Today's Parent Approved

RBC Simplified® Term Life Insurance

Photo provided by Susan Carraretto

As a mother, I worry about a lot of things—too many things—but my top fear is that something will happen to me and my kids will be left without their mom. I can’t let myself dwell too long on the thought of dying young and leaving my children motherless—it’s an image that’s too terrifying for me. But the fact is, I need to prepare for the worst so that I can be at peace knowing my children will be taken care of financially.

I’ve banked with RBC for my entire life—well, at least since I was six years old. I remember my dad taking me and my twin sister into our local RBC branch to open a savings account. I am now 42 years old and I still use that bank account. RBC is a bank I can trust. In addition to my personal bank account, RBC handles my mortgage, credit card and business bank accounts.

While many Canadians are used to banking with RBC, they may not realize that they can quickly and easily set up life insurance with the bank as well. Like I said, most parents don’t like to think about these upsetting things for too long, and RBC gets that. You can go online and get a quote for RBC Simplified Term Life Insurance in just a couple of minutes and then apply online in about 15 minutes. I was pleasantly surprised at how easy it was to get a quote and apply online. Most importantly, my quoted rate was very reasonable.

Photo: Susan Carraretto

Photo provided by Susan Carraretto

I like that RBC has an option to pay monthly or pay a reduced rate annually. To give you a rough idea, as a 42 year old, non-smoking woman, I could get $100,000 worth of life insurance for a 10-year term for less than the price of buying a new pair of leather boots each year. Of course, I’m not suggesting that you go without your favourite boots, but it does put the cost in perspective. A few minutes of your time and the price of a pair of boots can buy you some peace of mind.

Susan Carraretto blogs with her twin sister, Janice Croze, at 5MinutesForMom.com about family life, food, fashion, photography and kids’ activities. Follow them on Twitter @5minutesformom and Facebook  for tasty recipes, crafts and helpful tips.

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Protecting your family is your prime concern, but once you have a baby, getting out of the house to buy life insurance probably ain’t going to happen. However, when he’s finally decided to snooze, you can get RBC Simplified® Term Life Insurance online in just 15 minutes. No hassle, no meetings and, in most cases, no medical exams—just a few clicks during your afternoon tablet session and you’ll have a coverage policy that starts as low as $12.71 a month per family member. Play around with different coverage amounts (up to $500,000) and choose a premium that works for you.

Where to buy: From $12.71 per month, rbcinsurance.com/simplelife>