Protection so your Credit Card does not become a burden to you or your family should the unexpected happen.
BalanceProtector Premiere Plus is balance protection insurance that protects you in the event of:
Loss of Life
Receive up to a $25,000 lump-sum payment on your outstanding balance
Coverage for the spouse included (except in Quebec2) at no extra cost
Loss of Self-Employment Income
Receive a monthly benefit 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
Receive a single payment of up to 10% of your account balance for each 24-hour period of hospitalization (to a maximum of $25,000)
We Celebrate Your Lifetime Milestones!
Each time you reach a Lifetime Milestone, you will receive a single payment of up to 10% of your outstanding credit card balance (to a maximum account balance of $25,000)!
- Purchase of a home
- Birth/adoption of a child
- Final mortgage payment
- Graduation from post-secondary education or a professional certification/designation
- First job 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.
$1.19 per $100 of your insured balance4. At age 70, the monthly premium rate is $0.59 per $100 of your insured balance.
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.
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 creditor's group 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 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 enrolls 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.