4/10/2023 0 Comments Rbc home protector![]() ![]() You will save almost one months premium if you pay annually compared to monthly. Yes, RBC Insurance provides a discount if you pay annually compared to monthly. Q: Does RBC provide a discount if I pay annually compared to monthly? No, there are no cancellation or termination charges incurred by the client to cancel a life insurance policy from RBC Insurance. Q: Are there any fees charged to cancel a life insurance policy from RBC Insurance? There are a number of factors which can affect the length of an application. ![]() Q: What is the average underwriting time for RBC?įrom our experience, the average underwriting (processing) time for RBC Insurance applications can be anywhere between 15 – 45 days. Yes, the rates (and coverage amount) are guaranteed for the entire length of the initial term. Q: Are term life insurance rates guaranteed? For term lengths between 16 and 40 years, the maximum age would be age 85, less the select term.Īlso, all applicants must be a Canadian citizen or permanent resident/landed immigrant who has been in Canada for at least 12 months. Q: Who can apply for term life insurance through RBC?įor term lengths between 10 and 15 years, anyone between the ages of 18 and 70 can apply for coverage. This is not commonly offered and will be advertised on our website in the event that they offer it again in the future. RBC has also in the past offered a 10% discount off of all new term life insurance applications. Yes! RBC Insurance offers a 10% discount on term life insurance policies if you have home and/or auto insurance with RBC. For example, if you wanted to purchase a 17 year term, you have the ability to do so with RBC Insurance. They actually allow you to choose the specific year of coverage that you prefer (unlike most life insurance companies). RBC Insurance offers a variety of term lengths ranging from 10 years to 40 years. Frequently Asked Questions Q: What term lengths does RBC Insurance provide? ![]()
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