Get a LoanProtector Insurance Quote in Minutes
Protect your family's lifestyle and your financial future with affordable insurance coverage on your RBC Royal Bank® personal loan or line of credit.
Your Insurance Quote
Loan Details
Line of Credit Details
Please review the following items in order to complete your LoanProtector Insurance Quote.
- Loan balance - The entry made in the 'Loan Balance' field was not valid. Please enter a loan balance between $0 and $500,000. LoanProtector coverage is available for amounts up to $500,000.
- Line of Credit balance - The entry made in the 'Average Line of Credit Balance' field was not valid. Please enter a line of credit balance between $0 and $500,000. LoanProtector coverage is available for amounts up to $500,000.
- New or Existing Loan?
Your Insurance Quote
Loan Details
Please review the following items in order to complete your LoanProtector Insurance Quote.
- Payment Due Date - The date entered in the 'Payment Due Date' field is in the past. Please re-enter a date.
Your Insurance Quote
Loan Details
Please review the following items in order to complete your LoanProtector Insurance Quote.
- Interest Rate - Please enter a value for interest rate.
- Time to Pay Off Loan - Please enter the time left to repay the loan in months.
Your Insurance Quote
Province of Residence
Your Insurance Quote
Your LoanProtector Insurance Quote
Loan Details
- Loan Type:
- Balance:
- Payment Frequency:
- Type of Coverage:
- Payment Due Date:
- Interest Rate:
- Time to Pay Off Loan (months):
Borrower Details
- Age Range of Borrower:
- Age Range of Co-Borrower: N/A
- Province:
Borrower
Co-Borrower
Cost of InsuranceDisclaimer1
(per $1000 of outstanding balance):
$0
Loan Payment Amount:
$0
- Note: Based on your loan/line of credit balance, will apply.
- Note: Critical illness insurance is not available for borrowers over age 55.
- Note: Critical illness insurance is not available for co-borrowers over age 55.
What does LoanProtector Insurance Cover?
- Life Insurance: pays off or reduces your outstanding balance in the event of death (up to $500,000)
- Disability Insurance: pays your regular payment(s) in the event of a disability (up to $3,000 per month for a maximum of 24 months)
- Critical Illness Insurance: pays off or reduces your outstanding balance if you are diagnosed with a covered illness (up to $300,000)
What is partial coverage?
LoanProtector Life Insurance Coverage.
LoanProtector insurance life insurance coverage is capped at the maximum benefit amount of $500,000. If your loan/line of credit balance exceeds $500,000, the portion of the balance above $500,000 is not covered.
Example | Amount |
---|---|
Loan Balance if Borrower passes away | $600,000 |
Maximum LoanProtector insurance benefit payable is | $500,000 |
LoanProtector Critical Illness Coverage
LoanProtector insurance critical illness insurance coverage is capped at the maximum benefit amount of $300,000. If your loan/line of credit balance exceeds $300,000, the portion of the balance above $300,000 is not covered.
Example | Amount |
---|---|
Loan Balance if Borrower is diagnosed with a covered critical illness: | $600,000 |
Maximum LoanProtector insurance benefit payable is: | $300,000 |
Borrower | More information | Co-Borrower | Cost of InsuranceDisclaimer1
|
|
---|---|---|---|---|
Life + Critical Illness Insurance | Life + Disability Insurance | |||
Joint Life + Joint Critical Illness Insurance | Joint Life + Joint Critical Illness Insurance | |||
Life + Critical Illness Insurance | Life Insurance | |||
Life + Critical Illness Insurance | No Coverage | |||
Joint Life + Joint Disability Insurance | Joint Life + Joint Disability Insurance | |||
Life + Disability Insurance | Life + Critical Illness Insurance | |||
Life + Disability Insurance | Life Insurance | |||
Life + Single Disability Insurance | No Coverage | |||
Life Insurance | Life + Disability Insurance | |||
Life Insurance | Life + Critical Illness Insurance | |||
Joint Life Insurance | Joint Life Insurance | |||
Life Insurance | No Coverage | |||
No Coverage | Life + Disability Insurance | |||
No Coverage | Life + Critical Illness Insurance | |||
No Coverage | Life Insurance |
Other Ways to Apply for LoanProtector Insurance
If you have a personal loan or line of credit with us, your application for coverage may be automatically approved and it only takes a few minutes to apply.
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Provincial sales tax included where applicable. The amounts listed are estimates only—when you apply for coverage, the actual cost may be different. Coverage is subject to eligibility and underwriting requirements.
The content of these pages is provided for informational purposes only and is not complete in detail. Coverage is optional and is governed by the terms and conditions of group’s creditor policies, #G28444 for life insurance, #H28544 for critical illness insurance and #H28445 for disability insurance issued to Royal Bank of Canada by The Canada Life Assurance Company. Please see the LoanProtector Certificate of Insurance(Opens PDF in a new window) and, for Quebec residents, the Fact Sheet and Product Summary(Opens PDF in a new window).
Underwritten by The Canada Life Assurance Company.
Provincial sales tax included where applicable. The amounts listed are estimates only—when you apply for coverage, the actual cost may be different. Coverage is subject to eligibility and underwriting requirements.
The content of these pages is provided for informational purposes only and is not complete in detail. Coverage is optional and is governed by the terms and conditions of group’s creditor policies, #G28444 for life insurance, #H28544 for critical illness insurance and #H28445 for disability insurance issued to Royal Bank of Canada by The Canada Life Assurance Company. Please see the LoanProtector Certificate of Insurance(Opens PDF in a new window) and, for Quebec residents, the Fact Sheet and Product Summary(Opens PDF in a new window).
Underwritten by The Canada Life Assurance Company.