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Welcome to RBC Insurance® Guarantee Standard Issue® Plan (GSI)

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Your Critical Illness Guarantee Standard Issue Plan

This overview is prepared to help you understand your Critical Illness Guarantee Standard Issue plan. It is not a contract or an offer to provide insurance. If and when your policy is issued, complete insurance coverage details will be made available in your policy, and the terms and conditions of your policy will take precedence over any information in this document.

Some exclusions and limitations may apply to your coverage. You may request a sample policy from us through your employer before the policy is issued. You will have ten (10) days from the day you receive your issued policy to examine its provisions. If you are not satisfied, you can return it to RBC Life Insurance Company (RBC Life) and any premium paid will be refunded. You may also cancel your policy at any time after that ten (10) day period.

Your critical insurance coverage
Plan Types
Optional Riders
Built-in Benefits
Your Premiums
Exclusions and Limitations

Your critical insurance coverage

Allowing you the independence to make meaningful decisions about your physical and financial recovery and protect your standard of living, the Critical Illness Guarantee Standard Issue plan provides a lump sum benefit if, while the policy is in force, you are diagnosed and survive one of the insured critical illnesses as defined in the policy. The waiting period before the critical illness benefit is payable is usually 30 days, unless otherwise specified in the definition of the critical illness. The critical illness benefit is payable to the insured unless the policyowner has declared otherwise. The lump sum will be equal to the critical illness benefit less any benefits already paid under the Functional Independence rider (if purchased). Upon payment of the lump sum critical illness benefit, coverage under the policy will terminate.

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Plan Types 

Level Term to 65 Guaranteed Renewable
Level Term to 75 Guaranteed Renewable

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Optional Riders

Functional Independence - available on all plans
Return of Premium on Expiry - available on all plans
Disability Waiver of Premium - available on all plans

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Built-in Benefits

Lump Sum Benefit

The qualification for the lump sum benefit is not dependent on your inability to work, proof of reduction in income, or proof of expense incurred.

Insured Critical Illnesses

This plan provides a lump sum benefit as early as thirty (30) days after you meet the policy definition of any of the following insured critical illnesses:

   Alzheimer Disease     Major Organ Transplant
   Benign Brain Tumour*       Motor Neuron Disease**
Blindness Multiple Sclerosis
Coma Occupational HIV Infection***
Coronary Artery Bypass Surgery      Paralysis
   Deafness    Parkinson’s Disease
Heart Attack Severe Burns
Kidney Failure Stroke
Life Threatening Cancer
Loss of Limbs
Loss of Speech

Assistance Services

The Critical Illness Guarantee Standard Issue plan doesn’t just provide a claim cheque. It includes an array of Assistance Services, designed to assist your recovery by addressing a common need amongst individuals diagnosed with a critical illness.

Best Doctors®
Daily Living Assistance
Healing the Whole Person

These services are all provided at no additional cost and can be used at your discretion.

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Your premiums

Your premium amount will be set once your coverage is underwritten. The amount of your initial premium will be specified in your policy when it is issued. 

While you remain employed with your current employer, premiums are payable monthly. If you leave your current employment and continue your coverage under this policy, you will then have the option of paying your premiums monthly or annually. The monthly premium will be calculated by multiplying the annual premium by 0.09.

We can, at our discretion, change the premiums required from the policyowner under this policy. However, we only can do this when we make the same rate change for an entire group of policyowners, and where the relevant policies, policyowners and/or the persons insured under the policies share a characteristic or combination of characteristics that we determine to be material to our risk under the affected policies. Also, we cannot increase the premiums for this policy more than once in any 12 month period. We will give the owner at least 31 days written notice of any premium increase.

If you wish to change from Smoker rates to Non-smoker rates after your policy is issued, or if you wish to reinstate your coverage after it terminates due to non-payment of premium, we reserve the right to request evidence of insurability satisfactory to us. A service fee may apply.

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Exclusions and Limitations

1. No benefits are payable for any claim that arises, directly or indirectly, from any of the following:   

   the insured’s attempt to take their own life or to injure themselves, whether or not they are in possession of their mental faculties;  
the insured’s commission or attempted commission of a criminal offence;
the insured’s intentional use or intake of any drug, poisonous substance, intoxicant or narcotic, other than as prescribed and administered by or in accordance with the instruction of a physician or as directed by the manufacturer, in the case of non-prescribed medication;
war (whether declared or undeclared), hostile action of the armed forces of any country, insurrection or civil commotion, whether or not the insured participated in the war, hostile action, insurrection or civil commotion; or
the insured’s operation or control of any land, water or air conveyance which is moved or operated by any means other than their own muscular power, while their blood alcohol concentration is in excess of 80 mg of alcohol per 100 ml of blood.

2. No benefit is payable for or during any period that the insured is incarcerated in a jail, prison or other similar facility. 2. No benefits are payable for any condition, and this policy will automatically terminate, if, within 90 days following the later of the issue date and the date of the last reinstatement, the insured:

   is diagnosed with cancer;   
has any sign or symptom of cancer that becomes first manifest; or has any medical investigation initiated and subsequently leads to a diagnosis of cancer. 

The above exclusion will not apply if the policy is accompanied by the Cancer Exclusion Amendment.

3. No benefits are payable if the specific definition(s) as set out in this policy are not met.

Pre-Existing Conditions Limitation

Benefits are not payable under this policy for an Insured Critical Illness or an Other Insured Condition at any time during the 24 consecutive months immediately before the later of the date this policy came into force and the date it was reinstated after a lapse. However, this limitation does not apply to an Insured Critical Illness or an Other Insured Condition that are diagnosed more than 24 consecutive months after the later of the date this policy came into force and the date it was reinstated after a lapse.

For further details on this limitation, please refer to the Pre-Existing Condition Amendment included with your policy

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*This condition was made available effective July 2002. If your policy has an effective date prior to July 2002, please check your policy to confirm whether coverage is available for this condition.

**This condition was made available effective October 2000. If your policy has an effective date prior to October 2000, please check your policy to confirm whether coverage is available for this condition.

***This condition was made available effective October 1999. If your policy has an effective date prior to October 1999, please check your policy to confirm whether coverage is available for this condition.

 

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Critical Illness
(August 2014)
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Critical Illness
(January 2009)
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Critical Illness 
(May 2007)
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Critical Illness 
(prior to May 2007)
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Long Term Care

Disability GSI Plans
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Bridge Series
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Foundation Series
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Professional Series
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Quantum

Related Links

Disability Waiver of Premium
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Functional Independence
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Return of Premium on Expiry
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