Skip to content

Small Business

Business Credit Life Insurance


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.


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:

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:


Get a quote

Get the protection
you need for your business

Call 1-888-983-7070 or

visit your TD Canada Trust Branch