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Personal Insurance > Life Insurance > Permanent Life Insurance

Permanent Life Insurance

Dependable coverage—for your entire life(1).

Permanent life insurance is designed to provide insurance coverage for your entire lifetime. With this type of coverage, you have the dual security of knowing that while your premiums will never change, in the event of your death, your beneficiaries will receive the policy benefit tax-free.

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You are on: RBC® Guaranteed Acceptance Life Insurance

Up to $25,000 in permanent coverage

RBC Guaranteed Acceptance Life Insurance is ideal for anyone between the ages of 50 and 75 who:

  • Thinks it might be difficult to get life insurance
  • Wants to ensure expenses are covered after they pass away
  • Wants to leave a little something extra to loved ones

If you’re between the ages of 50 and 75 and a permanent full-time resident of Canada, you’re guaranteed to be approved, with no medical questions or health exam required.

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You are on: Term 100 Life Insurance

Dependable coverage for life, with amounts starting at $50,000

Term 100 life insurance is ideal for helping provide your loved ones with the ability to maintain their standard of living. The tax-free benefit they receive can be used to cover the capital gains tax on assets they inherit.

With Term 100 life insurance, your premiums are guaranteed not to change until you reach age 100—at which time they cease.

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1) You may apply for permanent life insurance if you are between the ages of 50 and 75 (RBC Guaranteed Acceptance Life Insurance) or between the ages of 18 and 85 (Term 100 life insurance) and are a Canadian citizen or permanent resident/landed immigrant who has been in Canada for more than 12 months.

 

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See how affordable permanent life insurance can be:

You may be eligible to apply online for RBC Guaranteed Acceptance Life Insurance.

 
 

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For coverage up to $25,000 RBC Guaranteed Acceptance Life Insurance (ages 50-75):

For coverage $50,000 & over Term 100 (ages 18-85):

 
 

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Do you have a term life policy with us?

If you have a term life insurance policy nearing the end of its term, and you’re under age 71, converting to a permanent life insurance policy may be a viable and valuable option for you.