If you are looking for life insurance, you should consider the smaller companies, as well as the big ones. Sometimes, small companies can offer you better value for money.
TD life insurance, a household name in Canada, has experience underwriting life insurance policies to warrant your attention, especially if you want term life.
Keep reading our review of TD life insurance company to find out if they are the right insurer for you.
Who is TD Insurance?
TD Insurance is the life insurance subsidiary of the TD Bank Group — Canada’s largest bank in terms of total assets and the second largest when it comes to market capitalization. TD Insurance offers several life insurance products as well as auto, home, and travel insurance. As far as life insurance products are concerned, TD life insurance is mainly known for its term coverage.
TD Insurance Facts & Financial Information
Founded in 1955
Headquartered at Downtown Toronto, ON
$200 billion in Financial Assets
~115 billion in annual insurance premiums
AM Best Financial Strength Rating: N/A
TD Life Insurance Reviews
Online life reviews do not always best depict an insurer and their life insurance products.
Statistically speaking, customers are more likely to leave a negative review if their experiences do not live up to their expectations, than leave a glowing review when things go smoothly. Why? Because that is what they expect.
So, while online reviews are important, you may not want to base your whole decision on them.
Coming back to TD Insurance reviews.
TD has 4 out of 5 star reviews on Google, same as competitors like Canada Protection Plan. Most are either 1 stars or 5 stars.
TD Life Insurance also has reviews on Insureye. Sadly, they are nothing to write home about, with customers writing about a number of issues. On Insureye, TD life received 1.4 stars out of 5.
Something to keep in mind is that many large insurers also receive low ratings. An example is Manulife, one of the big four Canadian life insurers, which have the same score as TD Insurance. Like we said, online criticism is not the only criterion by which you should judge a life insurer. So we give them a rating of 3/5.