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Personal Insurance > Health Insurance > Disability Insurance > The Fundamental Series Disability Insurance

The Fundamental Series Disability Insurance

Income protection for the self-employed and employees without disability coverage

The Fundamental Series™ Disability Income Protection policy offers injury-only coverage that is easy to qualify for(1) and a simple application for illness coverage. It’s ideal for self-employed individuals, contract workers and employees who don’t have disability coverage.

You are on: Benefits

With The Fundamental Series policy from RBC Insurance®, you’ll have long-term disability income protection if you are unable to work because of illness or injury(1). It also offers a partial disability benefit that could allow you to work part-time and still collect a monthly benefit.

The plan offers the following key benefits:

  • Injury coverage: Apply for injury-only coverage by answering three pre-qualifying questions.
  • Optional, medically-underwritten illness coverage: Complete a short application to apply for illness coverage.
  • Total disability benefit: You will receive a monthly benefit if illness or injury(1) completely prevents you from working(2). (See What's Covered for details.)
  • Partial disability benefit: You will receive a specified monthly benefit if illness or injury(1) prevents you from working full-time(2). (See What's Covered for details.)
  • Guaranteed renewable: We cannot cancel the policy without your consent, up until you turn age 75 (injury coverage) or age 70 (illness coverage). Premiums may be subject to change; however, we cannot change your premiums unless we do so for an entire group of policyholders sharing similar characteristics.
  • Return to work assistance benefit: This benefit pays for services such as rehabilitation, work-site modifications and more to help you get back to your job.
  • Accidental Medical Emergency Reimbursement benefit: Receive a benefit to help cover certain medical expenses not covered by government health insurance plans.
  • Your choice of benefit periods: You decide the maximum period during which benefits may be paid to you: two years (illness coverage), five years or to age 70.
  • Portability: You can keep your policy even if you change jobs.

Business Overhead Expense offers the following key benefits

  • Can be purchased as a stand alone benefit or with Loss of Income coverage
  • Elimination Period of 30 days (the number of days that must pass before benefits are payable)
  • Monthly benefits ranging from $500 to $6,000 with total benefits equal to 12 times the monthly benefit

You may also choose from a range of optional benefits.

The information above is intended as a summary only. Please see a sample policy (opens new window) for complete details on terms and conditions, including benefits and exclusions.

For more information:

You are on: Optional Benefits

Optional Coverage for Even More Protection

With The Fundamental Series policy, you can add this optional coverage:

  • 24-hour coverage benefit: This policy is non-occupational, which means it covers you when you are not working. If you choose this benefit, you will be covered 24 hours a day, at work, as well as outside of work. You may wish to purchase this optional benefit if you do not have workers' compensation or similar coverage.
  • Illness coverage: You may apply for illness benefits in an amount up to your equivalent monthly injury benefit.
  • Accidental Death and Dismemberment benefit: If you sustain an accidental injury as outlined in your policy, or if you die as a result of an accident, you or your beneficiaries receive a specified benefit based on the type of injury.

The information above is intended as a summary only. Please see a sample policy (opens new window) for complete details on terms and conditions, including benefits and exclusions.

You are on: Eligibility

Eligibility Requirements

You are eligible to apply for The Fundamental Series policy if you:

  • Are between the ages of 18 and 64 (illness coverage) and age 18-69 (injury coverage), and
  • Are a Canadian citizen or permanent resident/landed immigrant and are not planning to relocate out of Canada in the next 24 months

You are eligible for injury-only coverage if you satisfy the three pre-qualifying questions. You can also complete a simple application to apply for illness coverage, which is medically underwritten.

The Fundamental Series policy is typically ideal for:

  • Self-employed individuals or contract workers
  • Retail workers
  • Construction workers
  • Trades people (plumber, electrician, etc.)
  • Self-employed farmers
  • Seasonal workers

You are on: What's Covered

Coverage Details

With The Fundamental Series policy, disability income protection and return to work benefits are payable under the following conditions:

Expand Income Protection Benefits

Expand Accidental Medical Emergency Reimbursement Benefits

Expand Return to Work Assistance Benefits

Expand Elimination Period

Expand Summary of Exclusions*


You are on: Premiums

About Your Premiums

The premiums you pay will depend on your age, gender, smoking habits, occupation and options that you choose (for example, the amount of benefit purchased, the elimination period and maximum benefits period you select), and other underwriting guidelines.

As long as you pay your premiums as required, RBC Insurance cannot cancel your policy. While we do reserve the right to increase premiums, we cannot change your premiums unless we do so for an entire group of policyholders sharing similar characteristics.

Pay no premiums while you’re collecting benefits

Your disability insurance includes a Waiver of Premium benefit. This means that if you have been totally disabled for 30 continuous days or the length of the elimination period, whichever is longer, we will waive any premiums that become due while your monthly benefit is payable.

 

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.

 

* The information above is intended as a summary only. Please see a sample policy (opens new window) for complete details on terms and conditions, including benefits and exclusions.

1) Injury-only coverage is available if you satisfy a few pre-qualifying questions. You may also complete a short supplemental application to apply for illness coverage.

2) Some conversion restrictions apply.

 

Contact Us

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