RBC Insurance

Products & Services

• RBC YourTerm Life Insurance

  RBC YourTerm® Life Insurance is a customizable term life insurance policy designed to provide substantial financial protection for individuals, families, and business owners. The policy offers flexible coverage amounts and term lengths, allowing clients to select protection that aligns with their financial obligations, such as mortgages, income replacement, debt protection, or family support. Policyholders also have the option to convert eligible coverage to certain permanent life insurance products without providing new medical evidence, subject to policy terms. One of its most valuable features is the ability to choose a coverage term anywhere from 10 to 40 years, offering a highly personalized solution that can adapt to changing financial needs. Coverage amounts, premiums, conversion privileges, riders, and eligibility are subject to underwriting approval and the terms and conditions of the policy.

• RBC Growth Insurance

  RBC Growth Insurance® is a participating whole life insurance policy that provides guaranteed lifetime protection while helping policyowners build long-term wealth through guaranteed cash value and the potential to receive annual participating dividends. Designed for individuals, families, and business owners, the policy can support estate planning, wealth transfer, business succession, and long-term financial security. Eligible policyowners may choose from several dividend options to align with their financial objectives, and the policy accumulates guaranteed cash value that may be accessed during the insured's lifetime, subject to policy provisions. One of its most valuable features is the combination of guaranteed lifelong coverage, guaranteed cash value beginning in policy year five, and the opportunity to receive participating dividends that can increase the policy's overall value over time. Dividends are not guaranteed and depend on the performance of RBC Insurance's participating account. Coverage, premiums, cash values, riders, and policy benefits are subject to underwriting approval and the terms and conditions of the policy.

• RBC Growth Insurance Plus

  RBC Growth Insurance Plus® is a participating whole life insurance policy designed for individuals seeking lifelong insurance protection together with accelerated cash value accumulation and long-term wealth preservation. In addition to providing a guaranteed death benefit, the policy offers guaranteed cash value beginning in the first policy year and the opportunity to earn annual participating dividends, which may further enhance the policy's value over time. It is well suited for estate planning, business succession, intergenerational wealth transfer, and tax-efficient legacy planning. One of its most valuable features is the combination of guaranteed lifetime insurance protection with guaranteed cash value starting in the first policy year, allowing policyowners to build accessible policy value sooner while maintaining long-term insurance coverage. Dividends are not guaranteed and depend on the performance of RBC Insurance's participating account. Coverage, premiums, cash values, dividend options, riders, and policy benefits are subject to underwriting approval and the terms and conditions of the policy.

• RBC Universal Life Insurance

  RBC Universal Life Insurance is a permanent life insurance policy that combines lifelong insurance protection with the opportunity to build tax-advantaged investment value within the same policy. A portion of each premium pays for the insurance coverage, while the remaining amount can be allocated among a variety of interest options selected by the policyowner. The policy offers flexible premium payments, customizable death benefit options, and access to accumulated policy values, making it suitable for long-term financial planning, estate preservation, and wealth transfer. One of its most valuable features is the ability to combine permanent life insurance with flexible, tax-advantaged investment opportunities, allowing policyowners to customize both their coverage and investment strategy within a single policy. Investment performance, policy values, premiums, riders, and benefits are subject to the policy terms, applicable tax legislation, and underwriting approval.

• Critical Illness Recovery Plan

  Critical Illness Recovery Plan is an individual critical illness insurance policy designed to provide financial support if the insured is diagnosed with a covered critical illness that meets the policy definitions. Upon approval of a qualifying claim, the policy pays a tax-free lump-sum benefit that can be used for any purpose, including medical expenses not covered by provincial health plans, replacing lost income, paying debts, funding home modifications, or supporting family members during recovery. The benefit is paid directly to the policyowner, who decides how the funds are used. One of its most valuable features is the flexibility of its tax-free lump-sum payment, allowing clients to focus on recovery without being restricted in how they use the benefit. Coverage options, eligible illnesses, return of premium features, benefit amounts, underwriting requirements, and policy provisions are subject to the terms and conditions of the policy.

• The Fundamental Series® Disability Insurance

  The Fundamental Series® Disability Insurance is an individual disability income insurance solution designed to help protect a person's income if an illness or injury prevents them from working. The policy provides monthly tax-free benefits (when premiums are paid with after-tax dollars) to help cover everyday living expenses and maintain financial stability during a qualifying disability. Designed for a broad range of occupations—including employees, professionals, business owners, tradespeople, and self-employed individuals—it offers flexible benefit periods and optional riders to customize coverage. One of its most valuable features is its ability to replace a portion of earned income with monthly disability benefits, helping clients maintain their financial lifestyle while recovering from a covered disability. Benefits, waiting periods, definitions of disability, optional riders, and eligibility are subject to underwriting approval and the terms and conditions of the policy.

• Critical Illness Insurance Plan

  Critical Illness Insurance Plan is an individual critical illness insurance policy designed to provide financial protection if the insured is diagnosed with a covered critical illness that satisfies the policy definitions and survival requirements. Once an eligible claim is approved, the policy pays a tax-free lump-sum benefit directly to the policyowner. The benefit can be used without restrictions for medical expenses not covered by government healthcare, replacing lost income, paying household bills, reducing debt, funding home modifications, or supporting family members during recovery. One of its most valuable features is the freedom to use the tax-free benefit in any way that best supports the policyowner's financial and personal recovery, without limitations on how the funds must be spent. Coverage options, covered illnesses, optional benefits, return of premium features, underwriting requirements, and policy provisions are subject to the terms and conditions of the policy.

• The Professional Series® Disability Insurance

  The Professional Series® Disability Insurance is an individual disability income insurance policy designed for professionals, executives, business owners, and other high-income earners who require comprehensive long-term income protection. The policy provides monthly disability benefits when a covered illness or injury prevents the insured from working and includes built-in total, partial, and residual disability benefits, along with extensive return-to-work support. It also offers level or step-rate premium options and is non-cancellable to age 65. One of its most valuable features is the inclusion of built-in residual and long-term partial disability benefits, allowing eligible policyowners to receive benefits even when they are able to work only part-time or experience a qualifying loss of income rather than a complete inability to work. Benefits, waiting periods, optional riders, underwriting requirements, and policy provisions are subject to the terms and conditions of the policy.

• The Bridge Series® Disability Insurance

  The Bridge Series® Disability Insurance is an individual disability income insurance policy designed to provide affordable income protection for small business owners, managers, tradespeople, farmers, and middle-income earners. The policy pays a monthly benefit if a covered illness or injury prevents the insured from working and includes return-to-work assistance to support recovery and re-entry into the workforce. It offers flexible benefit periods, elimination periods, and optional riders, allowing coverage to be tailored to individual needs and budget. One of its most valuable features is that it delivers many of the disability income protection and return-to-work benefits available under The Foundation Series® while offering a more cost-effective solution. Benefits, waiting periods, optional riders, definitions of disability, premiums, and eligibility are subject to underwriting approval and the terms and conditions of the policy.

• Quantum® Disability Insurance

  Quantum® Disability Insurance is an individual disability income insurance policy designed for professionals, executives, business owners, and fee-for-service professionals who want comprehensive income protection while maintaining an incentive to return to work. Rather than focusing solely on the inability to perform occupational duties, Quantum® provides monthly benefits when a covered illness or injury results in a qualifying disability and a 20% or greater loss of earnings. The policy also includes rehabilitation and return-to-work support to help policyholders resume productive employment whenever possible. One of its most valuable features is its earnings-based disability definition, allowing eligible policyowners to receive benefits when a qualifying disability causes a significant reduction in income, even if they continue working in a limited capacity. Benefits, elimination periods, optional riders, premiums, and eligibility are subject to underwriting approval and the policy's terms and conditions.

• Retirement Protector

  Retirement Protector is an individual disability insurance policy (or optional rider) designed to help clients continue saving for retirement if a covered illness or injury results in a total disability. Instead of replacing day-to-day living expenses, this policy provides a monthly benefit intended to fund contributions to a Registered Retirement Savings Plan (RRSP) during a period of total disability. It may be purchased as a standalone policy or added as a rider to eligible RBC disability insurance policies, including The Professional Series® and The Foundation Series®. One of its most valuable features is its ability to preserve long-term retirement savings by continuing retirement plan contributions during a qualifying period of total disability, helping reduce the long-term financial impact of an interruption in employment income. Benefit amounts, elimination periods, eligibility, and policy provisions are subject to underwriting approval and the terms and conditions of the policy.

• Business Loan Protector

  Business Loan Protector is an individual business disability insurance policy designed to help protect business owners from the financial impact of a disability by providing funds to cover eligible business loan payments. If the insured business owner becomes totally disabled due to a covered illness or injury, the policy helps pay outstanding business loan principal and interest, allowing the business to maintain cash flow and meet its debt obligations during the disability period. The product is intended for business owners who rely on borrowed capital to finance business assets such as equipment, commercial property, or other business operations. One of its most valuable features is its ability to help preserve the financial stability of a business by protecting eligible business loan obligations during a qualifying disability, reducing the need to use personal assets or business cash flow to service debt. Benefits, maximum coverage amounts, elimination periods, underwriting requirements, and policy provisions are subject to the terms and conditions of the policy.

• Business Overhead Expense

  Business Overhead Expense Insurance is an individual disability insurance solution designed to help self-employed professionals and business owners keep their businesses operating during a qualifying disability. If a covered illness or injury prevents the insured from working, the policy reimburses eligible fixed business expenses, helping maintain business continuity while the owner recovers. Covered expenses may include office rent, utilities, employee salaries (subject to policy provisions), equipment leases, insurance premiums, accounting fees, and other qualifying operating costs. One of its most valuable features is its ability to cover essential business overhead expenses during a qualifying disability, helping business owners preserve cash flow and avoid disrupting daily operations while they focus on recovery. Covered expenses, benefit periods, elimination periods, maximum monthly benefits, underwriting requirements, and policy provisions are subject to the terms and conditions of the policy.

• Disability Buy Sell

  Disability Buy-Sell Insurance is an individual business disability insurance solution designed to help business owners fund a buy-sell agreement if one of the owners becomes totally disabled due to a covered illness or injury. Instead of forcing the remaining owners or the business to rely on personal savings, loans, or liquidating assets, the policy provides a lump-sum benefit that can be used to purchase the disabled owner's business interest in accordance with the terms of a qualifying buy-sell agreement. One of its most valuable features is its ability to provide dedicated funding for a disability buy-sell agreement, helping ensure business continuity while delivering fair compensation to the disabled owner's interest without placing unnecessary financial strain on the business or the remaining owners. Benefit amounts, elimination periods, ownership structures, underwriting requirements, and policy provisions are subject to the terms and conditions of the policy.

• Key Person Protector

  Key Person Protector is an individual business disability insurance solution designed to help businesses manage the financial impact when a key employee, executive, owner, or partner becomes totally disabled due to a covered illness or injury. The policy provides monthly benefits to the business, helping offset the costs associated with the temporary loss of a key person's expertise, productivity, and leadership. These funds may be used to recruit and train a replacement, compensate for reduced revenue, cover additional operating expenses, or support business continuity during the disability period. One of its most valuable features is its ability to provide dedicated financial support to the business while a key individual is unable to work, helping maintain operational stability and reduce the disruption caused by the loss of essential talent. Benefit amounts, elimination periods, benefit periods, underwriting requirements, and policy provisions are subject to the terms and conditions of the policy.

• First Home Savings Account (FHSA)

  The First Home Savings Account (FHSA) is a registered savings plan introduced by the Government of Canada to help eligible Canadians save for the purchase of their first home. It combines some of the most valuable features of both an RRSP and a TFSA. Eligible contributions are generally tax-deductible, while qualifying withdrawals used to purchase a first home are tax-free, including any investment growth earned within the account. Account holders can invest in a wide range of eligible investment options, allowing their savings to grow over time while benefiting from favorable tax treatment. One of its most valuable features is its dual tax advantage—tax-deductible contributions combined with tax-free qualifying withdrawals for the purchase of a first home. Contribution limits, eligibility, transfer rules, and withdrawal requirements are subject to the Income Tax Act and applicable government regulations.

• Tax-Free Savings Account (TFSA)

  The Tax-Free Savings Account (TFSA) is a registered savings and investment account that allows eligible Canadians to grow their savings on a tax-free basis. Contributions are made using after-tax dollars and are not tax-deductible; however, investment earnings—including interest, dividends, and capital gains—generally grow tax-free while held in the account. Qualifying withdrawals are also tax-free, and withdrawn contribution room is generally restored in the following calendar year. A TFSA can hold a wide range of eligible investments, making it a flexible solution for short-, medium-, and long-term financial goals. One of its most valuable features is its tax-free growth and tax-free withdrawals, allowing investors to access their savings without triggering Canadian income tax. Contribution limits, eligibility, investment options, and withdrawal rules are subject to the Income Tax Act and applicable government regulations.

• Registered Retirement Savings Plan (RRSP)

  The Registered Retirement Savings Plan (RRSP) is a registered retirement savings and investment account designed to help Canadians build long-term retirement savings while benefiting from valuable tax advantages. Eligible contributions are generally tax-deductible, which can reduce taxable income in the year they are made, while investment earnings grow on a tax-deferred basis until funds are withdrawn. An RRSP can hold a broad range of qualified investments, allowing individuals to tailor their retirement strategy according to their financial goals and risk tolerance. One of its most valuable features is its combination of tax-deductible contributions and tax-deferred investment growth, helping Canadians accumulate retirement savings more efficiently over time. Contribution limits, deduction limits, withdrawals, transfers, and eligibility are subject to the Income Tax Act and applicable government regulations.

• Locked-In Retirement Account (LIRA)

  The Locked-In Retirement Account (LIRA) is a registered retirement savings account designed to hold pension funds transferred from a registered pension plan (RPP) when an individual leaves an employer. A LIRA allows these pension assets to continue growing on a tax-deferred basis while preserving the funds for retirement, as withdrawals are generally restricted until retirement age under applicable pension legislation. Account holders can choose from a broad range of eligible investment options to align with their retirement objectives and risk tolerance. One of its most valuable features is its ability to preserve employer-sponsored pension savings in a tax-deferred environment while providing investment flexibility until retirement. Transfer rules, withdrawal restrictions, investment options, and eligibility are governed by federal or provincial pension legislation, the Income Tax Act, and the terms of the account.

• Life Income Fund (LIF)

  The Life Income Fund (LIF) is a registered retirement income account designed to provide retirement income from pension assets transferred from a Locked-In Retirement Account (LIRA) or other eligible locked-in pension plans. A LIF allows retirement savings to remain invested on a tax-deferred basis while providing regular retirement income through withdrawals. Unlike a Registered Retirement Income Fund (RRIF), a LIF is subject to both minimum and maximum annual withdrawal limits established by applicable federal or provincial pension legislation to help ensure retirement savings last throughout retirement. One of its most valuable features is its ability to generate flexible retirement income while preserving the protections associated with locked-in pension assets. Withdrawal rules, investment options, transfer provisions, and eligibility are subject to the Income Tax Act, applicable pension legislation, and the terms of the account.

• Registered Retirement Income Fund (RRIF)

  The Registered Retirement Income Fund (RRIF) is a registered retirement income account designed to provide Canadians with a flexible source of income during retirement. It is commonly established by transferring assets from a Registered Retirement Savings Plan (RRSP) or another eligible registered retirement plan. Investments held within a RRIF continue to grow on a tax-deferred basis, while the account holder must withdraw at least the minimum annual amount required under the Income Tax Act. Unlike a LIF, there is generally no maximum annual withdrawal limit, providing greater flexibility in managing retirement income. One of its most valuable features is the ability to continue tax-deferred investment growth while allowing flexible withdrawals to meet changing retirement income needs. Withdrawal requirements, taxation, investment options, transfers, and eligibility are subject to the Income Tax Act and the terms of the account.

• Segregated Fund Contracts

  Segregated Fund Contracts are insurance investment products that combine the growth potential of professionally managed investment funds with valuable insurance features available through a life insurance contract. They allow investors to participate in a diversified portfolio of assets while benefiting from features such as maturity and death benefit guarantees, the ability to name a beneficiary directly, and, in certain situations, protection from creditors. Depending on the contract, investors may also have opportunities to reset guarantees as their investments grow. One of the most valuable features of Segregated Fund Contracts is the built-in maturity and death benefit guarantees, which can help protect a portion of the original investment while still providing exposure to market growth. Guarantees, investment performance, fees, creditor protection, beneficiary designations, and contract provisions vary by product and are subject to the terms and conditions of the applicable insurance contract.

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