Creditor insurance

Back to Protect Your Family with Insurance

Protect your family's most valuable assets.

As your family grows, it's common to incur additional debt from renovations or extra items around the house.

Creditor insurance is a convenient and cost-effective way to help eliminate the burden of outstanding debt balances should something happen to you.

The following loan, mortgage and credit card protection is available to RBC Royal Bank^® customers who carry an RBC Royal Bank loan, line of credit, mortgage or credit card balance:

• HomeProtector^® insurance can pay off or reduce your RBC Royal Bank mortgage balance in the event of death, to a maximum of $500,000. If you become disabled, it can help maintain your regular mortgage payments for up to 24 months, to a maximum payment of $3,000 per month.
• LoanProtector^® insurance can pay off or reduce your loan or line of credit balance in the event of death, to a maximum of $500,000. If you become disabled, it can help maintain your regular loan payments and pay 3% of your qualified balance on your line of credit for up to 60 months, to a maximum payment of $3,000 per month.
• BalanceProtector^® insurance can pay the outstanding balance on your RBC Royal Bank credit card in case of death, dismemberment or critical illness, to a maximum of $15,000. It also helps pay a monthly benefit in case of disability, strike/lock-out or involuntary job loss.

Find more tips, advice and answers:

For even more tips and advice on creditor insurance, click here. Or, visit our Loan, Mortgage and Credit Protection site for additional details on your coverage options.