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
Loss of income from your job (Estimate a minimum of 6 months salary, but account for any disability coverage you have.)	$
Loss of income from spouse's job (Estimate a minimum of 3 months salary for your spouse to take a leave of absence.)	$
Monthly Expenses
Mortgage or Rent (Estimate 6 months of payments.)	$
Credit Card Payments (Estimate 6 months of payments.)	$
Loan and Other Debts (Estimate 6 months of payments.)	$
Recovery Expenses
Domestic Help (For example: housecleaning or childcare services. Estimate 3 days per week for 6 months at $22 per hour.)	$
Home Modifications (Estimate $10,000 minimum for modifications such as wheelchair ramps, grab bars, etc.)	$
Medical Equipment (Estimate $5,000 minimum for a wheelchair or other equipment.)	$
Miscellaneous (For example: transportation to treatments, hospital parking, etc. Estimate $50 per week for 3 months.)	$
Totals
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.