Term life insurance providers. Term Life Insurance - RBC Insurance

Types of Term Insurance

Offers flexible, convenient and affordable coverage—best of all, you can apply online!

If you need less than $500,000 in coverage, RBC Simplified Term Life Insurance is an easy way to help give your family the protection they need. Life insurance policy.

Death Benefit

If you die during the time period when coverage is in effect, your policy provides a tax-free

death benefit in the amount of your coverage to your beneficiaries or your estate.

Summary of Exclusions

During the application process, if we are given incorrect or incomplete information regarding health, lifestyle or smoking habits, we reserve the right to deny your benefit.

Offers substantial coverage amounts with the flexibility to choose the term you want.

If you need $500,000 or more in coverage, YourTerm Life Insurance can give you the protection you need for any term from 10 to 40 years.

Death Benefit

If you die during the time period when coverage is in effect, your policy provides a tax-free

death benefit in the amount of your coverage to your beneficiaries or your estate.

Optional Coverage

Joint First-to-Die Option: Covers up to two family members—the benefit is payable on the first death, at which point coverage ends. The survivor also has the option to convert the policy to a permanent plan.

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YourTerm Rider: Provides additional coverage for you or for someone else, such as your spouse.

Children's Term Rider: Provides coverage for your natural or legally adopted children.

Accidental Death Benefit Rider: Pays an additional death benefit if you die as a direct result of an accident.

Total Disability Waiver of Premium Benefit Rider: After being totally disabled for six consecutive months, we will waive premium payments and policy fees while you are totally disabled.

Payor Death and Disability Waiver of Premium Benefit Rider: If someone else pays your premiums and he or she dies we will waive monthly premiums while policy is in force or if he or she becomes and remains totally disabled for six consecutive months, we will waive the payment of cost of insurance deductions, including the policy fee and rider premiums while this person is totally disabled.

The information above is intended as a summary only. Please see a sample riders policy for complete details on rider and optional coverage terms and conditions, including benefits and exclusions.

Summary of Exclusions

Your coverage is subject to the following exclusions:

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During the application process, if we are given incorrect or incomplete information regarding health, lifestyle or smoking habits, we reserve the right to deny your benefit. Other exclusions may apply depending on optional benefits chosen.

Term Life Insurance FAQs

Find answers to your questions about our term life insurance products.

Term Life Insurance and YourTerm Life Insurance differ?

What is the exchange option for YourTerm Life Insurance?

You are covered under the policy once you are approved and we receive the first premium. There should also be no change in your health during the review of your application.

If you are paying by monthly pre-authorized debit, we will automatically debit your account when you are approved for coverage. If you select to pay on an annual basis, we will send out an invoice for the annual premium. Once payment is received, coverage starts. If there is any change in your health during our review of your application, please notify our office immediately.

Your coverage ends on the earlier of:

How to start a life insurance policy

The date you request to cancel your life insurance in writing

The date you stop paying your insurance premiums

Please contact us for complete details.