LoanProtector life and disability insurance provides you with a secure financial safety net for your loan precisely when you and your family need it most.
Life and disability insurance:
pays off your outstanding insured RBC Royal Bank loan(s) and lines of credit in the event of death (up to $500,000)
maintains your regular loan payment(s) and covers a percentage of your line of credit in the event of a disability (up to $3,000 per month for a maximum of 60 months)
preserves your personal insurance
safeguards your savings for what they were intended
Both life and disability benefits are non-taxable and benefits do not have to be coordinated with other insurance plans.
Disclaimer:
The content of these pages is provided for informational purposes only and is not complete in detail. Coverage is governed by the terms and conditions of two group creditor policies, #G28444 for life insurance and #H28445 for disability insurance issued to Royal Bank of Canada by The Canada Life Assurance Company.
