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RBC Simplified® Term Life Insurance YourTerm Life Insurance Term 100 Life Insurance RBC® Guaranteed Acceptance Life Insurance RBC Universal Life Insurance
Eligibility
Age Eligibility
  • Term 10 to 15: Ages 18-70
  • Term 16 to 40: Max issue age is age 85 minus the term
  • Example: Age 85 - Term 2 = Age 60 Max Issue Age
  • Term 10 to 15: Ages 18-70
  • Term 16 to 40: Max issue age is age 85 minus the term
  • Example: Age 85 - Term 2 = Age 60 Max Issue Age
Ages 18-85 Ages 50-75 Ages 0-854
Medical Exam May not be required Typically required Typically required No medical exam Typically required
Coverage and Benefits1
Ideal If You Want an easy and affordable way to protect your family’s financial future and need under $500,000 in coverage. Want an easy and convenient way to protect your family’s financial future and are looking for $500,000 or more in coverage. Want lifetime coverage to protect your family’s financial future or to help your heirs pay the capital gains tax on assets you leave to them. Want to leave a little something extra to your loved ones or help pay for final expenses Want the security of lifetime coverage and the opportunity to save money in a tax-advantaged policy
Coverage Timeframe Choose a term from 10 to 40 years, with the option to renew for another term Choose a term from 10 to 40 years, with the option to renew for another term For life For life For life
Tax-Free Death Benefit Yes2 Yes2 Yes2 Yes2 Yes2
Optional Benefits Please contact us for more information.
  • Children's Term rider
  • Accidental Death rider
  • Joint-First-to-Die option
  • Other optional benefits
  • Children's Term rider
  • Accidental Death rider
  • Joint-First-to-Die option
  • Term 10 and 20 riders
  • Other optional benefits
None
  • Children's Term rider
  • Accidental Death rider
  • Other optional benefits
Other Features Convertible to permanent or universal life insurance without medical evidence. (Subject to certain terms and conditions.) Convertible to permanent or universal life insurance without medical evidence. (Subject to certain terms and conditions.)

Term 10 exchangeable for a Term 15, 20 or 30 policy without medical evidence. (Subject to certain terms and conditions.)
No Compassionate advance due to terminal illness (subject to certain terms and conditions).

In the case of accidental death, you could receive additional coverage of five times the life insurance benefit amount.
Portion of premium payment is deposited into investment accounts of your choice, where money grows tax-advantaged.
Premiums
Premiums Guaranteed Yes, for the entire term. Premiums change at renewal but are guaranteed for your entire renewal term. Yes, for the entire term. Premiums change at renewal but are guaranteed for your entire renewal term. Yes, for life Yes Various terms and payment options4
Premium Increases Increases after initial term is complete Increases after initial term is complete Remain unchanged for the life of your policy Premiums remain unchanged for the life of your policy Various terms and payment options4
Timeframe to Pay Premiums As long as coverage is inforce, up until age 100 As long as coverage is inforce, up until age 100 To age 100, however, coverage is for life To age 95, however, coverage will remain in effect for life Various terms and payment options4
Cancellation
Cancelable Anytime Yes Yes Yes Yes Yes (policy may be subject to taxation and surrender charges)
Money-Back Cancellation Period 30 days. After that, you can cancel and you only pay the premium for the time you were covered. 10 days. After that, you can cancel and you only pay the premium for the time you were covered. 10 days. After that, you can cancel and you only pay the premium for the time you were covered. 30 days. After that, you can cancel and you only pay the premium for the time you were covered. No

1)
Conditions may apply. Please contact us for more details.
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.
3)
The level of coverage that you qualify for depends upon your personal situation (for example, your income and age).
4)
There are different options available to you. Please contact us for more information.