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Royal Bank To Sell Quick Term Through Quotesmith Site

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NU Online News Service, Oct. 3, 2003, 1:12 p.m. EST – Royal Bank of Canada, Toronto, has agreed to sell RBC ExpressTERM life insurance policies through, a Web site operated by Inc., Darien, Ill.

Royal Bank will issue the policies through a U.S. subsidiary, Liberty Life Insurance Company, Greenville, S.C., and underwrite applicants in 15 minutes or less without requiring that they undergo medical exams, Quotesmith says.

The policies offer rate guarantees for terms of 10, 15 or 20 years.

The policies are available in all states except Alabama, Kentucky, Massachusetts, New York, Pennsylvania and Vermont.