Insurance · Life insurance review
RBC Insurance review
Bank-owned coverage you can buy online, with the highest guaranteed-acceptance cap we found ($40,000).
Best for: RBC clients and anyone wanting guaranteed-acceptance above the usual $25K ceiling.
Pros
- Simplified Term and Guaranteed Acceptance can be bought online
- Guaranteed Acceptance to $40,000 — higher than the typical $25K cap
- Participating Growth whole life (to $25M) for estate planning
- Term converts to permanent with no new medical before age 71
Cons
- RBC Life’s financial-strength rating couldn’t be confirmed on a primary source
- YourTerm may shift to a phone application depending on eligibility
- Guaranteed Acceptance pays only a premium refund for non-accidental death in the first two years
Online term and guaranteed acceptance
RBC lets you buy Simplified Term (no exam up to $1M) and Guaranteed Acceptance Life online. The standout is the guaranteed-acceptance cap of $40,000 — higher than the $25,000 most competitors offer for no-questions coverage — useful for a larger final-expense need.
Permanent and conversion
Participating Growth whole life (to $25M, issue to age 80) covers estate needs, and term policies convert to permanent with no new medical before age 71. As always, weigh permanent vs term against your actual need with the needs calculator.
Frequently asked questions
What does RBC Insurance offer, and can I buy it online?
RBC Insurance offers term, whole life, universal life, no-medical, guaranteed issue. How to buy: Online (Simplified Term / Guaranteed Acceptance) + advisor. Compare it against the field on our best life insurance page, and size your coverage with the life insurance needs calculator.
Does RBC Insurance offer no-medical or guaranteed-issue life insurance?
Simplified Term (no exam ≤$1M, health questionnaire); Guaranteed Acceptance Life (40–75, $5K–$40K, no questions, online)
Is RBC Insurance financially strong and Assuris-protected?
Financial strength: AM Best A (Excellent) — see note. RBC Insurance's underwriter (RBC Life Insurance Company) is a member of Assuris, which protects your policy if the insurer fails — see what's covered in our life insurance guide.
The bottom line
A convenient, online-friendly option — especially for the higher guaranteed-acceptance limit. We couldn’t confirm RBC Life’s strength rating on a primary source, so verify that if it matters to you.
- RBC Life Insurance Company’s financial-strength rating could not be confirmed on a fetchable primary source (AM Best ≈ A per snippet; the DBRS AA appears to attach to parent Royal Bank, not the insurer) — verify before publishing.
- Whether YourTerm completes fully online or moves to phone application varies by eligibility.
Compare RBC Insurance against the field
See all the major providers side by side, with sources.
This review is for educational purposes only and is not insurance advice. The facts shown were taken from RBC Insurance's own materials and the rating agencies and verified on June 13, 2026; they vary by product and change without notice. Our editorial rating is never paid for. Premiums are individually quoted. Read the actual policy wording and speak with a licensed advisor before buying. See our methodology.