Protection so your credit card does not become a burden to you or your family should the unexpected happen.
BalanceProtector Premiere Plus1 protects you in the event of:
Loss of Life
A lump-sum payment of up to $25,000 can be paid towards your account balance.
Coverage for the spouse included (except for residents of Quebec3)
Loss of Self-Employment Income
A monthly benefit payment of up to 10% of your outstanding balance, for up to 10 months (to a maximum of $25,000)
Disability Requiring Hospitalization for Accidental Injury
A single payment of up to 10% of your outstanding statement balance for each 24-hour period of hospitalization (to a maximum of $25,000)
We Celebrate Your Lifetime Milestones!
A single payment of up to 10% of your outstanding statement balance can be made (to a maximum account balance of $25,000) when you reach a Lifetime Milestone, such as the purchase of a new home.
Eligible Lifetime Milestones
- Purchase of a home
- Birth/adoption of a child
- Final mortgage payment
- Graduation from post-secondary education or professional certification/designation
- First job after post-secondary graduation
Note: A maximum of 2 Milestones in a 12-month period will be paid. No benefit is payable for any Lifetime Milestone within the first 30 days from enrollment date.
How the Pricing Works
$25,000 maximum benefit; up to 10% of your account balance for up to 10 months for Total Disability, Involuntary Unemployment, and Loss of Self-Employment Income.
If your insured balance is $500, you pay $5.95 per month + applicable taxes for coverage.
You do not have to pay a premium during months when you have no card activity and no previous balance has been carried forward. Plus, you will receive a refund in the amount of the premium charged to your account as of Statement Date prior to your date of loss while on a claim for Total Disability, Involuntary Unemployment, Loss of Self-Employment Income and Lifetime Milestones Service.
Apply Today...It’s Quick and Easy!
Enrolment is easy for eligible cardholders6 and you can cancel at any time.
Services and Protection For Every Situation
Identity Theft & Credit Protection
Get 24/7 monitoring of your personal information to protect your identity and credit score.
RBC Road Assist
Enjoy peace of mind when you’re on the road with 24 hour/ 365 day roadside assistance.
Discover the travel coverage that comes with your card, plus optional add-on protection.
BalanceProtector Premiere Plus plan is optional group creditor's insurance underwritten by American Bankers Life Assurance Company of Florida (ABLAC) and American Bankers Insurance Company of Florida (ABIC). ABLAC, ABIC, their subsidiaries, and affiliates carry on business in Canada under the name of Assurant.
Life and Accidental Dismemberment coverage is available up until age 80.
Quebec: A Spouse cannot be covered under the Certificate of Insurance if the Primary cardholder Enrols in the Province of Quebec.
Involuntary unemployment due to strike or lockout, dismissal without cause or involuntary layoff.
Insured balance means (a) Average Daily Balance, for Insureds who reside in Quebec or (b) outstanding account balance calculated as of the Statement Date, for all other Insureds.
To be eligible to enrol the credit card must be eligible for coverage, you are the primary cardholder and you are at least 18 years of age and less than 65 years of age on the date of application.