A Secure Financial Safety Net Precisely When You and Your Family Need it Most
You may have taken out a loan or line of credit to pay for a new car, a home renovation, or to build your RRSP. Whatever the case, you're making a better life for you and your family.
But what if something were to happen to you and you couldn't make the monthly payments on your financial obligations?
You'll be pleased to know that our loan protection insurance, LoanProtector® is a low cost solution that provides you with life and disability insurance on your RBC Royal Bank® Personal Loan and Royal Credit Line® account, right when you need it most.
LoanProtector insurance acts 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. And, if you become disabled, it can help maintain your regular loan payments and pay a percentage of your qualifying credit line balance for up to 24 months.
Learn more about LoanProtector insurance at RBC Royal Bank. To learn more about protecting your loan and line of credit, visit RBC Royal Bank.
All products and services are subject to the terms of conditions of the applicable insurance contract. In the event of any conflict, the terms and conditions of the insurance contract will govern.
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