![]() This product provides affordable coverage with no medical exam, for up to $1-million. RBC Insurance also offers Simplified Term Life Insurance. Payor Death and Disability Waiver of Premium Benefit Rider : If someone other than the policyholder pays the premiums and they pass away, RBC Insurance will waive monthly premiums with some exclusions.Total Disability Waiver of Premium Benefit Rider : After being totally disabled for six consecutive months, RBC Insurance will waive premium payments and policy fees for the remaining term of the policy.Accidental Death Benefit Rider : Pays an additional death benefit if one dies as a direct result of an accident.Each insured child may convert this to a new permanent policy upon reaching adulthood, without evidence of insurability, for a sum up to 10 times the rider amount (with a maximum coverage of $150K). Children’s Term Rider : Provides coverage for natural or legally adopted children.Term Rider : One can purchase additional term coverage for themselves or a family member over and above the base policy.This product can be purchased on a single life or as a joint first-to-die policy. It is exchangeable (a Your Term policy can be exchanged for another with a higher term without providing medical evidence), renewable, and convertible to a permanent policy. This is amongst a select few products in the Canadian term life insurance market which allows the flexibility to choose a coverage length based on needs, instead of predefined terms.įor instance, one can choose a base policy of 23 years to align with their outstanding mortgage term. It offers substantial coverage with the flexibility to choose any term you want, between 10-40 years. ![]() RBC Insurance’s flagship term life product is Your Term. ![]() Types of term life insurance policies RBC Insurance offers
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |