Protect Yourself With TD Mortgage Critical Illness and Life InsuranceFriday, July 31, 2015
Currently, our home is our greatest asset. We were fortunate enough to purchase a house in such a fabulous neighbourhood when we did because the demand has since sky rocketed, as well as property values. We have been living in our home for exactly ten years and we continue to have real estate agents inquire if we are interested in selling. Given that the house was a fixer-upper when we bought it, we have invested a lot of time and money in making our house a home. Thus, I have no intention of selling it anytime soon. It would be great, though, if we could eliminate our mortgage. Unfortunately, we still have a ways to go and I have reluctantly learned to accept that fact.
|Major renos included the addition of a deck in our backyard.|
Of all the concerns and questions that arise when I think about the future, one of the last things I'd want to worry about is what would happen to our mortgage in the event that we were faced with the unexpected. Nobody wants to think about how our lives would be affected by a critical illness but I feel there comes a point in one's life when we need to consider the possibility. This is why I have teamed up with TD Canada to share important information about #InsuranceThatFits.
Did you know?
One out of every two men and one in two women in Canada will be diagnosed with cancer, heart attack or stroke.1 Since these three Critical Illnesses are the most common, occurring across all ages amongst Canadians, TD offers a Mortgage Critical Illness Insurance in conjunction with TD Mortgage Life Insurance. TD Mortgage Critical Illness Insurance can provide a lump sum of up to $500,000 to cover your TD mortgage should you receive a life threatening Cancer diagnosis or suffer an Acute Heart Attack or Stroke. This means that you can focus on treatment and recovery without the worry of maintaining mortgage payments. It is available only with TD Mortgage Life insurance, which insures your mortgage in the event of death. By bundling these two forms of personal protection, TD can provide you with vital insurance coverage at affordable premiums.
Convenient coverage + competitive rates = peace of mind
The cost of Mortgage Critical Illness Insurance is determined by your age when you apply and the amount of your mortgage. The good news is that your premiums will not increase as you get older. They are included as part of your regular mortgage payment and will be converted to the same payment frequency as your mortgage payment.
While I will never be fully prepared for what life-changing challenges may lie ahead, I am definitely going to set aside some time to re-evaluate our family's priorities and our insurance needs. By protecting my family's financial security, I can enjoy all of life's wondrous moments even more.
Disclosure: This post was sponsored by TD Insurance as part of the #InsuranceThatFits blogger program. The opinions on this blog, as always, are my own.