RBC Insurance Makes Offering Long Term Care Insurance Easier

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Company Launches Leading Edge Underwriting Guide

MISSISSAUGA February 26, 2004 – RBC Insurance is pleased to announce the launch of its new leading-edge long term care insurance (LTC) underwriting guide, designed for use by RBC Insurance representatives.

The guide offers comprehensive, detailed explanations of the LTC underwriting process, underwriting requirements, common medications and medical definitions and also includes helpful tips and unique factors that are considered in long term care insurance underwriting.

“RBC Insurance is committed to providing its life insurance representatives with the tools and resources they need to grow their insurance business,” said Neil Skelding, executive vice president, Life & Health Businesses, RBC Insurance. “These guidelines represent one of the most comprehensive underwriting reference tools currently available in the Canadian market and we believe that this resource will go a long way towards helping representatives to better assess whether or not their clients are eligible for long term care insurance.”

Other key benefits of the guide include the ability to:

  • Identify diagnoses and conditions encountered on an application;
  • Understand how a diagnosis or condition may qualify the applicant for coverage when followed by minimum stability periods; and
  • Identify health conditions that can be insured on a modified basis for long term care insurance.

About RBC Insurance

RBC Insurance, through its operating entities, including RBC Life Insurance Company, provides a wide range of creditor, life, health, travel, home, auto and reinsurance products to more than five million North American customers. As one of the top 10 life insurance producers in Canada, RBC Insurance offers individual and group life and health insurance solutions, including term insurance, universal life policies, group benefits, critical illness insurance and long term care insurance. These products are distributed through more than 7,000 independent brokers affiliated with producer groups, financial planning firms and stock brokerage firms, as well as through direct sales and a network of career sales representatives. For more information, please visit www.rbcinsurance.com