/gallery/albums/album25/aay.thumb.jpg
/gallery/albums/album306/abk.thumb.jpg
/gallery/albums/album240/IMG_9869.thumb.jpg
/gallery/albums/album172/halifax_046.thumb.jpg
/gallery/albums/album302/abq.thumb.jpg
/gallery/albums/album125/IMG_2579.thumb.jpg
/gallery/albums/album253/KetchupMule.thumb.jpg
/gallery/albums/album307/abs.thumb.jpg
/gallery/albums/album93/135_3502.thumb.jpg
/gallery/albums/album116/IMG_2761.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