See below for ratings, quotes, and an in-depth review of RBC's life insurance products.
RBC prices are 6% lower than prices of competitors. However, they tend to be more competitive for non-smokers versus smokers.
Looking to compare life insurance providers? Read more reviews for the biggest life insurance companies in Canada.
1.8 / 5
Based on InsurEye reviews
More on Better Business Bureau Ratings
Looking for the best value? See how the price of RBC’s term life insurance stacks up against the prices of products offered by other Canadian term life insurance providers.
Scores are based on PolicyMe’s Term Insurance Price Index, an in-depth analysis of prices for 108 combinations of gender, age, term length, coverage amount, health status, and smoking status.
Even if you and your next-door neighbour buy life insurance from the same insurance company, you may not pay the same price. That’s because life insurance companies base your price largely on your age, policy coverage amount, policy duration, smoking status, and current health status. Some companies are more lenient about specific customer characteristics and provide better pricing than other companies for people with these characteristics.
Here’s a breakdown of how RBC’s life insurance prices compare to prices offered by other companies for various customer characteristics.
Excellent – The company’s prices are more affordable than the rest of the market for customers with these characteristics
Good – The company’s prices are in line with the rest of the market for customers with these characteristics
Poor – The company’s prices are more expensive than the rest of the market for customers with these characteristics
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