![]() *Applicable only for clients with existing LoanProtector coverage. Monthly Rate per $1000 of Outstanding Balance Critical Illness Insurance Single Premium Rates Critical Illness Insurance Single Premium Rates Age Premiums are calculated based on your rate and your average daily balance during that statement period.įor joint coverage, rates are based on the age of the oldest insured borrower multiplied by 1.7. Rates are determined based on the age of the borrower on the payment due date. Premiums are calculated based on your rate and your loan balance on the date the payment is due. Rates are determined based on the age of the borrower on the date of the insurance application. How will my critical illness insurance premium be calculated? Provincial sales tax will be added to the premium where applicable. ![]() Note: Rates are converted from a monthly rate to a daily rate based on 365 days a year. Monthly Rate per $100 of Payment for Loans and per Estimated Disability Payment for Royal Credit Line ![]() Disability Insurance Single Premium Rates Disability Insurance Single Premium Rates Age This is because the benefit payable will be calculated as 3% of the qualifying balance at the time you were disabled (to the allowable maximum).įor joint coverage, rates are based on the age of the oldest insured borrower multiplied by 2.0. Premiums are calculated based on your rate and 3% of the daily balance in each billing month. Premiums are calculated based on your rate and your regular loan payment amount on the date that it is due.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |