Life Insurance

Protect your family's financial future

Life insurance is one of the most important parts of a financial plan – providing cash to your loved ones to cover things like living expenses, mortgages and putting kids through college.

We make it easy to get covered with the right policy for you.

Term life generally provides the most coverage for the least amount of money and lasts for a limited number of years.

Whole life has a higher premium but has cash value and can last your entire lifetime.

Single premium life provides for tax-efficient wealth transfer of your assets for your beneficiaries.


Life insurance choices to fit your life

Term Life

Life insurance choices to fit your life item 1
Common Purchase Ages
21–65
Typically Used for
Income replacement for a specific period of time
Life Stage
Graduation
Marriage
Home purchase
Birth/adoption
Length of Protection
10, 15, 20, 25 or 30 years
Typical Coverage
$50,000 to $250,000
Cost-Benefit Balance
Lower premiums than other life insurance options
Medical Exam
No1
How to Apply

Whole Life

Life insurance choices to fit your life item 2
Common Purchase Ages
35–65
Typically Used for
Permanent coverage with a cash value account
Life Stage
Job promotion
Second home
Retirement planning
Length of Protection
Lifetime
Typical Coverage
$25,000 to $500,000
Cost-Benefit Balance
Higher premiums build cash value
Medical Exam
No1
How to Apply

Single Premium Life

Life insurance choices to fit your life item 3
Common Purchase Ages
50–85
Typically Used for
Wealth transfer with tax advantages
Life Stage
Planning your legacy
Covering final expenses
Length of Protection
Lifetime
Typical Coverage
$25,000 to $1 million
Cost-Benefit Balance
Tax-efficient wealth transfer of your assets to your beneficiaries
Medical Exam
No1
How to Apply

Related investing and financial information

Term Life Insurance 101

A low-cost and effective way to create or preserve an estate – explore the cost and amount of coverage you'll need

Retirement and Wealth Planning

Explore our holistic and team-based approach that's focused on your goals, objectives and future dreams

Annuities

Discover how annuities can help you protect your assets and reach your personal financial goals for retirement

Explore your options

In person

Call a TD Bank near you to schedule an appointment with a local Financial Services Representative to talk about the right life insurance coverage for you

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Investment Products and Insurance:
Not FDIC Insured
Not a Bank Deposit
Not Insured by any Federal Government Agency
No Bank Guarantee
May Lose Value

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