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Why choose the TD Accidental Death Insurance Plan?

The TD Accidental Death Insurance Plan could help support your family financially in the event of your death due to a covered accident. 

If you are eligible, your enrollment is guaranteed with no medical or health questions asked so long as you are eligible to enroll. Premiums start from $5.00 per month, plus applicable taxes2.

You can purchase this plan to help supplement existing life insurance coverage you may already have through another insurance company, or employee benefits plan.

Highlights and benefits of the TD Accidental Death Insurance Plan

  • Tax-free lump sum payment

    Your beneficiaries could receive a tax-free lump-sum payment ranging from $50,000 to $250,000 to use however they choose, should you pass away due to a covered accident.

  • Doubled benefits 

    Benefits are doubled, up to $500,000, if the covered accidental death happens while you are travelling on a common carrier, such as an airplane1.

  • Premiums start as low as $5.00 per month

    Premiums start from $5.00 per month plus tax2, and TD will pay your first month’s premium.

  • Family coverage

    You can choose to enroll your spouse and dependent child or children, under the same plan1.

  • Automatic anniversary bonus

    Each year you keep your coverage, your Accidental Death Insurance coverage increases by 1% of the original coverage issued (up to $2,500).

  • Hospital stays3

    Coverage includes a daily hospital indemnity benefit, up to a total of $18,250.

  • Guaranteed acceptance

    Your enrollment is guaranteed with no medical or health questions required so long as you are eligible to enroll.

  • 30-day review period

    You have 30 days from the date your insurance certificate is issued to review your certificate and if you choose to cancel it during this period, any premiums you may have paid will be refunded.

Eligibility for the TD Accidental Death Insurance Plan

 

Our TD Accidental Death Insurance Plan is exclusive to TD Customers who are Canadian residents4. Eligible parties include:

  1. Customers between the ages of 18 and 65

  2. Spouses between the ages of 18 and 65

  3. Dependent child or children1

Coverage

Benefit paid

Daily hospital indemnity benefit for hospital stays due to injury caused directly by an accident

up to $18,250 total

Death caused directly by a covered accident, independently of any other causes and which occurs within 365 days of that accident. 

$50,000 to $250,000 

Double the coverage if covered accidental death happens while you are travelling on an eligible common carrier, such as an airplane1.

Double the coverage up to $500,000

What’s not covered?

 

Here are some examples of when an insurance benefit will not be paid:

  • Accidental death is a result of bodily or mental infirmity or disease of any kind.
  • Accidental death is a result of or while committing or attempting to commit a criminal offence.
  • Accidental death is caused directly or indirectly by the use of any drug, poisonous substance, intoxicant or narcotic, unless taken according to the instruction of your physician.

        Please refer to our Sample Insurance Certificate for defined terms and a full description of features, benefits, limitations and exclusions.

How much does the TD Accidental Death Insurance Plan cost?

Coverage starts at $5.00 per month (plus applicable taxes), as shown in the examples below2.
Include a Child rider for only $1.00 per month (plus applicable taxes)5.
Premiums are fixed for the duration of coverage unless they change for all Insured Persons under the Policy.

Table Chart1

Coverage Amount

Single Premium (plus applicable taxes)

Joint Premium (plus applicable taxes)

$50,000

$5 per month

$10 per month

$100,000

$10 per month

$15 per month

$150,000

$15 per month

$20 per month

$200,000

$20 per month

$25 per month

$250,000

$25 per month

$30 per month

Ready to enroll in the TD Accidental Death Insurance Plan?

  • Enroll online

    Get a quote and enroll online. Plus, no medical or health questions are required for you enroll. 

    Get a quote

  • Talk to us by phone

    Speak to one of our TD Insurance licensed advisors who can guide you through your options.

    Call 1-888-788-0839

    Mon-Fri: 8 a.m. to 10 p.m. EST
    Sat: 10 a.m. to 6 p.m. EST

Frequently asked questions

 

1. What qualifies as accidental death under the TD Accidental Death Insurance Plan?

A death caused by a bodily injury that occurs solely as a direct result of a violent, sudden and unexpected action from an outside source to an Insured Person and which occurs within 365 days of that accident could qualify under the TD Accidental Death Insurance Plan.

2. Who can I put as my beneficiary?

As the policy owner, you can choose the beneficiary. If a beneficiary is not chosen, the benefit will be paid to your estate.

3. How much is the benefit paid on a covered accidental death for the TD Accidental Death Insurance Plan?

The amount your beneficiary(ies) could receive ranges from $50,000 to $250,000, based on the coverage you select.

Benefits are doubled up to $500,000 if the covered accidental death happens while you are travelling on a common carrier, such as an airplane.

For defined terms, limitations and exclusions, refer to the Insurance Certificate.

4. How much Accidental Death Insurance do I need?

The amount of coverage you need depends on your specific circumstances. A first step you can take to find out how much coverage you need is to determine how much money your loved ones would need if you were to pass away. You can consider factors such as:

  • Lost income
  • Outstanding loans and debts
  • Your children’s education costs and
  • Your family’s lifestyle.

Or you could speak to one of our TD Insurance licensed advisors who can guide you through your option by calling at 1-888-788-0839 from Monday to Friday 8 a.m. to 10 p.m. and Saturday, 10 a.m. to 6 p.m

 

Learn more about Accidental Death Insurance

  • Accidental Death Insurance

    Learn how this coverage option can help provide financial support to your loved ones, should you pass away from injuries caused by a covered accident.

TD Accidental Death Insurance Plan is a group insurance plan underwritten by TD Life Insurance Company and is distributed by TD Assurance Agency Inc.

1 For defined terms, limitations and exclusions, refer to the applicable Insurance Certificate or Policy.

2 The example premium shown is for illustration only. Your actual premium will depend on the your application.

3 For further details on covered Hospital Stays, please review the Insurance Certificate.

4 A Canadian resident is any person who is legally entitled to remain in Canada for at least the next one year; and has been a resident in Canada for 183 of the past 365 days (days do not need to be consecutive). 

5 The child rider provides coverage of up to $5,000 per dependent child. See the Insurance Certificate for the definition of dependent child(ren).

Mailing Address:
TD Life Insurance Company
P.O. Box 1 TD Centre
Toronto, Ontario M5K 1A2