A life insurance policy plan can help provide you peace of mind knowing that your family’s quality of life will be maintained if you pass away unexpectedly.
Eric and Isabelle dreamed of a fulfilling future, and helping their two children pursue higher education. As part of their plan to achieve this dream, they explored the financial security that a life insurance policy can offer with their RBC advisor and their estate planning specialist.
Both Eric and Isabelle valued the peace of mind that protection gave their family. They decided to purchase life insurance, and name each other as the beneficiary of their respective policies. Isabelle later fell ill and passed away unexpectedly.
During this challenging time, the death benefit of her life insurance policy helped Eric with several of the family’s financial needs. It assisted with the family’s liabilities, such as paying off the mortgage on their home, and providing for the loss of Isabelle’s salary for several years.
Most of all, the benefit also helped fulfill Isabelle’s dream of helping her children achieve a higher education. Nothing can replace Isabelle in the hearts of Eric and their kids. But her family was comforted knowing that she left a considerable legacy in the form of financial security, and funding of her children’s education.
Now that Eric is the sole provider for his children, his advisor recommended a full wealth management review. This review led Eric to increase his existing life insurance coverage, as well as discuss the benefits provided by illness and disability insurance.
Eric found great relief in knowing that his loved ones will continue to be protected, should anything happen to him. Contact your RBC Life-licensed Advisor today to help achieve your unique goals, and to discuss how you can best protect your loved ones.
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The comments contained in this video are general in nature, and do not constitute legal, investment, trust, estate, accounting or tax advice. Insurance products offered through RBC Wealth Management Financial Services Inc. (“RBC WMFS”), a subsidiary of RBC Dominion Securities Inc. (RBC DS”). * RBC WMFS is licensed as a financial services firm in the province of Quebec. When providing insurance products in all provinces except Quebec, Investment Advisors are acting as Insurance Representatives of RBC WMFS. In Quebec, Investment Advisors and Estate Planning Specialists are acting as Financial Security Advisors of RBC WMFS. RBC DS, RBC WMFS and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC DS and RBC WMFS are member companies of RBC Wealth Management, a business segment of Royal Bank of Canada ® / ™ Trademark(s) of Royal Bank of Canada. Used under licence. © 2023 RBC Wealth Management Financial Services Inc. All rights reserved.