RBC Insurance has launched its new RBC Universal Life, new Term 100 and enhanced Term 10 and Term 20 insurance products, the company said Monday.

RBC Universal Life insurance offers competitive and preferred rates from age 40 for coverage from $250,000.

Additional features include: interest options that are linked to 15 individual RBC Funds and four RBC Managed Portfolios; a fully guaranteed interest bonus, with no pre-conditions, starting in year one; a no-bonus option with competitive management fees; and an embedded disability benefit.

The enhanced Term 10 and Term 20 and new Term 100 offer clients flexible options that best suites their needs for the length of time they need it.

New term product features and enhancements include competitive and preferred rates, cost-effective term riders on Term 10 and Term 20 insurance policies, and an option to bundle Term 10 and Term 20 with the RBC Insurance Critical Illness Recovery Plan policy for further savings.

“With the introduction of our new and enhanced products, advisors can better meet the needs of their clients and help them make decisions about their life insurance options that are right for them,” says Cathy Honor, senior vice president, Canadian insurance business, RBC Insurance.

“Advisors who offer the new life insurance portfolio also benefit,” addsCathy Preston, vice-president, life and health, RBC Insurance. “Not only will they feel confident knowing they are providing their clients with a complete range of life insurance solutions, they can take advantage of our newly enhanced compensation rates.”

IE