{"id":26338,"date":"2025-08-22T14:26:45","date_gmt":"2025-08-22T18:26:45","guid":{"rendered":"https:\/\/www.rbcinsurance.com\/en-ca\/?page_id=26338"},"modified":"2026-03-27T13:35:48","modified_gmt":"2026-03-27T17:35:48","slug":"5-ways-to-save-on-life-insurance","status":"publish","type":"page","link":"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/","title":{"rendered":"5 Ways To Save On Life Insurance Without Compromising Your Coverage"},"content":{"rendered":"\n<div class=\"wp-block-rbc-resource-wrapper resourceWrapper tabListStickyWrapper hidePagination\">\n<div class=\"wp-block-group resourceWrapper__col-left tabListHeadings is-layout-flow wp-block-group-is-layout-flow\"><div class=\"yoast-breadcrumbs mar-t-hlf mob-mar-t-hlf mar-b mob-mar-b\"><span class=\"rbc-yoast-breadcrum-span\"><span><a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/\">Home<\/a><\/span> &gt; <span><a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/\">Content Library<\/a><\/span> &gt; <span class=\"breadcrumb_last\" aria-current=\"page\">5 Ways To Save On Life Insurance Without Compromising Your Coverage<\/span><\/span><\/div>\n\n\n<h1 class=\"wp-block-heading\" id=\"h-5-ways-to-save-on-life-insurance\">5 ways to save on life insurance<\/h1>\n\n\n\n<p class=\"has-text-major-reg-font-size\">(without compromising your coverage)<\/p>\n\n\n\n<div class=\"rbc-pill-block\"><div class=\"wp-block-rbc-pill-block snipe pill  mar-t mob-mar-t mar-b-hlf mob-mar-b-hlf\" style=\"--icon-url:url(undefined)\"><span>8 min read<\/span><\/div><\/div>\n\n\n\n<figure class=\"wp-block-image alignfull size-large has-custom-border\"><img loading=\"lazy\" decoding=\"async\" width=\"923\" height=\"377\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/07\/online-eguide_5-ways-to-save.png?quality=80&amp;w=923\" alt=\"\" class=\"wp-image-29726\" style=\"border-radius:8px\" srcset=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/07\/online-eguide_5-ways-to-save.png 923w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/07\/online-eguide_5-ways-to-save.png?resize=300,123 300w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/07\/online-eguide_5-ways-to-save.png?resize=768,314 768w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/07\/online-eguide_5-ways-to-save.png?resize=412,168 412w\" sizes=\"auto, (max-width: 923px) 100vw, 923px\" \/><\/figure>\n\n\n\n<div style=\"height:41px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-lg-font-size\"><span class=\"partial__border-bottom\">Insider tips used by licensed insurance professionals<\/span><\/p>\n\n\n\n<p class=\"mar-t mob-mar-t mar-b-qtr mob-mar-b-qtr\"><strong>Are you looking for a life insurance policy that gives you the best coverage for the lowest possible price?<\/strong><\/p>\n\n\n\n<p class=\"mar-b-qtr mob-mar-b-qtr\">Knowing where to look and what questions to ask is half the battle.<\/p>\n\n\n\n<p class=\"mar-b-qtr mob-mar-b-qtr\">Instead of re-hashing common life insurance advice, this guide shares actionable insider tips and tricks that professional insurance brokers and advisors use to save money while getting the coverage their clients need.<\/p>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-t mob-mar-t mar-b mob-mar-b  isHighlighted\" style=\"--icon-url:url(undefined);background-color:#006AC3\">\n<div class=\"wp-block-group informationCard__content is-style-default default is-layout-flow wp-block-group-is-layout-flow\" style=\"padding-top:0;padding-bottom:0\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:75%\">\n<div class=\"rbc-pill-block\"><div class=\"wp-block-rbc-pill-block snipe pill\" style=\"--icon-url:url(undefined)\"><span>Check our prices<\/span><\/div><\/div>\n\n\n\n<p class=\"mar-t-qtr mob-mar-t-qtr\">Get a life insurance quote that you can use to compare with other insurance providers.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:25%\">\n<div class=\"wp-block-buttons is-content-justification-left is-layout-flex wp-container-core-buttons-is-layout-0e5a4d8e wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100 is-style-primary primary btn before\"><a class=\"wp-block-button__link has-text-align-center wp-element-button\" href=\"https:\/\/www.rbcinsurance.com\/en-ca\/life-insurance\/life-insurance-quote\/?cid=en:leadmagnet:5waystosave:eguide\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-26338-487d1e9e\" data-dig-category=\"LP\" data-dig-action=\"button click\" data-dig-label=\"Get a quick quote-https:\/\/www.rbcinsurance.com\/en-ca\/life-insurance\/life-insurance-quote\/?cid=en:leadmagnet:5waystosave:eguide \">Get a quick quote<\/a><\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-shop-smart-and-compare-multiple-quotes\">Shop smart and compare multiple quotes<\/h2>\n\n\n\n<p><span class=\"partial__border-bottom\">Comparing 3\u20135 quotes from different providers is the best way to ensure you\u2019re getting a good deal.<\/span><\/p>\n\n\n\n<p class=\"mar-t mob-mar-t\">Professional brokers and advisors use special tools and software to collect and compare quotes from different insurance companies.<\/p>\n\n\n\n<p>Here are three different Canadian online life insurance comparison tools:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc mar-t-hlf mob-mar-t-hlf mar-b-hlf mob-mar-b-hlf pad-l-qtr mob-pad-l-qtr\">\n<li class=\"wp-block-rbc-list-item\">\n<p>PolicyAdvisor.com<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Rates.ca<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>InsuranceHotline.com<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"mar-b-qtr mob-mar-b-qtr\">Entering your province, gender, age, smoker-status, and email address into any of these platforms will return multiple insurance quotes from the leading Canadian life insurance companies.<\/p>\n\n\n\n<p class=\"mar-b-qtr mob-mar-b-qtr\"><em>(RBC Insurance is not affiliated with these websites, and does not guarantee the results of their use.)<\/em><\/p>\n\n\n\n<p>Tailor the quotes based on how much coverage you need, and how long you\u2019d like the coverage to last.<\/p>\n\n\n\n<div class=\"rbci-tw-alert bannerNotice\"><div class=\"wp-block-rbc-banner-notice rbc-banner-block-header-div default\"><div><p class=\"rbc-banner-block-header\">Tip<\/p><\/div><\/div><div class=\"rbc-banner-block-description-p \"><div class=\"buttonSection\">\n<p class=\"call-link\">Use the <a href=\"https:\/\/www.rbcinsurance.com\/life-insurance\/life-insurance-calculator\/index.html?cid=en:leadmagnet:5waystosave:eguide\" target=\"_blank\" data-dig-id=\"LP-26338-31a35529\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC Life Insurance Calculator\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">RBC Life Insurance Calculator<\/a> to figure out how much coverage is right for you.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-b mob-mar-b mar-t-0 mob-mar-t-0\" style=\"--icon-url:url(undefined);background-color:#EDF7FC\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<p><strong>We recommend using more than one tool to compare quotes as there might be some variance in the results<\/strong>.<\/p>\n\n\n\n<p><strong>Example:<\/strong> A $500,000 policy for 20 years might cost $35\/month, while reducing the term to 15 years drops the premium to $25\/month.<sup><a href=\"#legal-2\" data-dig-id=\"LP-26338-cf41467f\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"2\" class=\"rbc-link-format\">2<\/a><\/sup><\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-use-strategic-policy-layering\">Use strategic policy layering<\/h2>\n\n\n\n<p>Many people take out a single life insurance policy that covers all their needs for a fixed term.<\/p>\n\n\n\n<p><span class=\"partial__border-bottom\">But industry professionals often practice policy layering. This refers to the act of buying multiple life insurance policies with different coverage amounts and durations to match your financial needs at specific stages of your life.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-layer-multiple-policies-for-savings\">Layer multiple policies for savings<\/h3>\n\n\n\n<p>Instead of paying for one large, expensive policy, layering smaller policies that only overlap when necessary can save you money while ensuring you have the right amount of coverage only when you need it.<\/p>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-b mob-mar-b mar-t mob-mar-t\" style=\"--icon-url:url(undefined);background-color:#EDF7FC\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<p><strong>For example, instead of a single life insurance policy with $350,000 coverage for 30 years, you can take out three different policies to get the same coverage at a lower cost:<\/strong><sup><a href=\"#legal-2\" data-dig-id=\"LP-26338-cf41467f\" data-dig-label=\"2\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">2<\/a><\/sup><\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc mar-t-hlf mob-mar-t-hlf\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Policy 1:<\/strong> $100,000 for 10 years to cover immediate short-term debts like personal loans or car payments<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Policy 2:<\/strong> $200,000 for 20 years to cover your mortgage<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Policy 3:<\/strong> $50,000 for 30 years to provide long-term income replacement for your family<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p class=\"mar-t-hlf mob-mar-t-hlf mar-b-hlf mob-mar-b-hlf\">Layering your life insurance policies in this way can reduce your overall payments significantly.<\/p>\n\n\n\n<p><strong>Example:<\/strong> Layering $350,000 of term life insurance coverage with RBC Insurance over 30 years into 3 different polices saves nearly 30% on your total premium payments.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large mar-t-hlf mob-mar-t-hlf\"><img loading=\"lazy\" decoding=\"async\" height=\"1006\" width=\"1024\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/04\/policy_layering_savings.png?quality=80&amp;w=1024\" alt=\"You save $7,448 by layering 3 different life insurance policies over a 30 year period instead of taking a single policy.\" class=\"wp-image-26351\" srcset=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/04\/policy_layering_savings.png 1472w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/04\/policy_layering_savings.png?resize=300,295 300w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/04\/policy_layering_savings.png?resize=768,754 768w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/04\/policy_layering_savings.png?resize=1024,1006 1024w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/04\/policy_layering_savings.png?resize=412,405 412w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-sm-font-size\"><strong>Note:<\/strong> Rates and savings are based on a Simplified Term Life policy for a 41-year-old non-smoker male living in Ontario, with premiums paid annually<sup><a href=\"#legal-2\" data-dig-id=\"LP-26338-cf41467f\" data-dig-label=\"2\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">2<\/a><\/sup><\/p>\n\n\n\n<h3 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-how-to-layer-life-insurance-policies\">How to layer life insurance policies<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-1-determine-your-coverage-needs-for-different-life-stages-and-financial-obligations\">1. Determine your coverage needs for different life stages and financial obligations<\/h4>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc mar-t-hlf mob-mar-t-hlf pad-l-qtr mob-pad-l-qtr\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Immediate debts:<\/strong> Calculate your total short-term debts like personal loans or car loans (e.g., a 10-year term policy)<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Mortgage:<\/strong> Align coverage with the remaining years of your mortgage (e.g., a 20-year term policy)<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Long-term needs:<\/strong> Include income replacement for your dependents, or education costs for kids (e.g., a 30-year term policy)<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-2-use-a-life-insurance-calculator\">2. Use a life insurance calculator<\/h4>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc mar-t-hlf mob-mar-t-hlf pad-l-qtr mob-pad-l-qtr\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Search for calculators from Canadian-specific platforms like <em>PolicyAdvisor.com<\/em> or <em>InsuranceHotline.com<\/em><\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Input different policy term lengths and amounts based on your financial breakdown from Step 1<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>For example:<\/strong> Calculate $100,000 coverage for 10 years, $200,000 for 20 years, and $50,000 for 30 years<\/p>\n<\/li>\n<\/ul>\n\n\n\n<div class=\"rbci-tw-alert bannerNotice\"><div class=\"wp-block-rbc-banner-notice rbc-banner-block-header-div default\"><div><p class=\"rbc-banner-block-header\">Tip<\/p><\/div><\/div><div class=\"rbc-banner-block-description-p \"><div class=\"buttonSection\">\n<p class=\"call-link\">Use the <a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/life-insurance\/life-insurance-quote\/?cid=en:leadmagnet:5waystosave:eguide\" target=\"_blank\" data-dig-id=\"LP-26338-ae81e70c\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC Term Life Insurance Tool\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">RBC Term Life Insurance Tool<\/a> to quickly create and compare life insurance policy quotes for different coverage amounts and durations.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-3-compare-costs-to-verify-savings\">3. Compare costs to verify savings<\/h4>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc mar-t-hlf mob-mar-t-hlf pad-l-qtr mob-pad-l-qtr\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Add these premiums together to calculate the total cost of layered policies.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Use the same calculator to check the premium for a single policy covering the highest amount for the longest period (e.g., $350,000 for 30 years)<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Compare this total cost to the combined cost of layered policies to confirm savings<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-improve-health-and-optimize-your-application-timing\">Improve health and optimize your application timing<\/h2>\n\n\n\n<p><span class=\"partial__border-bottom\">Insurance policy premiums are calculated through underwriting, which is the process insurers use to assess how risky it is to provide you with coverage.<\/span><\/p>\n\n\n\n<p class=\"mar-t mob-mar-t\">Underwriting looks at factors like your health, age, lifestyle and occupation to decide how much your life insurance policy will cost and whether to approve it.<\/p>\n\n\n\n<p>While you can\u2019t change how old you are, you can change certain lifestyle and health factors to make you less risky (and less expensive) to insure.<\/p>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-t-hlf mob-mar-t-hlf mar-b-hlf mob-mar-b-hlf\" style=\"--icon-url:url(undefined);background-color:#EDF7FC\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<p><strong>Here are two changeable health factors that have a big impact life insurance premiums:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-rbc-list is-style-blue-disc mar-t-hlf mob-mar-t-hlf\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Body-Mass Index (BMI)<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Smoker vs. Non-Smoker<\/p>\n<\/li>\n<\/ol>\n<\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-lower-your-bmi-to-reach-a-healthier-range\">Lower your BMI to reach a healthier range<\/h3>\n\n\n\n<p>Insurers often base premiums on BMI (Body Mass Index), a simple calculation that uses a person\u2019s height and weight to designate a classification.<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc mar-t-hlf mob-mar-t-hlf pad-l-qtr mob-pad-l-qtr\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Healthy BMI (18.5 \u2013 24.9):<\/strong> Most insurers offer standard or preferred rates.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Overweight BMI (25 \u2013 29.9):<\/strong> Standard rates are still available, but preferred rates are less likely.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Obese BMI (30+):<\/strong> Insurers may charge higher premiums or impose stricter underwriting requirements. Lowering BMI below 30 can lead to significant savings.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-b-hlf mob-mar-b-hlf mar-t mob-mar-t\" style=\"--icon-url:url(undefined);background-color:#EDF7FC\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group informationCard__icon-group is-layout-flow wp-block-group-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"h-calculate-your-bmi\">Calculate your BMI<\/h4>\n<\/div>\n\n\n\n<p>To lower your premiums, focus on reaching a weight that lowers your BMI into the next category. For example, moving from a BMI of 30.5 to 29.9 will drop your insurance premiums from \u2018Obese\u2019 category rates into \u2018Overweight\u2019, but moving from 29.9 to 24 won\u2019t make you eligible for \u2018Healthy\u2019 category rates.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button btn before is-style-secondary secondary\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.diabetes.ca\/resources\/tools-resources\/body-mass-index-(bmi)-calculator\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-26338-13126faa\" data-dig-category=\"LP\" data-dig-action=\"button click\" data-dig-label=\"Calculate your BMI-https:\/\/www.diabetes.ca\/resources\/tools-resources\/body-mass-index-(bmi)-calculator \">Calculate your BMI<\/a><\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/calculator-illustration-200x200-1.svg?quality=80&amp;w=1024\" alt=\"illustration of a calculator\" class=\"wp-image-18500\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"rbci-tw-alert bannerNotice\"><div class=\"wp-block-rbc-banner-notice rbc-banner-block-header-div default\"><div><p class=\"rbc-banner-block-header\">Tip<\/p><\/div><\/div><div class=\"rbc-banner-block-description-p \"><div class=\"buttonSection\">\n<p class=\"call-link\">Ask an insurer what BMI ranges and categories they use when assessing applications.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-quit-smoking\">Quit smoking<\/h3>\n\n\n\n<p>In Canada, smokers typically pay 2 to 4 times more than non-smokers for life insurance.<\/p>\n\n\n\n<p>Most insurers classify you as a smoker if you&#8217;ve used tobacco or nicotine products in the last 12 months, including vaping and nicotine replacements.<\/p>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-t-hlf mob-mar-t-hlf mar-b-hlf mob-mar-b-hlf\" style=\"--icon-url:url(undefined);background-color:#EDF7FC\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<p><strong>Example: <\/strong>A 35-year-old non-smoker might pay $30 per month for a $500,000, 20-year term life insurance policy. A smoker of the same age and coverage could pay $90-$120 per month.<sup><a href=\"#legal-2\" data-dig-id=\"LP-26338-cf41467f\" data-dig-label=\"2\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">2<\/a><\/sup><\/p>\n<\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-time-your-application-to-maximize-health-improvement-savings\">Time your application to maximize health improvement savings<\/h3>\n\n\n\n<p>If you plan to lose weight or quit smoking, it\u2019s more cost-effective to wait for these health improvements before applying.<\/p>\n\n\n\n<p>Apply six months after achieving significant health improvements to ensure these changes reflect in your medical records and can be used in the underwriting process to secure lower rates.<\/p>\n\n\n\n<p>If you need life insurance coverage sooner, consider getting temporary short-term coverage to avoid overpaying for long-term coverage while waiting for your health factors to improve.<\/p>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-t-hlf mob-mar-t-hlf mar-b-hlf mob-mar-b-hlf\" style=\"--icon-url:url(undefined);background-color:#EDF7FC\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<p><strong>Example: <\/strong>A smoker plans to quit in a year and takes out a $100,000, 1-year term policy at a higher rate (e.g., $50 per month). After successfully quitting, they reapply for a $500,000, 20-year policy as a non-smoker, reducing their monthly premium to $30.<sup><a href=\"#legal-2\" data-dig-id=\"LP-26338-cf41467f\" data-dig-label=\"2\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">2<\/a><\/sup><\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-target-niche-providers-and-specialized-policies\"><span class=\"partial__border-bottom\">Target niche providers and specialized policies<\/span><\/h2>\n\n\n\n<p class=\"mar-t mob-mar-t\">While insurance companies provide coverage for all Canadians, some insurers offer specific demographics special offers or lower premiums rates.<\/p>\n\n\n\n<ol class=\"wp-block-rbc-list mar-t-hlf mob-mar-t-hlf mar-b-hlf mob-mar-b-hlf\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Young, Healthy Individuals:<\/strong> Premiums are lowest for people in their 20s and 30s with no major health conditions<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Non-Smokers:<\/strong> Non-smokers pay significantly less than smokers<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Women:<\/strong> Women typically pay slightly lower premiums due to longer life expectancy<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Professionals in low-risk occupations:<\/strong> Office workers and other low-risk occupations may qualify for better rates<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Active, health-conscious individuals:<\/strong> People with excellent health metrics often qualify for preferred rates<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Seniors seeking simplified policies:<\/strong> Seniors looking for smaller policies typically can access affordable options<\/p>\n<\/li>\n<\/ol>\n\n\n\n<p class=\"mar-b-hlf mob-mar-b-hlf\">If you fall into one of these categories, look for an insurer that offers special deals or programs for your group. Online comparison tools like <em>PolicyAdvisor.com<\/em> often highlight insurers\u2019 strengths, while visiting an insurer\u2019s website can help identify special rewards programs or rates.<\/p>\n\n\n\n<p><strong>There are several Canadian insurers that serve these demographics well.<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc mar-t-hlf mob-mar-t-hlf mar-b-hlf mob-mar-b-hlf pad-l-qtr mob-pad-l-qtr\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>RBC Insurance:<\/strong> Offers flexible policies with competitive rates for term life insurance (<a href=\"https:\/\/www.rbcinsurance.com\/life-insurance\/life-insurance-quote\/index.html?cid=en:leadmagnet:5waystosave:eguide\" target=\"_blank\" data-dig-id=\"LP-26338-4621a0ec\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Check prices\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Check our prices<\/a>)<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Manulife:<\/strong> Rewards health-conscious individuals through its Vitality program<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Sun Life:<\/strong> Competitive rates for women and non-smokers, with flexible term options<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Canada Life:<\/strong> Strong options for seniors with simplified policies<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Empire Life:<\/strong> Ideal for young, low-risk professionals with competitive rates<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Industrial Alliance (iA Financial):<\/strong> Focused on fast approvals for simplified and no-medical-exam products<\/p>\n\n\n\n<h2 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-ask-for-discounts-and-advocate-for-yourself\">Ask for discounts and advocate for yourself<\/h2>\n\n\n\n<p><span class=\"partial__border-bottom\">Asking the right question can unlock savings that you wouldn\u2019t have otherwise known about.<\/span><\/p>\n\n\n\n<p class=\"mar-t mob-mar-t\">Make sure to ask these questions before purchasing a life insurance policy:<\/p>\n<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-t-hlf mob-mar-t-hlf mar-b-hlf mob-mar-b-hlf\" style=\"--icon-url:url(undefined);background-color:#F7F8FA\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<p class=\"has-text-reg-font-size\"><strong>&#8220;Can you provide discounts for paying premiums annually instead of monthly?&#8221;<\/strong><\/p>\n\n\n\n<p>Many insurers offer lower rates for annual payments because it reduces their administrative costs.<\/p>\n\n\n\n<p><strong>Example:<\/strong> Switching from monthly to annual premium payments on a $500,000 20-year term life policy from RBC Insurance for a 41-year-old male living in Ontario reduces yearly payments from $636.12 to $589.00.<sup><a href=\"#legal-2\" data-dig-id=\"LP-26338-cf41467f\" data-dig-label=\"2\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">2<\/a><\/sup><\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-t-hlf mob-mar-t-hlf mar-b-hlf mob-mar-b-hlf\" style=\"--icon-url:url(undefined);background-color:#F7F8FA\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<p class=\"has-text-reg-font-size\"><strong>&#8220;Are there opportunities to reapply for a lower premium if my health improves or I quit smoking?&#8221;<\/strong><\/p>\n\n\n\n<p>Some insurers allow policyholders to undergo a new underwriting process to reflect improved health or lifestyle changes.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-t-hlf mob-mar-t-hlf mar-b-hlf mob-mar-b-hlf\" style=\"--icon-url:url(undefined);background-color:#F7F8FA\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<p><strong>&#8220;Do you offer any loyalty or bundling discounts if I purchase multiple policies (e.g., home, auto, or additional life insurance)?&#8221;<\/strong><\/p>\n\n\n\n<p>Bundling policies can lead to significant savings across different types of insurance.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-t-hlf mob-mar-t-hlf mar-b-hlf mob-mar-b-hlf\" style=\"--icon-url:url(undefined);background-color:#F7F8FA\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<p><strong>&#8220;Does your underwriting process consider factors like fitness tracking or preventive health measures?&#8221;<\/strong><\/p>\n\n\n\n<p>Some insurers offer preferred rates or discounts based on evidence of proactive health management, such as fitness tracker data or gym memberships.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-t-hlf mob-mar-t-hlf mar-b-hlf mob-mar-b-hlf\" style=\"--icon-url:url(undefined);background-color:#F7F8FA\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<p><strong>&#8220;Can you match a competitor&#8217;s quote or adjust underwriting decisions for specific health improvements?&#8221;<\/strong><\/p>\n\n\n\n<p>Brokers often negotiate for these adjustments, and you can do the same by providing detailed health records or competitive quotes from other insurers.<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-how-to-secure-the-best-life-insurance-rates\"><span class=\"partial__border-bottom\">How to secure the best life insurance rates<\/span><\/h2>\n\n\n\n<p class=\"mar-t mob-mar-t\">Affordable, high-quality life insurance is achievable with the right strategies, even without a broker.<\/p>\n\n\n\n<h4 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-1-compare-multiple-quotes\">1. Compare multiple quotes<\/h4>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-checkmark-icon mar-t-hlf mob-mar-t-hlf pad-l-qtr mob-pad-l-qtr\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Use platforms like <em>PolicyAdvisor.com<\/em> or <em>InsuranceHotline.com<\/em> to get at least 3-5 different quotes<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Toggle coverage amounts and term lengths to find the most cost-effective options<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-2-consider-policy-layering\">2. Consider policy layering<\/h4>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-checkmark-icon mar-t-hlf mob-mar-t-hlf pad-l-qtr mob-pad-l-qtr\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Break coverage into multiple term policies to match your financial needs at different life stages<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Use calculators to estimate costs and confirm layering saves money over a single large policy<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-3-improve-your-health-before-applying\">3. Improve your health before applying<\/h4>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-checkmark-icon mar-t-hlf mob-mar-t-hlf pad-l-qtr mob-pad-l-qtr\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Work on lowering your BMI so it falls into a lower-risk category<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Wait at least 6 months after significant health improvements to apply<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>If you plan to quit smoking or lose weight, take out a short-term policy now and reapply for a longer-term lower-risk policy once you qualify<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-4-target-niche-providers\">4. Target niche providers<\/h4>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-checkmark-icon mar-t-hlf mob-mar-t-hlf pad-l-qtr mob-pad-l-qtr\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Identify insurers specializing in your demographic, like young families, professionals, or non-smokers<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Review their terms and compare against broader market options<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-5-advocate-for-discounts\">5. Advocate for discounts<\/h4>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-checkmark-icon mar-t-hlf mob-mar-t-hlf pad-l-qtr mob-pad-l-qtr\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Ask about annual payments discounts, bundling opportunities, or matching competitor quotes<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Provide evidence of health improvements to negotiate better rates<\/p>\n\n\n\n<h3 class=\"wp-block-heading mar-t mob-mar-t\" id=\"h-tools-and-resources\">Tools and resources<\/h3>\n<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-b-hlf mob-mar-b-hlf mar-t mob-mar-t\" style=\"--icon-url:url(undefined);background-color:#EDF7FC\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group informationCard__icon-group is-layout-flow wp-block-group-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"h-life-insurance-calculator\">Life insurance calculator<\/h4>\n<\/div>\n\n\n\n<p>Figure out exactly how much life insurance coverage you need in 5 minutes or less.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button  is-style-primary primary btn before\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.rbcinsurance.com\/life-insurance\/life-insurance-calculator\/index.html?cid=en:leadmagnet:5waystosave:eguide\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-26338-ef3a4355\" data-dig-category=\"LP\" data-dig-action=\"button click\" data-dig-label=\"Calculate your coverage-https:\/\/www.rbcinsurance.com\/life-insurance\/life-insurance-calculator\/index.html?cid=en:leadmagnet:5waystosave:eguide \">Calculate your coverage<\/a><\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"196\" height=\"195\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/09\/online-insurance-app.webp?quality=80&amp;w=196\" alt=\"Illustration of a hand interacting with a smart phone\" class=\"wp-image-16042\" srcset=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/09\/online-insurance-app.webp 196w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/09\/online-insurance-app.webp?resize=150,150 150w\" sizes=\"auto, (max-width: 196px) 100vw, 196px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-b-hlf mob-mar-b-hlf mar-t mob-mar-t\" style=\"--icon-url:url(undefined);background-color:#EDF7FC\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group informationCard__icon-group is-layout-flow wp-block-group-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"h-term-life-insurance-quote-tool\">Term Life insurance quote tool<\/h4>\n<\/div>\n\n\n\n<p>Get an instant quote on a term life insurance policy from RBC Insurance \u2028that you can use to compare with other insurance providers.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button  is-style-primary primary btn before\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.rbcinsurance.com\/en-ca\/life-insurance\/life-insurance-quote\/?cid=en:leadmagnet:5waystosave:eguide\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-26338-64d71f53\" data-dig-category=\"LP\" data-dig-action=\"button click\" data-dig-label=\"Get a quote-https:\/\/www.rbcinsurance.com\/en-ca\/life-insurance\/life-insurance-quote\/?cid=en:leadmagnet:5waystosave:eguide \">Get a quote<\/a><\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/calculator-illustration-200x200-1.svg?quality=80&amp;w=1024\" alt=\"illustration of a calculator\" class=\"wp-image-18500\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-information-card informationCard mar-b-hlf mob-mar-b-hlf mar-t mob-mar-t\" style=\"--icon-url:url(undefined);background-color:#EDF7FC\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group informationCard__icon-group is-layout-flow wp-block-group-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"h-advisor-locator\">Advisor locator<\/h4>\n<\/div>\n\n\n\n<p>Ask your local RBC Insurance advisor about discounts, bundling opportunities or matching a quote.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button  is-style-primary primary btn before\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/services.rbcinsurance.com\/StoreAdvisorLocator\/?cid=en:leadmagnet:5waystosave:eguide\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-26338-c655f518\" data-dig-category=\"LP\" data-dig-action=\"button click\" data-dig-label=\"Find your advisor-https:\/\/services.rbcinsurance.com\/StoreAdvisorLocator\/?cid=en:leadmagnet:5waystosave:eguide \">Find your advisor<\/a><\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"276\" height=\"292\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/09\/talk-to-advisor-illustration.png?quality=80&amp;w=276\" alt=\"Illustration of an insurance advisor\" class=\"wp-image-16256\"\/><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading mar-t-dbl mob-mar-t-dbl\" id=\"h-3-reasons-to-choose-rbc-insurance\"><span class=\"partial__border-bottom\">3 reasons to choose RBC Insurance<\/span><\/h2>\n\n\n\n<div class=\"wp-block-columns mar-t mob-mar-t is-layout-flex wp-container-core-columns-is-layout-78e8a441 wp-block-columns-is-layout-flex\" style=\"margin-top:0;margin-bottom:0;padding-right:0;padding-left:0\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-rbc-information-card informationCard  has-icon\" style=\"--icon-url:url(https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/03\/branch-md.svg);background-color:#F7F8FA\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group informationCard__icon-group is-layout-flow wp-block-group-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"h-strong-and-stable\">Strong and stable<\/h4>\n<\/div>\n\n\n\n<p>With over 4.8 million insured clients, we\u2019re one of the largest bank-owned insurance companies in Canada.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-rbc-information-card informationCard  has-icon\" style=\"--icon-url:url(https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/09\/loan-protection.svg);background-color:#F7F8FA\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group informationCard__icon-group is-layout-flow wp-block-group-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"h-great-value\">Great value<\/h4>\n<\/div>\n\n\n\n<p>We&nbsp;offer over 20 life, health, home, auto, travel and&nbsp;wealth insurance options&nbsp;to help you protect what matters most.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-rbc-information-card informationCard  has-icon\" style=\"--icon-url:url(https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/Advisor.svg);background-color:#F7F8FA\">\n<div class=\"wp-block-group informationCard__content is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group informationCard__icon-group is-layout-flow wp-block-group-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"h-trusted-advice\">Trusted advice<\/h4>\n<\/div>\n\n\n\n<p>All our&nbsp;insurance professionals are extensively trained and licensed to give you clear advice that fits your needs.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group resourceWrapper__col-right is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-rbc-tabs-list tabsList\"><p class=\"tabsList__heading\">On this page<\/p><div class=\"tabsList__wrapper\"><button class=\"selectDropdown__button\" aria-haspopup=\"listbox\" aria-expanded=\"false\"><span class=\"selectDropdown__title\">Shop smart and compare multiple quotes<\/span><span class=\"selectDropdown__chevron\"><\/span><\/button><ul class=\"tabsList__items selectDropdown__list\"><li class=\"selectDropdown__list__item tabsList__item selected\"><a href=\"#h-shop-smart-and-compare-multiple-quotes\">Shop smart and compare multiple quotes<\/a><\/li><li class=\"selectDropdown__list__item tabsList__item \"><a href=\"#h-use-strategic-policy-layering\">Use strategic policy layering<\/a><\/li><li class=\"selectDropdown__list__item tabsList__item \"><a href=\"#h-improve-health-and-optimize-your-application-timing\">Improve health and optimize your application timing<\/a><\/li><li class=\"selectDropdown__list__item tabsList__item \"><a href=\"#h-target-niche-providers-and-specialized-policies\">Target niche providers and specialized policies<\/a><\/li><li class=\"selectDropdown__list__item tabsList__item \"><a href=\"#h-ask-for-discounts-and-advocate-for-yourself\">Ask for discounts and advocate for yourself<\/a><\/li><li class=\"selectDropdown__list__item tabsList__item \"><a href=\"#h-how-to-secure-the-best-life-insurance-rates\">How to secure the best life insurance rates<\/a><\/li><\/ul><\/div><\/div>\n\n\n\n<div class=\"rbci-tw-alert bannerNotice\"><div class=\"wp-block-rbc-banner-notice rbc-banner-block-header-div default  mar-t-dbl mob-mar-t-dbl\"><div><p class=\"rbc-banner-block-header\">Need more help?<\/p><\/div><\/div><div class=\"rbc-banner-block-description-p \"><div class=\"buttonSection\">\n<p class=\"call-link\">Call an RBC Insurance advisor now at <a href=\"tel:+18662237113\" data-dig-id=\"LP-26338-96321ca0\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"1-866-223-7113\" class=\"rbc-link-format\">1-866-223-7113<\/a>, or request a call and we&#8217;ll get back to you within 2 business days.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button  is-style-primary primary btn before\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.rbcinsurance.com\/request-a-call\/life-insurance\/index.html?cid=en:leadmagnet:5waystosave:eguide\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-26338-c4553741\" data-dig-category=\"LP\" data-dig-action=\"button click\" data-dig-label=\"Request a call-https:\/\/www.rbcinsurance.com\/request-a-call\/life-insurance\/index.html?cid=en:leadmagnet:5waystosave:eguide \">Request a call<\/a><\/div>\n<\/div><\/div>\n<\/div><\/div><\/div>\n\n\n\n<p class=\"mar-t-0 mob-mar-t-0\"><a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/5-ways-to-save-on-life-insurance.pdf\" target=\"_blank\" data-dig-id=\"LP-26338-ffe16d19\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Download as PDF\" class=\"rbc-link-format pdf-link\" data-icon-class=\"pdf-link\" rel=\"noreferrer noopener\">Download this guide<\/a><\/p>\n<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-rbc-legal-collapsible disclaimer\" aria-label=\"Legal Disclaimers\"><div class=\"section-inner\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapseDisclaimer\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapseDisclaimer\" data-dig-id=\"LP-26338-4f3951b7\" data-dig-category=\"LP\" data-dig-action=\"legal close\" data-dig-label=\"legal close\" action-closed=\"legal close\" action-opened=\"legal open\" label-close=\"legal open\" label-open=\"legal close\"><span>View Legal Disclaimers<\/span><span>Hide Legal Disclaimers<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapseDisclaimer\"><div class=\"collapse-inner\"><div class=\"table-wpr\">\n<div class=\"wp-block-rbc-rbc-disclaimer-block\"><div class=\"table-row\" id=\"legal-1\"><div class=\"table-cell\"><span class=\"offscreen\">Legal Disclaimer<\/span><sup>1<\/sup><\/div><div class=\"table-cell\">\n<p>Underwritten by RBC Life Insurance<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-disclaimer-block\"><div class=\"table-row\" id=\"legal-2\"><div class=\"table-cell\"><span class=\"offscreen\">Legal Disclaimer<\/span><sup>2<\/sup><\/div><div class=\"table-cell\">\n<p>All rates, prices, and estimates are for informational purposes only, and are not guaranteed and subject to change at any time <\/p>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":196,"featured_media":0,"parent":26465,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"templates\/new-rbci-design.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-26338","page","type-page","status-publish","hentry"],"pp_force_visibility":null,"pp_subpost_visibility":null,"pp_inherited_force_visibility":null,"pp_inherited_subpost_visibility":null,"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>5 Ways To Save On Life Insurance Without Compromising Your Coverage | RBC Insurance<\/title>\n<meta name=\"description\" content=\"This guide shares actionable insider tips and tricks that professional insurance brokers and advisors use to save money while getting the coverage their clients need.\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Ways To Save On Life Insurance Without Compromising Your Coverage | RBC Insurance\" \/>\n<meta property=\"og:description\" content=\"This guide shares actionable insider tips and tricks that professional insurance brokers and advisors use to save money while getting the coverage their clients need.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Insurance\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-27T17:35:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/07\/online-eguide_5-ways-to-save.png?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"923\" \/>\n\t<meta property=\"og:image:height\" content=\"377\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/\",\"url\":\"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/\",\"name\":\"5 Ways To Save On Life Insurance Without Compromising Your Coverage | RBC Insurance\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcinsurance.com\/en-ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/07\/online-eguide_5-ways-to-save.png?quality=80&amp;w=923\",\"datePublished\":\"2025-08-22T18:26:45+00:00\",\"dateModified\":\"2026-03-27T17:35:48+00:00\",\"description\":\"This guide shares actionable insider tips and tricks that professional insurance brokers and advisors use to save money while getting the coverage their clients need.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/#primaryimage\",\"url\":\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/07\/online-eguide_5-ways-to-save.png?quality=80\",\"contentUrl\":\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/07\/online-eguide_5-ways-to-save.png?quality=80\",\"width\":923,\"height\":377},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rbcinsurance.com\/en-ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Content Library\",\"item\":\"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"5 Ways To Save On Life Insurance Without Compromising Your Coverage\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbcinsurance.com\/en-ca\/#website\",\"url\":\"https:\/\/www.rbcinsurance.com\/en-ca\/\",\"name\":\"RBC Insurance\",\"description\":\"Personal Insurance\",\"publisher\":{\"@id\":\"https:\/\/www.rbcinsurance.com\/en-ca\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbcinsurance.com\/en-ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.rbcinsurance.com\/en-ca\/#organization\",\"name\":\"RBC Insurance\",\"url\":\"https:\/\/www.rbcinsurance.com\/en-ca\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rbcinsurance.com\/en-ca\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/rbc-logo-shield.svg?quality=80&w=1024\",\"contentUrl\":\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/rbc-logo-shield.svg?quality=80&w=1024\",\"width\":\"1024\",\"height\":\"1024\",\"caption\":\"RBC Insurance\"},\"image\":{\"@id\":\"https:\/\/www.rbcinsurance.com\/en-ca\/#\/schema\/logo\/image\/\"},\"description\":\"RBC Insurance offers personal insurance such as car, home, life, health, travel and creditor insurance, plus retirement investment solutions to Canadians.\",\"telephone\":\"1-800-769-2568\",\"legalName\":\"RBC Insurance Services Inc.\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"1001\",\"maxValue\":\"5000\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"5 Ways To Save On Life Insurance Without Compromising Your Coverage | RBC Insurance","description":"This guide shares actionable insider tips and tricks that professional insurance brokers and advisors use to save money while getting the coverage their clients need.","robots":{"index":"noindex","follow":"nofollow"},"og_locale":"en_US","og_type":"article","og_title":"5 Ways To Save On Life Insurance Without Compromising Your Coverage | RBC Insurance","og_description":"This guide shares actionable insider tips and tricks that professional insurance brokers and advisors use to save money while getting the coverage their clients need.","og_url":"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/","og_site_name":"RBC Insurance","article_modified_time":"2026-03-27T17:35:48+00:00","og_image":[{"width":923,"height":377,"url":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/07\/online-eguide_5-ways-to-save.png?quality=80","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"11 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/","url":"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/","name":"5 Ways To Save On Life Insurance Without Compromising Your Coverage | RBC Insurance","isPartOf":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/#primaryimage"},"image":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/07\/online-eguide_5-ways-to-save.png?quality=80&amp;w=923","datePublished":"2025-08-22T18:26:45+00:00","dateModified":"2026-03-27T17:35:48+00:00","description":"This guide shares actionable insider tips and tricks that professional insurance brokers and advisors use to save money while getting the coverage their clients need.","breadcrumb":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/#primaryimage","url":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/07\/online-eguide_5-ways-to-save.png?quality=80","contentUrl":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2025\/07\/online-eguide_5-ways-to-save.png?quality=80","width":923,"height":377},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/5-ways-to-save-on-life-insurance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbcinsurance.com\/en-ca\/"},{"@type":"ListItem","position":2,"name":"Content Library","item":"https:\/\/www.rbcinsurance.com\/en-ca\/content-library\/"},{"@type":"ListItem","position":3,"name":"5 Ways To Save On Life Insurance Without Compromising Your Coverage"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcinsurance.com\/en-ca\/#website","url":"https:\/\/www.rbcinsurance.com\/en-ca\/","name":"RBC Insurance","description":"Personal Insurance","publisher":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcinsurance.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.rbcinsurance.com\/en-ca\/#organization","name":"RBC Insurance","url":"https:\/\/www.rbcinsurance.com\/en-ca\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbcinsurance.com\/en-ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/rbc-logo-shield.svg?quality=80&w=1024","contentUrl":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/rbc-logo-shield.svg?quality=80&w=1024","width":"1024","height":"1024","caption":"RBC Insurance"},"image":{"@id":"https:\/\/www.rbcinsurance.com\/en-ca\/#\/schema\/logo\/image\/"},"description":"RBC Insurance offers personal insurance such as car, home, life, health, travel and creditor insurance, plus retirement investment solutions to Canadians.","telephone":"1-800-769-2568","legalName":"RBC Insurance Services Inc.","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1001","maxValue":"5000"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/pages\/26338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/users\/196"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/comments?post=26338"}],"version-history":[{"count":99,"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/pages\/26338\/revisions"}],"predecessor-version":[{"id":35444,"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/pages\/26338\/revisions\/35444"}],"up":[{"embeddable":true,"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/pages\/26465"}],"wp:attachment":[{"href":"https:\/\/www.rbcinsurance.com\/en-ca\/wp-json\/wp\/v2\/media?parent=26338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}