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Below are answers to some of the most common questions asked about Business Loan Insurance Plan(1).

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Expand Why should I insure my business loan?

Expand I have enough personal assets to cover business debt. Why do I need Business Loan Insurance Plan?

Expand I already have a lot of insurance; isn't that enough?

Expand What does the life insurance benefit provide?

Expand What does the disability insurance benefit provide?

Expand What is considered a disability?

Expand What does the complimentary accidental dismemberment benefit provide?

Expand What businesses are eligible for this insurance?

Expand What loans are eligible for this insurance?

Expand Which individuals in my company may apply for life insurance coverage?

Expand Which individuals in my company may apply for disability insurance coverage?

Expand Can I apply for life insurance coverage in excess of my outstanding authorized credit amount?

Expand How will coverage be allocated?

Expand Will I pay a lower premium as my loan balance decreases?

Expand How is the life insurance premium calculated?

Expand Are there any health questions?

Expand How can I get more information or apply?

 

Apply for Business Financing

Our dedicated specialists are available to help find a flexible borrowing solution for your business.

 

1) As with any insurance coverage, exclusions and limitations do exist. Please refer to the Terms and Conditions, or talk to your RBC Account Manager for more information.

 

Contact Us

Contact your RBC Royal Bank Account Manager or call 1-800-769-2520