Protect your Family with Mortgage Critical Illness Insurance



It's hard to talk about illness because you don't want it to happen to your loved ones and you don't want anyone around you getting sick. In the past years, unfortunately, we lost family members to cancer. One of them was in excellent shape and we never saw it coming. He had to battle cancer for years. When a person is critically sick, it has drastic effects on families, not only mentally, but also financially. It does change your lifestyle and you will encounter unexpected expenses.



I remember when my husband and I got married, years ago, we had a dream of owning a house one day. The first couple years of our marriage we rented homes and we put some money aside in a savings account for our down payment. All I could think about was having a property in our name to raise our family of three children. It took five years of savings before we were ready to enter the housing market. I was so excited, and at the same time, so nervous to be making such an investment. I definitely lost some sleep over it. You know that feeling of having knots in your stomach, because you're not sure you're making the right decision, and you don't want to forget anything the day you sign the important documents in the lawyer's office? We were borrowing a lot of money and one of the things that crossed my mind was: what if one of us becomes sick and we can't make our payments for our mortgage? We were young and healthy, but you never know what could happen. Even if you do feel great one day, your health can change pretty quickly at times, and you could be diagnosed with something completely unexpected.

At the time, I tried to read as much as I could about what kind of insurance to get in case something were to happen to us but it was hard to get good information. Things have changed over the years, and now, thanks to the internet, you can do research on mortgage insurance and make a clear, informed decision to protect your family. It's so important.



Have you ever heard of TD Mortgage Critical Illness Insurance?
If you have, great! If not, we should talk about it in case you want coverage if you are ever diagnosed with one of these three critical illnesses: Cancer (life threatening), Acute Heart Attack, or Stroke. These diseases are very serious and could impact your financial freedom.



When you get the TD Mortgage Critical Illness Insurance, which is only available with TD Mortgage Insurance, it provides a benefit that you receive while you're alive and that can pay up to $500,000 on your TD mortgage. That way, you can focus on other important things like recovery, health and family. That's a big weight lifted off your shoulders because you might encounter unexpected expenses like medical equipment, child care, physical therapy, and more. With these two insurances combined, you will have an excellent insurance coverage.

What are the odds of surviving a critical illness you may ask? Fortunately, thanks to medical science, those who are affected beating these illnesses like never before, so chances are that you will recover. That's great news, but it could be even better news if you get the proper coverage for your mortgage. Some of you like facts, so I'm going to add that one in two women and men in Canada have good chance of being diagnosed with cancer, heart attack, or stoke. That's why it is very important to be well protected.

If you'd like more information about the TD Mortgage Critical Illness Insurance like cost, payments, how to apply or any other questions you may have, please visit the TD Canada Trust website. They have a team of experts that can answer your questions and assist you. Share this information with your friends and family, they might thank you one day!

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'' 


29 comments

  1. While I don't like having a mortgage, it's nice to know that you can get critical illness insurance for some peace of mind.

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    1. Agree with you Diana, I can't wait to be mortgage free. But we need protection, it's so important.

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  2. Hélène you have a lovely family..
    :)
    Good to talk about these things..having been a realtor for almost 30 years..I have seen a lot of situations...

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    1. Thanks so much, they are grown-ups now. It's important to bring awareness.

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  3. It's great to have the insurance to help your partner if anything happens to you, but you also need to read the fine print too, as there is a lot they will not cover. By the way love your family picture!!

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    1. Thanks Lynda for your comment. I agree with you that it's always good to read everything when signing important documents.

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  4. Very well written with great information that's easy to understand.

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  5. insurance is something everyone should think of

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  6. We have had a realtor for many years and know the importance of insurance.It was good to review everything! Thank you.

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    1. I think that you are never too protected and it's important to read about it.

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  7. you never know what life can throw at you

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  8. TD is a great company to do business with

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  9. It is so important to be protected! Great article ! Thanks !

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  10. Thank you so much for this info!! We are starting to look for our first house and I will definitely be looking into this with our mortgage bank.

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  11. I have insurance, Thanks for the great article!

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  12. Great family picture! I think insurance is very important to have, you hope you will never need it but if you do the money you put out in premiums is worth it. Peace of mind! (Judy Cowan)

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  13. so important! thank you for the info!

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  14. This sounds great! I wonder if they have mortgage insurance for people with chronic illnesses such as Chronic Kidney Disease? Lord knows it would help ease some of my stress knowing that our house would stay ours. I'll have to look into it. Great post Helene.

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  15. I carry insurance for illness and coverage in the event of death; so important to make sure that those I love are cared for and looked after.

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  16. Blog looks informative and the picture looks awesome

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