TD Insurance launches new private client insurance service

TD Bank is introducing TD Insurance Private Client Advice, “Canada’s first comprehensive direct-to-consumer insurance service designed to better protect affluent Canadians and their families with a sophisticated insurance advisor experience.”

The bank describes this new offering as a highly specialized service aimed at removing the complexity of understanding and purchasing multiple insurance products from different insurers. In addition to helping with obtaining coverage, Private Client Advice customers will also have a dedicated claims specialist and an exclusive network of TD Insurance Auto Centres to start repairs quickly.

The bank will offer a variety of coverages including homeowners, auto, valuables, yacht and watercraft, cyber, and more.

“Preserving wealth is as critically important as creating it for many of our clients and often is one of their most neglected financial goals. Many Canadians who require customized insurance protection have been underserved and, as a result, underinsured. TD Insurance Private Client Advice is a highly specialized direct-to-consumer service designed to remove the complexity of understanding and purchasing multiple insurance products from different insurers that can unintentionally create gaps between needs and coverage, leaving people at risk.” – James Russell, President and CEO, TD Insurance.

“TD Insurance Private Client Advice will further help provide clients with goals-based financial plan discussions. Together, TD will provide comprehensive wealth management advice that includes building net worth, implementing tax-efficient strategies and leaving a legacy, combined with tailored insurance services through an exceptional Private Client Advice experience that will help protect what matters most to clients.” – Paul Clark, Executive Vice President, TD Bank Group & Head of Private Wealth Management and Financial Planning.