Payment Protector

What would you do if you were suddenly unable to make your monthly loan payments? Our Payment Protector plan can help. Payment Protector is designed to protect you in the event of your:

Involuntary job loss
Disability
Accidental death

Payment Protector can cancel your TD Bank Home Equity Loan or Line of Credit minimum monthly payments or outstanding balance when you can't make the payments.

How does it work?

In the event I become unemployed or disabled
If you find yourself out of work, through no fault of your own, or disabled, Payment Protector can cancel your monthly minimum payments, up to $850, on your TD Bank Home Equity Loan or Line of Credit. For involuntary job loss or disability benefits, your monthly minimum payments can be cancelled for up to six months.
In the event of an accidental death
In the event of your death due to an accident, the outstanding balance on your TD Bank Home Equity Loan or Line of Credit (on the date of your death) can be cancelled up to a maximum of $100,000.

How much does it cost?

Option	Coverage	Plan Rate*
1	Accidental death Disability of protected borrower(s)	Single: 6% Joint: 10.2%
2	Accidental death Involuntary unemployment of protected borrower(s)	Single: 6% Joint: 10.2%
3	Accidental death Disability of protected borrower(s) Involuntary unemployment of protected borrower(s)	Single: 10% Joint: 17%

*Plan rate represents a percentage of your monthly payment. Rates subject to change.

How do I enroll?

Payment Protector Disclosure
Payment Protector is an optional debt cancellation program available to you as a Home Equity Customer. Your decision whether or not to purchase Payment Protector will not affect your credit application or the terms of any existing credit agreement you have with TD Bank, N.A. We will provide you with information about the Plan, including an Addendum to your Home Equity Line of Credit Agreement or your Home Equity Loan Note, which contains the terms of the Plan. You will receive this information before you are required to pay for the Plan.

There are eligibility requirements, conditions and exclusions that could prevent you from receiving certain benefits under the Payment Protector plan, but you would still remain eligible for the other benefits. You should carefully read the Plan information that you will receive, for a full explanation of the terms of the Plan. To make sure you are comfortable with this protection, if you decide to cancel within 30 calendar days of enrolling in the Plan, any Plan fees will be refunded to your account.