The cost of HomeProtector versus a term policy is usually much lower over the life of the mortgage. But HomeProtector is a quick, convenient and cost effective way to ensure your debts are looked after. Q: Couldn't my estate just sell my assets if I die?Ī: They could, but are those assets enough to cover your debts and look after your family's immediate and long-term needs? And what would happen if your family had to suddenly sell your assets in a down market to pay off your debts? HomeProtector life and disability insurance means that your existing financial plan can remain intact.Ī: It's true that term life insurance can provide for your family's future and may be an important part of your financial plan. HomeProtector life and disability insurance will take care of your debt while allowing your existing employee coverage to take care of your family. And, if you leave your job or become self-employed, you lose your coverage.Would you be able to manage with a third less income and increased expenses?.Q: Do I need more coverage if I already have coverage through work?Ī: Typically employers only provide coverage that amounts to 1 to 2 times your salary in the event of your death, and about two-thirds of your income if you become disabled. If you lose your job, you and your family could be left without coverage.Could you cover your outstanding financial obligations with 30% less income? Most group disability plans cover less than 70% of your base gross income.Your mortgage could be a new financial obligation you didn't have when you first took out your existing insurance.So why should you consider more insurance? Why HomeProtector makes sense when it comes to protecting you and your family.Ī: You may already have life and disability insurance through your own personal plan or through your employer. safeguards your savings for what they were intendedīoth life and disability benefits are non-taxable and benefits do not have to be coordinated with other insurance plans.pays your regular mortgage payment(s) in the event of a disability (up to $3,000 per month for a maximum of 24 months).pays off your outstanding insured RBC Royal Bank mortgage(s) in the event of death (up to $750,000).HomeProtector Life and Disability Insurance provides you with a secure financial safety net for your mortgage precisely when you and your family need it most. It allows you to not only safeguard yourself and your family's lifestyle, but also your assets and net worth.ĭo I have to answer any health questions? How can you protect it and your family in the event of death or disability?Īt RBC Royal Bank, we offer the security of HomeProtector ® Life and Disability Insurance. Your home may be the biggest purchase of your life, and you have worked hard to acquire it. Protection for the things that mean the most to you

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