TD Permanent Life Insurance

Features:

The insurance coverage period is for 10 years
The coverage amount is from $50,000 to $10 million
Available for applicants between the ages of 18 years and 6 months before their 70th birthday
Guaranteed level premium. That means your monthly or annual premium rate will not change during a policy term, which is 10 years.
Automatic renewal after every 10 years without any medical underwriting until age 80
Ability to convert your plan to permanent life insurance any time before you turn 69
Preferred rates available
Save up to 10% on your premiums if you are already a TD customer
Save up to 5% on your premiums if you or your spouse have graduated from an eligible Canadian college or university or are a member of an eligible professional association.

Permanent Life Insurance

As you may guess, this life insurance plan has no end date, provided you pay your premiums. Several permanent life insurance policies also accrue cash value, but not the plan offered by TD life insurance company.

TD Guaranteed Acceptance Life Insurance

Getting coverage when you have a serious health condition can be difficult. But that is not the case with TD Insurance. TD Guaranteed Acceptance Life Insurance guarantees protection regardless of your health if you meet the age criterion. To demonstrate your eligibility, you won’t need to have a physical or respond to intrusive health inquiries.

The coverage amount, however, is small — but that is not surprising. Guaranteed Acceptance Life Insurance is there to help you pay off your end-of-life expenses rather than help you leave an inheritance to your loved ones.