RBC Insurance

Why choose life insurance with RBC Insurance?

About RBC Insurance

RBC Insurance is the brand name for the insurance operating subsidiaries of Royal Bank of Canada, one of North America's leading diversified financial services companies. One of Canada's largest bank-owned insurance companies, RBC Insurance has approximately 2,500 employees and more than four million customers around the world.

Thanks to its parent company's century-long history and excellent reputation, RBC Insurance became a leader in the insurance industry in Canada. It is distinguished by the wide range of products and services it offers, by the flexibility of most of its policies, and by its exclusive offers. Worthy of mention are the Family friendly pricing and their commitment to guaranteed protection.

RBC Insurance offers a wide range of products, services and advice that naturally includes life, health, auto, home and travel insurance. It is also a partner of choice for reinsurance and wealth management, as well as for credit and business insurance.

It is therefore a partner of choice for individuals, their families and businesses, and this extensive offer gives you the assurance - no pun intended - that you will find the product and formula best suited to your particular situation. However, despite the good will of companies like RBC Insurance, the technical and legal jargon associated with insurance contracts - and the multitude of options and formulas available - can make them difficult for the average consumer to decipher. Let's take a look at the broad outlines of this insurer's service offering.

RBC Insurance: Guaranteed protection for everyone

There are two main types of life insurance: permanent life insurance and term life insurance.

As the name implies, permanent life insurance allows the policyholder - the policyholder, who in the vast majority of cases is also the insured - to purchase life insurance that will last as long as he or she lives. The amount of premiums payable and the amount of coverage will not change during the policyholder's lifetime, and upon the death of the policyholder, his or her beneficiaries will be assured of receiving a tax-free lump sum insured. The main benefits of permanent life insurance are therefore lifetime protection, guaranteed fixed premiums and a tax-free benefit to the beneficiaries at the time of the subscriber's/insured's death. 

Concerning RBC Insurance's offer in particular, the company offers guaranteed protection to Canadian citizens between the ages of 40 and 75: this means you have the certainty of coverage regardless of your health - which can be a major hurdle when it comes to purchasing life insurance, regardless of the age of the applicant. Guaranteed protection policies range in size from $5,000 to $40,000, and it's very easy to purchase this type of life insurance online in just a few minutes. No medical exam is required, nor will you have to answer questions about your health. You'll have the peace of mind of lifetime coverage for an amount that will never change. Note, however, that these policies can only be cancelled within 30 days of the initial purchase, in which case you will receive a refund of the premiums already paid.

Term life insurance, on the other hand, offers much more variable coverage, both in terms of duration and in terms of the conditions that lead to the payment of the amounts accumulated to the beneficiaries. It is the most flexible and affordable type of insurance, making it an ideal option for young families seeking greater financial security. RBC Insurance offers coverage periods ranging from 10 to 40 years for this type of policy, and in the event of death during this period, your beneficiaries will receive the sum insured tax-free. 

Coverage ranges from $50,000 to $1,000,000 for RBC Simplified Term Life Insurance (named for the speed and simplicity of the application process), and from $1,000,001 to $25,000,000 for Term Life For You. Both the premium and death benefit are guaranteed for the life of the policy, which can be renewed at the end of the policy term or early. In addition, term life insurance from RBC Insurance can be converted to permanent or universal life insurance policies until the policyholder reaches age 71.

To learn more about this insurer's offer, visit https://www.rbcinsurance.com/fr/particuliers.html

Protect your family simply and inexpensively

Applying for term life insurance is both simple and affordable; for young families, it's the ideal way to get the financial security they need.

Flexibility: Choose any term between ages 10 and 40.

Simple: Premiums and coverage are guaranteed for the life of your policy.

Affordable: If you have a young family, term life insurance is an attractive option because premiums are usually lower than other types of life insurance.

Convertible: Convert your policy to a permanent or universal life insurance policy up to age 71 without having to complete a medical questionnaire or medical exam.

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Apply for life insurance is easier than you think
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