Protect Yourself With TD Mortgage Critical Illness and Life Insurance | Toronto Teacher Mom

Protect Yourself With TD Mortgage Critical Illness and Life Insurance

Friday, 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. 

TD Home #InsuranceThatFits
Major renos included the addition of a deck in our backyard.
What I'm having a hard time coping with, however, is the undeniable reality that my husband and I aren't getting any younger. I mean, I know I look like I'm still in my twenties but I'm much closer to 40 than you would think. In all seriousness, though, there have been many sobering moments in recent years that have given me pause for thought. For example, my father has suffered two heart attacks and has undergone several angioplasties. With his most recent heart attack, the doctors had discovered that he had a blockage of 98% and that his heart had miraculously created its own bypass. And a few months ago, an old friend from school lost her battle with cancer. I can't help but question what I would do if it had been my husband who had had a heart attack. Or what if it had been me that was diagnosed with a terminal cancer?

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.

TD Home #InsuranceThatFits our garden

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. 

1. Canadian Cancer Society. 2013
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.

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  1. Sorry to hear about your father. We have to face the fact that things can happen and we need to be well protected. If I was you I would not sell soon either. You invested so much in your home.

    1. Thanks, Hélène. That's the tough part about growing up. We have many more responsibilities and more things to worry about. Which is why I'm glad we have insurance.

  2. You never know what might happen. It's always good to be prepared!

  3. I believe having the critical illness life insurance is vital. We had a friend who was critically ill for 3 years and financially he would have been devasted if not for this kind of insurance. Everyone always thinks it won't happen to me but we can not see into the future and you need coverage for yourself and your family.

    1. Three years? That's such a long time. Glad he had insurance and one less thing to worry about. Hope all is well!

  4. That something I have to get once I'm legally separated I don't have any


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