Independent Life Insurance Reviews

RBC Insurance Life Insurance Reviews

(4 reviews)
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Category: Insurance Rates, Prices
(1.6 out of 5 stars)
Customer Service:
Value for Money:

RBC life insurance half star

(1.0 out of 5 stars)
by Moe Dec 19, 2018
...A few weeks ago I thought that I might need life insurance, so I started to shop around till I found a policy called universal life insurance. I thought it works for me. I called the bank and I started following them to get this policy. Originally, online price was so low by the time I saw the bank rep. The prices jump up a little bit, which was ok. However, with final approval, the priced came to over 275. Then I asked how this happened, they said that the medical test shows a high blood pressure 172/92 (for which medication is required and I never ever had any meds for my blood pressure). Also, they said I'm overweight 240 pounds and I've passed on several places including my family doctor, only 219 pounds. I got nervous and I called my family doctor and requested a full physical test and everything was alright. We tried to inform them and they said they can't take any different result from my family doctor. And they approved me with 200%, which makes my policy rate jump above average - $2000 in total. So I have to pay $2000 for one year and after that, they will do the tests again. So here is the story, RBC insurance hired a company to do medical tests for their clients. This company has one mission - to find anything wrong with the client to be taken as a good excuse to put you on high rate insurance even if they will come with a broken scale to read your weight wrong or a blood pressure machine to read your blood pressure wrong. And no way you can even discuss this with the bank. I had to decline the policy and I decided to share this story with everyone so they will be careful. Thx...
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RBC disabilty insurance

(2.0 out of 5 stars)
by MadinAlberta Apr 12, 2017
...After spending weeks trying to purchase Disability insurance from the RBC broker, and checking and rechecking and being assured that the policy covers lost wages in case of partial disability or loss of work due to injury or illness, I, unfortunately, needed to file a claim three years after purchasing the policy. When filling out the paperwork, I again inquired about the fact that it covers loss of wages, and was again assured my policy does. So after completing the required paperwork, paying my Dr to complete the physician portion out $40! I get ahold of the adjudicator and low and behold I am told that because it is a WCB claim, and that I am still employed and able to perform modified duties, that they will not cover me! The adjuster was very sympathetic on the phone while explaining to me, that I had purchased the wrong type of insurance. and that yes the RBC does offer the type I had thought I had purchased, there is nothing he could do, as I do not meet the requirements of the policy I own. Well, this is the first and last time, I will be cancelling the policy asap, and moving all of my banking to a different bank. I have also lodged a complaint with them about the pushing and pressure sale technique used by the broker in the office, but suspect that this too will fall on deaf ears. DON'T BE FOOLED, the prices might look attractive, but the customer service is just lip service...
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600 % premium Increase

(1.0 out of 5 stars)
by Victoria BC customer Jun 23, 2015
...Without notice RBC insurance withdrew 353.52 dollar from our RBC account from a normal 52.53 amount. RBC bank contacted them on our behalf and all the contact information were dead phone numbers. Registered letter sent and still no response or reversal of the charge. Very poor customer service...
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Did you know there is a 35% chance of developing a critical illness before you are 65 and 65%-70% chance before you turn 81? That means getting a critical illness insurance quote is no less important than getting life insurance. Your choice.

Affordable coverage!

(5.0 out of 5 stars)
by Jane Jun 08, 2012
...This is a basic policy; small coverage that is inexpensive - affordable...
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