/gallery/albums/album51/DSC02418.thumb.jpg
/gallery/albums/album306/abg.thumb.jpg
/gallery/albums/album310/aaj.thumb.jpg
/gallery/albums/album216/S_Work4_MikeTheJavaGuru.thumb.jpg
/gallery/albums/album302/aae.thumb.jpg
/gallery/albums/album310/aau.thumb.jpg
/gallery/albums/album12/adz.thumb.jpg
/gallery/albums/album223/PaintBall_TeamRed_LOSERS.thumb.jpg
/gallery/albums/album299/afp.thumb.jpg
/gallery/albums/album177/IMG_7976.thumb.jpg

I found myself waiting for some photocopies while at RBC today, so I began browsing a pamphlet: "LoanProtector, Life and disability insurance to protect your personal loan or Royal Credit Line." Here I learned that if you become disabled or die then RBC will cover your loan payment -- but not if you're a civilian casualty of war, or if you're charged with a crime and the charges are dropped.

Page 13; "When your life insurance benefit won't be paid: If you die as a result of war, insurrection, or similar types of hostilities, whether or not you were participating, the Insurer will not pay a benefit."

Page 23; "When your disability insurance benefit won't be paid: The Insurer will not pay disability benefits if your disability was directly or indirectly the result of ... committing or attempting to commit a criminal offence regardless of whether charges are laid or a conviction obtained"

Forget actuarial rationalizations, the only protection here is for the incalculably rich stockholders of the underwriter.


[ commentary :: capitalism ]

Last updated December 13, 2010