Get affordable life insurance in minutes.

Protect your family with a trusted and affordable RBC Insurance term-life policy.

Take a life insurance assessment or chat with a licensed advisor.

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TRUSTED INSURANCE CARRIER

Term life insurance from RBC Life Insurance Company

We’re changing the way Canadians look at life insurance.

Trustworthy

Life insurance provided by an A-rated1 (Excellent) carrier.

Fast

It takes just minutes. Easy peasy.

Valuable

World-class member benefits that support you, daily.

All digital.

Apply in minutes.

Insurance

made simple.

C$50K - C$1M coverage available

Flexible coverage for your needs

10 or 20 year terms available

Premiums won't increase during your term

Ages 18-70 are eligible to apply

We're making life insurance inclusive

Life insurance for any tax situation

Learn more about how term-life insurance can protect you and your family.

Secure your family's financial future

Provide your family with the peace of mind that comes with knowing they will be taken care of should the worst happen.

With term-life insurance you'll be able to ensure that your loved ones are financially secure and able to cover expenses such as funeral costs, outstanding loans, debts, and ongoing household expenses.

Secure your family's financial future

Term life insurance can be especially important for someone with a new home, as it can help ensure that the mortgage and other related expenses are covered in the event of the policyholder's untimely death.

Owning a home is a significant financial responsibility, and a term life insurance policy can provide the necessary protection to help your loved ones maintain their standard of living and keep the family home if something were to happen to you.

Give your family the peace of mind that comes with knowing their financial needs will be taken care of and their home will be secure.

Protect your assets and legacy

Whether you have a successful business, or other significant assets, a term life insurance policy can provide the necessary protection to ensure that those assets can persist or are passed on to your loved ones as intended.

Leave Your Loved Ones Debt-Free

Term life insurance can be an important financial tool for someone with outstanding debts, as it can help pay off those debts in the event of the policyholder's untimely death. Whether you have a mortgage, credit card debts, student loans, or other financial obligations, a term life insurance policy can provide the necessary protection to ensure that your loved ones are not left with the burden of paying off those debts. By choosing term life insurance, you can give your family the peace of mind that comes with knowing their financial obligations will be taken care of, even if something were to happen to you.

Cover your life starting* at just C$10 /mo.
Less than a cup of coffee a week.

20, FEMALE

C$100,000 Coverage

Starting at C$9.36 /mo

25, MALE

C$150,000 Coverage

Starting at C$15.08 /mo

30, FEMALE

C$200,000 Coverage

Starting at C$14.22 /mo

35, MALE

C$250,000 Coverage

Starting at C$14.72 /mo

40, FEMALE

C$300,000 Coverage

Starting at C$17.10 /mo

45, MALE

C$350,000 Coverage

Starting at C$35.35 /mo

50, FEMALE

C$400,000 Coverage

Starting at C$43.06 /mo

50, MALE

C$450,000 Coverage

Starting at C$68.52 /mo

20, FEMALE

C$100,000 Coverage

Starting at C$9.36 /mo

25, MALE

C$150,000 Coverage

Starting at C$15.08 /mo

30, FEMALE

C$200,000 Coverage

Starting at C$14.22 /mo

35, MALE

C$250,000 Coverage

Starting at C$14.72 /mo

40, FEMALE

C$300,000 Coverage

Starting at C$17.10 /mo

45, MALE

C$350,000 Coverage

Starting at C$35.35 /mo

50, FEMALE

C$400,000 Coverage

Starting at C$43.06 /mo

50, MALE

C$450,000 Coverage

Starting at C$68.52 /mo

Get my quote

*These are real quotes for non-smokers. Photos are for illustrative purposes only.

Any questions?

What makes Walnut different?

Our team at Walnut is on a mission to make life insurance accessible and improve the lives of our members with access to valuable member benefits.

Accessible Pricing: We’re spearheading price-first life insurance memberships to create a transparent and trustworthy online buying experience. You’ll always know how much you’re paying right from the start. You can feel comfortable that you’ll never be blindsided by additional fees or commissions.

Member Benefits: To help you live your best life our memberships include access to relevant products and services in addition to your life insurance. These are included as part of your monthly payment and you’ll have access as long as your membership is active.

What insurance products does Walnut offer?

Walnut currently offers term life insurance available in 10-year terms and 20-year terms. Walnut does not offer whole or universal life products, but you can talk to an RBC Insurance advisor who can provide those options.

Who are Walnut's member benefits partners?

We’ve partnered three premium brands to help you live your best life. Headspace for mental health, sleep, and focus guidance, ClassPass for access to hundreds of digital fitness classes, and Dashlane to help you autofill passwords and protect your online identity.

Am I paying for the member benefits?

Yes, member benefits are optional and the pricing for the benefits are broken out separately during the checkout process.

Are you licensed to sell insurance?

Yes, we are licensed to sell insurance. You can find our list of active licences here.

What forms of payment do you accept?

We currently accept credit card payment.

If I have other questions, how can I get in touch with Walnut?

We’d love to chat with you. To chat with us, you can contact us through the live support on our site or email us at contact@gowalnut.com.

What is CloudTax?

CloudTax is a cloud-based platform that provides a fast, secure, and convenient way to purchase life, home and auto insurance coverage. Our service is designed to give you the peace of mind you need when it comes to protecting yourself and your family. With CloudTax, you can access reliable life insurance coverage quickly, easily, and securely, allowing you to use insurance to save taxes and effectively save more money.

What is CloudTax's new partnership with Walnut?

CloudTax has partnered with Walnut to offer life insurance policies from RBC Insurance in just a few simple clicks. Customers can now purchase an affordable life insurance policy in minutes through our platform.

What type of insurance does CloudTax offer?

CloudTax provides a range of insurance policies to meet your needs, including life, home, tenant, and auto insurance. Our policies can provide you with coverage for various types of risks, such as fire, theft, personal injury, and more.

How do I get started with CloudTax?

CloudTax is partnered with Walnut Insurance Inc to offer insurances that are underwritten by RBC Insurance and other insurance providers. You can buy these policies directly on our platform. Simply view available policies, compare quotes, and purchase coverage with a few clicks.

What are the benefits of using CloudTax?

CloudTax offers several benefits, including fast and secure access to insurance coverage, flexible payment options, and optional member benefits such as Dashlane Premium, ClassPass Digital and Headspace Plus at a discount. In addition, our platform is designed to be intuitive and user-friendly, so you can easily find the policy that best meets your needs. We also provide round-the-clock customer service and support to ensure that you have a smooth and stress-free experience.

Is my information secure when using CloudTax?

Yes, CloudTax is committed to keeping your information secure. We use the latest encryption technology to protect sensitive data and have put in place rigorous security measures to ensure that your information remains safe and secure.

How can I contact customer service?

CloudTax has partnered with Walnut Insurance to provide insurance options and support customers. You can reach us at cloudinsure.help@gowalnut.com or 1-888-966-5308.

What is term life insurance?

Term life insurance is one of the most affordable ways to ensure your family is protected financially in the event of your passing. "Term" is the set amount of time that the insurance will last. To determine the right length of time you would want to consider your financial liabilities; mortgage, loans, debt, and end-of-life expenses. Given this type of insurance is for a set period, if you were to outlive the term you would not receive any return on the premium. Your family would also not receive a death benefit.

Why should I buy term life insurance?

There are multiple reasons someone would prefer to choose term life insurance. The premium prices are much more affordable, if you need something that would protect your family but are on a budget this is the perfect option. It's also great if you have a family with a mortgage, debt, loans, or want to put your kids through college. This is equally important to have if you have shared investments with a serious partner or even a business partner, the policy would help to protect them from financial loss or burden. The length of the policy would reflect how long you would need to protect your loved ones to cover your finances in the event of an unexpected death.

What ages are eligible for your digital term life insurance?

Adults 18-70 years of age may be eligible to purchase online.

How much life insurance coverage do I need?

Consider the obligations and individuals you may want to take care of. Are there debts, including mortgages, that you would like to cover in case you pass away? Dependents like spouses or children who depend on your income for everyday expenses or for education? Funeral and other final expenses? And then reduce that amount by any liquid assets like cash, savings, or other investments that could be made available to loved ones immediately.

You can access the Walnut Life Insurance Calculator to help you understand how much coverage may be suitable.

Will my monthly premiums ever change?

No, your monthly premiums will not change for the length of your term.

How do I set my beneficiaries?

For the RBC Simplified® Term Life Insurance product, the beneficiary is defaulted to the estate in order to streamline the online purchase process. You may change the beneficiary after your policy has been issued by submitting a signed Change of Beneficiary form which will be sent with your policy package in the mail.

What is the maximum amount of term life coverage available?

The maximum amount of coverage available with Walnut is $1,000,000 for clients 55 years of age or younger. Coverage maximum amount of $499,999 is available to clients 56 years of age and older.

Can I get life insurance if I have a serious medical condition?

This greatly depends on what the serious medical condition is. This should not stop you from reaching out to an insurance provider to see if you would qualify. In general, most pre-existing conditions will get a rating, making your premium higher. What is important is to get covered with insurance the sooner the better, because if you do have a medical condition this puts you at greater risk of earlier or an unexpected death.

Can I purchase a policy on behalf of someone else?

In most cases, purchasing life insurance is a decision made by the individual to be insured. At Walnut, you can only purchase on behalf of yourself.

How can I make changes to my insurance policy?

To make changes after the purchase of your life insurance policy you can contact our licensed brokers at cloudinsure.help@gowalnut.com for assistance or contact the insurer, RBC Insurance directly at 1-800-769-2568. Please have the name and policy or confirmation number handy.

How can I cancel my policy?

You can cancel at any time with written notice. Within 30-days after your purchase, you have a risk-free review period where you can change your mind and cancel for any reason and you will receive a full refund. 

After the initial 30-days, you can cancel and any further billing will cease and your coverage will end at the end of the paid period. 

For further clarification, purchasing a term 10 or 20 year policy does not obligate you to pay for the entire term. If the coverage no longer makes sense for you, you can cancel.

How can I get a quote?

You can get a quote online and compare coverage and term length options by telling us a bit about yourself here, https://www.gowalnut.com/cloudtax-life.

How can I pay for my insurance policy?

You can pay for your term life insurance policy by providing your credit card online. Payment via direct bank withdrawal is also available if preferred, please contact us at cloudinsure.help@gowalnut.com for further instructions.

How do I file a claim?

Please contact us at cloudinsure.help@gowalnut.com or 1-888-966-5308 and we can help you start the claims process and answer any questions.

Only the insurer can assess the claim, so if you’d like to begin the claims process directly with the insurer, you can also go visit the RBC Insurance claims website, https://www.rbcinsurance.com/personal-insurance/claims-service.html?view=life.

How long does the application process take?

Our goal is to get you covered quickly and easily. The process from quote to application submission should only take 10-15 minutes.

Can I complete my application fully online?

Eligibility may vary depending on health and other factors, but yes, our platform allows you to apply for coverage 100% digitally without ever needing to speak with an agent. Although, we are here if you need some help.

Do you require a medical exam?

You may be eligible to complete the underwriting process fully online without a medical exam. However, there can be health or other factors that may prevent a successful digital application.

Why do you require personal information?

Our platform allows us to underwrite policies in realtime which requires personal information. All of the questions that are asked in the application process are required to give you an an accurate and instant decision on your life insurance eligibility. Please be rest assured that your information is safe and will not be used for any other purposes other than underwriting your policy. You can read our Terms of Use and FAQ.

My application was denied. Why?

In some cases, we are unable to offer coverage due to eligibility. If you suspect something is going wrong, please do not hesitate to contact us at support@gowalnut.com.

I am unable to get through my application. How can I get help?

In the event that you are having trouble with your application online, please know that we are here to help. To chat with us, you can contact us through the live support on our site or email us at support@gowalnut.com.

By providing your email address, Walnut Insurance Inc. (“we”) will be able to let you know the status of your application as well as offer assistance, and send reminders for applications you may not have completed. You agree that we may use your email address for these purposes. If your application is approved, then your email will be used in accordance with your life insurance agreement. We will never use unencrypted, regular email to ask for confidential information.