Life Insurance: 5 Reasons to Buy from RBC Insurance

RBC Insurance offers a variety of life insurance solutions for Canadians, and following are five reasons why buying life insurance from RBC makes sense:

1. Their Term 10 and Term 20 policies are competitively priced for most age groups and the policies are renewable and convertible, meaning the policies can be renewed and/or converted to an RBC permanent life insurance policy without a medical examination.

2. RBC offers preferred rates on their 10-year term and 20-year term policies. In addition, preferred rates are given to individuals who are in good health or have very good family health history, and can be up to 30% less than their standard premium rates.

3. RBC has a special price banding for large policies, like death benefits totalling $10 million and up, making it an ideal solution for high net-worth individuals looking for Term 10 or Term 20 coverage.

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4. RBC offers Term 100 and Universal life low cost coverage. Their Universal Life plans come in increasing or level cost of insurance varieties.

5. RBC offers a policy-fee discount on Critical Insurance policies when combined with a life insurance application.

The following is a summary of RBC's pricing for 40-year-old, male non-smoker looking for $250,000 of coverage:

$250,000 of Term 10 coverage for 40-year-old, male non-smoker is $20.93 a month.

$250,000 of Term 20 coverage for a male non-smoker is $35.37 a month.

$250,000 of Universal Life with a level cost of insurance has a minimum premium of $145.62 a month.

For more details on life insurance in Canada, please contact us at 1-866-899-4849 or visit our Term Life insurance Instant Quote Page.