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.