For insured amounts less than $500,000, RBC offers their Simplified Term Life Insurance coverage plan. This plan offers a transparent and simple term coverage option for individuals seeking to protect small to modest financial obligations.
Here is an overview of the benefits:
Coverage from $10,000 to $500,000.
Available in 10 year and 20 year terms which are renewable and convertible up to age 80 with no medical exam.
Eligibility ages are ages 18 to 70 for Term 10, and ages 18 to 60 for Term 20.
Premiums amounts and coverage are guaranteed for the life of the policy.
Your beneficiary receives the death benefit tax-free
30-Day review period on this policy to decide if it's right for you.
Quick-issue coverage that insures you faster than other term life products.
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