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Calculate Your Critical Illness Insurance Needs

How much critical illness insurance coverage do you need?

Use this quick calculator to estimate how much critical illness insurance you might need. Enter your monthly income plus any other expenses that you would want to be covered by your policy's lump-sum benefit payment.

Note: This calculator is intended to provide estimates only. Please speak to a licensed RBC Insurance® advisor for a recommendation tailored to your critical illness insurance needs.

Monthly Income and Expenses Your Information
Monthly Income
(Estimate a minimum of 6 months salary, but account for any disability coverage you have.) $
(Estimate a minimum of 3 months salary for your spouse to take a leave of absence.) $
Monthly Expenses
(Estimate 6 months of payments.) $
(Estimate 6 months of payments.) $
(Estimate 6 months of payments.) $
Recovery Expenses
(For example: housecleaning or childcare services. Estimate 3 days per week for 6 months at $22 per hour.) $
(Estimate $10,000 minimum for modifications such as wheelchair ramps, grab bars, etc.) $
(Estimate $5,000 minimum for a wheelchair or other equipment.) $
(For example: transportation to treatments, hospital parking, etc. Estimate $50 per week for 3 months.) $
Total Expenses: $
Minimum Coverage Needed: $

Based on the estimates you provided, you would need a minimum of $0 in coverage. To meet your needs, we offer the following plans:

  • Critical Illness Recovery Plan™ Policy
    Provides flexible plan options and coverage between $25,000 and $2 million for a wide range of critical illnesses and conditions(1). (Available to Canadian residents age 18 through 65.)
  • Critical Illness Insurance Plan
    Provides coverage between $10,000 and $75,000 for cancer(2), heart attack or stroke(1). (Available to Canadian residents age 18 through 50.)

1) Benefit is paid when you are diagnosed with a covered critical illness, as defined in the policy, and satisfy the survival period, as defined in the policy.

2) Cancer is defined as the definite diagnosis of a tumour characterized by the uncontrolled growth and spread of malignant cells and the invasion of tissue. The diagnosis of Cancer must be made by a specialist. Exclusion: No critical illness benefit will be payable under Cancer for: carcinoma in situ; Stage 1A malignant melanoma (melanoma less than or equal to one millimetre (1.0 mm) in thickness, not ulcerated and without Clark level IV or level V invasion); any non-melanoma skin cancer that has not metastasized; or Stage A (T1a or T1b) prostate cancer.