Life Insurance Underwriting Changes: Hughes Trustco Group

Montreal, Canada – April 4, 2006 – Today Ivon T. Hughes of The Hughes Trustco Group advised its brokers that RBC Insurance has revealed changes to its underwriting requirements for smaller life insurance policies.

Effective today, underwriting requirements for Term 10 and Term 20 life insurance policies for clients up to age 45 with face amounts less than $249,999 have been simplified. Now RBC has produced a “no fluids” policy for these cases, which means, for a term life insurance consumer, no urine, no saliva and no blood tests. “This will make it easier and quicker for the life insurance buyer to protect his or her family or business”, said Mr. Hughes.

“This is a welcome advance in making life insurance available to the public without the time and medical delays usually associated with the purchase of term life insurance”, continued Mr. Hughes. The only other insurance company to offer term life insurance with similar ease of purchase is Transamerica Life. And buying term life insurance from that company is similar. If you can answer some basic questions online, you will be telephoned to complete the application information. After verification and a signature, the term life policy will be issued”.

Buying life insurance has always been surrounded by mystery, but both these companies have made it faster and easier for the consumer. Where possible, the policies have been streamlined to get the policy issued as quickly as possible.

About RBC Life Insurance Company

As one of the top 10 life insurance producers in Canada, RBC Life Insurance Company offers individual and group life and health insurance solutions, including disability income insurance, critical illness insurance, long term care insurance, term life insurance, universal life insurance and group benefits.

About the Hughes Trustco Group

The Hughes Trustco Group went online in June 1998 to supply information about life insurance to consumers from all the life insurance companies. The website is visited every day by persons seeking information on term life insurance, disability insurance, critical illness and all forms of life & health insurance. Life insurance quotes are provided from all the companies allowing the client to make an independent assessment.