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RBC Simplified® Term Life Insurance
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RBC YourTerm® Life Insurance
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Term 100 Life Insurance
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RBC® Guaranteed Acceptance Life Insurance
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RBC Universal Life™ Insurance
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RBC Growth Insurance® (Participating Whole Life)
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| Age Eligibility |
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Ages 18-85 | Ages 40-75 | Ages 0-85Disclaimer4 | Ages 0-80 |
| Medical Exam | May not be required | Typically required | Typically required | No medical exam | Typically required | Typically required |
| Disclaimer1 | ||||||
| Ideal If You Want | Affordable, easy to buy term coverage that helps protect your family for a limited time (such as when your kids are young or you have a mortgage) | Substantial term coverage that helps protect your family for a limited time (such as when your kids are young or you have a mortgage) | Lifetime coverage to protect your family or to help your heirs pay capital gains tax on assets left to them | To leave a little something extra to your loved ones or help pay for final expenses |
Lifetime coverage and the ability to save for the future in a tax-advantaged policy To be involved with managing the policy’s underlying investments |
Lifetime coverage with cash value guarantees and the potential to earn dividends to help protect your family and estate The insurer to manage the policy’s invested assets |
| Coverage AmountsDisclaimer3 |
$50,000 to $1,000,000* *Age 56 and older: up to $500,000 |
$1,000,001 to $25,000,000* *Age 56 and older: from $500,000 |
$50,000 to $25,000,000 | $5,000 to $40,000 | $25,000 to $25,000,000 | $25,000 to $25,000,000 |
| Coverage Timeframe | Varies: 10 to 40 years, with the option to renew for another term | Varies: 10 to 40 years, with the option to renew for another term | For life | For life | For life | For life |
| Tax-Free Death Benefit | YesDisclaimer2 | YesDisclaimer2 | YesDisclaimer2 | YesDisclaimer2 | YesDisclaimer2 | YesDisclaimer2 |
| Optional Benefits | Please contact us for more information. |
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None |
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| Other Features |
Convert to whole or RBC Growth Insurance without medical evidenceDisclaimer5 Exchange Term 10 for Term 15, 20 or 30 without medical evidenceDisclaimer5 Additional coverage on top of the life insurance benefit in case of accidental deathDisclaimer5 |
Convert to whole or RBC Growth Insurance without medical evidenceDisclaimer5 Exchange Term 10 for Term 15, 20 or 30 without medical evidenceDisclaimer5 |
No |
Compassionate advance due to terminal illnessDisclaimer5 Additional coverage of 5x the life insurance benefit in case of accidental deathDisclaimer5 |
Portion of premium is deposited into investment accounts of your choice, where money grows tax-advantaged |
Policy builds future cash value and can earn dividends Juvenile Guaranteed Insurability Benefit |
| Premiums Guaranteed | Yes, the entire term. Premiums change at renewal but are guaranteed for entire renewal term. | Yes, the entire term. Premiums change at renewal but are guaranteed for entire renewal term. | Yes | Yes | Various terms and payment optionsDisclaimer4 | Yes |
| Premium Increases | Yes, after initial term is complete | Yes, after initial term is complete | No | No | Various terms and payment optionsDisclaimer4 | No |
| Timeframe to Pay Premiums | The entire term, up until age 100 | The entire term, up until age 100 | To age 100 | To age 95 | Various terms and payment optionsDisclaimer4 |
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| Cancelable Anytime | Yes | Yes | Yes | Yes | Yes (taxes and surrender charges may apply) | Yes (taxes may apply) |
| Money-Back Cancellation Period | 30 days | 10 days | 10 days | 30 days | 10 days | 10 days |
Legal Disclaimer1)
Conditions may apply. Please contact us for more details.
Legal Disclaimer2)
Note that probate fees are applicable if you have not designated a beneficiary and the proceeds of your policy become part of your estate.
Legal Disclaimer3)
The level of coverage that you qualify for depends upon your personal situation (for example, your income and age).
Legal Disclaimer4)
There are different options available to you. Please contact us for more information.
Legal Disclaimer5)
Subject to certain terms and conditions.