News Archives
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
News By Category
- Audis Company News
- AXA
- BMO
- Canada Life
- Desjardins
- Empire Life
- GMWB
- IA Excellence
- Industrial Alliance
- Product Profile
- RBC
- Software
- SSQ LIfe
- Standard Life
- Sun Life
- Transamerica
- Underwriting
RBC Lowers Term Rates and Increases Compensation
Posted in RBC, Software · · (permalink)
New Term 10 & Term 20 Rates now available with RBC.
The new pricing makes RBC more competitive than ever. In addition RBC has permanently increased their FYC on Term 10 and Term 20 by 5%.
The Software (version 5.0) is now available (Click Here)
Important Changes to RBC Insurance Product Portfolio
Posted in RBC, Software · · (permalink)
Effective June 23, 2012 RBC Insurance will suspend new sales of the following products:
Life Insurance
- Term 100
- RBC Universal Life
Living Benefits
- Long Term Care Insurance
- Critical Illness Recovery Plan T100
- Critical Illness Recovery Plan Term 75 paid up at 65
- Critical Illness Recovery Plan – Return of Premium on Surrender/Expiry Riders
- Quantum
The above products remain available in the RBC Insurance product portfolio for conversion only.
RBC Insurance Product Offering as of June 23, 2012
RBC will continue to offer the following products
- Term 10
- Term 20
- The Professional Series DI
- The Foundation Series DI
- The Bridge Series DI
- Critical Illness Term 10
- Critical Illness Term 65
- Critical Illness Term 75
- Wealth Solution Products
Transition Rules
New Business Applications received after June 22, 2012
- As the above noted products are being suspended effective June 23, 2012, any application for any of the above products received after June 22, 2012 will be returned to you.
Re Price of Life Conversion Products
- Effective June 23, 2012, Level Cost of Insurance (Level COI) rates for T100 and RBC Unviersal Life will be increasing in keeping with recent pricing movement in the marketplace
Compensation Updates
- Effective June 23, 2012, RBC will reduce the FYC paid on conversions to RBC universal Life from 60% to 55%
RBC Illustration Software
A new version of the RBC illustration software (version 4.0) will be available for download on June 23, 2012. The updated software can be downloaded below:
RBC Insurance Update on Service Providers
Posted in RBC, Underwriting · · (permalink)
Please be advised effective immediately RBC has terminated their service contract held with Quality Underwriting Services. RBC Insurance will no longer accept any services provided by Quality Underwriting.
Below is a list of RBC’s preferred Paramedical Service providers
- Examone
- First Financial
- Hooper Holmes
- MedAxio
- Medifast
- Watermark
New RBC Software version 3.4
Posted in RBC, Software · · (permalink)
RBC Illustrations Version 3.4 Now Available with Universal Life Sales Solutions
Great news! We at RBC Insurance® are excited to announce the launch of the next version of RBC Illustrations, available October 31, 2011. In this more comprehensive version of software, you’ll have access to three additional RBC Universal LifeTM sales solutions.
- Estate Protector
- Personal Estate Optimizer
- Corporate Estate Optimizer
RBC Insurance – 2012 Student Initiative Program – Available Now!
Posted in RBC · · (permalink)Don’t wait until graduation to approach students about their disability insurance needs. Get a head start today with the RBC Insurance® Student Initiative program! The 2012 program period will start on October 1, 2011 and run until September 30, 2012.