Offer your clients permanent protection and extend their term insurance at an affordable rate, without evidence of insurability.
With our Term Partial Conversion and Carryover option your client can partially convert their eligible inforce term policy to RBC Growth Insurance and carry over the remaining balance as a new RBC YourTerm rider. No new underwriting is required and you can add deposit options without limit restrictions.
The RBC YourTerm rider does not need to match the length of the original policy. A new term can be selected for 10, 15, 20 or 25 years1.
Compensation on the Carryover rider is 25%, regardless of the term length chosen.
Backed by RBC Insurance’s experienced portfolio management team
Give your clients the opportunity to earn dividends with RBC Growth Insurance, with a sustainable dividend interest rate.2
RBC Insurance investment professionals have more than 100 years of collective asset management experience, and follow the same investment philosophy behind the success of RBC Capital Markets® and RBC Global Asset Management®.
RBC Growth Insurance – growth you and your clients can count on
To learn more about converting RBC Term Life policies to RBC Growth Insurance, visit our Sales Resource Centre or contact your RBC Insurance Sales Consultant.
1 Minimum of $25,000 for RBC Growth Insurance and minimum of $100,000 for RBC YourTerm Life Insurance. Available term lengths based on insured’s current age.
2 Dividends are not guaranteed.
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Underwritten by RBC Life Insurance Company.
® / ™ Trademark(s) of Royal Bank of Canada. Used under licence.
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