TD Mortgage Protection may help Canadian homeowners during uncertain times

For most new Canadians, establishing yourself in your new country is the most important goal. Finding your footing, getting to know and adapt to the culture, and working through a language barrier can be difficult, all while getting used to a new financial and credit system. Many of you want to invest in your first home, or in real estate in general, as a big part of this process.

Finding the right financial institution who is invested in your success, especially during times where the economy is shifting, is key for all Canadians, newcomers and otherwise. It’s a feeling that many newcomers have expressed after encountering challenges in establishing credit, securing loans, applying for mortgages, and getting insurance.

A 2022 TD survey confirmed just how valuable homes are to their owners, with 49% seeing their home as their most important asset. When times are uncertain, insurance products may help protect our most valuable assets, like our home. TD Mortgage Protection can help you and your loved ones stay in your home in case you experience a covered health event.

Should you pass away or suffer a covered terminal illness or accidental dismemberment, TD Mortgage Life Insurance could pay up to $1,000,000 towards your outstanding TD Mortgage balance. As an enhancement, you can also apply for TD Mortgage Critical Illness Insurance which can pay up to $1,000,000 if you’re diagnosed with a covered critical illness, such as a heart attack or stroke.

These credit protection options can give families the ability to focus their energy, should they have to, where it’s best served: on a healthy recovery.

To see how our optional credit protection coverage can help protect you and your family, use the TD Protection Plans Assessment Tool.

For more information on TD Protection Plans, visit the TD Protection Plans page, or call 1-888-983-7070