Loan Life and Disability Insurance

While most individuals want to pay down their outstanding loans as quickly as possible, the unexpected can happen. TD Loan Life and Disability Insurance can provide flexible protection for your loan obligations at a price you can afford. Loan Life Insurance will be utilized if you die or suffer a covered accidental loss, the outstanding balance of your covered personal loans and any interest charged can be paid in full, to a maximum of $250,000. Neither your family nor your estate would have the financial burden of paying off your loans.

With Loan Disability Insurance, which can be added to your Loan Life Insurance, if you become Totally Disabled1, your regular monthly loan payments can continue to be made for you, to a maximum of $2,000 per month. You are insured until you are no longer Totally Disabled, your covered loans have been paid in full, or you received benefits for five consecutive years. It has affordable coverage as Loan Life and Disability Insurance have special group rates. For additional comfort, you can extend the coverage to an unlimited number of co-borrowers and/or guarantors. If more than one person is insured for Loan Life and Disability, a 15% discount will be applied to the sum of the individual premiums.

Visit this link: http://tdcanadatrust.com

TD's earliest predecessor, The Bank of Toronto, was founded in 1855 in Toronto, Canada, by a group of Ontario flour millers and grain dealers. Rooted in Canada's emerging grain industry, the new bank provided essential banking, insurance and commodity exchange services. As the bank's business grew, a three person staff began developing a provincial branch network and expanded outside Ontario, to Montreal in 1860.

The Dominion Bank is inspired by the prosperity and optimism following Canada's founding in 1867, a group of professionals, industrialists and financiers raised funds to create a new financial institution. Eager to help the young country finance important nation-building projects, the Canadian Parliament issued a charter to The Dominion Bank in 1869. Opening its first branch in 1871, The Dominion Bank kept pace with The Bank of Toronto in extending its service to customers and communities across central Canada.

Canada's Western opened to development in the 1880s. The banks began extending loans to the resource, utilities and manufacturing sectors. The Dominion Bank made the first move west, opening in Winnipeg, Manitoba in 1897, and two years later the Bank of Toronto opened a branch in the British Columbia mining town of Rossland.

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My only experience with TD Life insurance is because I have a credit card and a bank account with them. They called me up pitch me on their life insurance policies.



The problem is the telemarketer said they have a 30 day cancellation period if you don't want the life insurance. In a weak moment, I said yes, I'll take the policy. However, I never cancelled it after 30 days. They must realize that a percentage of people forget about the policy and don't cancel.