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RBC INSURANCE® TERM LIFE PLANS

Offering simple and affordable Term Life Insurance Plans, RBC Insurance provides coverage that is perfect for all families on a budget. The YourTerm™ plan allows for complete customization by allowing you to choose your coverage length and customize it in one-year increments. RBC Insurance's Term 10 and Term 20 plans offer affordable & guaranteed coverage for either a fixed 10- or 20-year term period.

RBC Insurance offers the following term life insurance plans:

Term Length

Eligibility

Coverage Options

Other Details

Term 10-15

18 – 70

$50,000 to $500,000

No medical exams required to apply. Guaranteed premiums. Convertible to a permanent policy.

Term 16-40

Meet maximum issue age of 85 minus the selected term length.
For example: Age 85 -Term 25 = Age 60.

$50,000 to $500,000

No medical exams required to apply. Guaranteed premiums. Convertible to a permanent policy.

Term Length

Eligibility

Coverage Options

Other Details

Term 10-15

18 – 70

$500,000 to $25,000,000

Exchange a YourTerm 10 plan for a YourTerm 15, 20, or 30 plans without providing medical evidence. Convertible to a permanent policy.

Term 16-40

Meet maximum issue age of 85 minus the selected term length.
For example: Age 85 -Term 25 = Age 60.

$500,000 to $25,000,000

Exchange a YourTerm 10 plan for a YourTerm 15, 20, or 30 plans without providing medical evidence. Convertible to a permanent policy.

OUR REVIEWS

We appreciate our customers’ feedback! Here’s what our clients are saying about us.


WHY CHOOSE US

No medical exams

No medical exams

We’ve removed the most significant barrier stopping most Canadians from getting insured. Our plan requires no medical exams to qualify for coverage, meaning no tests, needles or waiting for results to see if you can apply.

No appointments

No appointments

There are no appointments to schedule and no need to meet with an agent face-to-face. With our plan, you can complete your application over the phone with one of our helpful and friendly advisors.

No paperwork

No paperwork

Extremely long health questionnaires and other tedious paperwork requirements are used by many insurers when applying for coverage. With us, there is absolutely zero paperwork for you to fill out.

Up to $500,000 in coverage

Up to $500,000 in coverage

By offering up to $500,000 in benefit amounts, our term life insurance coverage is suited to help provide financial protection for any need in life. Whether you’ve got loved ones to look after or you’ve just purchased a home, our plan will work for you.

Simple Online Application

Simple Online Application

Our application process is easy, quick, and done entirely online at your own pace. The process we’ve created is designed to be hassle-free at every stage so you can get the coverage you are looking for faster.

No Premium Surprises

No Premium Surprises

There’s nothing worse when it comes to your life insurance plan than finding out your premiums have suddenly increased. That’s why, with our plan, your premiums are guaranteed to remain the same for the duration of the policy.

Knowledge CENTRE

Learn more about Term Life Insurance and see how a policy can work for you with these helpful tools and resources.

Hidden Field

TIPS

Helpful tips for purchasing, reviewing, and living with a term life insurance plan.

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Q&A

We address some of the most common questions about life insurance.

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Calculator

Calculate how much term life insurance you need.