Canada's small business owners can sleep easier with disability
insurance coverage offered by RBC Royal Bank
TORONTO, January 10, 2008 — RBC Royal Bank has
become the first major Canadian bank to launch a disability
insurance option under its Business Loan Insurance Plan. The
disability insurance option assists business owners by covering
insured business loan and mortgage payments in the event they
become seriously ill or injured. This can help relieve financial
stress on an insured owner and keep the management team focused
on the business.
"Canada has over two million small and commercial business
owners. In most of these enterprises, the owner is the heart
and soul of the business," said Louise Mitchell, president,
RBC Insurance Services Inc. "A business could be financially
devastated by the disability of one of its owners. The Business
Loan Insurance Plan is designed to help the business maintain
its loan and mortgage obligations so the owner can focus on
recovering."
The Business Loan Insurance Plan is a group creditor insurance
plan underwritten by Sun Life Assurance Company of Canada.
It also includes life insurance and accidental dismemberment
coverage, which enables a business to continue to manage on
a day-to-day basis by paying off or reducing outstanding loans.
RBC Royal Bank delivers a wide range of financial services
and practical advice to small and medium-sized businesses
and their owners. RBC Royal Bank is Canada's leading financial
institution for small business, serving one in four small
businesses.
RBC Insurance Services Inc. is the administrator of creditor
insurance programs offered by RBC Royal Bank. For more information
on the Business Loan Insurance Plan call or visit an RBC Royal
Bank Branch.
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For more information, please contact:
Kerry Gaetano, (905) 816-5583, kerry.gaetano@rbc.com
Margie McNeil, (905) 606-1425, margie.mcneil@rbc.com
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