Small Business

You put everything into your business. That makes it a primary source of financial security for you, your family and your employees.

With Business Credit Life Insurance¹ you can help make sure the financial obligations of your business are met should someone important to the success of the business die or suffer a covered accidental dismemberment.

Affordable protection that takes care of business

Business Credit Life Insurance provides life and accidental dismemberment protection – and can pay a benefit equal to the balances on your eligible reducing credit products, plus the limits on your eligible revolving credit products², up to $1 million per Insured Person.

Access to Best Doctors^®

This automatic benefit for coverage of $25,000 or more can connect you to world-renowned medical specialists to confirm a diagnosis and treatment recommendations.

Competitive group rates

Business Credit Life Insurance has competitive group rates, and lower rates are available for non-smokers. The monthly premium rates are calculated per $1,000 of coverage. View monthly premium rates.

How your premiums are calculated

To calculate the monthly premium for each Insured Person, find the rate that applies to him or her in the rate table and multiply it by the average amount of coverage during the month, then divide the answer by 1,000.

Example:

For a male non-smoker³, aged 35, whose business has a loan with an average balance for the month of $47,500 with an equal amount of coverage, the premium is:
$0.12 x $47,500 ÷ 1,000 = $5.70/month plus applicable provincial sales tax.

Protect what’s important today.

For more information, please call 1-888-983-7070 or visit your local TD Canada Trust Branch.

The Certificate of Insurance below contains a complete list of benefits, eligibility, exclusions and limitations:

• Protection for your business – Product Guide and Certificate of Insurance (October 2016)
• Quebec Residents: Please also refer to the Distribution Guide:Protection for your business – Distribution Guide and Certificate of Insurance (October 2016)

Note: This is the current Product Guide/Distribution Guide and Certificate of Insurance in use by TD Bank. For a copy of a certificate prior to the effective dates above or if you have any questions regarding Business Credit Life Insurance, please call one of our knowledgeable representatives, toll-free, at 1-888-983-7070 Monday to Friday, 8 am to 8 pm ET. Or, visit your TD Canada Trust branch.

Related Topics:

BestDoctors

¹ Business Credit Life Insurance provides group life coverage, underwritten by Sun Life Assurance Company of Canada and accidental dismemberment coverage, underwritten by TD Life Insurance Company. Complete details of benefits, exclusions and limitations are contained in the Certificate of Insurance.

² At The Toronto-Dominion Bank.

³ To be eligible for non-smoker rates, the Insured Person must not have smoked or used any substance or product containing tobacco, nicotine or marijuana within the 12 months of the effective date of coverage. If the Insured Person told us that he/she was a smoker and it has been 12 months or more since he/she last smoked or used any substance or product containing tobacco, nicotine or marijuana, he/she can apply for non-smoker rates by completing a Business Credit Life Insurance Notification of Change Form.

⁴ Available to all Insured Persons with at least $25,000 coverage and their spouse as well as to their dependent children who are under the age of 21, or under 25 and attending college or university full time.

^® Best Doctors and the Star-In-Cross logo are trademarks or registered trademarks of Best Doctors, Inc. in the United States, Canada, and other countries and licensed to Best Doctors.