RBC Insurance’s Universal Life Insurance Plan: Investment Guaranteed

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This plan is no longer available as of June 23 2012. RBC Insurance’s Universal Life plan is available in face amounts of $50,000 to $10,000,000 to applicants from birth to age 80. Similar to other universal life plans on the market, their plan offers flexible premiums, and the investment account grows on a tax-sheltered basis. The insured can choose between a level and increasing death benefit. The former is designed to maximize cash values, while the increasing death benefit pays out the face amount plus the plan’s accumulation fund on the insured’s death. The investment account can be used as an emergency fund, to supplement the applicant’s retirement needs, or to offset future premiums.

RBC Insurance’s Universal Life plan offers a minimum investment guarantee of 4%—this can be an attractive feature in today’s low interest rate environment. The plan has several available add-on options, including: a disability and/or critical illness waiver of premium, accidental death coverage, or a long-term care rider. The long-term care rider is a valuable living benefit which pays out a daily lump sum payment in the event the insured is unable to care for themselves.

Unlike their term portfolio, preferred rates are not available on their Universal Life plan. RBC Insurance also trimmed their Universal Life lineup with the removal of their Foundation Life Universal product. This plan allowed for limited-pay cost of insurance options—where the insured’s cost of insurance charges could end after 10, 15 or 20 years.

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What Clients Say About LSM

life insurance testimonialsIf anybody is concerning purchasing personal insurance I would most definitely use LSM Insurance...1 of 85Lewis W. BestRead more


  1. Maria 07/22/2009 at 6:46 pm

    I’m interested on this insurance, if there is any agent available to discuss me some information regarding Universal Life Insurance. Please contact me.

  2. LSM Insurance 07/24/2009 at 2:54 pm

    Hi Maria,

    Thanks for the note I will be in touch with you soon. Regards … Lorne

  3. Mohammad 02/17/2010 at 11:37 pm


    What do you check in a medical exam ?. For example HIV, BP, Cholestrol, etc…

  4. LSM Insurance 02/18/2010 at 11:17 am

    Hi Mohammad,

    The type of medical test and what they check for will depend on the plan, Face amount and your age.

    You can check out link to lsminsurance.ca

    Thanks … Lorne

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