Protection for Your Mortgage Product Summary, Fact Sheet and Certificate of Insurance for Mortgage Critical Illness and Life Insurance Protect What’S Important

Protection for your Mortgage Product Summary, Fact Sheet and Certificate of Insurance For Mortgage Critical Illness and Life Insurance Protect What’s Important

592150 (0920) For use in Quebec only Protection for your Mortgage

Protect What’s Important Product Summary and Fact Sheet

• Accidental dismemberment coverage provided by: TD Life Insurance Company (“TD Life”) P.O. Box 1 TD Centre Toronto, Ontario M5K 1A2 • All other coverages provided by: The Canada Life Assurance Company (“Canada Life”) Creditor Insurance Department 330 University Avenue Toronto, Ontario M5G 1R8 Fax: 416-552-6633 • Administered by: TD Life Insurance Company (“TD Life” or “the administrator”) P.O. Box 1 TD Centre Toronto, Ontario M5K 1A2 Toll Free Fax: 1-866-534-5534

This booklet contains a summary of features of Mortgage Critical Illness and Life Insurance and the Certificate of Insurance for persons covered by this product. It also contains the answers to commonly asked questions about this coverage.

These documents are important, so please keep this booklet in a safe location. Contents Product Summary...... 4 About this Product Summary ...... 4 What is covered by Mortgage Critical Illness and Life Insurance?...... 5 Who is eligible for Mortgage Critical Illness and Life Insurance? ...... 5 When does Mortgage Critical Illness and Life Insurance start?...... 6 What are the benefits?...... 6 When will an Insurance benefit not be paid?...... 7 What are the consequences of misrepresentation and concealment? ...... 7 When does Mortgage Critical Illness and Life Insurance end?...... 8 What is the cost of Mortgage Critical Illness and Life Insurance?...... 8 Can I cancel Mortgage Critical Illness and Life Insurance?...... 10 How can I submit a claim?...... 10 Who can answer my questions about Mortgage Critical Illness and Life Insurance?...... 11 What if I have a complaint?...... 11 LET’S TALK INSURANCE!...... 12 Certificate of Insurance...... 16 Introduction to Your Insurance Coverages ...... 16 Beneficiary Information...... 17 Who Is Eligible For Insurance...... 17 How To Apply ...... 18 How To Submit A Claim...... 18 We Must Receive A Claim Within A Specific Time:...... 18 Additional Claim Information...... 19 Definitions Applicable to Mortgage Critical Illness and Life Insurance...... 19 Coverages...... 20 Life Insurance ...... 20 When Your Life Insurance Starts...... 20 When You Must Complete a Health Questionnaire...... 20 Maximum Life Insurance Amounts You Can Apply For ...... 20 How A Life Insurance Benefit Is Determined...... 21 When We Pay A Life Benefit or Terminal Illness Benefit...... 22 When We Will Not Pay a Life Benefit or Terminal Illness Benefit...... 22 When We Will Pay An Accidental Dismemberment Benefit...... 23 When We Will Not Pay An Accidental Dismemberment Benefit...... 23 When We May Not Pay Any Benefit And Terminate All Your Coverage...... 24 When Your Life Insurance Ends...... 25 Critical Illness Insurance...... 26 When Your Critical Illness Insurance Starts...... 26 When You Must Complete a Health Questionnaire...... 27 Maximum Critical Illness Insurance Amounts You Can Apply For...... 27 How A Critical Illness Insurance Benefit Is Determined...... 28 When We Pay A Critical Illness Insurance Benefit...... 28 When We Will Not Pay A Critical Illness Insurance Benefit...... 28 When We May Not Pay Any Benefit and Terminate All Your Coverage...... 29 When Your Critical Illness Insurance Ends...... 29 Additional Conditions to Coverage...... 31 Creditor Defined Plan ...... 32 When We Will Not Pay a Critical Illness Insurance Benefit under Creditor Defined Plan ...... 33 Partial Coverage...... 34 Making Changes To Your Partial Coverage...... 35 Recognition of Prior Coverage...... 36 Continuation of Coverage...... 36 Continuation of Coverage for Life Insurance ...... 36 Continuation of Coverage for Critical Illness Insurance...... 38 Premium Information for Critical Illness and Life Insurance...... 40 Misstatement of Age...... 41 Premium Rates...... 41 How To Calculate Your Premium...... 42 Continuation of Coverage...... 46 Additional Information...... 46 Definitions Of The Terms We’ve Used...... 47 Commonly Asked Questions About Mortgage Critical Illness and Life Insurance...... 49 Privacy Agreement...... 52 More Information...... 57 Protecting Your Personal Information...... 58

Forms Notice of Rescission of an Insurance Contract...... back of book Notice of Free Choice of Insurer of Representative...... back of book Product Summary

Mortgage Critical Illness and Life Insurance

Who is the insurer and and distributor?

Name and Address of the Insurers Accidental Dismemberment Critical Illness and Life Insurance coverage is provided by: are provided by: TD Life Insurance Company The Canada Life Assurance “TD Life” Company (“Canada Life”) P.O. Box 1 330 University Avenue TD Centre Toronto, Ontario M5G 1R8 Toronto, Ontario M5K 1A2 1-800-380-4572 1-888-983-7070 Client Number listed with the Client Number listed with the Autorité des marchés financiers: Autorité des marchés financiers: 2000737730 2000444011

Name and Address of the Distributor TD Canada Trust P.O. Box 1 TD Centre Toronto, Ontario M5K 1A2 1-888-983-7070

About this Product Summary This Product Summary is meant to provide an overview of the features and benefits of this insurance. The terms and conditions of this insurance are contained in your Certificate of Insurance which governs. Note: Terms that appear in italics throughout this Product Summary are defined as follows: Accident a violent, sudden and unexpected action from an external source but does not include injuries resulting either directly or indirectly from any illness, medical condition or congenital defect, regardless of: • whether the illness or condition arose before or after your coverage starts; • how the insured person came to suffer from the illness or condition; or • whether the illness, condition or defect or resulting injury was expected or unexpected.

4 Protection For Your Mortgage Product Summary 5

Accident Benefit” section To apply for Critical apply for To you Illness Insurance, or have must apply for approved been already Insurance Life for 18-55 years old years 18-55

Critical Illness Insurance • • Critical Illness Insurance Coverage in the event you you in the event Coverage diagnosed with: Cancer are Heart Acute (Life-Threatening), Attack, or Stroke. coverage, and Canada Life for all for Canada Life and coverage, 18-69 years years 18-69 old

N/A • Life Insurance Life Accidental Dismemberment Dismemberment Accidental

Accidental Accidental may communicate the coverage percentage of your of your percentage the coverage may communicate . we percentage on the application for mortgages greater for on the application percentage Will Pay an an Pay Will

On the date We Life Insurance Life Accidental Dismemberment Accidental Type of Insurance Type Insured Benefit Insured terminal illness and Dismemberment Coverage in the event of in the event Coverage death, events: the following Additional Eligibility Additional Requirement of application, you must be of application, you ages: between Age Eligibility Age Requirement: Product Summary and Fact Sheet Summary and Fact Product To apply for this insurance, you must be a Canadian resident and meet all must be a Canadian resident you this insurance, apply for To criteria in the chart below: required Who is eligible for Mortgage Critical Illness and Life Mortgage Illness Critical and Life Who is eligible for Insurance? Mortgage Critical Illness and Life Insurance provides: Insurance Mortgage Critical Illness and Life What is covered by Mortgage Critical Illness and Life Mortgage Critical Illness and Life by What is covered Insurance? We, us, our us, We, for TD Life as applicable. other coverages, an or than $300,000 you. letter sent to mortgage balance in the approval in the Certificate of Insurance Benefit Insured may select You mortgage balance. of your to insure choose the amount you Coverage if you suffer a covered loss of limb or sight due to an loss of limb or sight a covered suffer if you Coverage fully described means, as more or other surgical by remedy that is beyond in the “When Accidental Dismemberment Accidental When does Mortgage Critical Illness and Life Insurance start? For Life Insurance, once your mortgage is approved, coverage starts on the date you applied for coverage if: • You answered “NO” to health questions 1-4 on the application; and • The total of the coverage amount you are applying for and any existing mortgage coverage you may have is $500,000 or less. For Critical Illness Insurance, coverage starts on the date you applied for coverage if: • You answered “NO” to all health questions on the application; and • The total of the coverage amount you are applying for and any existing mortgage coverage you may have is $500,000 or less. If you answered “YES” to any of the health questions on the application or the total of the coverage amount you are applying for and any existing mortgage coverage you have is greater than $500,000, you will need to complete a separate Health Questionnaire or provide your consent to be considered for the Creditor Defined Plan. In these instances, your coverage starts only when you are notified in writing that you are approved.

What are the benefits? In the event of an approved claim, we will pay TD Canada Trust up to $1,000,000 for Life Insurance and up to $1,000,000 for Critical Illness Insurance to be applied towards: • The outstanding balance of your mortgage; or • A percentage of the outstanding balance on your mortgage equal to the Insured Benefit percentage, as described in the section “Partial Coverage” In addition, subject to the maximum Life Insurance amount of $1,000,000 and the maximum Critical Illness Insurance amount of $1,000,000, we pay the following amount associated with your mortgage: • Any overdrawn balance in your property tax account, if you have arranged for TD Canada Trust to make these payments; • Any interest owning; • Any discharge or penalty fees. Creditor Defined Plan: Creditor Defined Plan offers the same coverage as Critical Illness Insurance and Life Insurance but covers up to a maximum of $500,000 per coverage

6 Protection For Your Mortgage Product Summary 7

decision. our are unable are our we may approve you for you may approve we standard approval criteria approval standard at all times as we may not pay at all times as we our us will notify you in writing if this is the case. in writing if this will notify you We percentage to insure a portion of your mortgage limit that a portion your of to insure percentage attempted suicide. condition; suicide or injury, of intentional self-inflicted loss is a result If your terminated and premiums will be refunded; will be terminated and premiums months of within 24 condition with a covered diagnosed are If you of a pre-existing start date and the diagnosis is a result coverage your If you are diagnosed with Cancer (life-threatening) in the first 90 days in the first diagnosed with Cancer (life-threatening) are If you will be coverage Critical Illness Insurance starts, your after coverage

Insured Benefit Insured • • • Product Summary and Fact Sheet Summary and Fact Product must also be accurate and complete with must also be accurate or incomplete information. false give a benefit if you If you fail to disclose information or give incorrect information relating to relating information incorrect or give to disclose information fail If you your insurance, for of coverage in change application or requests your You years. for less than 2 may be cancelled if it has been in effect coverage What are the consequences of misrepresentation and and the consequences misrepresentation of What are concealment? For complete details of coverage limitations and exclusions, please refer to please refer limitations and exclusions, details of coverage complete For the Certificate of Insurance. When will an Insurance benefit not be paid? benefit When will an Insurance some are Here certain limitations and exclusions. have The coverages benefit will not be paid: of when an insurance examples benefits, the Creditor Defined Plan and partial coverage, please refer to the please refer Defined Plan and partial coverage, benefits, the Creditor Certificate of Insurance. partial coverage. In this instance, you will be notified in writing of will be notified in In this instance, you partial coverage. Insurance complete details of Mortgage Illness Critical and Life For an If the total $1,000,000. and $300,000 between amount is equal to a coverage $1,000,000, exceeds coverage amount of requested underwriting process. underwriting process. Coverage: Partial selecting mortgage by on your partial coverage choose to apply for can You for the coverage you have applied for on your mortgage or if on your for applied have you coverage the for complete and the Health Questionnaire to complete you to reach and is limited to a 5-year period. You may be eligible for coverage under coverage for eligible may be You period. to a 5-year limited and is do not meet if you Defined Plan the Creditor When does Mortgage Critical Illness and Life Insurance end? Mortgage Critical Illness and Life Insurance may end before your mortgage is fully paid. For example, it will end when: • you are no longer a borrower on the mortgage; • we pay a Life Insurance benefit on you to your mortgage; • you have accumulated a total of 3 months of unpaid premiums; • you die. For complete details on when coverage ends, please refer to the Certificate of Insurance, section “When Your Life Insurance Ends” and “When Your Critical Illness Insurance Ends”.

What is the cost of Mortgage Critical Illness and Life Insurance?

Premiums are calculated based on:

• Your age at the time of application • the amount of your mortgage at the time of application Note: Critical Illness Insurance premiums and Life Insurance premiums for each insured borrower are calculated separately and billed together as one amount as part of your regular mortgage payment.

Multi-insured Discount

• A 25% discount will apply to each insured borrower’s premium when more than one borrower is insured with the same coverage on the same mortgage.

Premium Rate Reductions

A premium rate reduction will apply to the cost of the insurance for the insured balance of your mortgage as follows: • A 25% premium rate reduction for amounts between $300,000 - $500,000 • A 35% premium rate reduction for amounts over $500,000.

8 Protection For Your Mortgage Product Summary 9

$1.02

$1.82* $2.32* $2.65* Illness Critical Insurance $71.25 + ($71.25 + ($71.25 $71.25 = = $6.41) x 0.09 $77.66 Cost of Critical Illness Insurance $0.19 $400,000 100% x 100% - $400,000 $400,000 x E = (0.19 ÷ 1000 = $300,000) $57.00 x x 0.75 F = (0.19 $100,000) ÷ 1000 = $14.25 G = N/A + + $14.25 $57.00 = $71.25 $0.00 Life Life

$1.66 $1.06 $0.79

$0.56

Insurance Age 51 to 55 61 to 65 66 to 69 66 56 to 60 56 = $12.75 = $12.75 G = N/A + + $12.75 $51.00 = $63.75 $0.00 +($63.75 $63.75 = = $5.74) x 0.09 $69.49 Cost of Life Cost of Life Insurance $0.17 $400,000 100% x 100% $400,000 = $400,000 x E = (0.17 ÷ 1000 $300,000) = $51.00 x F = (0.17x0.75 ÷ 1000 $100,000)

over Insured Insured $0.14 $0.19 $0.45 $0.26 $0.69 Illness Critical Insurance up to to $500,000 for Premium Benefit Insured $500,000 E + F + G = H, H is the monthly premium H + (H x your tax rate) provincial = I, I is the monthly after tax premium Premium Rate Premium Mortgage Amount Benefit Insured percentage D is the B x C = D, Benefit Insured for Premium Benefit $300,000 for Premium Benefit Insured between$300,000 Life Life $0.17 $0.13 $0.32 $0.24 $0.46 Insurance ______(H) ______(I) ______(F) ______(G) ______(B) ______(C) ______(D) ______(E) ______(A) these rates do not include applicable provincial sales taxes. provincial include applicable do not these rates Age 31 to 35 31 41 to 45 41 18 to 30 18 46 to 50 46 36 to 40 premium would be $147.15 ($69.49 +$77.66). +$77.66). ($69.49 be $147.15 would premium In this example, the monthly Critical Illness and Life Insurance the monthly Critical Illness and Life In this example, Step 7: Step 6: Step 5: Step 4: Step 1: Step 2: Step 3: Product Summary and Fact Sheet Summary and Fact Product $100,000 mortgage. $100,000 The following example demonstrates how to calculate the monthly to how demonstrates example The following with a a 34-year-old for Insurance Critical Illness and Life for premium *Available only under Recognition of Prior Coverage and Continuation of Coverage. and Continuation of Coverage. of Prior Coverage Recognition only under *Available Note: Premium rates per $1000 of single coverage are shown in the table below. in the table shown are single coverage $1000 of per rates Premium Can I cancel Mortgage Critical Illness and Life Insurance? You can cancel this insurance at any time by calling 1-888-983-7070. All requests to cancel Mortgage Critical Illness and Life Insurance must be made to us in writing or by phone: • By phone: cancellation will be effective on the date of your call; or • By mail: cancellation will be effective on the datewe receive your mailed request If you cancel your coverage within the first 30 days, we will refund any premiums paid provided no claims have been made and coverage will be considered to never have been in force. You may cancel your coverage at any time after the first 30 days, and we will refund any premiums we may owe you after your coverage has been cancelled. If there is more than one borrower insured on the mortgage, each insured person must provide a separate request to cancel coverage.

How can I submit a claim? Claims forms are available by calling TD Life at 1-888-983-7070, or online at tdinsurance.com/claims. The original claim form and proof of death, loss or diagnosis of a covered critical illness must be received by TD Life as soon as possible after the event and within the following time limits: • For Life claims, you must submit your claim within three years of the date of death. • For Terminal Illness claims, you must provide us with written proof of a terminal illness diagnosis before death occurs. • For Accidental Dismemberment claims, you must submit your claim within one year of the date of covered loss. • For Critical Illness claims, you must submit your claim within one year of being diagnosed with a covered critical illness. We may require that a doctor of our choice examines you to validate a critical illness or Accidental Dismemberment claim. Payment of benefits are made after proof of claim requirements are completed. Once the proof of death, loss or diagnosis of illness has been received and the claim has been approved, payment will be made by us within 30 days. If your claim is refused, you can appeal this decision by submitting new information to us at any time. You may also consult the Autorité des marchés financiers or your own legal advisor.

10 Protection For Your Mortgage Product Summary 11

Tel: Québec: 418-525-0337 Québec: Tel: 514-395-0337 Montreal: 1-877-525-0337 Free: Toll www.lautorite.qc.ca Website: www.canadalife.com/support/

www.tdinsurance.com/products-services/credit-protection 2640, boul Laurier, 4 étage Laurier, boul 2640, Québec QC G1V 5C1 Autorité des marchés financiers des marchés Autorité Cominar Place de la Cité, Tour Product Summary and Fact Sheet Summary and Fact Product visit: For more details about Mortgage Critical Illness and Life Insurance, please Insurance, about Mortgage details Critical Illness and Life more For included with this booklet, or please to the Certificate of Insurance refer You can also find Canada Life’s complain processing policy and where and where policy complain processing can also find Canada Life’s You going to a complaint may be filed by consumer-information/customer-complaints-ombudsman complaint may be filed, please visit TD Life’s Customer Service & Problem Customer Service & Problem Life’s complaint may be filed, please visit TD page online at: www.tdinsurance.com/customer-service/ Resolution problem-resolution. What if I have a complaint? What if I have a and where policy processing complaint about TD Life’s information For contact the Autorité des marchés financiers as follows: as follows: financiers des marchés contact the Autorité Life Insurance. Insurance. Life can you and distributors, of insurers about the obligations information For Illness and Life Insurance? Illness and Life questions about for at 1-888-983-7070 TD Life may contact You of Mortgage Critical Illness andunderwriting,claims and the administration Who can answer my questions Mortgage about Critical my can answer Who The purpose of this fact sheet is to inform you of your rights. It does not relieve the insurer or the distributor of their obligations to you.

LET’S TALK INSURANCE!

Name of distributor: TD Canada Trust Names of insurers: The Canada Life Assurance Company and TD Life Insurance Company Name of insurance product: Mortgage Critical Illness and Life Insurance

IT’S YOUR CHOICE You are never required to purchase insurance: • that is offered by your distributor; • from a person who is assigned to you; or • to obtain a better interest rate or any other benefit. Even if you are required to be insured, you do not have to purchase the insurance that is being offered.You can choose your insurance product and your insurer.

HOW TO CHOOSE To choose the insurance product that’s right for you, we recommend that you read the summary that describes the insurance product and that must be provided to you.

DISTRIBUTOR REMUNERATION A portion of the amount you pay for the insurance will be paid to the distributor as remuneration. The distributor must tell you when the remuneration exceeds 30% of that amount.

RIGHT TO CANCEL The Act allows you to rescind an insurance contract, at no cost, within 10 days after the purchase of your insurance. However, the insurer may grant you a longer period of time. After that time, fees may apply if you cancel the insurance. Ask your distributor about the period of time granted to cancel it at no cost.

12 Protection For Your Mortgage If the cost of the insurance is added to the financing amount and you cancel the insurance, your monthly financing payments might not change. Instead, the refund could be used to shorten the financing period. Ask your distributor for details. The Autorité des marchés financiers can provide you with unbiased, objective information. Visit www.lautorite.qc.ca or call the AMF at 1-877-525-0337. Reserved for use by the insurers: TD Life Insurance Company and The Canada Life Assurance Company This fact sheet cannot be modified

Product Summary and Fact Sheet 13 Protection for your Mortgage

Protect What’s Important Certificate of Insurance

Certificate of Insurance 15 Certificate of Insurance

Pages 16 to 48 of this booklet form the Certificate of Insurance, which applies to persons covered by Mortgage Life Insurance or Mortgage Critical Illness and Life Insurance. Note: In this Certificate of Insurance, you and your refer to a borrower(s) or guarantor(s) who is/are insured under the Policy. We, us and our refers to Canada Life or TD Life as applicable*.

Introduction to Your Insurance Coverages Mortgage Critical Illness and Life Insurance provides life, accidental dismemberment, and critical illness coverages as described below: • For life coverage, we will pay TD Bank a benefit amount towards your Mortgage in the event of your death. • For accidental dismemberment coverage, we will pay TD Bank a benefit amount towards your Mortgage in the event you suffer a covered loss (See page 23 of the Certificate of Insurance for details on covered losses). Your Mortgage Life Insurance includes accidental dismemberment coverage. • For terminal illness coverage, we will pay TD Bank a benefit amount towards your Mortgage in the event you are diagnosed with an illness that will cause your death within one year. Your Mortgage Life Insurance includes terminal illness coverage. • For critical illness coverage, we will pay TD Bank a benefit amount towards your Mortgage in the event you are diagnosed with Cancer (life-threatening), Acute Heart Attack or Stroke. Critical Illness Insurance is optional and only available if you enroll for Mortgage Life Insurance. The maximum coverage that you can apply and be insured for is $1,000,000 for Life Insurance (which includes life, terminal illness and accidental dismemberment) and $1,000,000 for Critical Illness Insurance for all your Mortgages combined. Mortgage(s) does not include self-directed RSP mortgages or mortgages on commercial properties. If you apply and are insured with Mortgage Life Insurance, with or without optional Critical Illness Insurance, the terms and conditions of your coverage under the Policy consist of: • your Application; • your Certificate of Insurance included in this booklet; • any other documents we require you to submit;

16 Protection For Your Mortgage Certificate of Insurance .

your Critical your

; or to apply to TD Canada . coverage, coverage, . your to enroll in to enroll TD Bank you Life Insurance Life in considering Life Insurance Life Critical Insurance Illness : you to submit; and 1-888-983-7070 Life Insurance Life you in considering in considering may provide may provide may ask you is offered exclusively to exclusively is offered we or a person making a claim on making a claim or a person we #G/H.60154AD. All other coverages are are All other coverages #G/H.60154AD. behalf may request copies of any of copies of any behalf may request is not an agent for its wholly owned is not an agent for your Mortgageyour require require you we your Policy may ask may TD Bank we ; will pay the benefit amount to Life Insurance Life receives a fee from Canada Life and TD Life for its for and TD Life Canada Life from a fee receives we and . TD Bank Application answers to questions answers

borrowers and guarantors. and guarantors. borrowers your your must be approved and insured with and insured must be approved are between 18 and 69 years old to apply for to apply for old years and 69 18 between are old to apply for years and 55 18 between are answers to questions to answers does not act as an agent for Canada Life. Neither company has any has any Neither company Canada Life. does not act as an agent for are a Canadian resident; and a Canadian resident; are Illness Insurance Illness you You you

#G/H.60154. TD Life is the authorized administrator for Canada Life. for administrator is the authorized TD Life #G/H.60154. ■ ■ you a copy of a copy electronically. in writing or communicated verbally, whether coverage, a copy of the Certificate of Insurance; a copy other documents of any a copy a copy of a copy any written confirmation of coverage of coverage confirmation written any your and in writing or electronically; verbally, whether communicated or a person making a claim on or a person

Certificate of Insurance • • • • • • • A Canadian resident is any person who: person is any A Canadian resident Trust Mortgage Trust on insurance be eligible to apply for To Who Is Eligible For Insurance Who Is Eligible For Mortgage Critical Illness When a claim is approved, When a claim is approved, Mortgage.your activities, including enrolling borrowers under this coverage. borrowers activities, including enrolling Beneficiary Information TD Bank in the other. interest ownership TD Life. subsidiary, Company (“TD Life”) under group under group (“TDCompany Life”) under group Life”) (“Canada Company Assurance The Canada Life by provided Policy these documents at any time by calling TD Life at TD Life calling time by these documents at any TD by is provided dismemberment coverage *Accidental You behalf may request: behalf may In addition, subject to applicable law, law, subject to applicable In addition, • has lived in Canada for a total of 183 days or more within the last year (days do not need to be consecutive); or • is a member of the Canadian Forces. Note: If you already have Mortgage Life and Critical Illness coverage with us, you can apply for Continuation of Coverage on your existing Critical Illness Insurance up to age 69. For more information please refer to the section “Continuation of Coverage of Critical Illness Insurance”. If you do not meet the age requirements, you may be eligible for full or partial coverage based on recognition of prior coverage. For more information, please refer to section “Recognition of Prior Coverage”.

How To Apply To apply for coverage, you must complete and submit an Application. You can apply for coverage at any time through a TD Canada Trust branch or by phone.

How To Submit A Claim Claim forms are available by calling TD Life at 1-888-983-7070 or online at tdinsurance.com/claims.

We Must Receive A Claim Within A Specific Time: • For a life claim, you must submit your claim within one year of the date of death. • For a terminal illness claim, you must provide us with written proof of a terminal illness diagnosis before death occurs. • For an accidental dismemberment claim, you must submit your claim within one year of the date of your loss. • For a critical illness claim, you must submit a written claim to us within one year of being diagnosed with a covered critical illness. You will also need to provide written proof, from a qualified physician practising in Canada, of the diagnosis of a covered critical illness. We will not pay any claims that are made after these deadlines. We may also require: • additional proof or information regarding the claim; • you to be examined by a physician of our choice to validate a claim; or • both; in any case, we will only pay benefits after these requirements are satisfied.

18 Protection For Your Mortgage Certificate of Insurance

19 ,

Life

, and you and and and , Mortgage Insurance

TD Bank Mortgage Critical Illness

TD Bank for for The Insurance Act The Insurance Life Insurance Life

. Health Questionnaire benefit in the section benefit in Critical Illness

province or territory. or territory. province Critical Illness will make the applicable will make Mortgage your in the order in which in the order Critical Insurance Illness we or your , for for Mortgage (for actions or proceedings actions or proceedings (for Mortgage for for Can Apply For” and “Maximum For” Can Apply Can Apply For”. Can Apply For”. or including the Mortgage You Quebec Civil Code Mortgage You Mortgage Critical Illness Life Insurance Life conventional or default insured insured or default conventional Continuation Coverage of Insurance Act Insurance or Amounts Amounts #G/H.60154AD issued by TD Life to TD Life issued by #G/H.60154AD Amounts . Life Insurance Life

(for actions or proceedings governed by the laws the by governed actions or proceedings (for determine the amount of determine Policy Continuation Coverage of we #G/H.60154 issued by Canada Life to Canada Life issued by #G/H.60154 2002 , Continuation Coverage of Insurance Insurance TD Canada Trust

Mortgage Critical Insurance Illness Life Insurance Life or the Policy Life Insurance Life : the completed written, printed, electronic and/or telephone and/or : the completed written, printed, electronic for for your : your Mortgagesyour does not include self-directed RSP mortgages RSP or mortgages on does not include self-directed and or the have insured more than one more insured have : group : group Mortgage are limited to one claim for for to one claim limited are describe how describe how you prescriptive period is set out in the prescriptive Limitations Act or other applicable legislation in of Ontario), the the laws of Quebec, by governed or proceedings those actions For governed by the laws of Alberta and British Columbia), by governed the the laws of Manitoba), by governed actions or proceedings (for Every action or proceeding against an insurer for the recovery of insurance of insurance the recovery for against an insurer proceeding action or Every unless commenced is absolutely barred under the contract payable money out in the within the time set If to each benefit payments insurance insured “Maximum “Maximum Critical Illness You per We

Certificate of Insurance coverage, and group and group coverage, coverage. accidental dismemberment which provides commercial properties. commercial Policy terminal illness and optional life, which provides Mortgage Mortgage Insurance Application if applicable. application for application for Insurance Life Insurance Life Insurance Life Application Definitions Applicable to • • • • Additional Claim Information Claim Additional Coverages Life Insurance Life Insurance includes life, terminal illness and accidental dismemberment.

When Your Life Insurance Starts Once your Mortgage has been approved, your coverage starts: • On the date you applied for coverage if you answered “NO” to health questions 1 to 4 in your Application (Section: Information about your health) and the amount of coverage requested for all your insurable TD Canada Trust Mortgages combined is $500,000 or less; or • On the date we write to let you know that we have approved your Life Insurance for the full term of your Mortgage if you answered “YES” to health questions 1 to 4 in your Application (Section: Information about your health) or if the amount of coverage requested for all your insured TD Canada Trust Mortgages combined is greater than $500,000. If you have an existing Mortgage with active Life Insurance or active Life Insurance and Critical Illness Insurance, and you are refinancing or applying for increase in coverage, then your coverage start date will be as outlined in section “Continuation of Coverage for Life Insurance” on page 36.

When You Must Complete a Health Questionnaire • You will need to complete a Health Questionnaire in order to be considered for coverage for the full term of your Mortgage if you answered “YES” to any of the health questions in your Application (Section: Information about your health). • You will need to complete a Health Questionnaire in order to be considered for coverage on the full term of your Mortgage if the amount of coverage requested for all your insured TD Canada Trust Mortgages combined is greater than $500,000. • We will review your Application and let you know by mail if you are approved. Note: We reserve the right to change our underwriting requirements and the questions in the Application at any time.

Maximum Life Insurance Amounts You Can Apply For You can apply to insure the amount of your Mortgage to a maximum of $1,000,000 for Life Insurance (life, terminal illness and accidental

20 Protection For Your Mortgage Certificate of Insurance

21 we , which benefit ; us ; then Life Insurance Life . equal to the have arranged arranged have payments that amount of Accident you amount; and if amount; : Life Insurance Life Mortgage

; or Mortgage insurance approval letter approval insurance Mortgages will not pay more than the will not pay more your amount of $1,000,000, amount of $1,000,000, your your Mortgageyour Mortgage Life Insurance Life We

. percentage of the outstanding percentage your your Mortgageyour combined combined Mortgage(s) will determine the amount payable as of amount payable will determine the your Life Insurance Life we ; or property tax account, if property determined the benefits. insured insured your Mortgageyour we your Insured Benefit Insured your Benefit Is Determined that is either: to make these payments; and to make Application has been completed and prior to funding: completed and prior has been approves the new amount of amount the new approves percentage, as described in section “Partial Coverage”. as described in section “Partial percentage, . pay a benefit equal to: with partial coverage, the amount of the with partial coverage, we your Mortgageyour Application

will deduct from the insurance benefit any benefit any the insurance will deduct from Life Insurance Life pay an insurance benefit, pay an insurance may apply to increase or decrease decrease or to increase may apply TD Canada Trust We

The amount of coverage will be subject to the maximum will be subject to the maximum The amount of coverage we your specified at time of any interest owing. interest any any overdrawn balance in overdrawn any for any discharge or penalty fees; discharge any a percentage of the outstanding balance on of the outstanding balance a percentage Benefit Insured the outstanding balance on outstanding balance on caused a covered loss. caused a covered for terminal illness coverage, the date the claim is received by by is received the date the claim terminal illness coverage, for of the the date accidental dismemberment coverage, for for life coverage, the date of death; the date coverage, life for TD Canada Trust funded amount of based on the will be calculated of coverage the amount Mortgageyour you Mortgages

Certificate of Insurance • • • • • • • • • • • • balance on For For will be limited to the available Note: prior to the date in arrears were In addition, subject to the maximum In addition, subject to the maximum amount associated with pay the following When a benefit is paid, subject to the maximum When a benefit is paid, subject to the $1,000,000, When dates: the following How A How Note: in restrictions other applicable amounts and any or Certificate of Insurance. Once dismemberment coverages) for all of all for coverages) dismemberment • specified in the letter we sent you approving your partial coverage. Any Life Insurance benefit is subject to the coverage maximum.

When We Pay A Life Benefit or Terminal Illness Benefit In the event of death, we will pay a benefit to TD Bank, as described in “How A Life Insurance Benefit Amount Is Determined” and subject to any limitations set out in the Certificate of Insurance. In the event you are diagnosed with an illness that will cause your death within one year, we will pay a benefit to TD Bank, as described in “How A Life Insurance Benefit Amount Is Determined” and subject to any limitations set out in the Certificate of Insurance.

When We Will Not Pay a Life Benefit or Terminal Illness Benefit • your death or terminal illness occurs before your original coverage effective date; • your death is a result of events directly or indirectly related to, arising from, following your participation or attempted participation in, caused by or contributed to by, or associated with: i. your use of any drug, poisonous substance, intoxicant or narcotic, unless taken according to the instruction of your Physician; ii. your operation of any motorized vehicle or watercraft while your ability to do so is impaired by drugs or alcohol, or with blood alcohol concentration in excess of legal limits in the jurisdiction where the death occurred; or iii. your commission or attempted commission of a criminal offence; • your life claim is not made within one year of the date of death; • your terminal illness claim is not received before the date of death; or • your insurance has been in force for less than two years, and you die as a result of your intentional self-inflicted injury, suicide or attempted suicide (whether you are aware or not aware of the result of your actions, regardless of your state of mind). In this instance, all insurance premiums paid will be refunded. For additional exclusions, please refer to section “When We May Not Pay Any Benefit and Terminate All Your Coverage”. If you have Continuation of Coverage on your Life Insurance, please see “Continuation of Coverage for Life Insurance” on page 36 for additional information.

22 Protection For Your Mortgage Certificate of Insurance 23 , as TD Bank original insurance original insurance your ; will pay a benefit to will pay a we ; and suffer a covered loss which: loss a covered suffer Accident you Benefit Amount Is Determined”. Accidental Accidental Is Determined”. Benefit Amount Accident intentional self-inflicted injury, suicide or injury, intentional self-inflicted your Life Insurance Life Will Not Pay An Accidental Dismemberment Dismemberment An Accidental Not Pay Will Will Pay An Accidental Dismemberment Benefit Dismemberment An Accidental Pay Will accidental dismemberment occurs before before accidental dismemberment occurs of loss is a result We We your date; effective coverage your hemiplegia means the complete and irrecoverable paralysis of one side of paralysis irrecoverable hemiplegia means the complete and the body. lower part body; of the lower of the body paralysis irrecoverable quadriplegia means the complete and and the neck down; from 20/200 or less; 20/200 of the legs and paralysis means the complete and irrecoverable paraplegia loss of a leg means that the limb is severed at or above the ankle joint; the ankle at or above loss of a leg means that the limb is severed as of vision in the eye loss loss of sight means the total and irreversible visual acuity being an ophthalmologist, corrected confirmed by with loss of an arm means that the limb is severed at or above the wrist joint; the at or above severed loss of an arm means that the limb is loss of use of both legs or all limbs due to paraplegia or quadriplegia; to paraplegia loss of use of both legs or all limbs due side of the body due to hemiplegia. loss of use of an arm and leg on one loss of one arm and sight of one eye; loss of sight in both eyes; loss of one arm and one leg; loss of one arm and loss of one leg and sight of one eye; loss of both arms; loss of both legs; occurs within 365 days of the occurs or other means. surgical by remedy is beyond is a bodily injury; is a bodily an caused by is solely and directly

Certificate of Insurance • • • • • • • • • • • • • • • • • • • • When Benefit Losses are defined as follows: are Losses List of covered losses: List of covered In the event of accidental dismemberment, of accidental In the event A described in “How be paid if benefit will dismemberment When When attempted suicide (whether you are aware or not aware of the result of your actions, regardless of your state of mind); • your loss relates to an Accident that took place more than 12 months before the covered loss occurred; • your accidental dismemberment is a result of events directly or indirectly related to, arising from, following your participation or attempted participation in, caused by or contributed to by, or associated with: i. your use of any drug, poisonous substance, intoxicant or narcotic, unless taken according to the instruction of your Physician; ii. your operation of any motorized vehicle or watercraft while your ability to do so is impaired by drugs or alcohol, or with blood alcohol concentration in excess of legal limits in the jurisdiction where the accidental dismemberment occurred; or iii. your commission or attempted commission of a criminal offence; • your claim is not made within one year of the date of your loss; or • your loss is an injury resulting either directly or indirectly from any illness, medical condition or congenital defect regardless of:

■ whether the illness or condition began before or after your coverage starts;

■ how you came to suffer from the illness or condition; and

■ whether the illness, condition or defect or resulting injury was expected or unexpected. For additional exclusions, please refer to section “When We May Not Pay Any Benefit and Terminate All Your Coverage”. If you have Continuation of Coverage on your Life Insurance, please see “Continuation of Coverage for Life Insurance” on page 36 for additional information.

When We May Not Pay Any Benefit And Terminate All Your Coverage • you give any false or incomplete responses to requests for information that we require to approve your insurance; or • you give any false or incomplete information when requesting any change to your coverage. This applies to the responses in your Application and to any other information we receive from you, whether in writing, electronically or by telephone.

24 Protection For Your Mortgage Certificate of Insurance

you *;

we your Mortgage

your on the date your ; you Mortgage are covered covered are concerning you coverage or, if or, coverage coverage ends. If coverage property*; or property*; will not notify the other Mortgage insured insured you ); request by telephone by request . we your your your premiums will be refunded will be refunded premiums your written notice of the your you after your Mortgage you to cancel give give receive receive you will end without notice to will end without we ; for the for may owe may owe Creditor Defined Plan Creditor benefit in regard to benefit in regard we *; identity, identity, Mortgage

is transferred to another financial institution*; to another financial is transferred is paid in full, refinanced, discharged, or assumed by discharged, is paid in full, refinanced, TD Canada Trust your Policy your , including a notice of sale of or starts legal proceedings against starts legal proceedings on coverage. If there is more than one borrower insured on insured one borrower than is more If there coverage. TD Canada Trust we , each borrower must provide a request to cancel coverage to cancel coverage a request must provide , each borrower Mortgage Mortgage Life Insurance Life Life Insurance Ends Insurance Life Creditor Defined Plan Creditor your Mortgage coverage within the first 30 days, within the first coverage insurance coverage may end prior to the repayment of may end prior to the repayment coverage insurance insurance coverage ends for any reason, reason, any ends for coverage insurance . insured insured insured insured months or more*; three is in arrears premium insurance 5-year period of coverage has come to an end if has period of coverage 5-year Your Mortgage die*. no longer are a mortgagor or guarantor of the a mortgagor or guarantor are no longer term of the full for old (applies to coverage years turn 70 your Your pay any pay any receive a written request from from a written request receive

your Life Insurance Life

insured insured you 30 days after termination of the TD Canada Trust your your your another person*; your under the we the individually; we able to confirm are to cancel you under the or while covered you

will refund any premiums premiums any will refund Certificate of Insurance • • • • • • • • • • • Mortgage and coverage will be considered never to have been in force. If a claim is made been in force. to have never will be considered and coverage is not provided. 30 days, a refund within the first Note: We cancel *This will end insurance coverage for all insured borrowers and guarantors. and guarantors. borrowers all insured for coverage *This will end insurance When liable to person(s) Your occurs: of the following when any When When Definitions Applicable to Life, Terminal Illness and Accidental Dismemberment Coverages

Accident: a violent, sudden and unexpected action from an external source but does not include injuries resulting either directly or indirectly from any illness, medical condition or congenital defect, regardless of: • whether the illness or condition arose before or after your coverage starts; • how the insured person came to suffer from the illness or condition; or • whether the illness, condition or defect or resulting injury was expected or unexpected. Application: the completed written, printed, electronic and/or telephone application for Mortgage Life Insurance or Mortgage Critical Illness and Life Insurance or the Continuation of Coverage for Mortgage Critical Illness Insurance and Life Insurance or Continuation of Coverage for Mortgage Life Insurance or the Continuation of Coverage for Mortgage Life Insurance and Application for Critical Illness Insurance including the Health Questionnaire, if applicable. Creditor Defined Plan: Life Insurance or Critical Illness and Life Insurance for a 5-year period of coverage, up to a maximum of $500,000 for Life and $500,000 for Critical Illness. Individuals enrolled in this plan must re-apply if seeking to maintain credit protection on their Mortgage beyond their 5-year period of coverage. Health Questionnaire: the detailed questionnaire that must be completed in order to be considered for coverage for the full term of your Mortgage if you answer “YES” to any of the health questions on the Application. Life Insurance: includes life, terminal illness and accidental dismemberment coverages.

Critical Illness Insurance Critical Illness Insurance covers Cancer (life-threatening), Acute Heart Attack and Stroke.

When Your Critical Illness Insurance Starts Once your Mortgage has been approved, your Critical Illness Insurance starts: • on the date you applied for coverage if you answer “NO” to all health questions in your Application (Section: Information about your health) and

26 Protection For Your Mortgage Certificate of Insurance

Critical your

answer answer and ; then Can Can you Mortgages. your Mortgages are approved. approved. are

if the amount if ” on page 38. ” on page 38. Life Insurance Life You TD Canada Trust answer “YES” answer you amount; and if you Mortgage

if Life Insurance Life up to a maximum of in order to be in order in order to be in order combined (Section: Information Information (Section: Mortgage Mortgage (Section: Information (Section: Information

your insurable insurable with active with active can never begin before begin before can never your Mortgage have approved approved have coverages may start may on coverages

Amounts your your TD Canada Trust your we know by mail if by know your Mortgage your

, approval requirements and the requirements approval Application

you Application combined is greater than $500,000. combined is greater

your Mortgageyour for all of for in addition to you your Insurance Insurance our

Critical Insurance Illness insured insured are refinancing or applying for an for or applying refinancing are Health Questionnaire your your know that that know for for you your and let Health Questionnaire Health Questionnaire coverage start dates will be outlined in coverage you Insurance Insurance

, and at any time. at any your Critical Illness

TD Canada Trust Mortgage TD Canada Trust Application has been completed and prior to funding:

. approves the new amount of the new approves for the full term of the for your write to let write to let . your Application we Critical Illness Critical Illness health). health) or if the amount of coverage requested for all for requested coverage if the amount of health) or combined is $500,000 or less; or is $500,000 combined Critical Illness Insurance Critical Insurance Illness Must Complete a Must Complete TD Canada Trust Mortgages TD Canada Trust Mortgage

Application Insurance your your

reserve the right to change reserve

Continuation Coverage of You will need to complete a will need to complete a will need to complete may apply to increase or decrease or decrease may apply to increase will review will review We your

your apply for apply for have an existing an existing have Life Insurance Life Critical Insurance Illness

TD Canada Trust will be calculated based on the funded amount the amount of coverage of you combined is greater than $500,000. than $500,000. combined is greater We of coverage requested for all for requested of coverage considered for coverage on the full term of on the coverage for considered “YES” to any of the questions of the in “YES” to any about You You on the full term of coverage for considered to any of the health questions of in to any about insured on the date on the date Illness the amount of coverage requested for all for requested coverage of the amount Mortgages can apply to insure the amount of the amount of can apply to insure

require additional information from from additional information require • • • • Certificate of Insurance • • • you you Once You for $1,000,000 Maximum Apply For we dates,but different your questions in the If Note: When increase in coverage, then in coverage, increase section “ If and Note: The amount of coverage will be subject to the maximum Critical Illness Insurance amounts and any other applicable restrictions in your insurance approval letter or Certificate of Insurance.

How A Critical Illness Insurance Benefit Is Determined When we pay an insurance benefit, we will determine the amount payable as of the date of diagnosis. When a benefit is paid, subject to the maximum Critical Illness Insurance amount of $1,000,000, we pay a benefit equal to: • the outstanding balance on your Mortgage. We will not pay more than the outstanding balance on your insured Mortgage(s); or • a percentage of the outstanding balance on your Mortgage, as described in sections “Partial Coverage” and “Recognition of Prior Coverage”. In addition, subject to the maximum Critical Illness Insurance amount of $1,000,000, we pay the following amount associated with your Mortgage: • any discharge or penalty fees; • any overdrawn balance in your property tax account, if you have arranged for TD Canada Trust to make these payments; and • any interest owing. Note: We will deduct from the insurance benefit any Mortgage payments that were in arrears prior to the date we determined the benefits. For Mortgages with partial coverage, the amount of the Critical Illness Insurance benefit will be limited to the Insured Benefit percentage of the outstanding balance on your Mortgage that is either: • specified at time of Application; or • specified in the letter we send you approving your partial coverage. Any Critical Illness Insurance benefit is subject to the maximum coverage amount.

When We Pay A Critical Illness Insurance Benefit In the event you are diagnosed with Cancer (life-threatening), Acute Heart Attack, or Stroke we will pay a benefit to TD Bank as described in “How A Critical Illness Insurance Benefit Is Determined”.

When We Will Not Pay A Critical Illness Insurance Benefit • your diagnosis of a covered condition occurs within 24 months of the start of you becoming covered under your existing Critical Illness Insurance and

28 Protection For Your Mortgage Certificate of Insurance

29 you Your your

, please insured insured your Critical Illness

May Not Pay Any Any May Not Pay had symptoms or symptoms had your with respect to with respect We you ”); you Ends and to any other information information other and to any ”on page 38 for additional page 38 for ”on existing coverage starts. In this coverage existing will end without notice to with respect to with respect your or investigation leading to a or investigation you or investigation leading to a diagnosis or investigation benefit on coverage effective date starts; effective coverage your Critical Insurance your Illness Mortgage your on

Application

Critical Illness your ends, as described in the section “When use of illegal or illicit drugs or substances; use of illegal or illicit obtained with or without misuse of medication your benefit on insurance; or insurance; pre-existing condition pre-existing for for Coverage”. on your your your Your . In this case Critical Illness coverage will end for all insured all insured end for will . In this case Critical Illness coverage Cancer (life-threatening) Life Insurance Life Cancer (life-threatening)

Life Insurance Life Critical Insurance Illness , whether in writing, electronically or by telephone. or by , whether in writing, electronically *; (this is called a “ (this is called Ends” on page 25, or when any of the following occurs: of the following or when any on page 25, Ends” your you May Not Pay Any Benefit and Terminate All All Benefit and Terminate Any May Not Pay Mortgage Continuation Coverage of pay any pay any pay any diagnosis is a result of an illness this illness (whether condition or or result is a diagnosis coverage. claim is a result of claim is a result of claim is a result Your Critical Illness Insurance Your We give any false or incomplete responses to requests for information that information for to requests or incomplete responses false any give change to any when requesting or incomplete information false any give require to approve to approve require Coverage we we have have Critical Insurance Illness Continuation Coverage of

a diagnosis of when within 90 days from occurs insured insured and guarantors; borrowers diagnosis, occurs within 90 days when within 90 days when diagnosis, occurs will be refunded. premiums instance, all insurance your or prescription; a diagnosis of your received medical consultation, tests, treatment, care or services (including care tests, medical consultation, treatment, received including prescribed services diagnostic without limitation, or measures), the start prior to of during the 24 months medication your which for or undiagnosed) is diagnosed condition if if Mortgage your you we you Insurance

Certificate of Insurance • • • • • • • • you For additional exclusions, please refer to section “When please refer additional exclusions, For Your the date that Insurance Life When This applies to the responses in This applies to the responses from receive When Your see “ information. Benefit and Terminate All Benefit and Terminate If • we receive a written request from you to cancel your Critical Illness Insurance or, if we are able to confirm your identity, we receive your request by telephone to cancel your coverage. If there is more than one borrower insured on the Mortgage, each borrower must provide a request to cancel coverage individually; or • if you are covered under the Creditor Defined Plan, your 5-year period of coverage has come to an end, or you turn 70 while enrolled in the Creditor Defined Plan. *This will end insurance coverage for all insured borrowers and guarantors. When your insurance coverage ends for any reason, we will not notify the other person(s) liable to TD Canada Trust for the Mortgage. We will refund any premiums we may owe you after your coverage ends. If you cancel your coverage within the first 30 days, your premiums will be refunded and coverage will be considered never to have been in force. If a claim is made within the first 30 days, a refund is not provided. Note: Your insurance coverage may end prior to the repayment of your Mortgage

Definitions Applicable To Critical Illness Insurance Coverage

Acute Heart Attack: the death of a portion of your heart muscle resulting from inadequate blood supply for which the following test results are confirmed: • An increase of cardiac bio-markers and/or enzymes found in the blood stream, as a result of damaged heart muscle tissue, to levels considered diagnostic for an acute myocardial infarction. Diagnosis of the Acute Heart Attack must be made by a qualified cardiac specialist. Acute Heart Attack does not include: • an incidental finding of ECG changes suggesting a prior myocardial infarction with no corroborating event; • an increase of cardiac bio-markers and/or enzymes due to coronary angioplasty (a medical procedure involving the ballooning of a narrowed coronary artery) unless there are new elevations of ST segments in the involved ECG leads considered diagnostic for an acute myocardial infarction; or • an increase of cardiac bio-markers and/or enzymes in the blood stream due to pericarditis or myocarditis.

30 Protection For Your Mortgage Certificate of Insurance 31

your for beyond beyond Mortgage including the for for Critical Illness Mortgage Mortgage Critical . If any of these additional. If any for for Mortgage Critical and Illness ; or Critical Illness and Life Insurance Critical and Life Illness Cancer (life-threatening), Acute Acute Cancer (life-threatening), or Continuation Coverage of or know in writing. know or Critical Insurance Illness Cancer you Continuation Coverage of for for coverage starts. coverage a life-threatening tumour characterized by the by tumour characterized a life-threatening coverage for for coverage does not include: your will let or the , as more fully described in the “ , as more Life Insurance Life

we , , if applicable. Continuation Coverage of Application you Stroke that has not spread beyond the deepest layer of the skin; the deepest layer beyond that has not spread Mortgage Insurance Life Critical Illness and Life Insurance Critical and Life Illness or the and the completed written, printed, electronic and/or telephone and/or electronic written, printed, the completed and or ” section. Cancer a cerebrovascular event producing neurological sequelae lasting neurological producing event a cerebrovascular does not include: Transient Ischemic Attacks Transient any diagnosis or investigation leading to a diagnosis, which occurs investigation diagnosis or any within 90 days when Kaposi’s sarcoma; Kaposi’s Stage A (T1A or T1B) prostate malignant melanoma to a depth of .75mm or less; to a depth of .75mm malignant melanoma skin carcinoma in situ; carcinoma

• • • • • • • Certificate of Insurance of measurable, objective neurological deficit. neurological objective of measurable, Stroke Stroke: hemorrhage thrombosis, days and caused by than 30 consecutive more is evidence which there and for source, an extra-cranial or embolism from Heart Attack Insurance apply if seeking to maintain credit protection on their protection apply if seeking to maintain credit of coverage. period their 5-year Critical Insurance: Illness Creditor Defined Plan: Creditor Life for up to a maximum of $500,000 period of coverage, a 5-year for in this plan must re- Critical Illness.enrolled Individuals for and $500,000 Cancer (life-threatening) Health Questionnaire Cancer (life-threatening): of malignant cells. and spread growth uncontrollable Illness Insurance and Life Insurance and Life Insurance Illness Mortgage Insurance Life Insurance Life Application: for application Insurance Life The following sections explain additional conditions that may apply to sections explain The following Insurance Life conditions apply to Additional Conditions to Coverage Additional Definitions ContinuedDefinitions The additional conditions to coverage are subject to all exclusions and limitations to Life Insurance and Critical Illness Insurance coverage outlined in the following sections: • “When We Will Not Pay a Life Benefit or Terminal Illness Benefit”, page 22 • “When We Will Not Pay An Accidental Dismemberment Benefit”, page 23 • “When We Will Not Pay A Critical Illness Insurance Benefit”, page 28 • “When We May Not Pay Any Benefit And Terminate All Your Coverage”, page 29 • “When your Life Insurance Ends”, page 25, and • “When your Critical Illness Insurance Ends”, page 29. Creditor Defined Plan The Creditor Defined Plan provides the same coverage as Mortgage Life Insurance or Critical Illness and Life Insurance, up to a maximum of $500,000 for Life Insurance and $500,000 for Critical Illness Insurance but is limited to a 5-year period. Note: Please refer to the “Life Insurance” and “Critical Illness Insurance” sections on pages 20 and 26 for all applicable terms and conditions. To be considered for the Creditor Defined Plan, you will need to provide your consent on your Application. Your consent to be enrolled does not guarantee your enrollment in coverage. We may not be able to provide you with any coverage if you do not meet our standard approval criteria. If you consent, there are two circumstances when you may be enrolled in the Creditor Defined Plan: • Depending on your answers to the questions on the Health Questionnaire, we may determine that you do not qualify for coverage on the full term of your Mortgage. In this case, you will be enrolled in the Creditor Defined Plan if you meet our standard approval criteria; or • In the event that we are unable to reach you to complete the Health Questionnaire and complete our approval process, we will not be able to consider you for coverage for the full term of your Mortgage. In this case, you will be enrolled in our Creditor Defined Plan if you meet our standard approval criteria. If you are enrolled in the Creditor Defined Plan, your coverage starts on the date we write to let you know that we have approved you for Life Insurance or Critical Illness and Life Insurance. Our 30-day review period described on page 49 applies if you are enrolled in the Creditor Defined Plan. At the end of the 5-year period following your coverage effective date,you will

32 Protection For Your Mortgage Certificate of Insurance

your your you Critical you your will not . existing existing coverage coverage and your Benefit Benefit your original ); on may offer may offer ; and amount at the time amount at had symptoms or had symptoms your we wish to maintain credit credit to maintain wish age at the time of age at the you , see pages 36 to 40. premiums are calculated are premiums being eligible to apply). you : 5-year period of coverage period of coverage 5-year your Mortgage you Mortgage for coverage at the end of at the coverage for your , Creditor Defined Plan Creditor your being discharged and being discharged and are refinancing refinancing and are Continuation Coverage of your Original Application your or investigation leading to a or investigation Critical Insurance Illness existing existing for for age and Application

your Critical Insurance Illness “pre-existing condition” “pre-existing for coverage if coverage for Mortgage

your original or Critical Insurance Illness your your . Application Continuation Coverage of Continuation Coverage of for the remainder of the remainder for Application Creditor Defined Plan Creditor Continuation Coverage of (this is called a complete a new a new complete Life Insurance Life Cancer (life-threatening) have applied for additional coverage, additional coverage, applied for have ; or you . you your Mortgageyour age at time of . If Will Not Pay a Not Pay Will and your Creditor Defined Plan Defined Creditor diagnosis of a covered condition occurs within 24 months of within 24 condition occurs diagnosis of a covered We are refinancing or replacing or replacing refinancing are are a Canadian resident; a Canadian are old; years and 69 18 between are have active active have apply within 30 days of Mortgage being terminated because of the discharge. coverage existing Individuals who are approved under the approved Individuals who are

are enrolled in the enrolled are are approved for for approved are ■ ■ Application without limitation, diagnostic services or measures), including prescribed including prescribed without limitation, diagnostic services or measures), months prior to the start of medication during the 24 diagnosis is a result of an illness or condition (whether this illness ordiagnosis is a result which for condition is diagnosed or undiagnosed) or services (including care consultation, tests, medical treatment, received your under becoming covered you you you starts. In this instance, all insurance premiums will be refunded. premiums starts. In this instance, all insurance a diagnosis of within 90 days when diagnosis, occurs Illness Insurance Illness

Application Certificate of Insurance • • • • • you you under based on When If (subject to the maximum coverage amounts and coverage to the maximum (subject to apply for be eligible To Mortgage Continuation Coverage of the 5-year period, premium rates will be based on will rates period, premium the 5-year new If Premiums are calculated based on calculated are Premiums of need to complete a new a new to complete need on protection “Recognition of Prior Coverage” on page 36. of Prior Coverage” “Recognition eligibility and details on For Note: as described under section of prior coverage recognition for be considered Partial Coverage If the total of all your Mortgages insured with Life Insurance or Critical Illness and Life Insurance exceeds $1,000,000, we may offeryou partial Life Insurance or partial Critical Illness and Life Insurance. Insured Benefit Percentage If your Mortgage is greater than $300,000, you may choose to apply for partial coverage by selecting an Insured Benefit percentage on your Application. The percentage selected for both Critical Illness Insurance and Life Insurance must be the same and is subject to approval conditions. In addition, the Insured Benefit percentage selected for Critical Illness Insurance cannot be greater than the percentage selected for Life Insurance coverage. Once your approval process is complete, if we determine the selected Insured Benefit percentage for Critical Illness Insurance requires adjustment (based on the conditions stated above), we will make the necessary change to the Insured Benefit percentage you are approved for. In this case, your maximum partial coverage amount will be a lower percentage of your Mortgage than you applied for. We will specify this percentage in the letter we send approving you for coverage. The following two examples illustrate when we would offer partial coverage: For Example: • You have $300,000 Life Insurance or Critical Illness and Life Insurance coverage on your first Mortgage. • You are approved for a second Mortgage for $1,000,000 and applied for Life Insurance or Critical Illness and Life Insurance. • Since maximum coverage offered is $1,000,000, the remaining coverage available on your second mortgage is $700,000. This is 70% of your second Mortgage amount ($700,000/$1,000,000). • If at claim time the balance on your second Mortgage is $100,000, then the maximum amount payable under your partial coverage will be 70% of your balance on your second Mortgage (70% of $100,000 = $70,000).

34 Protection For Your Mortgage Certificate of Insurance

35 your must . The Your or as equates to Life Insurance Life is greater than is greater Application Life Insurance Insurance Life approval letter approval branches. branches. percentage must percentage must complete a our your Application your are provided with provided are you Application and/or and/or will be insured for 100% for will be insured balance in coverage. balance you apply for apply for will communicate the will communicate is $1,000,000, then the is $1,000,000, you your Application your percentage may be adjusted percentage you your Mortgageyour we Insured Benefit Insured TD Canada Trust percentage percentage percentage, a new a new percentage, partial coverage will be $830,000 be $830,000 will partial coverage percentage on percentage . your Mortgageyour your . , will be used to calculate the partial your Mortgageyour you is subject to the $1,000,000 maximum is subject to the $1,000,000 Partial Coverage Partial . premiums will be re-calculated based on will be re-calculated premiums Critical Insurance Illness have been approved for in for been approved have your Insured Benefit Insured your your you Your Application Insured Benefit Insured percentage selected on percentage your Insured Benefit Insured your partial coverage amount cannot be lower than amount cannot be lower partial coverage Mortgages your Insured Benefit Insured your and no partial coverage will be granted. will be granted. and no partial coverage amount is greater than $1,000,000, partial coverage will partial coverage than $1,000,000, amount is greater amount is $300,000 or less, amount is $300,000 percentage selected at the time of percentage balance is $1,200,000 when is $1,200,000 balance Your your Mortgageyour approval process. In this case process. approval select for both select for approval letter to approval percentage percentage

our our you Insured Benefit Insured your Mortgageyour Critical Illness and Life Insurance Critical and Life Illness . your Mortgageyour your Mortgageyour wish to decrease wish to decrease wish to increase wish to increase If the If of maximum amount payable under payable maximum amount of $1,200,000). (83% 83% ($1,000,000 ÷ $1,200,000) of ÷ $1,200,000) ($1,000,000 83% balance on If at claim time the Your Mortgage Your or is $1,000,000, offered coverage Since maximum $300,000 on $300,000 If be granted. a coverage amount below $300,000, the $300,000, amount below a coverage amount of a minimum of so that it equates to a coverage be re-adjusted may choose to apply for partial coverage if partial coverage for may choose to apply

you Certificate of Insurance • • • • • • you you Notification of Change Form available at all available Notification of Change Form indicated in amount. coverage Therefore: $300,000. coverage amount. coverage Benefit Insured Your Insured Benefit Insured to The total of all insured percentage percentage However, must be the same. of as a result You selecting an by $300,000 For Example: Example: For If If be completed. If approved, age at the date of the new Making Changes To Making Changes To premiums will be re-calculated based on your age at the date of your Original Application. Your new coverage amount will be in effect the dateyou sign the Notification of Change form.

Recognition of Prior Coverage If you are transferring a line of credit to a Mortgage and you: • do not meet our health requirements; or • you are over age 55 but under 70, and • were insured with us under a previous line of credit with coverage other than our Creditor Defined Plan; then We may approve you for full or partial coverage on your Mortgage, based on the amount previously insured. The maximum coverage amount under recognition of prior coverage will be a percentage based on the outstanding insured balance of the discharged/closed line of credit divided by the new Mortgage amount. We will specify the amount of coverage in the letter we send you approving you for coverage. To qualify for recognition of prior coverage, you must apply within 30 days of the closure of your existing TD Canada Trust line of credit. For Example: • The current balance on your existing line of credit is $50,000 and is being replaced by a new Mortgage for $100,000. • Coverage approved on your new Mortgage will be 50% ($50,000 ÷ 100,000). • If at claim time the balance on your Mortgage is $78,000, then the maximum benefit amount payable to your Mortgage would be 50% of $78,000 ($39,000).

Continuation of Coverage

Continuation of Coverage for Life Insurance We may offeryou continuation of your existing Life Insurance on your new Mortgage. You are eligible to apply if you: • are a Canadian resident; • are between 18 and 69 years old; • refinancing or replacing your existing Mortgage; and ■ have active Life Insurance on your existing Mortgage; or

36 Protection For Your Mortgage Certificate of Insurance . 37

sign . For . For you would your you

has been and are and are existing existing existing your , if no your your is $50,000 and is is $50,000 age when age when Creditor DefinedCreditor . Continuation of Mortgage your Mortgageyour your your Original Application your your Mortgageyour new new on the balance). Mortgage is $78,000. is $78,000. have approved approved have and your will need to complete a new will need to complete Continuation Coverage of being discharged and and discharged being we you on for $100,000. for coverage greater than greater coverage Mortgage

your Mortgageyour existing coverage amount. coverage existing know that know your Mortgageyour is subject to the $1,000,000 maximum is subject to the $1,000,000 existing insured insured existing your you your Mortgage Life Insurance Application. Insurance Life your effective date will be either: effective premium rate is based on is based rate premium effective date is the date of effective Continuation Coverage of coverage that is equal to or less than coverage existing coverage amount is less than or equal to coverage existing than $500,000, amount is greater coverage existing and your Life Insurance Life Mortgages Your your Continuation Coverage of . your your write to let your Continuation of Coverage Application Continuation Coverage your of Continuation Coverage of we coverage start date is as follows: start is as follows: date coverage

may be automatically eligible for the coverage amount the coverage eligible for may be automatically are required to complete a Confirmation of complete a Confirmation to required are Life Insurance Life your you you apply for apply for the date of the date apply within 30 days of days of within 30 apply underwriting is required; or underwriting is required; existing coverage being terminated because of the discharge. terminated because being coverage existing For details about For

are applying for applying for are are applying for additional coverage, additional coverage, applying for are ■ ■ ■ see page 32. For any additional any For amount, coverage For For the amount, coverage be $78,000 (the full amount of be $78,000 The maximum benefit amount that can be paid to The maximum benefit amount that can approved for $100,000 in coverage. in coverage. $100,000 for approved claim time, the balance on At being replaced by a new a new by being replaced You The current balance on The current Confirmation of Continuation of Coverage Application Confirmation Continuation Coverage of of may be eligible for partial coverage under partial coverage may be eligible for will not receive more than more will not receive

• • Certificate of Insurance • • • • you you approved, approved, coverage amount. coverage If You on page 34. section Coverage” full details please see the “Partial The total of all insured For Example: Example: For Mortgage Critical Illness Note: Plan you If $500,000 $500,000 of coverage. $500,000 subject to a total maximum of apply for, if Prior to refinance, the if Prior to refinance, To apply, apply, To Application Coverage Confirmation of Continuation of Coverage Application* if underwriting is required. *All Confirmation of Continuation of Coverage Applications are subject to our underwriting practices in place at the time you submit the Application. We reserve the right to change our underwriting requirements and the questions in the Applications at any time. Important: The validity of your original coverage and the answers you provided in your Original Application, are material to us issuing Continuation of Coverage. Any misrepresentation or failure to disclose information in your Original Application may result in cancellation of your Continuation of Coverage. Continuation of Coverage, is subject to the exclusions and limitations to Life Insurance coverage outlined in sections “When We Will Not Pay a Life Benefit or Terminal Illness Benefit” and “When We Will Not Pay An Accidental Dismemberment Benefit”. Please see pages 23 and 24 for a list of exclusions and limitations.

Continuation of Coverage for Critical Illness Insurance We may offeryou continuation of your existing Critical Illness Insurance on your new Mortgage. You are eligible to apply if you: • are a Canadian resident; • are between 18 and 69 years old; • are refinancing or replacing your existing Mortgage; and ■ have active Critical Illness Insurance on your existing Mortgage; or

■ apply within 30 days of your Mortgage being discharged and your existing coverage being terminated because of the discharge. To apply, you are required to complete a Confirmation of Continuation of Coverage Application. Your premium rate is based on your age when you sign the Confirmation of Continuation of Coverage Application. Prior to refinance, if your existing coverage amount is less than or equal to $500,000 you may be automatically eligible for the coverage amount you apply for, subject to a total maximum of $500,000 of coverage. Prior to refinance, if your existing coverage amount is greater than $500,000, you will not receive more than your existing coverage amount. If you are applying for additional coverage, you will need to complete a new Mortgage Critical Illness and Life Insurance Application. Note: For details about Continuation of Coverage on the Creditor Defined Plan see page 32.

38 Protection For Your Mortgage Certificate of Insurance 39

. For . For your you

would your

has been and are and are you your Critical Continuation , if no for for approval approval reserve the reserve is $50,000 and is and is $50,000 our We Mortgage . issuing your Mortgageyour your Continuationyour of benefit, if: your Mortgageyour us new new balance). is $78,000. is $78,000. Mortgage have approved approved have and your coverage greater than greater coverage Continuation Coverage of . we Application * if underwriting is required. on are subject to are effective date is the date of effective for $100,000. for , are material to , are effective date will be either: effective your coverage that is equal to or less than coverage your Mortgageyour know that know your Mortgageyour is subject to the $1,000,000 maximum is subject to the $1,000,000 submit the existing insured insured existing your your you Applications original coverage and the answers and the answers original coverage

your Continuation of Coverage Continuation Coverage your of diagnosis is a result of an illness or condition diagnosis is a result Critical Insurance Illness you Mortgage your your your may result in cancellation of may result . Critical Insurance Illness Mortgages Continuation Coverage of Critical Insurance Illness and underwriting requirements and the questions in the underwriting requirements write to let your Continuation of Coverage Application Continuation Coverage your of Continuation Coverage of we our will not pay a coverage start date is as follows: start is as follows: date coverage

we at any time. at any . Any misrepresentation or failure to disclose information in information to disclose or failure misrepresentation . Any your Original Application your Critical Insurance Illness The validity of The validity your . diagnosis of a covered condition occurs within 24 months of within 24 condition occurs diagnosis of a covered existing coverage amount, coverage existing apply for apply for the date the date of Continuation of Coverage Application Continuation Coverage of underwriting is required; or underwriting is required;

are applying for applying for are ■ ■ Continuation Coverage of your under becoming covered Insurance Illness For any additional any For amount, coverage existing your Original Application For the For be $78,000 (the full amount of (the full amount be $78,000 The maximum benefit amount that can be paid to The maximum benefit approved for $100,000 in coverage. in coverage. $100,000 for approved balance on claim time, the At The current balance on The current a new by being replaced You may be eligible for partial coverage under partial coverage may be eligible for

• • • Certificate of Insurance • • • • you All

Coverage Please note, provided in provided Coverage of Original Application your right to change Applications Important: * in place at the time practices If approved, The total of all insured The total of all insured for amount coverage You section on page 34. Coverage” the “Partial full details please see For Example: Example: For (whether this illness or condition is diagnosed or undiagnosed) for which you had symptoms or received medical consultation, tests, treatment, care or services (including without limitation, diagnostic services or measures), including prescribed medication, during the 24 months prior to the start of your Continuation of Coverage Critical Illness Insurance (this is called a “pre- existing condition”). Continuation of Coverage is also subject to the exclusions and limitations to Critical Illness Insurance coverage outlined in section “When We Will Not Pay a Critical Illness Insurance Benefit”. Please see page 28 for a list of these exclusions and limitations.

Premium Information for Critical Illness and Life Insurance

• Critical Illness Insurance premiums and Life Insurance premiums for each covered borrower or guarantor are calculated separately at the time each borrower or guarantor applies for coverage and billed jointly. • You may qualify for an insurance premium reduction if you make a minimum lump sum payment of at least 10% of the original Mortgage balance or $5,000 on Mortgages of $50,000 and over. Speak to your branch representative or call 1-888-983-7070 to see if you qualify.** • A 25% multi-insured discount will apply to your Life Insurance premium if there is another person insured* with Life Insurance related to this Mortgage. • A 25% multi-insured discount will apply to your Critical Illness Insurance premium if there is another person insured* with Critical Illness Insurance related to this Mortgage. • For Insured Benefit amounts between $300,000 and $500,000 a 25% decrease will be applied to the rate used to calculate the cost of your insurance (please refer to premium calculation example on page 44 for details). • For Insured Benefit amounts over $500,000 a 35% decrease will be applied to the rate used to calculate the cost of your insurance (please refer to premium calculation example on page 44 for details). • The rate to calculate your premium is based on your age when you apply or re-apply for coverage. This also applies to Continuation of Coverage. • Provincial sales taxes are added to your premiums, if applicable. *Multi-insured discounts are calculated based on the date of an individual’s Application.

40 Protection For Your Mortgage Certificate of Insurance 41 will

we $1.02 Illness $1.82* $2.32* $2.65* Critical Insurance will refund will refund and will not we . effective date; and effective Life Life $1.66 $1.06 $0.79 $0.56 Insurance your Application age at Age Continuation Coverage of 51 to 55 your 61 to 65 66 to 69 66 56 to 60 56

$0.14 $0.19 $0.45 $0.26 $0.69 Illness Critical Insurance will decrease the benefit amount by the amount underpaid the benefit amount by will decrease will refund the excess premiums calculated at the time a premiums the excess will refund we reapply for coverage or rates change for all insured persons all insured change for or rates coverage for reapply we Life Life $0.17 $0.13 $0.32 $0.24 $0.46 . Premium rates may change at any time. If rates change If rates time. may change at any rates . Premium you Insurance Policy are not eligible for insurance, all coverages under this Certificate of all coverages insurance, not eligible for are are still eligible for insurance, the premium amount will be adjusted to the the premium insurance, still eligible for are If underpaid, If overpaid, If overpaid, claim is made against this Certificate of Insurance; or claim is made against this Certificate of Insurance; Certificateat the time a claim is made against this of Insurance; Premiums are calculated based on are Premiums

you

you ■ ■ Age Insurance will be considered never to have been in force and in force been to have never will be considered Insurance paid. all premiums If If date of birth at amount based on the correct correct

31 to 35 31 41 to 45 41 18 to 30 18 46 to 50 46 36 to 40 Certificate of Insurance • • *Available only under Recognition of Prior Coverage and of Prior Coverage only under Recognition *Available Premium Rates Premium of single coverage: per $1,000 rates Monthly premium age, the following may apply: may apply: age, the following Misstatement of Age Misstatement an incorrect based on person an insured is issued on If a Certificate of Insurance increase unless increase under the notice. written 30 days advance provide rates do not include provincial sales taxes. do not include provincial rates Note: required for premium re-calculation. Retroactive premium refund requests will requests refund premium Retroactive re-calculation. premium for required not be honored. These in the table below. shown are of coverage per $1,000 rates The premium stated above do not qualify for premium re-calculation. Previous payments Previous re-calculation. premium do not qualify for stated above lump sum payment up the minimum to make added together cannot be ** Premiums are re-calculated based on the original amount less amount on the original based lump sum the re-calculated are ** Premiums payments less the amounts than Any payment, and rate. the original age using How To Calculate Your Premium We will withdraw your insurance premiums, plus any applicable provincial sales taxes as part of your regular Mortgage payment. They will be converted to the payment frequency that you choose for your Mortgage payment. To calculate your monthly premium: 1. Find the rate that applies to you in the table. 2. Multiply it by the insured amount of your Mortgage as of the date you apply for coverage or the date it is funded, whichever is later. 3. Divide the answer by 1,000. 4. Apply the multi-insured discount, if applicable. 5. Apply provincial sales tax, if applicable. To calculate your partial coverage monthly premium: 1. Determine your Insured Benefit percentage. 2. Multiply it by the amount of your Mortgage to find the insured amount as of the date you apply for coverage or the date it is funded, whichever is later. 3. Find the rate that applies to you in the table. 4. Multiply it by the insured amount of your Mortgage. 5. Divide the answer by 1,000. 6. Apply the rate reduction, if applicable. 7. Apply the multi-insured discount, if applicable. 8. Apply provincial sales tax, if applicable. For payment frequencies other than monthly, pro-rated premiums will apply.

42 Protection For Your Mortgage Certificate of Insurance

43 monthly Your have a $100,000 a $100,000 have . Critical Insurance Illness you and Mortgage $45,000 ÷ 1000 = $45.00 $45,000 = $33.75 – 25% $45.00 Critical Illness 100% = 100,000 100% x 100,000 = $0.45 + $0.26 $0.19 = $45,000 × $100,000 $0.45 100% = 100,000 100% x 100,000 $0.19 = $19,000 × $100,000 $0.19 ÷ 1000 = $19.00 $19,000 N/A Critical Illness Life Insurance Life have a $100,000 a $100,000 have spouse is 36, and together and together spouse is 36, you combined monthly insurance premium for joint for premium combined monthly insurance your Your $0.17 + $0.24 = $0.41 + $0.24 $0.17 = $41,000 × $100,000 $0.41 ÷1000 = $41.00 $41,000 = $30.75 – 25% $41.00 Life 100% = 100,000 100% x 100,000 $0.17 = $17,000 × $100,000 $0.17 = $17.00 ÷ 1000 $17,000 N/A Life 100% = 100,000 100% x 100,000 and are both applying for both applying for and are are 34 years old, years 34 are are 34 years old and old years 34 are Certificate of Insurance Step 6: sales tax plus applicable provincial = $64.50, + $33.75 $30.75 Monthly premium Step 4: Step 5: Step 2: Step 3: Step 1: Step 6: sales tax plus applicable provincial = $36.00, + $19.00 $17.00 Monthly premium Step 4: Step 5: Step 2: Step 3: Step 1: Mortgage at the same time. be: would coverage Multiple Applicants You Single Applicant You be: would premium insurance Examples: Multiple Applicants with Mortgage greater than $300,000 You are 34 years old, your spouse is 36, and together you have a $400,000 Mortgage and are both applying for Life Insurance and Critical Illness Insurance at the same time. Your combined monthly insurance premium for joint coverage with a rate reduction would be:

Life Critical Illness Step 1: 100% 100% Step 2: 100% x 400,000 = 100% x 400,000 = Premium calculation on first $300,000 Step 3: $0.17 + $0.24 = $0.41 $0.19 + $0.26 = $0.45 Step 4: $0.41 × $300,000 = $123,000 $0.45 × $300,000 = $135,000 Step 5: $123,000 ÷1000 = $123.00 $135,000 ÷ 1000 = $135.00 Step 6: $123.00 – 25% = $92.25 $135.00 – 25% = $101.25 Premium calculation on portion between $300,000 and $500,000 Step 7: $0.17 + $0.24 = $0.41 $0.19 + $0.26 = $0.45 Step 8: $0.41 × $100,000 = $41,000 $0.45 × $100,000 = $45,000 Step 9: $41,000 ÷1000 = $41.00 $45,000 ÷ 1000 = $45.00 Step 10: $41.00 – 25% = $30.75 $45.00 – 25% = $33.75 Step 11: $30.75 – 25% = $23.06 $35.75 – 25% = $25.31 $92.25 + $23.06 = $115.31 $101.25 + $25.31 = $126.56

Monthly premium $115.31 + $126.56 = $241.87, plus applicable provincial sales tax

Multiple Applicants with Mortgage greater than $500,000; one applicant with partial coverage You are 41 years old, your spouse is 39, and together you have a $700,000 Mortgage and are both applying for Life Insurance and Critical Illness Insurance at the same time. You are covered for the full Mortgage amount while your spouse is covered for 75% partial coverage. Your combined monthly insurance premium for joint coverage rate reduction would be:

Insurable Amount Customer 1 $700,000 Customer 2 $700,000 x 75% = $525,000

44 Protection For Your Mortgage Certificate of Insurance 45

Insured Benefit Insured $0.26 x 25,000 = $6,500 x 25,000 $0.26 = $6.50 ÷ 1,000 $25,000 = $4.23 – 35% $6.50 = $3.17 – 25% $4.23 + $43.88 + $79.87 $159.75 = $286.67 + $3.17 $142,000 ÷ 1000 = $142.00 $142,000 = $106.50 – 25% $142.00 = $79.87 – 25% $106.50 = $90,000 x $200,000 $0.45 = $90.00 ÷ 1,000 $90,000 $58.50 = – 35% $90.00 = $43.88 – 25% $58.50 $0.45 + $0.26 = $0.71 + $0.26 $0.45 $213,000 × $300,000= $0.71 ÷ 1000 = $213.00 $213,000 = $159.75 – 25% $213.00 = $0.71 + $0.26 $0.45 $142,000 × $200,000= $0.71 Critical IllnessCritical 75% 700,000 x 75% amount insured = 525,000

Premium calculation on portion between on portion calculation between Premium Insured Benefit Insured $300,000 and $500,000 of the insured amount of the insured and $500,000 $300,000 $1,000,000 of the insured amount for Customer 1 amount for of the insured $1,000,000 $1,000,000 of the insured amount for Customer 2 amount for of the insured $1,000,000 Premium calculation on portion between $500,000 and $500,000 calculation on portion between Premium Premium calculation on portion between $500,000 and $500,000 calculation on portion between Premium + $2.93 = $223.13 + $2.93 $6,000 ÷ 1,000 = $6.00 ÷ 1,000 $6,000 = $3.90 – 35% $6.00 = $2.93 – 25% $3.90 + $31.20 + $63.00 $126.00 $64.00 – 35% = $41.60 – 35% $64.00 = $31.20 – 25% $41.60 = $6,000 x $25,000 $0.24 $0.32 x $200,000 = $64,000 $200,000 x $0.32 = $64.00 ÷ $1,000 $64,000 $0.32 + $0.24= $0.56 + $0.24= $0.32 = $112,000 $200,000 × $0.56 ÷1000= $112.00 $112,000 = $84.00 – 25% $112.00 = $63.00 – 25% $84.00 $168,000 ÷1000= $168.00 $168,000 = $126.00 – 25% $168.00 100% x 700,000 100% x 700,000 amount insured = 700,000 $0.56 + $0.24= $0.32 $168,000 × $300,000= $0.56 Life 100% Premium calculation on first $300,000 of the insured amount of the insured first $300,000 calculation on Premium Certificate of Insurance Monthly premium $223.13 + $286.67 = $509.80, plus applicable provincial sales tax plus applicable provincial = $509.80, + $286.67 $223.13 Monthly premium Step 18: Step 19: Step 16: Step 17: Step 15: Step 13: Step 14: Step 12: Step 11: Step 8: Step 9: Step 10: Step 7: Step 6: Step 4: Step 5: Step 3: Step 1: Step 2: Continuation of Coverage You are 35 years old, you have a $250,000 Mortgage and you refinance to $300,000. If you are eligible for Continuation of Coverage, your monthly insurance premium would be:

Original Coverage Continuation of Premium Rate Coverage Premium Rate Age 35 Age 40 Rate Per $0.17 for Life Rate Per $0.24 for Life $1000 $0.19 for Critical Illness $1000 $0.26 for Critical Illness Mortgage Mortgage $250,000 $300,000 Amount Amount Total Total Monthly $90.00 Monthly $150.00 Premium Premium Monthly premiums are based on your age at the time you apply or re-apply

Additional Information As a general rule, a Mortgage is insured if there is an outstanding balance. The following exception applies with respect to the purchase of real estate: • you enter into an Agreement of Purchase and Sale for a house or other real estate; and • TD Canada Trust commits to advance funds to pay for the real estate; and • you suffer a loss that would be covered under this Certificate of Insurance after coverage starts but before the funds are advanced; then in this instance, the amount of that Mortgage advanced by TD Canada Trust to pay for the real estate will be included to calculate the benefit.

46 Protection For Your Mortgage Certificate of Insurance : 47

italics

and Life Life

or the or Mortgage Critical TD Canada Trust for for

Life Insurance Life

Mortgage Insurance Life Critical Insurance Illness for for Mortgage Insurance Life Mortgage for for coverage starts; coverage ’ve Used Application your and We Continuation Coverage of or the ; or Continuation Coverage of must be made by a qualified cardiac specialist. a qualified cardiac must be made by or , if applicable. Cancer Mortgage Insurance Life heart muscle resulting from inadequate blood supply for which the blood supply for inadequate from heart muscle resulting is available for customers with existing with existing customers for is available for for does not include: your who have decided to refinance or replace their existing their existing or replace decided to refinance who have does not include: Acute Heart Attack Acute that has not spread beyond the deepest layer of the skin; the deepest layer beyond that has not spread Health Questionnaire and wish to continue with their existing coverage. and wish to continue with their existing Cancer coverage starts. coverage any diagnosis or investigation leading to a diagnosis, which occurs within 90 days when which occurs leading to a diagnosis, diagnosis or investigation any your skin sarcoma; Kaposi’s Stage A (T1A or T1B) prostate carcinoma in situ; carcinoma or less; malignant melanoma to a depth of .75mm an increase of cardiac bio-markers and/or enzymes in the blood stream enzymes in the blood stream and/or bio-markers of cardiac an increase or myocarditis. due to pericarditis corroborating event; event; corroborating angioplasty (a medical procedure enzymes due to coronary and/or bio-markers of cardiac an increase segments of ST elevations new are artery) unless there coronary the ballooning of a narrowed involving or infarction; an acute myocardial diagnostic for leads considered electrocardiogram in the involved an incidental finding of electrocardiogram changes suggesting a prior myocardial infarction with no infarction changes suggesting a prior myocardial an incidental finding of electrocardiogram an increase of cardiac bio-markers and/or enzymes found in the blood stream, as a result of damaged as a result in the blood stream, enzymes found and/or bio-markers of cardiac an increase infarction. an acute myocardial diagnostic for considered heart muscle tissue, to levels how the insured person came to suffer from the illness or condition; or from suffer came to person the insured how or unexpected. expected injury was or resulting whether the illness, defect condition or whether the illness or condition arose before or after before whether the illness arose or condition Mortgage Insurance Critical and Life Illness

• • • • • • • • • • • • • Certificate of Insurance Continuation Coverage of Critical Insurance Illness mortgage a life-threatening tumour characterized by the uncontrollable growth and spread of malignant cells. and spread growth the uncontrollable by tumour characterized a life-threatening Cancer (life-threatening) Continuation Coverage of including the the completed written, printed, electronic and/or telephone application for telephone application for and/or the completed written, printed, electronic or Insurance and Life Insurance Illness Diagnosis of the Heart Attack Acute the death of a portion of confirmed: are test results following a violent, sudden and unexpected action from an external source but does not include injuries resulting source an external action from a violent, sudden and unexpected of: regardless illness, defect, condition or congenital medical any from or indirectly either directly Continuation of Coverage Cancer (life-threatening) Application Acute Heart Attack Acute Accident Accident The Certificate of Insurance used the following terms, which are identified in terms, which are used the following The Certificate of Insurance Definitions Of The Terms OfDefinitions Terms The Definitions Continued

Creditor Defined Plan Life Insurance or Critical Illness and Life Insurance for a 5-year period of coverage, up to a maximum of $500,000 for Life and $500,000 for Critical Illness. Individuals enrolled in this plan must re-apply if seeking to maintain credit protection on their Mortgage beyond their 5-year period of coverage.

Critical Illness Insurance coverage for Cancer (life-threatening), Acute Heart Attack and Stroke, as more fully described in the “Critical Illness Insurance” section.

Health Questionnaire the detailed questionnaire that must be completed in order to be considered for coverage on the full term of your Mortgage if you answer “YES” to any of the health questions on the Application.

Insured Benefit the amount you choose to insure of your Mortgage balance. You may select an Insured Benefit percentage on the Application for Mortgages greater than $300,000 or we may communicate the coverage percentage of your Mortgage balance in the approval letter sent to you.

Life Insurance includes life, terminal illness and accidental dismemberment coverages.

Mortgage your TD Canada Trust conventional or default insured Mortgage. Mortgage does not include self-directed RSP mortgages or mortgage on commercial properties.

Original Application The Application completed when you apply for Life Insurance or Life and Critical Illness Insurance for the first time with us and which results in the issuance of the original coverage.

Policy group Policy #G/H.60154 issued by Canada Life to TD Bank, which provides life, terminal illness and optional critical illness coverages, and group Policy #G/H.60154AD issued by TD Life to TD Bank, which provides accidental dismemberment coverage.

Stroke a cerebrovascular event producing neurological sequelae lasting more than 30 consecutive days and caused by thrombosis, hemorrhage or embolism from an extra-cranial source, and for which there is evidence of measurable, objective neurological deficit. Stroke does not include: • Transient Ischemic Attacks

TD Bank The Toronto-Dominion Bank.

TD Canada Trust TD Bank and those of its affiliates that provideMortgages .

We, us and our TD Life for accidental dismemberment coverage, and Canada Life for all other coverages, as applicable.

48 Protection For Your Mortgage General Information

your your offer a offer we Insurance

TD Canada coverages.

Life Insurance Life your were to die, suffer to die, suffer were Life Life representative will representative . That’s why why . That’s and you Critical Illness us are dissatisfied with are and remain eligible to apply, eligible to apply, remain . you and you Life Policy from taking advantage of low-cost of low-cost taking advantage from Critical Illness

TD Canada Trust coverage within the first 30 days, within the first coverage

or the you your Your . Mortgage . If for any reason reason any . If for family be able to take care of the payments needed care be able to take family Life Insurance Life

with a Mortgages * remains in force and in force * remains

may cancel your you you your Policy This is the end of the Certificate This is the end of the Insurance. of Mortgage Change Your Mind? Change Your aren’t required to have this product to obtain any to obtain any this product to have required aren’t home? You . Sign Up At Any Time? Any At Sign Up You your You The pages that follow contain helpful information about information contain helpful The pages that follow products or services. But remember the benefits. If or services. But remember products satisfaction and financial security are importantto and financial security are satisfaction Insurance Commonly Asked Questions About Asked Commonly Mortgage Critical Illness Certificate of Insurance the borrower(s) or guarantor(s) who is/are insured under the insured who is/are or guarantor(s) the borrower(s) The Toronto-Dominion Bank The Toronto-Dominion You and your and You TD Canada Trust TD Canada Definitions ContinuedDefinitions premiums will be refunded and coverage will be considered never to have been to have never will be considered and coverage will be refunded premiums is not provided. 30 days, a refund If a claim is made within the first in force. insurance coverage, coverage, insurance Your guarantee 30-day money-back What If coverage to protect to protect coverage be pleased to provide Application Can As long as the Yes. preventing no time constraints are there illness without it, would in to live is optional. Trust diagnosed with a terminal illnessan accidental dismemberment or be or critical Is This Insurance Mandatory?Is This Insurance the Applying for You can cancel your own coverage at any time without the consent of the other borrowers by phone or by written request. To Cancel By Phone You can call TD Life at 1-888-983-7070 and, if we are able to confirm your identity, you will be able to cancel your coverage. In that case, your cancellation will start as soon as we complete the call. To Cancel By Written Request You can obtain a cancellation form at any TD Canada Trust branch, or by calling TD Life. Please send the form to the address at the back of this booklet. If you cancel your coverage by written request, we will honour your request on the date we receive it. We will refund any premiums we may owe you after your coverage has been cancelled.

Is Your Balance Covered In Full? There are situations where your insurance coverage is less than your outstanding debt. The maximum available coverage on all your TD Canada Trust Mortgages combined is: • $1,000,000 for Life Insurance; and • $1,000,000 for Critical Illness Insurance. If the total of all your Mortgages is higher, you may have partial coverage on some of the Mortgages. Also, if you’re not eligible for insurance based on your health or age, you might be approved for coverage if you were insured on a previous product. Sometimes, depending on the amount you were previously insured for, the maximum benefit under your new Mortgage may be less than the Mortgage amount. For more information, please refer to sections “Maximum Life Insurance Amounts You Can Apply For” and “Maximum Critical Illness Insurance Amounts You Can Apply For” in this booklet.

Can Your Insurance End Before You Pay Off The Debt? There are situations where your coverage may end before you pay off the balance in full and close your Mortgage.

For Example: Your insurance will end when you turn 70 years old or if your insurance premiums are in arrears for more than three months.

50 Protection For Your Mortgage General Information 51

Policy Life other products other products and , which provides , which provides . Life Insurance Life you Life Insurance Life

you and Your . TD Bank Critical Illness

Ends” in this booklet. Ends” which provides accidental which provides Critical Illness

. No information is shared without is shared . No information . Mortgage 1-888-983-7070

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you ’ve agreed to share information, as described in the attached information, to share ’ve agreed Your to authorize TD Life to share any non health-related non health-related any to share TD Life to authorize Personal Information Treated? Information Personal #G/H.60154 issued by Canada Life to Canada Life issued by #G/H.60154 you you , , please contact TD Life at , please contact TD Life Your Policy right to privacy is important to right to privacy written approval. In written approval. may withdraw this permission to share information at any time by time by at any information to share this permission may withdraw also ask Certificate of Insurance dismemberment coverage. dismemberment coverage. *Group *Group and group terminal illness illness and optional critical coverages life, to TD Life issued by #G/H.60154AD For information or questions on information For Insurance contacting TD Life at contacting TD Life Information? More For Who Do I Contact and services and maintain a business relationship with and services and maintain a business relationship You Privacy Agreement. Privacy We about information Your your Application How is How For more information, please refer to sections “When to sections refer please information, more For or “When Ends” Privacy Agreement

In this Agreement, the words “you” and “your” mean any person, or that person’s authorized representative, who has requested from us, or offered to provide a guarantee for, any product, service or account offered by us in Canada. The words “we”, “us” and “our” mean TD Bank Group (“TD”). TD includes The Toronto Dominion Bank and its world-wide affiliates, which provide deposit, investment, loan, securities, trust, insurance and other products or services. The word “Information” means personal, financial and other details about you that you provide to us and we obtain from others outside TD, including through the products and services you use. You acknowledge, authorize and agree as follows:

Collecting And Using Your Information At the time you request to begin a relationship with us and during the course of our relationship, we may collect Information including: • details about you and your background, including your name, address, contact information, date of birth, occupation and other identification • records that reflect your dealings with and through us • your preferences and activities. This Information may be collected from you and from sources within or outside TD, including from: • government agencies and registries, law enforcement authorities and public records • credit reporting agencies • other financial or lending institutions • organizations with whom you make arrangements, other service providers or agents, including payment card networks • references or other information you have provided • persons authorized to act on your behalf under a power of attorney or other legal authority • your interactions with us, including in person, over the phone, at the ATM, on your mobile device or through email or the Internet • records that reflect your dealings with and through us. You authorize the collection of Information from these sources and, if applicable, you authorize these sources to give us the Information.

52 Protection For Your Mortgage General Information

when we buy a business or sell all or partwhen we of our business or when considering those transactions to the estate representative of the deceased, except in Quebec where the in Quebec where of the deceased, except to the estate representative up to and after the date liquidator is entitled to all account information of death on the death of a joint account holder with right of survivorship, we may we with right of survivorship, on the death of a joint account holder the joint account up to the date of death regarding information any release us (including for any products or services provided or made available by the by or made available or services provided products any us (including for services us), or accounts with product, as partyour of network payment card to you available may make they contests or other promotions any or for or for us, or on our behalf or for or administer the payment to operate in order networks to payment card with have services you or accounts that supports the products, system card and regulatory requirements applicable to us requirements and regulatory you services for that perform agents and other organizations to suppliers, which we believe to be valid believe which we including self-regulatory regulators, from information for to meet requests a member or participant, or to satisfy are legal which we of organizations with your consent with your or other demand or request, warrant search to a court order, in response comply with applicable laws and requirements of regulators, including of regulators, laws and requirements comply with applicable organizations. self-regulatory help manage and assess our risks, operations and relationship with you and relationship operations assesshelp manage and our risks, you to us by an obligation owed or enforce help us collect a debt analyze your needs and activities to help us serve you better and develop better and develop you needs and activities us serve to help your analyze and services products new and error fraud and us against you help protect provide you with ongoing service and information related to the products, products, to the related service with ongoing information and you provide us hold with accounts and services you verify your identity your verify and reports transactions Application, accounts, your and process evaluate

Certificate of Insurance • • • • • • • • • • • • • • • Disclosing Your Information Disclosing Your including as follows: may disclose Information, We We will limit the collection and use of Information to what we require in order to order in require what we to of Information and use limit the collection will We business, to administer our as our customer and to: including you serve • to help us collect a debt or enforce an obligation owed to us by you • where permitted by law. Sharing Information Within TD Within TD we may share Information world-wide, other than health-related Information, for the following purposes: • to manage your total relationship within TD, including servicing your accounts and maintaining consistent Information about you • to manage and assess our risks and operations, including to collect a debt owed to us by you • to comply with legal or regulatory requirements. You may not withdraw your consent for these purposes. Within TD we may also share Information world-wide, other than health-related Information, to allow other businesses within TD to tell you about products and services. In order to understand how we use your Information for marketing purposes and how you can withdraw your consent, refer to the Marketing Purposes section below.

Additional Collections, Uses And Disclosures Social Insurance Number (SIN) – If requesting products, accounts or services that may generate interest or other investment income, we will ask for your SIN for revenue reporting purposes. This is required by the Income Tax Act (Canada). If we ask for your SIN for other products or services, it is your option to provide it. When you provide us with your SIN, we may also use it as an aid to identify you and to keep your Information separate from that of other customers with a similar name, including through the credit granting process. You may choose not to have us use your SIN as an aid to identify you with credit reporting agencies. Credit Reporting Agencies and Other Lenders – For a credit card, line of credit, loan, mortgage or other credit facility, merchant services, or a deposit account with overdraft protection, hold and/or withdrawal or transaction limits, we will exchange Information and reports about you with credit reporting agencies and other lenders at the time of and during the Application process, and on an ongoing basis to review and verify your creditworthiness, establish credit and hold limits, help us collect a debt or enforce an obligation owed to us by you, and/or manage and assess our risks. You may choose not to have us conduct a credit check in order to assess an Application for credit. Once you have such a facility or product with us and for a reasonable period of time afterwards, we

54 Protection For Your Mortgage General Information 55 – This section applies if you are applying for, requesting requesting applying for, are – This section applies if you - In order to prevent, detect or suppress financial abuse, fraud, criminal financial abuse, fraud, detect or suppress to prevent, - In order Certificate of Insurance perform a risk analysis and determine your premium. a risk analysis and determine your perform about you from credit reporting agencies at the time of, and during the agencies at the time of, reporting credit from about you creditworthiness, your and on an ongoing basis to verify Application process authenticating the information you provide in your Application or as part Application of in your provide you authenticating the information the claims process. may also obtain Information we to home and auto insurance, regard With With regard to life and health insurance, we may also obtain a personal we and health insurance, to life regard With and/or in connection with verifying prepared report investigation public information data banks, or insurance information bureaus, including bureaus, information or insurance data banks, public information of your of Canada, with knowledge Bureau and the Insurance Inc. MIB Group, Information. Information, including health- related Information. We may collect this We Information. including health- related Information, related medically- professional, health care or any you from Information who manage organizations agency, government company, insurance facility, prescreening for, modifying or making a claim under, or have included with or have modifying a claim under, or making for, prescreening insure, that we product service or account, product, an insurance your your collect, use, disclose and retain may, administer or sell. We reinsure, For these purposes, your Information may be pooled with data belonging to may be Information these purposes, your For analytics.other individuals and subject to data Insurance any database or registry used to check information provided against existing against existing provided used to check information registry database or any companies or financial or lending institutions. or other insurance information, or settle any actual or potential loss in connection with the foregoing, we may we foregoing, potential loss in connection with the actual or or settle any or organization, person to any Information and disclose your use collect from, of the operator body, or government regulatory agency, prevention fraud Fraud Fraud internal or external any assist us with our assets and interests, protect activity, suspicious activity or manage, defend into potentially illegal or investigation websites www.consumer.equifax.ca and www.transunion.ca. Once you have have Once you and www.transunion.ca. www.consumer.equifax.ca websites to consent your may not withdraw with us, you product credit any applied for of Information. this exchange Canada Inc., Trans Union of Canada, Inc. or any other credit reporting reporting other credit or any Inc. of Canada, Union Trans Canada Inc., information personal of your any may access rectify and You agency. their respective through contacting them directly filescontained in their by credit history and supports the credit granting and processing functions in functions and processing granting history and supports the credit credit Equifax from you about and reports Information may obtain We general. may from time to time disclose your Information to other lenders and credit credit and other lenders to Information your disclose to time time from may establish which helps your such Information, agencies requesting reporting We may use your Information to: • determine your eligibility for insurance coverage • administer your insurance and our relationship with you • determine your insurance premium • investigate and adjudicate your claims • help manage and assess our risks and operations. We may share your Information with any health-care professional, medically- related facility, insurance company, organizations who manage public information data banks, or insurance information bureaus, including the MIB Group, Inc. and the Insurance Bureau of Canada, to allow them to properly answer questions when providing us with Information about you. We may share lab results about infectious diseases with appropriate public health authorities. If we collect your health-related Information for the purposes described above, it will not be shared within TD, except to the extent that a TD company insures, reinsures, administers or sells relevant coverage and the disclosure is required for the purposes described above. Your Information, including health-related Information, may be shared with administrators, service providers, reinsurers and prospective insurers and reinsurers of our insurance operations, as well as their administrators and service providers for these purposes. Marketing Purposes – We may also use your Information for marketing purposes, including to: • tell you about other products and services that may be of interest to you, including those offered by other businesses within TD and third parties we select • determine your eligibility to participate in contests, surveys or promotions • conduct research, analysis, modeling, and surveys to assess your satisfaction with us as a customer, and to develop products and services • contact you by telephone, fax, text messaging, or other electronic means and automatic dialing-announcing device, at the numbers you have provided us, or by ATM, internet, mail, email and other methods. • With respect to these marketing purposes, you may choose not to have us: • contact you occasionally either by telephone, fax, text message, ATM, internet, mail, email or all of these methods, with offers that may be of interest to you • contact you to participate in customer research and surveys.

56 Protection For Your Mortgage General Information

– When speaking with one of our with speaking – When . Please read our Privacy Code for further details about Code for our Privacy . Please read 1-888-983-7070 Certificate of Insurance opt-out choices described in this Agreement, you may do so by contacting do so by may you choicesopt-out described in this Agreement, us at choices. opt-out your or other premises or send them to you by mail. You acknowledge, authorize acknowledge, mail. You by or send them to you or other premises such amendments. to be bound by and agree the of any time for consent at any your or withdraw wish to opt-out If you You acknowledge that we may amend this Agreement and our Privacy Code and our Privacy Agreement may amend this that we acknowledge You Code on Privacy and Agreement the revised will post We time to time. from at our branches them available also make may We listed above. our website further details about this Agreement and our privacy practices, visit www. practices, and our privacy further details about this Agreement a copy. us for or contact td.com/privacy This Agreement must be read together with our Privacy Code, which includes Code, Privacy together with our must be read This Agreement You Code. Apps Privacy Code and our Mobile our Online Privacy For Agreement. part Privacy of the Code forms the Privacy that acknowledge discussions with you. discussions Information More with us through social media, we may monitor and/or record our discussions record and/or may monitor we social media, with us through customer service to enhance to confirm our and mutual protection, our for Telephone and Internet discussions Internet and Telephone or messaging chat agents, live internet servicetelephone representatives, Protecting Your Personal Information

At The Canada Life Assurance Company (Canada Life), we recognize and respect the importance of privacy. When you apply for coverage, we establish a confidential file that contains your personal information. This file is kept in the offices of Canada Life or the offices of an organization authorized by Canada Life. You may exercise certain rights of access and rectification with respect to the information in your file by sending a request in writing to Canada Life’s address listed in this Application. We limit access to personal information in your file to Canada Life staff or persons authorized by Canada Life who require it to perform their duties and to persons to whom you have granted access. In addition, as personal information may be collected, used, disclosed or kept in or outside Canada, it may be subject to disclosure under applicable Canadian or foreign law. We collect, use and disclose the personal information to process this Application and, if this Application is approved, provide and administer the financial product(s) applied for, investigate and process claims, and create and maintain records concerning our relationship. For a copy of our Privacy Guidelines or if you have questions about our personal information policies and practices (including with respect to service providers), write to Canada Life’s Chief Compliance Officer or refer to www.canadalife.com. Chief Compliance Officer The Canada Life Assurance Company 330 University Ave Toronto, ON M5G 1R8 [email protected]

58 Protection For Your Mortgage About Mortgage Critical Illness and Life Insurance Accidental dismemberment coverage is provided by TD Life Insurance Company (“TD Life”) under group Policy #G/H.60154AD. All other coverages are provided by The Canada Life Assurance Company (“Canada Life”) under group Policy #G/H.60154. TD Life is the authorized administrator for Canada Life. Please ask us If you have any questions about your Mortgage Critical Illness and Life Insurance, we’d like to hear from you. You can contact your nearest TD Canada Trust branch, or call TD Life at 1-888-983-7070.

Write to us TD Life Insurance Company P.O. Box 1 TD Centre Toronto, Ontario M5K 1A2

All trade-marks are the property of their respective owners. ®The TD logo and other TD trade-marks are the property of 592150 (0920) The Toronto-Dominion Bank. Notice of Rescission of an Insurance Contract

Notice given by TD Canada Trust Section 440 of the Act respecting the distribution of financial products and services

The Act respecting the distribution of financial products and services gives you important rights. • The Act allows you to rescind an insurance contract you have just signed when signing a lending agreement, without penalty, within 10 days of its signature. However TD Life allows you to rescind the insurance contract you have just signed, without penalty, within 30 days of its signature provided no claim has been made. To rescind the insurance contract, you must give TD Life notice by registered mail without delay. You may use the attached model for this purpose. • Despite the rescission of the insurance contract, the lending agreement entered into will remain in force. Caution, it is possible that you may lose advantageous conditions as a result of this insurance contract; contact your TD Canada Trust branch or consult your contract. • After the expiry of the 30-day delay, you may rescind the insurance at any time; however, penalties may apply. For further information, contact the Autorité des marchés financiers at (418) 525-0337 or 1-877-525-0337 or TD Life at 1-888-983-7070. TD Life acts as administrator for Canada Life Assurance Company in regard to this creditor insurance available through TD Canada Trust.

Notice of Cancellation of an Insurance Contract

To: TD Life Insurance Company PO Box 1, TD Centre Toronto, Ontario M5K 1A2

Date: ______(Date of sending notice)

Pursant to section 441 of the Act respecting the distribution of financial products and services, I hereby rescind insurance contract no.:______(Number of contract, if indicated)

Entered into on: ______In: ______(Date of signature of contract) (Place of signature of contract)

______(Name of customer) (Signature of customer)

A representative of TD Canada Trust must first complete this section.

“TD Canada Trust” means The Toronto-Dominion Bank and its subsidiaries.

This document must be sent by registered mail. Bill 188 — The Act respecting the distribution of financial products and services

Section 439 A distributor may not subordinate the making of a contract to the making of an insurance contract with the insurer specified by the distributor. The distributor may not exercise undue pressure on the client or use fraudulent tactics to induce the client to purchase a financial product or service.

Section 440 A distributor that, at the time a contract is made, causes the client to make an insurance contract must give the client a notice, drafted in the manner prescribed by regulation of the Authority, stating that the client may rescind the insurance contract within 10 days of signing it.

Section 441 A client may rescind an insurance contract made at the same time as another contract, within 10 days of signing it, by sending notice by registered or certified mail.

Where such an insurance contract is rescinded, the first contract retains all its effects.

Section 442 No contract may contain provisions allowing its amendment in the event of the rescission or cancellation by the client of an insurance contract made at the same time.

However, a contract may provide that the rescission or cancellation of the insurance contract will entail, for the reminder of the term, the loss of the favourable conditions extended because more than one contract was made at the same time.

Section 443 A distributor that offers financing for the purchase of goods or services and that requires the debtor to subscribe for insurance to guarantee the reimbursement of the loan must give the debtor a notice, drawn up in the manner prescribed by regulation of the Authority, stating that the debtor may subscribe for insurance with the insurer and representative of the debtor’s choice provided that the insurance is considered satisfactory by the creditor, who may not refuse it without reasonable grounds. The distributor may not subordinate the making of the contract of credit to the making of an insurance contract with the insurer specified by the distributor.

No contract of credit may stipulate that it is made subject to the condition that the insurance contract subscribed with such an insurer remain in force until the expiry of the term, or subject to the condition that the expiry of such an insurance contract will entail forfeiture of term or the reduction of the debtor’s rights.

The rights of the debtor under the contract of credit shall not be forfeited when the debtor rescinds cancels or withdraws from the insurance contract, provided that the debtor has subscribed for insurance with another insurer that is considered satisfactory by the creditor, who may not refuse it without reasonable grounds. Notice of Free Choice of Insurer or Representative

(This only applies if TD Canada Trust has made Creditor Insurance a condition of extending credit)

Notice given by TD Canada Trust Section 443 of the Act respecting the distribution of financial products and services The Act respecting the distribution of financial products and services gives you important rights. • You are required to purchase insurance coverage to secure the repayment of a loan. • However, you are free to purchase this insurance from the insurer or representative of your choice. You may thus obtain the required insurance in three different ways: 1. By purchasing the insurance offered to you. If you choose this option, you benefit from the application of section 440 of the Act which allows you to rescind an insurance contract that you signed at the time of signing a lending agreement, without penalty, within 10 days of its signature. Your actual insurance contract may extend this period. However, you must then purchase another equivalent insurance to the satisfaction of the creditor who may not refuse without reasonable cause. 2. By purchasing other insurance that is equivalent to the insurance required, to the satisfaction of the creditor who may not refuse without reasonable cause. 3. By demonstrating that you already have insurance that is equivalent to the insurance required, to the satisfaction of the creditor who may not refuse without reasonable cause. You may change insurer at any time, provided that you maintain during the term of the loan agreement an insurance equivalent to the insurance required to the satisfaction of the creditor who may not refuse without reasonable cause. You cannot be required to choose or keep an insurance contract with a particular insurer, nor can you be refused credit or have a loan called in for this reason. To rescind your insurance, you may use the section here under entitled “Notice of Rescission of an Insurance Contract”. For further information, contact the Autorité des marchés financiers at (418) 525-0337 or 1-877-525-0337 or TD Life at 1-888-983-7070. TD Life acts as administrator for Canada Life Assurance Company in regard to this creditor insurance available through TD Canada Trust. Description of the required Coverage (section completed by TD Canada Trust) To secure the repayment of your loan, we have required that you purchase the following insurance ❏ Life ❏ Critical Illness & Life ❏ Life & Disability in the amount of $ Notice of Rescission of an Insurance Contract Section 440 of the Act respecting the distribution of financial products and services To: TD Life Insurance Company PO Box 1, TD Centre Toronto, Ontario M5K 1A2 Date: ______(Date of sending notice) Pursant to section 441 of the Act respecting the distribution of financial products and services, I hereby rescind insurance contract no.:______(Number of contract, if indicated) Entered into on: ______In: ______(Date of signature of contract) (Place of signature of contract) ______(Name of customer) (Signature of customer)

______(Name of customer) (Signature of customer)

A representative of TD Canada Trust must first complete this section.

Please note that if you wish to rescind the Life Insurance portion of your comprehensive Mortgage Critical Illness and Life Insurance, the Life Insurance portion of your comprehensive Line of Credit Critical Illness and Life Insurance or the Life Insurance portion of your comprehensive Loan Life and Disability Insurance, all coverages will be cancelled. “TD Canada Trust” means The Toronto-Dominion Bank and its subsidiaries. This document must be sent by registered mail. Bill 188 — The Act respecting the distribution of financial products and services

Section 441 A client may rescind an insurance contract made at the same time as another contract, within 10 days of signing it, by sending notice by registered or certified mail.

Where such an insurance contract is rescinded, the first contract retains all its effects.

Section 442 No contract may contain provisions allowing its amendment in the event of the cancellation or rescission by the client of an insurance contract made at the same time.

The rights of the debtor under the contract of credit shall not be forfeited when the debtor rescinds, cancels or withdraws from the insurance contract, provided that the debtor has subscribed for insurance with another insurer that is considered satisfactory by the creditor, who may not refuse it without reasonable grounds.