada Life Assurance Company. Accidental dismemberment coverage underwritten by TD Life Insurance Company.
TD Life Insurance Company is the authorized administrator for this insurance. For more details on insurer and/or administrator, as well as all benefits and restrictions, please refer to the Certificate of Insurance.
TD Protection Plans Advice & Tips
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Helping first time home buyers with mortgage protection
Learn more about insuring your mortgage balance with TD Mortgage Protection.
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Buying Your First Home
Learn more about insuring your mortgage balance with TD Mortgage Protection.
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Navigating the Canadian Housing Market
Learn more about insuring your mortgage balance with TD Mortgage Protection.
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Protecting Against Unexpected Illness
Learn more about insuring your mortgage balance with TD Mortgage Protection.
Connect with us
Apply online
Log in to EasyWeb to complete an online application.
We'll call you
Ready to talk with us about TD Mortgage Protection and learn how our coverage options could meet your needs?
Book an appointment
Meet with a banking specialist in person at the branch closest to you.
What is TD Line of Credit Protection?
Whether you’re single or have a partner or a family to care for, planning ahead with TD Line of Credit Protection can help you feel financially confident.
TD Line of Credit Protection details
- Your unpaid line of credit balance less any arrears
- Interest owing
- Discharge or penalty fees
As an enhancement, you can also apply for Line of Credit Critical Illness Insurance which can pay up to $1,000,0002 if you are diagnosed with cancer (life-threatening), acute heart attack or stroke1.
Protection for Your Line of Credit — Product Guide and Certificate of Insurance (Sample)
Quebec residents:
Protection for Your Line of Credit — Product Summary, Fact Sheet and Certificate of Insurance (Sample)
We can help you find a suitable TD Protection Plan
TD Protection Plans Assessment Tool
TD Protection Plans Quote Tool
TD Line of Credit Protection claims
TD Line of Credit Protection FAQs
You can apply for this insurance if you are:
- A Canadian resident; and either
- 18–69 years old, for Life Insurance; or
- 18–55 years old, for Critical Illness Insurance
To learn more about eligibility, limitations or exclusions, refer to our Certificate of Insurance & Important Documents above.
You can apply online, in branch or call us at
- The coverage is $50,000 or less; or
- You answer “No” to health questions 1–3 on the application
For Critical Illness Insurance, coverage starts on the date you apply for coverage if:
- You answer “No” to all health questions on the application
- The amount of total requested coverage, including any existing coverage, is $500,000 or less
If you answer “Yes” to any of the health questions on the application or the total requested coverage, including any existing coverage, is greater than $500,000, you will need to complete a separate health questionnaire.
If further health information is needed, you’ll be contacted by phone to complete a health interview. Typically, the average wait time to be contacted is within 2–3 business days. A written decision on your coverage approval status will be mailed to you.
To learn more about coverage including benefits, conditions and restrictions and exclusions, refer to the Certificate of Insurance & Important Documents above.
Line of Credit Critical Illness and Life Insurance or Line of Credit Life Insurance may end before your line of credit is fully paid. Some examples of scenarios when coverage may end include:
- you are no longer a borrower on the line of credit
- we pay a Life Insurance benefit to your line of credit
- you have accumulated a total of 3 months of unpaid premiums
- you die
- Line of Credit Critical Illness Insurance will end on the date your Line of Credit Life Insurance ends
We will refund any premiums we may owe you after your coverage ends. You can cancel at any time. If you cancel your coverage within the first 30 days, any premiums paid will be refunded and coverage will be considered never to have been in force. If a claim is made within the first 30 days, a refund is not provided.
For complete details on when coverage ends, refer to the Certificate of Insurance & Important Documents above.
If the total of all your insured assets exceeds the coverage maximum of $1,000,000, we may offer you partial coverage.
At the time of an approved claim, the percentage is applied to the outstanding balance on your line of credit.
To learn more about partial coverage options and to see examples, refer to the Certificate of Insurance & Important Documents above.
TD Line of Credit Protection offers a multi-insured discount. If more than one person becomes insured for the same coverage on the same line of credit, a 15% discount is applied to each of the individual premiums.
A premium rate reduction will apply to the cost of the insurance for average insured balances of your line of credit as follows:
- A 20% premium rate reduction for amounts between $75,000 and $300,000
- A 25% premium rate reduction for amounts between $300,000 and $500,000
- A 35% premium rate reduction for amounts between $500,000 and $1,000,000
To learn more about how premiums are calculated and to see the premium rate table, refer to the Certificate of Insurance & Important Documents above.
- If you are diagnosed with cancer (life-threatening) in the first 90 days after coverage starts, your Critical Illness Insurance coverage will be terminated and premiums will be refunded
- If you are diagnosed with a covered condition within 24 months of your coverage start date and the diagnosis is related to a pre-existing condition
- If your loss is a result of intentional self-inflicted injury, suicide or attempted suicide
For complete details of coverage limitations and exclusions, please refer to the Certificate of Insurance & Important Documents above.
TD Protection Plans Advice & Tips
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Understanding Lines of Credit for Students & Credit Protection
See how you can help protect your line of credit with coverage that could be there when you need it most.
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Managing Student Debt
See how you can help protect your line of credit with coverage that could be there when you need it most.
Connect with us
Apply online
Login to EasyWeb to complete an online application.
We'll call you
Ready to talk with us about TD Line of Credit Protection and learn how our coverage options could meet your needs?
Book an appointment
Meet with a banking Specialist in person at the Branch closest to you.
What is TD Loan Protection?
This optional coverage offers Loan Life and Disability Insurance, or Loan Life Insurance that can pay towards the outstanding balance on your loan if you experience an unexpected covered event.
Whether you’re single or have a partner or a family to care for, planning ahead with TD Loan Protection can help you feel financially confident.
TD Loan Protection details
- Your outstanding TD personal loans
- Interest owing
As an enhancement, you can also apply for optional Loan Disability Insurance which can pay up to $2,000 of your monthly loan payments for a maximum of 60 months if you become totally disabled1.
Protection for Your Personal Loan — Product Guide and Certificate of Insurance (Sample)
Quebec residents:
Protection for Your Personal Loan — Product Summary, Fact Sheet and Certificate of Insurance (Sample)
We can help you find a suitable TD Protection Plan
TD Protection Plans Assessment Tool
TD Protection Plans Quote Tool
TD Loan Protection claims
TD Loan Protection FAQs
You can apply for this insurance if you are:
- A Canadian resident
- 18–69 years old
- Have not applied for or received disability benefits in the past 30 days
Your application for coverage must be received within 90 days from the loan funding date.
To learn more about eligibility, limitations or exclusions, refer to our Certificate of Insurance & Important Documents above.
You can apply in branch or call us at 1-888-983-7070
Loan Life and Disability Insurance or Loan Life Insurance may end before your loan is fully paid. Some examples of scenarios when coverage may end include:
- you are no longer a borrower or guarantor on the loan
- we pay a Life Insurance benefit to your loan
- you have accumulated a total of 3 months of unpaid premiums
- you die
- Loan Disability Insurance will end on the date your Loan Life Insurance ends
We will refund any premiums we may owe you after your coverage ends. You can cancel at any time. If you cancel your coverage within the first 30 days, any premiums paid will be refunded and coverage will be considered never to have been in force. If a claim is made within the first 30 days, a refund is not provided.
For complete details on when coverage ends, refer to the Certificate of Insurance & Important Documents above.
TD Loan Protection offers a multi-insured discount. If more than one person becomes insured for the same coverage on the same loan, a 15% discount is applied to each individual premium.
To learn more about how premiums are calculated and to see the premium rate table, refer to the Certificate of Insurance & Important Documents above.
- Your total disability or death occurs due to a pre-existing condition
- Your total disability occurs before your coverage starts
- Your loss is a result of intentional self-inflicted injury, suicide or attempted suicide
For complete details of coverage limitations and exclusions, please refer to the Certificate of Insurance & Important Documents above.
TD Protection Plans Advice & Tips
-
Understanding Lines of Credit for Students & Credit Protection
See how you can help protect your line of credit with coverage that could be there when you need it most.
-
Managing Student Debt
See how you can help protect your line of credit with coverage that could be there when you need it most.
Connect with us
We’ll call you
Ready to talk with us about TD Loan Protection and learn how our coverage options could meet your needs?
Book an appointment
Meet with a banking specialist in person at the branch closest to you.
TD Credit Card Payment Protection Plan1
Learn how this optional insurance solution can help you make your TD credit card payments in the event of Job Loss, Total Disability or loss of Life.
If you meet the eligibility requirements3, you can enroll today and make the optional TD Credit Card Payment Protection Plan1 work for you:
- Complete your enrollment online
TD Credit Card Payment Protection Plan1 details
- Job Loss
- Total Disability
Certificate of Insurance
For Quebec residents only: Summary and Fact Sheet
Learn More About Job Loss Coverage.
Watch to learn more about monthly Job Loss benefits available for your insured credit card if you're under the age of 66, lose your job through no fault of your own, and remain unemployed for more than 30 consecutive days. Other restrictions and conditions apply.
TD Credit Card Payment Protection Plan1 claims
TD Credit Card Payment Protection Plan1 FAQs
- You are the Primary Cardholder of the TD Credit Card Account on which Payment Protection Plan is available
- You are a Canadian resident
- You are between the ages of 21 and 65
To learn more about eligibility conditions, limitations and exclusions, refer to our Certificate of Insurance & Important Documents above.
To learn more about coverage including benefits, conditions and restrictions, refer to the Certificate of Insurance & Important Documents above.
To learn more about coverage including benefits, conditions and restrictions, refer to the Certificate of Insurance & Important Documents above.
To learn more about coverage including benefits, conditions and restrictions, refer to the Certificate of Insurance & Important Documents above.
To learn more about plan features including benefits, conditions and restrictions, refer to the Certificate of Insurance & Important Documents above.
Applicable changes appear on the next statement you receive after turning 66 years old.
To learn more about coverage including benefits, conditions and restrictions, refer to the Certificate of Insurance & Important Documents above.
Call 1-866-315-9069 weekdays 8 a.m. to 8 p.m. ET.
Address:
PO Box 7000
Kingston, ON
K7L 5V5
Connect with us
Enroll Online
Complete your request today:
Already Enrolled?
Please visit
- File a Claim
Check Claim Status
Monday to Friday 8 a.m. to 8 p.m. EST
1-866-315-90691-866-315-9069
Help with your financial goals
Financial Health Assessment Tool
TD Business Credit Protection
Get the coverage you need to help protect your business financially with TD Business Credit Protection.
Whether it’s with Business Credit Life Insurance or Business Credit Living Benefit Insurance, or both, you could have the outstanding balance on your business credit reduced or paid off if you experience a covered critical life event.
What is Business Credit Life Insurance?
Help protect the financial obligations of your business if you or someone essential to the business pass away or experience a covered accidental dismemberment.
Business Credit Life Insurance details
- Your outstanding balance of the insured authorized business credit products
- Interest owing
- Any surplus life benefit will be paid to your business
We offer competitive group rates, and lower rates are available for non-smokers3.
Protection for Your Business — Product Guide and Certificate of Insurance for Business Credit Life Insurance (Sample)
Quebec residents:
Protection for Your Business — Product Summary, Fact Sheet and Certificate of Insurance for Business Credit Life Insurance (Sample)
What is Business Credit Living Benefit Insurance?
If you find yourself unable to run your business due to a covered critical health event, this coverage could help pay towards the outstanding balance on your business credit.
Business Credit Living Benefit Insurance details
- Critical Illness coverage can pay up to $1,000,000, with a maximum of $500,000, towards revolving credit products1 if you are diagnosed with cancer (life-threatening), acute heart attack or stroke1
- Disability coverage can pay up to $3,000 per month for a maximum of 24 months per disability, up to an overall maximum of 48 months, if you become totally disabled1
Protection for Your Business — Product Guide and Certificate of Insurance for Business Credit Living Benefit Insurance (Sample)
Quebec residents:
Protection for your Business — Product Summary, Fact Sheet and Certificate of Insurance for Business Credit Living Benefit Insurance (Sample)
TD Business Credit Protection claims
TD Business Credit Protection FAQs
Eligible business credit products which can be insured include business loans (including business mortgages), TD Business Credit Cards, lines of credit and overdraft protection.
You can apply for Business Credit Life Insurance coverage if you are:
- A Canadian resident between the ages of 18–69 years old; and
- The owner or spouse of the owner of an unincorporated business
- A director or officer;
- Personal guarantor; or
- An essential person to the business
For residents in Quebec to be eligible to apply for this insurance, the proposed insured person must also meet the following eligibility criteria:
- Have a financial interest in the company as either:
- The owner of the business; or the personal guarantor of some or all of the business credit included in the Total Authorized Business Credit
To learn more about eligibility for Business Credit Life Insurance, refer to the respective Certificate of Insurance.
Eligible business credit products which can be insured include business loans (including business mortgages), TD Business Credit Cards, lines of credit and overdraft protection.
You can apply for Business Credit Living Benefit Insurance if you are:
- A Canadian resident between the ages of 18 and 55; and
- The owner a business;
- A personal guarantor of some or all of the debt included in the Total Authorized Business Credit;
- The spouse of the owner of the business (not applicable in Quebec);
- A director or officer of the business (not applicable in Quebec); or
- An employee (not applicable in Quebec) whose contributions are essential to the business and without whom the business would have difficulty operating
Additional eligibility criteria also includes:
- You must be Actively Working for wages or expectation of profit; or
- If you are a personal guarantor and you do not have an occupation or work for the business, you must be able to perform all six Activities of Daily Living.
For all proposed insured persons, you must not have applied for or received disability payments, benefits or disability pension from any source, in the 24 months prior to applying.
To learn more about eligibility for Business Credit Living Benefit Insurance, refer to the Certificate of Insurance.
The coverages have certain limitations and exclusions. Here are some examples of when a Business Credit Life Insurance benefit will not be paid:
- Death or accidental dismemberment results from the insured person’s commission of a criminal offence, including driving while intoxicated
- Death occurs during the first two years of your coverage, as the result of intentional self-inflicted injury, suicide or attempted suicide (if this happens, we will refund all premiums you’ve paid)
Here are some examples of when a Business Credit Living Benefit Insurance benefit will not be paid:
- The insured person’s critical illness or total disability occurs due to a pre-existing condition
- The insured person is diagnosed with or have investigations that lead to a diagnosis of Cancer (life-threatening), in the first 90 days after coverage starts. (Coverage will end and premiums paid will be refunded).
For complete details of coverage limitations and exclusions, please refer to the Business Credit Life Insurance or Business Credit Living Benefit Insurance Certificate of Insurance & Important Documents above.
Business Credit Life Insurance and/or Business Credit Living Benefit Insurance may end before your business credit is fully paid. Some examples of scenarios when coverage may end include:
- the insured person is no longer associated with the business, or no longer meets the ongoing eligibility requirements
- We are notified that authorized business credit has been transferred to another bank or financial institution
- the insured person dies
We will refund any premiums we may owe you after your coverage ends. You can cancel at any time. If you cancel your coverage within the first 30 days, any premiums paid will be refunded and coverage will be considered never to have been in force. If a claim is made within the first 30 days, a refund is not provided.
For complete details on when coverage ends, please refer to the Business Credit Life Insurance or Business Credit Living Benefit Insurance Certificate of Insurance & Important Documents above.
Depending on the coverage amount requested and your response to health questions, you may also be required to complete a health interview..
You can apply in branch or speak with your Small Business Account Manager.
- Death or accidental dismemberment results from the insured person’s commission of a criminal offence, including driving while intoxicated
- Death occurs during the first two years of your coverage, as the result of intentional self-inflicted injury, suicide or attempted suicide (if this happens, we will refund all premiums you’ve paid)
Here are some examples of when a Business Credit Living Benefit Insurance benefit will not be paid:
- The insured person’s critical illness or total disability occurs due to a pre-existing condition
- The insured person is diagnosed with or have investigations that lead to a diagnosis of Cancer (life-threatening), in the first 90 days after coverage starts. (Coverage will end and premiums paid will be refunded).
For complete details of coverage limitations and exclusions, please refer to the TD Business Credit Life Insurance or TD Business Credit Living Benefit Insurance Certificate of Insurance & Important Documents above.
- Age at billing date
- Smoking status
- Gender
Business Credit Life Insurance premiums are based on:
- The insured person’s premium rate
- The average of the daily life insurance coverage during the billing period
The cost of insurance will vary over time. Business Credit Life Insurance premiums, plus any applicable sales taxes, are calculated separately for each person insured under your Total Authorized Business Credit. Premium payments will be withdrawn automatically on the 15th calendar day of the month, or the next business day following the 15th, from the account indicated on the application.
To learn more about how to calculate your premiums and to see the premium rate table with examples, refer to the Business Credit Life Insurance Certificate of Insurance & Important Documents above.
- Age at billing date
- Smoking status
- Gender
Business Credit Living Benefit Insurance premiums are based on:
- The insured person’s premium rate
- The average daily business credit outstanding balance during the billing period, subject to the coverage maximum
Business Credit Living Benefit Insurance premiums, plus any applicable sales taxes, are calculated separately for each insured person under your Total Authorized Business Credit. Premium payments will be withdrawn automatically on the 15th calendar day of the month, or the next business day from the account indicated on the application.
To learn more about how to calculate your premiums and to see the premium rate table with examples, refer to the Business Credit Living Benefit Insurance Certificate of Insurance & Important Documents above.
TD Protection Plans Advice & Tips
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Do you need business credit protection?
Discover how to help protect your business loan if you’re unable to meet your financial obligations.
-
Business Credit Insurance and Unexpected Health Risks
Discover how to help protect your business loan if you’re unable to meet your financial obligations.
Book an appointment
