Independent Life Insurance Reviews

TD Insurance Life Insurance Reviews

(4 reviews)
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(1.8 out of 5 stars)
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nondisclosure disqualified

(1.0 out of 5 stars)
by burned by non disclosures Oct 26, 2017
Really zero but makes u choose. If your parents or siblings have cancer before age of 60 you don’t qualify disability nor life insurance but they don’t ask these when first applying for insurance. Plus they will continue to take your payments without letting you know until you have an issue; then you find out your not covered even if you are paying on the insurance. The request forms only ask for past 24 months but they go far back into your health records to find any reason to disqualify you very evasive. Again ask what disqualifies you before paying for this insurance as they won’t tell you up front and take your payments anyway. They don’t care.
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Planning to get life insurance to protect your family, including children? Make sure that you get enough coverage. According to studies, it takes about $250,000 in total to raise a child to the age of 18 (and that doesn’t include any post-secondary education costs).

Worst Experience

(1.0 out of 5 stars)
by Say No To TD Ins Oct 17, 2016
I requested a replacement Insurance with TD Life Insurance and found the experience very painful. It was very difficult to get answers or in touch with the right personnel once the application was done. After three months I was told by their underwriting department that they do NOT have COVERAGE for anyone who had CANCER that had spread. Example: They will NOT insure a person who had STAGE 3 Cancer even if they survived for 20 years. They did not request this information in the application, as they only asked if you had the disease and with an affirmed answer they went on the do Blood and Urine test. After 3 months they requested a report of medical history from family doctor and based on the Stage 3 Cancer 20 years ago they declined the application. They had no reason the take blood or Urine samples and other confidential information if they had a Policy not to Insure CANCER SURVIVORS with stage 3. I am very distressed by the entire process and will hope to protect My Entire Family Of CANCER SURVIVORS, please Avoid TD Life Insurance.
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(1.0 out of 5 stars)
by Once Bitten May 28, 2015
We realized that TD Insurance had been dipping into our TD bank account to "service" a policy they claimed we'd bought. Even though they could not produce our authorization for access to our bank account, nor paperwork to show we'd purchased a policy with them, they were adamant that we'd bought it. They claimed they did all their business over the phone, hence no paperwork. The scary thing was they had our dates of birth, our TD bank account number, our address, phone number, etc. even though we had never done business with TD Insurance. Our confidential bank information was obviously accessible to them. After 5 months of telephone back-and-forth, and going up the ladder through managers of different departments within TD Insurance and up to their Ombudsperson, I finally got a cheque for the amount stolen plus interest, but no apology, no damages for the theft nor for my time in getting this matter redressed. My email to the Vice-President of TD Insurance was merely sluffed off to an underling and it looped back to the managers I'd dealt with who merely responded that they were familiar with the case! So my experience has been thatTD Insurance, from top to bottom, is in the business of scamming. I'm shying away from TD Bank as well if customers' personal information in traded to other companies.
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Did you know that mortgage insurance is the same as life insurance but more expensive and offers less protection? By cancelling it and getting life insurance , you would typically save around 30%-40% for the same coverage.

Very helpful agents

(4.0 out of 5 stars)
by BOWS1 Oct 08, 2013
Anytime I have had questions about my coverage, or was unsure of what was or was not covered, TD Insurance agents were very helpful and always asked if I needed any more assistance.
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