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The flexibility they need. The speed and ease you want.
RBC YourTerm® Life Insurance
How RBC YourTerm® Life insurance has become more flexible, fast and efficient.
The product
Flexible selection of term lengths anywhere from 10 to 40 years, with yearly renewable term (YRT).
Convertible to RBC Growth Insurance™, RBC Growth Insurance Plus™, RBC Universal Life™ and Term 100.
No fluid limit up to and including $2MM for ages 18-50.
The express underwriting team
Express underwriting available for term clients who submit a completed Part 2 via the eApp and require no further underwriting. RBC YourTerm® applications are now eligible up to and including $3MM, with no fluids and age 50 or under.
Immediate approval at point-of-sale for express eligible term clients on RBC YourTerm® applications up to and including $2MM, with no fluids and age 50 or under.
The technology
With RBC YourTerm® eApplication and Digital Signature technology you can streamline the application process, making your clients’ experiences simpler and more convenient.
Advisors and their clients can electronically complete and submit the Part 2 – Health and Lifestyle Questionnaire
RBC Term Life insurance conversion options
Every client is unique, and so are their insurance needs. That’s why we’ve made it our goal to help you offer flexible term life solutions that best suit them.
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Term Switch Privilege: Switch an eligible1 in force Term 10 or Term 20 policy to an RBC YourTerm® policy1 for 10% savings.
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Convert to an RBC Participating Whole Life, Universal Life or Term 100 policy with no underwriting.
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Exchange an RBC YourTerm® 10 within the first five years to an RBC YourTerm® 15, 20 or 30 with no underwriting. Check out the new Standalone Term Exchange Privilege form
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Term Partial Conversion and Carryover: Partially convert from an existing in force RBC term policy issued on or after February 2005 to an RBC Growth Insurance, RBC Growth Insurance Plus or Term 100 policy and carryover the remaining term coverage as a rider without evidence of insurability while restarting the term duration.
Additional resources for RBC YourTerm®
Materials (Advisor Use)
Top rates for your large case clients and
competitive compensation for you
For more information, please contact your MGA or RBC Insurance sales consultant
Certain restrictions apply. Life insurance products underwritten by RBC Life Insurance Company. ® / ™ Trademark(s) of Royal Bank of Canada. Used under licence.