If the diamond from my engagement ring falls out, I have insurance to replace it. If someone crashes into my car, I have insurance to fix it. If I get sick in another country, my supplemental travel insurance covers doctor’s visits, medication and hospital stays. When my dining room ceiling began to leak a couple of months ago thanks to a blockage in my second-floor laundry pipes, my home insurance through TD covered the thousands of dollars in resulting damages.
I know you feel good today. Great, even. So do I. And I hope we both feel this good for a long, long time. But the reality is that my husband or I could get sick tomorrow, and I’m not even sure if we’re prepared.
We’ve got some savings set aside, but nowhere near the six months that financial experts recommend (they have no idea what my grand lifestyle costs for six whole months!). We have oodles of life insurance, but that’s only helpful if one of us—God forbid—kicks the bucket.
But what about cancer? Cancer runs on both sides of our immediate families. Breast cancer, bone cancer, leukemia. What do we do if one of us gets cancer and can’t work? We could survive on my husband’s pay cheque, but not on mine. I only work three days a week. And if I increased it to five, there would be additional day care costs that would conceivably wipe out any of those gains anyway.
It’s quite a conundrum. And one I hadn’t really thought through until I learned about TD Mortgage Critical Illness Insurance.
More insurance, you say? Yes.
But I’m a big believer in insurance because I’ve had to use it on so many occasions (my car has been broken into at least three times since I got my first vehicle in 1998, and I’ve had two bags stolen while travelling). I don’t leave a lot to chance. I like security. It makes me feel warm and cozy in my otherwise very frenetic world.
Unlike my trusty life insurance, TD Mortgage Critical Illness Insurance provides a benefit you receive while you are still alive! Let’s say you get a life-threatening cancer, have an acute heart attack or suffer a stroke. You may be entitled to a payout of up to $500,000 on your TD mortgage—allowing you to concentrate on your recovery and provide your family with total peace of mind. The key here is that it doesn’t matter when (or if) you recover, because you’re covered.
Here’s the interesting part, though: TD Mortgage Critical Illness Insurance is only available with TD Mortgage Life Insurance—which insures your mortgage in the event of death. Your insurance cost is based on your age when you apply and the amount of your mortgage, but your premiums don’t increase as you get older.
At the end of the day, the most important thing is my family’s wellbeing. Not about a few extra dollars spent in insurance protection each month. Sounds to me like TD Mortgage Critical Illness Insurance is, well, critical.
DISCLAIMER: This post was sponsored by TD Insurance as part of the #InsuranceThatFits blogger program. The opinions on this blog, as always, are my own.