Protection for your financial obligations

What is TD Line of Credit Protection?

This optional coverage offers Line of Credit Critical Illness and Life Insurance, or Line of Credit Life Insurance that can pay towards the outstanding balance on your line of credit if you experience an unexpected covered event.

Whether you’re single or have a partner or a family to care for, planning ahead with TD Line of Credit Protection can help you feel financially confident.


TD Line of Credit Protection details

Should you pass away or suffer a covered accidental dismemberment1, Line of Credit Life Insurance can pay up to $1,000,0002 towards:

  1. Your unpaid line of credit balance less any arrears

  2. Interest owing

  3. Discharge or penalty fees

As an enhancement, you can also apply for Line of Credit Critical Illness Insurance which can pay up to $1,000,0002 if you are diagnosed with cancer (life-threatening), acute heart attack or stroke1.


Refer to the Protection for Your Line of Credit booklet for insurer information and complete terms and conditions, including eligibility requirements, benefits, features, limitations and exclusions.

For TD Home Equity FlexLines:
Protection for Your Line of Credit — TD Home Equity FlexLine - Product Guide and Certificate of Insurance (Sample)

For Personal Lines of Credit:
Protection for Your Line of Credit — Personal Line of Credit – Product Guide and Certificate of Insurance (Sample)

Quebec residents:

For TD Home Equity FlexLines:
Protection for Your Line of Credit — TD Home Equity FlexLine - Product Summary, Fact Sheet and Certificate of Insurance (Sample)

For Personal Lines of Credit:
Protection for Your Line of Credit — Personal Line of Credit – Product Summary, Fact Sheet and Certificate of Insurance (Sample)


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TD Line of Credit Protection claims

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TD Line of Credit Protection FAQs

Learn more important information with these frequently asked questions and answers.


Line of Credit Critical Illness and Life Insurance or Line of Credit Life Insurance are optional creditor’s group insurance coverages for TD line of credit borrowers.

You can apply for this insurance if you are:

  • A Canadian resident; and either
  • 18–69 years old, for Life Insurance; or
  • 18–55 years old, for Critical Illness Insurance


To learn more about eligibility, limitations or exclusions, refer to our Certificate of Insurance & Important Documents above.


The first step is to complete the application, which includes selecting your coverage and answering up to a maximum of four health-related questions. Depending on the coverage amount requested and your responses to health questions on the application, you may also be required to complete a health interview.

You can apply onlinein branch or call us at 1-888-983-7070.


For Life Insurance, coverage starts on the date you apply for coverage, if:

  • The coverage is $50,000 or less; or
  • You answer “No” to health questions 1–3 on the application


For Critical Illness Insurance, coverage starts on the date you apply for coverage if:

  • You answer “No” to all health questions on the application
  • The amount of total requested coverage, including any existing coverage, is $500,000 or less


If you answer “Yes” to any of the health questions on the application or the total requested coverage, including any existing coverage, is greater than $500,000, you will need to complete a separate health questionnaire.

If further health information is needed, you’ll be contacted by phone to complete a health interview. Typically, the average wait time to be contacted is within 2–3 business days. A written decision on your coverage approval status will be mailed to you.

To learn more about coverage including benefits, conditions and restrictions and exclusions, refer to the Certificate of Insurance & Important Documents above.


Line of Credit Critical Illness and Life Insurance or Line of Credit Life Insurance may end before your line of credit is fully paid. Some examples of scenarios when coverage may end include:

  • You are no longer a borrower on the line of credit.
  • We pay a Life Insurance benefit to your line of credit.
  • You have accumulated a total of 3 months of unpaid premiums.
  • You die.
  • Line of Credit Critical Illness Insurance will end on the date your Line of Credit Life Insurance ends.

We will refund any premiums we may owe you after your coverage ends. You can cancel at any time. If you cancel your coverage within the first 30 days, any premiums paid will be refunded and coverage will be considered never to have been in force. If a claim is made within the first 30 days, a refund is not provided.

For complete details on when coverage ends, refer to the Certificate of Insurance & Important Documents above.


Depending on your line of credit limit, you could qualify for partial coverage which allows you to customize your coverage to fit your budget and insurance needs. It also allows you to select a percentage to insure, from $300,000 to $1,000,000.

If the total of all your insured assets exceeds the coverage maximum of $1,000,000, we may offer you partial coverage.

At the time of an approved claim, the percentage is applied to the outstanding balance on your line of credit.

To learn more about partial coverage options and to see examples, refer to the Certificate of Insurance & Important Documents above.


Your premium may fluctuate monthly and will be based on your age and average balance at time of billing. If you don’t carry a balance on your revolving portion during the month, you won’t pay any premiums for that portion. If you have a term portion, your premium will be based on your age and balance at the start of the term and will remain fixed for the duration of your term.

TD Line of Credit Protection offers a multi-insured discount. If more than one person becomes insured for the same coverage on the same line of credit, a 20% discount is applied to each of the individual premiums.

A premium rate reduction will apply to the cost of the insurance for average insured balances of your line of credit as follows:  

For Personal Lines of Credit:

  • A 10% premium rate reduction for amounts between $25,000 and $75,000
  • A 25% premium rate reduction for amounts between $75,000 and $1,000,000

For TD Home Equity FlexLines:

  • A 15% premium rate reduction for amounts between $150,000 and $500,000
  • A 35% premium rate reduction for amounts between $500,000 and $1,000,000

To learn more about how premiums are calculated and to see the premium rate table, refer to the Certificate of Insurance & Important Documents above.


The coverages have certain limitations and exclusions. Here are some examples of when an insurance benefit will not be paid:

  • If you are diagnosed with cancer (life-threatening) in the first 90 days after coverage starts, your Critical Illness Insurance coverage will be terminated and premiums will be refunded
  • If you are diagnosed with a covered condition within 24 months of your coverage start date and the diagnosis is related to a pre-existing condition
  • If your loss is a result of intentional self-inflicted injury, suicide or attempted suicide


For complete details of coverage limitations and exclusions, please refer to the Certificate of Insurance & Important Documents above.


If you have questions about your existing coverage or want to cancel your coverage, contact us at 1-888-983-7070.


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