Insurance

The RCEA offers Group Term Life Insurance through RBC LIFE INSURANCE COMPANY

Premium Rates  — Effective 1 May 2020
The premium rates are per $1000.00 of Benefit.

Monthly premiums including Basic Life, Accidental Death and Dismemberment and Optional Life.

Age BandMale SmokerMale Non-SmokerFemale SmokerFemale Non-Smoker
—-290.15
0.090.100.05
30-34
0.150.090.100.05
35-39
0.240.170.170.10
40-44
0.430.240.280.21
45-49
0.720.410.460.33
50-54
1.170.630.680.54
55-59
1.921.211.040.84
60-64
2.831.611.561.25
65-69
4.092.142.301.85
70-74
6.693.514.043.24

Dependent Life Insurance (including dependent accidental death and dismemberment):

Option 1: $3.46 — Spouse $5000.00, Children $2500.00
Option 2: $8.06 –Spouse $10000.00, Children $5000.00

Members wishing additional information can contact the RCEA office at (613) 746-9341 or by e-mail at office@rcea.ca.