RBC Life Insurance policy is one of the best in Canada from the RBC Insurance company. Term Life Insurance, Term 100, Universal, Growth (Whole Life), and RBC Guaranteed Acceptance Life Insurance are the services under the policy. You can get the RBC life insurance quote and compare it with other companies and choose the policy.
Why You Need RBC life insurance policy?
Life insurance Protect Your Loved Ones. Help safeguard the people closest to you by replacing lost income to help support your family in that difficult time. Also, Plan For Their Stability. You can offer a more certain future for your loved ones by assisting cover educational expenses and providing future income. The life Insurance Policy Meet Your Needs Affordably. You can Choose from a wide range of life insurance options to fit your lifestyle affordably at every stage of your financial journey. Keep Your Home Safely. Let your home remain their home by paying off significant expenses, like a mortgage and other unforeseen costs. Also, Grow Your Investment Enhance your planning with tax-deferred savings, investing, and borrowing opportunities.
Also, While there are many good reasons to purchase life insurance, most individuals do so to protect their loved ones from financial hardship in the event of their passing. Accordingly, life insurance is a need if you have someone who depends on you for financial support.
If any of the following statements apply to you, you probably need life insurance:
- We’re expecting a child!
- I am a parent (or others who depend on me)
- My spouse/partner and I share expenses and responsibilities.
- My spouse/partner couldn’t pay my mortgage, vehicle loan, college loans, and other debts without me.
- I want to give something to my family to aid them with funeral expenses.
- To be able to leave something to my favorite charity is something I want.
- I manage a firm and need to safeguard some of the essential employees.
- I want to give my family assets when I pass away and make sure they owe no taxes.
Type of RBC Life Insurance Policy
Term life insurance policies are straightforward and reasonably priced ways to provide for your family should the worst happen to you. With configurable features to match your particular needs, it offers life insurance for 10 to 40 years.
Consider term life insurance if you’re looking for:
- temporary insurance that you can change to long-term insurance if necessary
- Customizable add-ons, such as child coverage (children’s term rider) and layering term coverage to address various demands, can adjust to your particular needs as they evolve over time (term rider)
RBC Simplified® Term Life Insurance
Coverage Amounts
- $50,000 – $1,000,000 in coverage for ages 18-55
- $50,000 – $499,999 in coverage for ages 56+
Details
- Convenient: Get an online quote instantly and apply in as little as 15 minutes
- No Medical Exam: You may be eligible to receive coverage without having a medical examination
- Affordable: Policies start as low as $12.22 per month
- Flexible: Choose coverage for 10, 15, 20 or 40 years (and anything in between)
- Convertible: Convert your policy to a permanent policy such as RBC Growth Insurance without providing updated medical information about yourself
- Exchangeable: Exchange a Term 10 policy for a Term 15, 20 or 30 policy without providing updated medical information about yourself
- Accidental Death Benefit: In the case of accidental death, your beneficiary could receive an additional life insurance benefit amount of $10,000.
- 30-Day Review Period: If you change your mind within the first 30 days, we will give you a full refund and cancel your policy
RBC YourTerm™ Life Insurance
Coverage Amounts
- $1,000,001 – $25,000,000 in coverage for ages 18-55
- $500,000 – $25,000,000 in coverage for ages 56+
Details
- Flexible: Choose coverage for 10, 15, 20 or 40 years (and anything in between)
- Exchangeable: Exchange a Term 10 policy for a Term 15, 20 or 30 policy without providing updated medical information about yourself
- Convertible: Convert your policy to a permanent policy such as RBC Growth Insurance™ without providing updated medical information about yourself
- 10-Day Review Period: If you change our mind within the first 10 days, we will give you a full refund and cancel your policy
These are the plans available under RBC Term Life.
Whole Life Insurance
Whole life insurance is an excellent option for protecting your assets and transferring them to future generations due to its unique qualities. Participating in full life insurance allows you to safeguard loved ones, leave a lasting legacy, and even borrow against your policy to accomplish significant objectives. With whole life insurance, your protection is ongoing; it does not expire. Additionally, you can use the money in your policy for anything, such as unanticipated costs or to augment your retirement income. A percentage of your premiums are invested, and you may get dividends from the account’s earnings.
Universal Life Insurance
Protect Your Family. Invest For Your Future. Universal life insurance combines lifetime insurance coverage with the long-term growth potential of tax-advantaged investing. The benefits of Universal Life Insurance are Lifetime Coverage With universal life insurance, you have permanent life coverage your coverage does not end after a certain period. Tax-Advantaged Investing. A portion of your premium purchases your insurance, while the rest earns interest that is not taxable while it remains in your policy. Throughout your lifetime, you can access the funds in your policy to supplement your income in retirement or during a time of illness. also, the unique features of universal life insurance make it an ideal way to protect your assets and pass them on to your beneficiaries.
A Simple Way to Protect Your Family and Pass on Assets. Protect your family’s financial future or help your heirs pay the capital gains tax on a cottage or other assets you leave to them. You’re covered for life. Your protection does not end after a certain period. Premiums are guaranteed when you buy coverage and stay the same for the life of your policy. You can leave a substantial amount of money to your beneficiaries, tax-free when you pass away.
RBC Guaranteed Acceptance Life Insurance
Get RBC Guaranteed Acceptance Life Insurance Coverage Today with No Medical Exam. If you’re aged 40 to 75, RBC Guaranteed Acceptance Life Insurance is an easy way to help reduce debt, cover final expenses, and more, with no health check-up required. You’re covered for life. Your protection does not end after a certain period. You will not have to take a medical exam or answer any questions about your health. Get a quote in minutes and apply and pay for your coverage online from the comfort of your home.
These are the Life Insurance plans from the RBC Insurance company. You can choose the plan for your need and get the RBC life insurance quote, compare with other providers and enjoy your happy life.
RBC life insurance quote
RBC Insurance Disclaimer® provides individual, company, and group clients with a variety of life, health, home, car, travel, wealth, and reinsurance advice and solutions, as well as creditor and business insurance services. Based on market capitalization, Royal Bank of Canada, the largest bank in Canada and one of the largest in the world, operates its insurance operating units under the brand name RBC Insurance. RBC Insurance Company, one of the biggest Canadian bank-owned insurance companies, employs about 2,800 people worldwide to serve close to five million customers.
Check with the most Trusted RBC life insurance company quote here.