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Why choose the TD Critical Illness Recovery Plan?

A serious illness could set you back financially. The TD Critical Illness Recovery Plan can help financially support you while you recover from a covered critical illness.

If you’re diagnosed with a life-threatening-cancer, or you suffer a stroke or a heart attack, you could receive a tax-free lump-sum payment to use however you choose.

Highlights and Benefits of the TD Critical Illness Recovery Plan

  • Tax-free lump sum

    A benefit of up to $100,000 upon an approved claim for life-threatening cancer, heart attack or stroke.

  • Range of benefits

    Choose from a set of benefits ranging from $10,000 to $100,000.

  • Premiums start as low as $9.95 per month1

    While designed to be affordable, premiums are based on factors such as your age, sex at birth, smoking status, and health.

  • 30-day review period

    You have 30 days from your effective date noted in your Insurance Policy to review your policy and if you choose to cancel it during this period, any premiums you may have paid will be refunded.

Eligibility for the TD Critical Illness Recovery Plan

 

The TD Critical Illness Recovery Plan is open to customers who meet the following criteria:

  1. A Canadian citizen at the time of application2

  2. From age 18 to 54 on the Insured Person’s Effective Date

  3. Must never have been diagnosed with life threatening cancer, a heart attack or stroke, and

  4. Must never have been under investigation for, consulted for or had symptoms for having cancer, a heart attack or a stroke within the last 6 month prior to the effective date.

What’s not covered?

 

Here is an example of when an insurance benefit will not be paid

  • If you are diagnosed with, or you’re under investigation and it leads a diagnosis of life-threatening cancer, within 90 days of the effective date or the last reinstatement date

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

How much does the TD Critical Illness Recovery Plan cost?

 

Monthly premiums are based on your age, sex at birth, smoking status, and health at the time of your application.

Example of monthly premiums

 

As an example, for a male non-smoker in good health, the monthly premiums for $50,000 of coverage would be as follows1.

Age

Monthly premium for the first 10 years of coverage

25

$14

30

$16

35

$19

40

$28

45

$42

The monthly premiums are fixed for a 10-year period. The premium will increase after the 10-year period.

Ready to apply for the TD Critical Illness Recovery Plan?

  • Call us for a quote

    Get a quote or apply for the TD Critical Illness Recovery Plan over the phone.

    Call 1-888-788-0839

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

  • Have us call you

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

Frequently asked questions

 

1. What does the TD Critical Illness Recovery Plan cover?

Our plan provides coverage for life-threatening cancer, heart attack, and stroke.

2. What benefits does the TD Critical Illness Recovery Plan offer?

The TD Critical Illness Recovery Plan provides a lump sum payment for you to use however you choose, should you be diagnosed with life-threatening cancer, or suffer a heart attack or a stroke.

You could also use the lump sum payment for treatment or recovery costs or to replace your income if you are unable to work.

3. How much Critical Illness 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 to support you financially while you recover from a Critical Illness that's covered in your insurance certificate. 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 1-888-788-0839 from Monday to Friday: 8 a.m. to 10 p.m. and Saturday 10 a.m. to 6 p.m. EST

4. Does Critical Illness Insurance cover accidents?

Our Critical Illness Recovery Plan covers only the critical illnesses specified in the policy documents and stated below:

  • life-threatening cancer,
  • heart attack or
  • Stroke.

For more information on covered illnesses and exclusions, see the Sample Insurance Policy.

5. Are there any exclusions to the coverage?

There are some situations where a benefit won't be paid, including but not limited to self-inflicted injuries, suicide, criminal activity, and the use of illegal drugs or substances.

Learn more about Critical Illness Insurance Plan

TD Critical Illness Recovery Plan is an individual insurance plan underwritten by TD Life Insurance Company and distributed by TD Assurance Agency Inc.

1 The premium shown is for illustration purposes only. Your actual premium will depend on your application.

2 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). 

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