Misconception #3: I don't see the point in insurance because I'll figure out a way to cover the expenses if something happens to me.
This may very well be true, depending on your financial situation and standard of living. Only you can calculate the risks and decide if you need any additional financial protection. TD Mortgage Protection is an optional creditor's insurance that may help you feel more financially confident and better equipped to plan for your future. An unexpected covered health event could impact your income and without TD Mortgage Protection, you may need to use your savings, adjust retirement or other financial goals, or even sell your home to cover your mortgage payments. The TD Protection Plan Assessment Tool can help you understand how a covered health event could impact your household finances and whether TD Mortgage Protection is the right choice for you.