If you are looking for life insurance, you should consider the small life insurance companies, as well as the big ones. Sometimes, small companies can offer you better value for money. TD Insurance, though not a household name in Canada, has enough experience underwriting life insurance policies to warrant your attention, especially if you want term life insurance coverage. Keep reading our review of TD life insurance review to find out if they are the right insurer for you.
Who are 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 life insurance, such as car, home, and travel insurance. As far as life insurance products are concerned, TD Insurance is mainly known for its term life plans.
TD Insurance Facts & Financial Information
- Rating: 3/5
- Founded: 1955
- Head Offices: Downtown Toronto, ON
- AM Best Financial Strength Rating: N/A
- Financial Assets: $200 million
- Insurance Premiums: ~$115 million annually
TD Life Insurance Reviews
Online life insurance 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 life insurance reviews are important, you may not want to base your whole decision on them.
Coming back to TD life insurance reviews.
We could not find any Google reviews for TD life insurance. Some other big insurers — like Manulife — also do not have Google reviews.
TD Insurance, however, does have reviews on Insureye. Sadly, they are nothing to write home about, with customers writing about a number of issues. On Insureye, TD life received 1.6 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.