Facts & Information Page:
Royal Bank of Canada - Canada

Canadian Money Advisor Rank

Product Names

Product Name


RBC RBC Homeline Plan

RBC LoanProtector Life and Disability Insurance

RBC RBC High Interest eSavings

COMPANY CONTACT INFORMATION:

Royal Bank of Canada
6880 Financial Drive
Mississauga, ON L5A 7Y5
Website:http://www.rbcroyalbank.com

Customer Service Phone: 800-769-2528
Customer Service Fax:800-276-1947
COMPANY INFORMATION AND BIOGRAPHY:

At Royal Bank we are very proud of our history and of the contributions of several generations of Royal bankers who have established a strong esprit de corps both within the bank and the communities that they served.

As early as 1875 the Halifax Chronicle saw vast prospective in the upstart Merchants' Bank of Halifax later renamed The Royal Bank of Canada in 1901 and widely noted the bank's notable ability to remain "always moving, alive and active." Willing to test the outer limits of the Canadian banking consensus, Royal Bank's evolution from a small regional bank into a national institution is credited to the strength of its people and to its bold strategies tempered by the mandatory caution.

The history of Royal Bank personally parallels the evolution of Canada from growth to maturity. Whether opening a branch at the "end of steel" in support of emerging communities alongside Canada's fledgling national railway, or assertively pursuing new e-commerce delivery channels, Royal Bank has always expected and responded to the needs of Canadians.

Royal Bank of Canada and its subsidiaries function under the master brand name RBC. We are Canada’s biggest bank as measured by assets and market capitalization, and among the largest banks in the world, based on market capitalization. We are one of North America’s top diversified financial services companies, and grant personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We utilize more or less 78,000 full- and part-time employees who give out close to 18 million personal, businesses, public sector and institutional clients through offices in Canada, the U.S. and 51 other countries.

Product Name Product Description
RBC RBC Homeline Plan At RBC Royal Bank, we present the security of LoanProtector Life and Disability insurance. You can protect not only yourself and your family\'s lifestyle, but also your assets and net worth. LoanProtector life and disability insurance grants you with a secure financial safety net for your loan or line of credit precisely when you and your family need it most.

Life and disability insurance pays off your outstanding insured RBC Royal Bank loan balance and the qualifying balance of lines of credit in the event of death up to $500,000. It maintains your regular loan payments and pays 3% of the qualifying balance of your line of credit in the event of a disability up to $3,000 per month for a maximum of 24 months. It preserves your personal insurance and aids to safeguard your savings for what they were intended.

With Life insurance, the outstanding balance as of the date of death or the average monthly balance for the 12 months prior to the month of death. In disability insurance, 3% of the outstanding balance as of the date of disability or the average balance for the 12 months prior to the month in which the disability occurred. Both life and disability benefits are non-taxable and benefits do not have to be coordinated with other insurance plans.
RBC LoanProtector Life and Disability Insurance At RBC Royal Bank, we present the security of LoanProtector Life and Disability insurance. You can protect not only yourself and your family\'s lifestyle, but also your assets and net worth. LoanProtector life and disability insurance grants you with a secure financial safety net for your loan or line of credit precisely when you and your family need it most.

Life and disability insurance pays off your outstanding insured RBC Royal Bank loan balance and the qualifying balance of lines of credit in the event of death up to $500,000. It maintains your regular loan payments and pays 3% of the qualifying balance of your line of credit in the event of a disability up to $3,000 per month for a maximum of 24 months. It preserves your personal insurance and aids to safeguard your savings for what they were intended.

With Life insurance, the outstanding balance as of the date of death or the average monthly balance for the 12 months prior to the month of death. In disability insurance, 3% of the outstanding balance as of the date of disability or the average balance for the 12 months prior to the month in which the disability occurred. Both life and disability benefits are non-taxable and benefits do not have to be coordinated with other insurance plans.
RBC RBC High Interest eSavings RBC High Interest eSavings, whether you are just starting to save or have accumulated a substantial sum, we offer some great savings accounts to meet your needs. An online savings account offering high interest on every dollar is offered. Free online transfers from this account to other RBC accounts in your name 24/7 with no delay.

You can make the most of your savings with this online savings account, the RBC High Interest eSavings account offers you high interest on every dollar, free online transfers including ATM and unassisted telephone fund transfers from this account to other RBC Royal Bank accounts in your name. It also includes free access to RBC Online and Telephone Banking and no minimum deposit requirements. Aside from that, you have the ability to set up memorized online transfers from your banking account to your savings account. Save for a specific goal or a rainy day. Your money is always available to you online 24 hours a day, 7 days a week.