Every client is unique, and so are their insurance needs. That’s why we’ve made it our goal to help you offer flexible term life solutions that best suit them.
See how RBC YourTerm® stacks up against our competition:
| Male - Term 10 - $500K | Age 35 | Age 40 |
|---|---|---|
| Rank 1 - RBC Insurance | $245 | $304 |
| Rank 2 - Competitor | $250 | $310 |
| Female - Term 15 - $1MM | Age 40 | Age 45 |
|---|---|---|
| Rank 1 - RBC Insurance | $519 | $804 |
| Rank 2 - Competitor | $520 | $810 |
| Male - Term 20 - $1MM | Age 40 | Age 45 |
|---|---|---|
| Rank 1 - RBC Insurance | $911 | $1,490 |
| Rank 2 - Competitor | $930 | $1,520 |
| Female - Term 20 - $2MM | Age 35 | Age 45 |
|---|---|---|
| Rank 1 - RBC Insurance | $822 | $1,274 |
| Rank 2 - Competitor | $830 | $1,290 |
Source: Rates used for ranking obtained from LifeGuide Opens in new window Professional Financial Software as of October 17, 2024. Rates and ranking information are subject to change at any time without notice. Rate comparison is intended for advisor use for reference only.
Initial annual premiums rounded to the nearest dollar. RBC Insurance premium rates illustrated above are for standalone policies only. Rates reflect standard non-smokers.
Rates for Traditional T10/20 riders on UL remain unchanged.
How RBC YourTerm® Life Insurance has become more flexible, fast and efficient.
The Product
Flexible selection of term lengths anywhere from 10 to 40 years, with yearly renewable term (YRT).
Convertible to RBC Growth Insurance™, RBC Growth Insurance Plus™, RBC Universal Life™ and Term 100.
No fluid limit up to and including $2MM for ages 18-50.
The Express Underwriting Team
Immediate approval at point-of-sale for express eligible term clients who submit a completed Part 2 via the eApp and require no further underwriting. RBC YourTerm® applications are eligible up to and including $2MM, with no fluids and age 50 or under.
5-day or less turnaround from date of submission through our Express Underwriting Team with a completed Health & Lifestyle Questionnaire.
Learn more about our Express Underwriting Team Opens PDF in new window.
The Technology
With RBC YourTerm® eApplication and Digital Signature technology you can streamline the application process, making your clients’ experiences simpler and more convenient.
Advisors and their clients can electronically complete and submit the Part 2 – Health and Lifestyle Questionnaire Opens PDF in new window.
RBC Term Life Insurance Conversion Options
- Term Switch Privilege: Switch an eligible1 in force Term 10 or Term 20 policy to an RBC YourTerm® policy1 for 10% savings.
- Convert to an RBC Participating Whole Life, Universal Life or Term 100 policy with no underwriting.
- Term Partial Conversion and Carryover Opens PDF in new window: Partially convert from an existing in force RBC term policy issued on or after February 2005 to an RBC Growth Insurance, RBC Growth Insurance Plus or Term 100 policy and carryover the remaining term coverage as a rider without evidence of insurability while restarting the term duration.
- Exchange Opens PDF in new window an RBC YourTerm® 10 within the first five years to an RBC YourTerm® 15, 20 or 30 with no underwriting. Check out the new Standalone Term Exchange Privilege form Opens PDF in new window.
Additional resources for RBC YourTerm®.
Materials (Advisor Use)
Contact Us
For more information, please contact your MGA or RBC Insurance sales consultant:
Call 1-866-235-4332
Call 1-866-235-4332