It is the most flexible and affordable type of insurance, making it an ideal option for young families seeking greater financial security. 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. 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. You'll have the peace of mind of lifetime coverage for an amount that will never change. No medical exam is required, nor will you have to answer questions about your health. 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. 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.Ĭoncerning 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. 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. There are two main types of life insurance: permanent life insurance and term life insurance.Īs 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. RBC Insurance: Guaranteed protection for everyone Let's take a look at the broad outlines of this insurer's service offering. 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. 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. It is also a partner of choice for reinsurance and wealth management, as well as for credit and business insurance. RBC Insurance offers a wide range of products, services and advice that naturally includes life, health, auto, home and travel insurance. Worthy of mention are the Family friendly pricing and their commitment to guaranteed protection. 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. Thanks to its parent company's century-long history and excellent reputation, RBC Insurance became a leader in the insurance industry in Canada. 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. 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. Why choose life insurance with RBC Insurance? About RBC Insurance
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