Term Life Insurance

Thursday, December 08, 2016
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Company/Policy Information

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RBC Insurance

RBC Insurance

2000 Wade Hampton Blvd
Greenville, SC 29615

RBC Insurance is the brand name for Liberty Life Insurance Company, a part of the global insurance operations of Royal Bank of Canada (RBC). We have been providing families with solid, affordable insurance protection since 1905. RBC is Canada's largest financial institution as measured by market capitalization and assets and is one of North America's leading diversified financial services companies. More than 70,000 RBC employees serve more than 15 million personal, business and public sector customers through offices in North America and 34 countries around the world. Liberty Life Insurance Company is solely responsible for its financial obligations.

RBC Insurance is rated:

A Excellent by A.M. Best Company, 3nd highest of 16 ratings for financial strength
A+ Strong by Fitch, 3rd highest of 22 ratings for claims paying ability
These ratings are opinions of the rating agencies and are not warranties of the company’s ability to perform its financial obligations.

Policy Description RBC LevelTERM

RBC LevelTERM is term life coverage to age 95 available in coverage amounts from $100,000 to $1,000,000 or more. Premiums are fully guaranteed and remain level for the initial term period of 10, 15, 20, 30 years, with increases thereafter based on an attained-age premium scale. (Policy Form Number: LT(06-04) et al)

Conversion Feature

The policy may be converted in whole or in part without further evidence of insurability prior to the earlier of the end of the level premium and attained age 70.

Available Options

Spousal Discount
$15 discount on companion policy (not available in FL or NJ)

Children's Insurance Option (Additional Cost)
May be added at or after base policy issue. Face amount from $5000 - $25,000. Issue ages: 15-55 (primary insured); 0-18 (children).

Accelerated Death Benefit
Availability Varies By State

Waiver of Premium Option (Additional Cost)
Issue ages 15-55 (or maximum issue age of the base policy, if less).

Accidental Death Benefit Option (Additional Cost)
Level premium, level accidental death coverage equal to or less than the base policy to a $300,000 maximum.