Health Insurance Advice - RBC Insurance

Our Personal Insurance Advice site allows you to explore the different ways personal insurance can help meet your needs. You'll also find money-saving tips, hints for making the most of your coverage and answers to common questions.

The longer we live, the more likely it is that, at some point, we'll face a health issue that threatens our ability to provide for ourselves and our loved ones. And while health insurance can't prevent a serious injury or illness from happening, it can help you maintain financial stability.

Safeguard your ability to earn an income.

If you're like most people, your lifestyle is maintained by employment income. Just a short period of time off work could very quickly exhaust your savings and jeopardize your assets—not to mention your future plans and goals. Even if you have employment benefits at work, it may not be enough to replace your income over the long term.

If you become disabled due to an injury or illness and are unable to return to work, disability income protection insurance can provide replacement income, allowing you to continue supporting yourself and your loved ones. Even more important, it can allow you to focus on recovery, knowing that some portion of your income is protected.

Get help coping with a critical illness.

When dealing with a critical illness, there is so much to consider: maintaining financial stability, finding excellent medical care and managing day-to-day needs, amongst other things.

Critical illness insurance can help you cope during a difficult period by providing a lump sum benefit that you can use any way you wish. For example, you can use this money to make alterations to your home, pay for everyday expenses or specialized medical treatment and more. Plus, at RBC Insurance^®, we can help you get the support you need by providing access to resources for daily living assistance and the best doctors worldwide.

Secure quality long-term care for yourself or loved ones.

Did you know that provincial health plans may not cover the entire cost of services associated with long-term care, even within subsidized facilities? In addition, there are often limits on the amount paid for care at home—and provincial plans vary widely from province to province and do not cover costs for private facility care.

To help ensure that you or your loved ones receive the services you want, consider long-term care insurance. It provides a daily benefit to pay for long-term health care costs not covered by a provincial plan, either in a health care facility or at home.

Ready to learn more?

Visit our Health Insurance site for details on your specific coverage options and to explore the benefits of choosing RBC Insurance.

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Call us at:

1-866-262-7920

In the event of disability, employer plans typically provide coverage for only two-thirds of your income. If this is true in your case, you may want to review your needs.

The best time to purchase disability income protection insurance is while you are healthy. It can be more difficult to obtain coverage after an accident or health issue arises.

Our critical illness insurance is unique in the industry. It gives you access to medical specialists and treatment centres, as well as information and resources to help you manage day-to-day activities.

Save 10% on long-term care insurance when you protect two or more people living under the same roof.

You can choose a long-term care plan that suits your needs, including care in a facility or care in your own home.

Next Tip

What kind of disability income protection insurance can I get?
We offer several plans to meet the needs of anyone who is employed, including high-income earners and small business owners.

How many years can I receive disability income protection benefits?
Depending on your plan (and occupation), options include 2 years, 5 years, 10 years or until you reach age 65 or 70.

How much critical illness insurance should I buy?
This depends on your unique financial situation. However, it's a good idea to think about how you might need to use the lump sum benefit.

What types of illnesses does critical illness insurance cover?
It covers major illnesses and diseases such as heart attack, stroke, life-threatening cancer, coronary artery disease and Alzheimer's disease.

How much long-term care insurance can I purchase?
When selecting your plan, you can choose benefits from $10 to $300 a day, as well as how long you want to receive benefits.

What's the home care benefit for long-term care insurance?
This reimburses you for the cost of a medically necessary long-term program in the home, as provided by a licensed nurse, an authorized home care agency or a private caregiver.

Next Question