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If you have a family, term life insurance is one of the best ways you can help protect their financial future. And now, with RBC Simplified Term Life Insurance, you may be able to apply online in as little as 15 minutes, making it even easier to get the coverage your family needs.

Get a Quote or Apply Online


Benefits of RBC Simplified Term Life Insurance

  • Easy Application: Whether you buy online or over the phone, your coverage could be in place in as little as 15 minutes.
  • No Medical Exam: In most cases there is no requirement for a medical exam, doctor's visit or testing—just answer a few basic questions about your current health and lifestyle (an underwriter may call in some cases).
  • Affordable: Rates start under $12 per month for $50,000 in coverage(1).
  • Tax-Free: Your beneficiaries receive the death benefit tax-free(2), which they can use to pay off debts, cover day-to-day expenses and more.
  • Flexible: Choose from various coverage amounts under $250,000 and the length of time you want coverage for—either 10 or 20 years(3). At the end of your term, you can renew for 10 or 20 more years at pre-disclosed rates(4).
  • Guaranteed: Premiums and coverage amount are guaranteed for the entire policy term.
  • Portable: Unlike coverage you may have through your employer, you can keep your policy if you change jobs.

Free 30-Day Look

Up to 30 days after you purchase RBC Simplified Term Life Insurance, you can cancel your policy for any reason and receive a full refund (as long as no claim has been made).


A name you can trust

RBC Insurance is a part of RBC®, a trusted Canadian brand. When you have a policy with us, you can be confident that we will be there when you or your family need us.


1) Rate based on a $50,000 policy for a male, age 38, non-smoker.

2) Note that probate fees are applicable if you have not designated a beneficiary and the proceeds of your policy become part of your estate. The information above is intended as a summary only.

3) You may apply for RBC Simplified Term Life Insurance if you are between the ages of 18 and 70 (Term 10) or 18 and 60 (Term 20) and are a Canadian citizen or permanent resident/landed immigrant who has been in Canada for more than 12 months.

4) You can renew your policy up until the policy anniversary nearest your 80th birthday, at which time coverage expires.


Need help deciding?

An RBC Insurance® advisor can help you choose the right coverage for your family.

  • Call 1-866-223-7113

Or try the calculator below to estimate your needs: