{"id":15314,"date":"2024-10-30T12:06:51","date_gmt":"2024-10-30T12:06:51","guid":{"rendered":"https:\/\/www.rbcinsurance.com\/en-ca\/?page_id=15314"},"modified":"2026-03-11T16:30:08","modified_gmt":"2026-03-11T20:30:08","slug":"whole-life-insurance","status":"publish","type":"page","link":"https:\/\/www.rbcinsurance.com\/en-ca\/life-insurance\/whole-life-insurance\/","title":{"rendered":"Whole Life Insurance"},"content":{"rendered":"\n
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Home<\/a><\/span><\/span><\/p>\n\n\n\n

Whole life<\/mark> insurance<\/mark><\/h1>\n\n\n\n

Whole life insurance combines lifelong coverage and tax-advantaged savings to help protect your family and assets for the long-term.<\/p>\n\n\n\n

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Speak to an advisor<\/a><\/div>\n\n\n\n

or Call 1-866-262-7918<\/a><\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Participating whole life insurance<\/h2>\n\n\n\n

Are you looking for a way to grow your wealth while staying protected? With participating whole life insurance, you have several options for leveraging your dividends in the best way that works for you. And you have the freedom to access funds in your policy for whatever you need throughout your life\u2014whether that\u2019s to help pay off your mortgage or other debts, transfer wealth to the next generation, or make a charitable donation.<\/p>\n<\/div>\n<\/section>\n\n\n\n

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You should consider whole life insurance if:<\/h3>\n\n\n\n
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You have assets that might be subject to taxes and fees that may occur after death<\/p>\n\n\n\n

You\u2019re financially secure and focused on growing your wealth<\/p>\n\n\n\n

You contribute the maximum to your registered savings plans<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n

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0 – 80<\/h3>\n<\/div>\n\n\n\n

Eligible ages*<\/h5>\n<\/div>\n<\/div>\n\n\n\n
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$25K – $25M<\/h3>\n\n\n\n

Coverage available<\/h5>\n<\/div>\n<\/div>\n\n\n\n
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Dividend options<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
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Customizable add-ons<\/h3>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
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Benefits of participating whole life insurance<\/span><\/h2>\n<\/div>\n\n\n\n
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Potential for dividends<\/h4>\n<\/div>\n\n\n\n

A portion of your premiums are invested and the earnings in this account may be paid out to you as dividends.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Lifetime coverage<\/h4>\n<\/div>\n\n\n\n

With whole life insurance, you have permanent coverage for life\u2014your protection does not end after a certain period.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Cash value guarantees<\/h4>\n<\/div>\n\n\n\n

Access the funds in your policy for anything, such as unexpected expenses or to supplement your income in retirement.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Estate planning<\/h4>\n<\/div>\n\n\n\n

The unique features of whole life insurance make it an ideal way to protect your assets and pass them on to future generations.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Tax-free benefit<\/h4>\n<\/div>\n\n\n\n

Your beneficiary receives the death benefit tax-free.1<\/a><\/sup><\/p>\n<\/div>\n<\/div>\n\n\n\n

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Access to your money<\/h4>\n<\/div>\n\n\n\n

Use the cash value you\u2019ve accumulated in your policy as needed throughout your life<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Single or joint coverage<\/h4>\n<\/div>\n\n\n\n

Choose coverage for yourself only, for yourself and your spouse, and\/or for other family members<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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World-class asset management<\/h4>\n\n\n\n

Backed by an RBC investment team with over 100 years of collective asset management experience<\/p>\n\n\n\n

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Book a call today<\/a><\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n
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Choose from two participating whole life insurance plans<\/h2>\n\n\n\n

RBC Growth Insurance and RBC Growth Insurance Plus provides the powerful combination of life insurance coverage plus the opportunity to earn tax-deferred investment growth.<\/span><\/p>\n<\/div>\n\n\n\n

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Whole life insurance<\/h5>\n<\/div>\n\n\n\n

RBC Growth Insurance<\/h4>\n\n\n\n

Maximize your long-term tax-deferred growth to increase the death benefit amount.<\/p>\n<\/div>\n\n\n\n

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Ideal if you want<\/h5><\/div>
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Leave a legacy for your loved ones<\/p>\n\n\n\n

Pay for incurred gains on assets<\/p>\n<\/div><\/div>\n\n\n\n

Features<\/h5><\/div>
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Coverage available: $25,000 – $25,000,000<\/p>\n\n\n\n

Guaranteed Cash Value: Accessible after 5th policy year<\/p>\n\n\n\n

Juvenile Guaranteed Insurability Benefit: If you buy a policy for your child or grandchild, this exclusive benefit lets them purchase additional insurance after their 18th birthday without giving additional evidence of insurability<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n

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Book a call<\/a><\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
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Whole life insurance<\/h5>\n<\/div>\n\n\n\n

RBC Growth Insurance Plus<\/h4>\n\n\n\n

Accelerate your tax-deferred growth as quickly as possible.<\/p>\n<\/div>\n\n\n\n

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Ideal if you want<\/h5><\/div>
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Access policy funds through a policy loan<\/p>\n\n\n\n

Use the policy as collateral through a financial institution<\/p>\n<\/div><\/div>\n\n\n\n

Features<\/h5><\/div>
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Coverage available: $250,000 – $25,000,000<\/p>\n\n\n\n

Guaranteed Cash Value: Accessible after 1st policy year<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n

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Book a call<\/a><\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
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Calculate how much life insurance you need<\/h4>\n<\/div>\n\n\n\n

Start planning for the future by understanding how much coverage could support your goals.<\/p>\n\n\n\n

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Calculate now<\/a><\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n
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Compare life insurance options<\/h4>\n<\/div>\n\n\n\n

There\u2019s a life insurance plan to suit your unique situation\u2014let\u2019s help you find it.<\/p>\n\n\n\n

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Compare now<\/a><\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
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What’s covered under whole life insurance?<\/h3>\n<\/div>\n\n\n\n
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