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Disability Insurance

Protect your income. Protect your lifestyle.

If you lost your ability to earn an income, you could also lose the lifestyle you’ve created. An accident or serious illness can happen when you least expect it, leaving you unable to work and earn money. Your provincial health plan can help with the medical bills. But to replace lost income, you need disability insurance.

You are on: Overview

Why do you need disability insurance?

The lifestyle you enjoy, your children’s college education, and your retirement savings all depend on your ability to earn a living. If you suddenly had less money coming in—plus additional money going out to cover bills related to your disability—where would the money come from to replace your lost income?

Even if you already have disability insurance through your employer, it may not be enough. Plus, if you change jobs, your employer-sponsored disability insurance will most likely end with your employment. What's more, disability benefits under the Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) limit the benefits you can receive.

Also consider the probability of incurring a 90-day or longer total disability prior to age 65(1) (see chart below). When a disability lasts longer than 90 days, the length of that disability averages between 2.1 and 3.2 years for those age 55 and younger(2).

When you imagine life without your income—and the odds of becoming disabled at some point in life—disability insurance makes sense.

Choose disability insurance that’s suited to your needs.

RBC Insurance offers several different plans that can help you preserve your income if you become disabled. We’ve designed them to offer a range of benefit and premium options to suit your occupation, income level and other factors.

You are on: Plan Choices

You are on: The Professional Series® policy

A disability insurance plan for high-income earners

The Professional Series policy provides long-term disability coverage to help protect you if you become unable to work due to illness or injury(3).

The Professional Series policy is ideal if you are age 18 through 60 and:

  • Work on a fee-for-service basis (doctor, lawyer or accountant), or
  • Are a non-salaried or salaried high-income professional or executive

The Professional Series policy offers:

  • Your choice of benefit periods (how long you can receive benefits) and elimination periods (the number of days that must pass before benefits are payable)
  • Guaranteed level premiums to age 65
  • Benefits to help you get back to full-time work
  • The ability to custom-tailor your policy with optional coverage

You are on: The Foundation Series™ policy

Total disability income protection for a wide range of occupations

The Foundation Series policy provides long-term total disability income protection if you are unable to work due to injury or illness(3).

The Foundations Series policy is ideal if you are age 18 through 60 and a:

  • Small business owner or manager
  • Tradesperson (plumber, electrician, etc.)
  • Middle-income earner (office worker or sales person)
  • Self-employed farmer

The Foundation Series policy offers:

  • Your choice of benefit periods (how long you can receive benefits) and elimination periods (the number of days that must pass before benefits are payable)
  • Guaranteed level premiums to age 65
  • Benefits to help you get back to full-time work
  • The ability to custom-tailor your policy with optional coverage

You are on: Bridge Series® policy

Affordable total disability protection with level premiums and numerous options

Our Bridge Series policy provides an affordable level of long-term total disability income protection if you are unable to work due to injury or illness(3).

The Bridge Series policy is ideal if you are age 18 through 60 and a:

  • Small business owner or manager
  • Tradesperson (plumber, electrician, etc.)
  • Middle-income earner (office worker or sales person)
  • Self-employed farmer

The Bridge Series policy offers:

  • Affordable coverage to individuals who are comfortable with a few additional limitations and exclusions in exchange for a lower premium
  • Your choice of benefit periods (how long you can receive benefits) and elimination periods (the number of days that must pass before benefits are payable)
  • Benefits to help you get back to full-time work
  • The ability to custom-tailor your policy with optional coverage

You are on: The Fundamental Series™ policy

A disability insurance plan for the self-employed, contract workers and employees without group disability coverage

The Fundamental Series™ disability income protection product is different from traditional disability offerings. Your acceptance is guaranteed for injury-only coverage upon satisfying a few simple qualifying statements, and you have the option to purchase illness coverage as well.

The Fundamental Series policy is ideal if you are age 18 through 64* and are:

  • A self-employed individual or contract worker
  • A retail worker
  • A construction worker
  • A tradesperson (plumber, electrician, etc.)
  • A self-employed farmer
  • An individual without group disability coverage and or have a need to top up your existing coverage

*Note: You can apply for injury-only coverage if you are age 18-69. To apply for illness coverage, you must be age 18-64.

The Fundamental Series policy offers:

  • Loss of Income - Injury coverage, which includes a few simple pre-qualifying questions to apply
  • Optional, medically-underwritten illness coverage
  • Your choice of benefit periods (how long you can receive benefits) and elimination periods (the number of days that must pass before benefits are payable)
  • Business Overhead Expense coverage which can help cover the fixed operating expenses for your office while you are disabled

You are on: RBC Simplified® Disability Insurance

A disability insurance plan that’s affordable and easy to purchase

With RBC Simplified® Disability Insurance you can help protect your income in the event of an injury and/or illness with very affordable coverage that's easy to understand and simple to purchase.

RBC Simplified Disability Insurance is ideal if you are age 18 through 55 and:

  • Need basic disability insurance, or
  • Want to add on to coverage you already have through a group plan

RBC Simplified Disability Insurance offers:

  • A simple application for both injury and sickness coverage
  • Benefit amounts of $500, $1,000 or $1,500 per month (75% of your gross monthly income is the maximum)(6)
  • A benefit period of 2 years (how long you can receive benefits)
  • Injury-only coverage, as well as injury and sickness coverage
  • Very affordable premiums

You are on: Retirement Protector policy

Keep saving for retirement even if you can't work

Our Retirement Protector policy is a unique plan that helps you continue saving for retirement in the event of total disability. While available as a stand-alone policy, it is also the perfect complement to one of our other disability insurance policies.

The Retirement Protector policy is ideal if you are age 18 through 55 and are:

  • Concerned about the consequences of not being able to make retirement savings plan (RSP) contributions during a disability
  • Self-employed and don't have a company pension plan

The Retirement Protector policy offers:

  • The ability to continue making RSP contributions in case of total disability
  • Your choice of benefit periods (how long you can receive benefits)

You are on: Return to Work Benefits

Look for more from your disability insurance

When you can get back to work after a disability, it’s good for your physical, emotional and financial well-being. That’s why many of our disability insurance plans provide return to work benefits. With these benefits, you can receive financial help, as well as rehabilitation, job retraining and other services to assist you in your transition back to the workplace.

Providing the support you need to return to work

Return to work assistance can start as early as the first day of your disability. We may provide help in returning you to work or enhancing your ability to work. Our assistance can include such services as:

 

How it works in real life

See how we helped three clients return to work.

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  • Co-ordination and payment for physical and/or psychological rehabilitation services
  • Financial and business planning
  • Transferrable skills analysis, which includes identifying other occupations you could perform
  • Job training and education
  • Job search assistance and placement

In addition, we may provide job or work-site modifications to accommodate your needs. This could include such things as:

  • Ergonomic furniture and/or equipment
  • Working with you and your employer to change your job duties
  • Assistive devices such as mobility-enhancing equipment or visual/audio devices

Note: Availability, details and limits of return to work assistance benefits vary by insurance plan. Return to work benefits are not available with RBC Simplified® Disability Insurance. Contact an RBC Insurance® advisor for complete details.

You are on: FAQs

Questions and Answers about Disability Insurance

Below are answers to the most common questions asked about our disability insurance plans. Don't see your question? Call 1-866-262-7920 to talk with an RBC Insurance® advisor.

Applying for Coverage

Expand How do I apply for coverage?

Expand Can I cancel my coverage at any time?

Eligibility

Expand Who can apply for coverage?

Expand Are any medical questions or exams required to apply?

Expand I’m concerned that I can’t qualify for disability coverage. Should I still apply?

Expand Is my unmarried partner eligible to apply for coverage?

Coverage Details

Expand Doesn’t the Canadian government provide coverage for disability?

Expand I have a disability policy at work. Why do I need another policy?

Expand Why do I need disability insurance when I've never had any health problems and I don't foresee having any?

Expand How much disability insurance should I have?

Expand How do the RBC Insurance plans differ?

Expand How do I qualify for benefits under my plan?

Expand What is the elimination period?

Expand Are there any exclusions under which I won't receive benefits, even though I am unable to work and earn?

Premiums

Expand How long will I pay premiums?

Expand Will my premiums ever increase?

Expand Do I have to pay premiums while I'm receiving benefits?

Claims

Expand How do I file a claim?

 

Take the Next Step – Contact Us Today

Your most valuable asset is your ability to earn an income. Disability insurance can help protect the lifestyle your income affords—and provide valuable services to help you return to work. Call today to apply or to discuss your needs with a licensed RBC Insurance® advisor.

 

1) 1985 Commissioners Individual Disability Table A

2) 1985 Commissioners Individual Disability Table A: If the disability lasts longer than 90 days, the average length will be: 2.1 years for age 25, 2.5 years for age 30, 2.8 years for age 35, 3.1 years for age 40, 3.2 years for age 45, 3.1 years for age 50, 2.6 years for age 55, 1.6 years for age 60.

3) Certain conditions must be met for benefits to be payable. Your policy will provide complete details.

4) Provided you satisfy the pre-qualifying questions.

5) Service Canada, http://www.servicecanada.gc.ca/eng/isp/cpp/cpptoc.shtml

6) If you are self-employed, income means your share (proportionate to your ownership interest) of the income or loss of the business net of all business expenses except income taxes. If you are an incorporated business owner, you may also include any wages, salary, fees or commissions which the incorporated business paid to you as an employee of the business.

 

Get a Quote

Need basic disability insurance? Want to top-up your group coverage? Get a quick quote for RBC Simplified® Disability Insurance!

 
 

Contact Us

Talk to a licensed RBC Insurance® advisor about disability insurance today: