Loan, mortgage and credit card insurance are a convenient way to help safeguard not only your family’s lifestyle, but also your assets and net worth. It can also preserve your life, critical illness or disability insurance benefits for other things, including children's tuition, capital gains taxes, final arrangements, living expenses and more.
The following optional insurance is available to clients with an RBC Royal Bank® loan, line of credit, mortgage or credit card:
You are on: Loan or Line of Credit Protection
You'll be pleased to know that LoanProtector®, our loan protection insurance, is a convenient solution that provides you with life and disability or critical illness insurance on your RBC Royal Bank Personal Loan and Royal Credit Line® account.
LoanProtector insurance can help act as a financial safety net by paying off or reducing the outstanding insured balance of your personal loans and lines of credit in the event of your death or if you are diagnosed with a covered illness.
And, if you are disabled and unable to work due to illness or injury, it can help maintain your regular loan payments and pay a percentage of your qualifying credit line balance for up to 24 months.
A representative can explain the coverage options that are available to you.
Loan and Mortgage Protection
Credit Card Protection