Exciting news for RBC YourTerm

RBC YourTerm 10% Savings

For applications received in Head office on and between March 1^st and June 6^th 2021, we will offer a 10% savings to clients who purchase RBC YourTerm* coverage on:

·    RBC YourTerm new business applications

·    Term 10 Exchanges to the RBC YourTerm product

·    RBC YourTerm change forms resulting from the Term Switch Privilege 

* This promotion does not include RBC YourTerm Riders under RBC Growth Insurance™ or T100, for new business and conversion. Savings cannot be combined.

How does it work?

RBC Illustrations will not be updated to reflect this savings, but to quote a premium, you can use the Colleagues as Clients (CAC) 10% discount.  The savings will be applied before the policy fee and we’ll ensure that the correct commission rate is applied to applications or change forms received at RBC Insurance^® Head Office on and between March 1, 2021 and June 6, 2021.

Transition rules

The attached transition rules have been developed to ensure a clear understanding of each possible scenario and how we’ll take action at our end.  Please review this document closely.