RBC Insurance Launches Simplified Critical Illness Insurance Option

Features an easier application process and enhanced affordability

Mississauga, ON – November 22, 2007 – RBC Insurance today announced the release of its enhanced critical illness insurance product.

The new product features a simplified design that is easier to understand and provides a solution to clients who are looking for an affordable alternative to more traditional critical illness insurance plans.

“With an easier application and simplified underwriting process, this new product is designed to cut through the clutter of covered conditions and return of premium options,” said John Young, president and CEO, RBC Life Insurance Company. “The end result is a product that offers clients solid coverage to suit their fundamental needs.”

The plan includes:

  • Coverage for the top three conditions: cancer, heart attack and stroke
  • Benefit amounts of $10,000, $25,000, $50,000 or $75,000
  • An Early Assistance Benefit that provides up-front access to money when certain covered conditions are diagnosed early, with no reduction in benefits for future claims
  • Clients also receive access to Assistance Services; with Best Doctors and Daily Living Assistance

To find out more about offering RBC Life Insurance Company products, please contact RBC Insurance at 1-866-235-4332.

About RBC Insurance

RBC Insurance, through its operating entities, including RBC Life Insurance Company, provides a wide range of life, health, travel, home, auto and reinsurance products as well as creditor insurance services to more than five million North American clients. As a leading provider of individual living benefits and life insurance products in Canada, RBC Life Insurance Company offers a comprehensive portfolio of individual and group life and health insurance solutions, including term and universal life insurance, group benefits, disability, critical illness, and long term care insurance as well as segregated funds. These products are distributed through more than 17,000 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.

Tags: , ,