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RBC Life Insurance
About the Company
RBC (The Royal Bank of Canada) was founded under the name Merchants Bank in 1864 in Halifax. RBC's company vision is as follows: "always earning the right to be our clients' first choice."
Term Life Insurance Products
RBC's term life insurance products are listed below:
Term 10 Life Insurance
- This policy provides coverage up to $10,000,000.
- It is issued to people between ages 18 and 70.
- It is a ten year policy that automatically renews itself at the end of each term.
- Premiums are fixed for each ten year term, but can increase at each renewal.
- This policy provides protection up to age 80.
- The death benefit is tax free.
- You can convert this policy to a permanent policy without providing medical evidence.
Term 20 Life Insurance
- This policy provides coverage up to $10,000,000.
- This is a ten year policy that automatically renews it's self at the end of each term.
- Premiums are fixed for each twenty year term, but can increase at each renewal.
- The policy provides protection up to age 80.
- The death benefit is tax free.
- You can convert this policy to a permanent policy with out providing medical evidence.
Term 75 Life Insurance
- This policy offers coverage of $10,000,000.
- This policy can be purchased between the ages of 18 and 64.
- Premiums remain level for the life of the policy.
- Coverage is available up to age 75.
- The benefit is tax free.
- The policy can be converted to a permanent policy without providing medical evidence.
- If in the 11th year of your policy you no longer need life insurance protection, then you can cash in your policy for a one time cash value. The cash value is determined in your contract.
RBC Financial Ratings
A.M. Best: A (Excellent)
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Term Life Insure provides free information concerning insurance products and services, but is not an agency or an insurer. We are not associated with the company or companies profiled on this page and we make no representation, express or implied, that you will receive a quote from the company profiled herein. Products may not be available in all states. Please speak to your insurance agent or carrier directly for more information.
