Bmo credit line insurance

Your TD Canada Trust Line of Credit is one of your most flexible cash management tools. Line of Credit Life Insurance 1 can help protect your family from outstanding TD Canada Trust Line of Credit debt - one less thing to worry about in your overall financial plan.

Certain limitations and exclusions apply. You can find the details in your Certificate of Insurance.

The cost of your Line of Credit Critical Illness and Life Insurance is based on your age at billing and your average Line of Credit balance, including any fixed-rate portions and number of days in the billing period. Plus, on the premium for the average balance portion that exceeds $75,000, you'll receive a 20% discountcall this a Tier Discountpay only for the coverage you need.
If you choose to insure more than one customer, you will receive a 15% discount on the total of your individual premiums.

Find the rate that applies to your age in the table below. Then multiply this rate by the average balance of your Line of Credit during the insurance billing period and divide by 1,000.

If applicable, apply discounts mentioned above and provincial sales taxes.

The examples below provide an overview of premium calculation. Premium cost will be adjusted based on the number of days in a billing period. You can find the details in your certificate of insurance.

If you are 34 years old and your spouse is 32, and your

average monthly balance on your line of credit is $20,000, then

your monthly insurance cost would be calculated as follows:

* For Critical Illness coverage, available for renewals only.

Your premiums are calculated automatically, based on your outstanding fixed and/or revolving line of credit balance, and will appear on your line of credit statement.

If you are applying for a new line of credit, you need to answer only a few health questions to complete the application for Line of Credit Critical Illness and Life Insurance.

To apply for coverage, you must complete and submit an Applicationcan also apply for coverage anytime through a TD Canada Trust branch.

You can also visit your local TD Canada Trust branch for more details and to apply.

Line of Credit Critical Illness and Life Insurance comes with a satisfaction guarantee. If you are dissatisfied with Line of Credit Critical Illness and Life Insurance for any reason, you may cancel your coverage within the first 30 days for a full refund of premiums paid and coverage will be considered never to have been in force.

The Certificate of Insurance below contains a complete list of benefits, eligibility, exclusions and limitations:

Note: This is the current Product Guide/Distribution Guide and Certificate of Insurance in use by TD Bank. For a copy of a certificate prior to the effective dates above or if you have any questions regarding Line of Credit Critical Illness and Life Insurance, please call one of our knowledgeable representatives, toll-free, at 1-888-983-7070 Monday to Friday, 8 am to 8 pm ET. Or, visit your TD Canada Trust branch.

1 Line of Credit Critical Illness and Life Insurance provides life, accidental dismemberment and optional critical illness coverage. Optional Critical Illness Insurance is available to those who qualify for Line of Credit Life Insurance. Accidental Dismemberment coverage is underwritten by TD Life Insurance Company. All other coverages are underwritten by The Canada Life Assurance Company. TD Life Insurance Company is the authorized administrator for this insurance. Defined terms and complete details of insurer and/or administrator, as well as all benefits, limitations and exclusions are contained in the Certificate of Insurance.

Related Posts

Bmo mastercard insurance canada

® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademark...

Bmo travel accident insurance

This insurance plan is subject to a maximum benefit of $20,000 if you do not have valid govern...

Bmw 3 series insurance cost

I am a college freshman and I am planning to buy an used BMW 335i Coupe( under around 29,000 ...

Bmw f800gs insurance group

These bikes are nearly new and like all GS BMWs hold their value well. Factory extras can make...

Bnz global plus insurance travel

Lending criteria, terms and fees apply. Rates and fees are subject to change. Fly Buys ...

Bnz life insurance limited

We strongly recommend that you check the Safe Travel website to confirm your travel destinatio...

Boat insurance commercial use

New Jersey has more than its share of beautiful boating opportunities. Whether you’re fishin...

Boat insurance quotes

RACV Boat Insurance Product Disclosure Statement and Policy Booklet for policies with a start ...

Boat insurance requirements texas

Whether the boat is new or used, make sure your insurance is in force before you accept legal ...

Boat insurance rochester

Hi, my name is Craig Brown. I have been working with GEICO since 1999 and have been serving as...

Boat insurance woodbridge

YP - The Real Yellow Pages SM - helps you find the right local businesses to meet your specifi...

Boat us insurance salvage

If you are looking to participate in Florida boat auctions. you have come to ...