RBC Insurance

Life Insurance Claim Experience compared: RBC Insurance vs. Manulife vs. Empire Life

A personal story by Michael Mlotek In May 2019, my mother Helen Mlotek passed away. Being an independent insurance broker, I have done many death claims but this one was emotional. I had to deal with three insurance companies: RBC, Manulife, and Empire Life. The following is my experience. RBC The people at RBC were...
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Top 10 Canadian Life Insurance Companies 2014

Last year, based on findings from Financial Post Business Magazine in June 2014, LSM Insurance is releasing its list of The Top 10 Life Insurance Companies for 2014. Not much has changed from last year. Great West-Life Co. still has the top spot, followed by Manulife Financial, Sun Life, and Industrial Alliance in the top...
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RBC Insurance is Waiving Policy Fees

RBC Insurance is waiving policy fees on many of its term products sold between May and August 2014. For more details...
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Evaluating Insurance Calculators from Canada’s Top Life Insurance Companies

At the end of each of our articles, LSM invites readers to go to our various life insurance calculator pages for a free quote. We also have a Needs Analysis Calculator that lets you know how much insurance you may need based on your own personal circumstances. However, we are not the only insurance...
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Term Life Insurance Until Age 65

Some term insurance plans expire at age 65. With younger Canadians being burdened by increased long-term debt thanks to student loans, (The Globe and Mail reports that federal student loan debt is more than $15 billion) many in their 20s or 30s want a life insurance policy that extends beyond the traditional 20 years. Typically,...
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The Life Insurance Your Insurance Company Wants You to Cancel

The phrase “lapse-supported life insurance policies” is mainly familiar to industry insiders. It refers to life insurance policies that insurance companies want you to cancel. Term 100 life insurance policies and universal life insurance policies, with guaranteed level cost of insurance, are priced with the expectation that a certain number of these policies will lapse...
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Disability Insurance: How Does the Future Income Option Work?

Disability insurance is available to young entrepreneurs without a medical exam. Disability insurance along with life insurance forms the foundation of a solid financial plan. But what about young entrepreneurs? In 2012, more than half a million people told CIBC that they had started their own business in a poll. According to theToronto Star, researchers at...
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Term Life Insurance: Which Companies Offer Preferred Rates?

Preferred rates are offered to individuals who are in very good health who have exemplary family health history. Preferred rates can lower insurance premiums by up to 35 per cent. You can find more details on whether you are likely to qualify for preferred rates here. The following is a listing of the leading life insurance...
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Life Insurance Basics

Life insurance can be a confusing and intimidating topic for many people. This could be the reason that one-third of Canadians feel underinsured, according to a survey conducted by RBC Insurance.  The first step to buying any life insurance policy is to determine the amount of coverage that is necessary. Thankfully, the LSM Needs Analysis Calculator...
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Why Have Long-Term Care Sales in Canada Stalled?

As reported in the mid-January 2013 issue of the Insurance and Investment Journal, sales of Long-Term Care Insurance in Canada continue to stagnate, and recent events have not helped matters. RBC Insurance withdrew its long-term care products from the market, and historically low interest rates have forced other suppliers to raise their premiums. Further highlighted...
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