Critical Illness Recovery Plan Policy

You are on: Benefits

Our Critical Illness Recovery Plan policy provides a lump-sum benefit payment and valuable assistance services to help you and your family cope with the financial and non-financial challenges of a wide range of serious illnesses and conditions.

The plan offers the following key benefits:

• Your choice of a lump-sum benefit amount ranging between $25,000 and $2 million—to be used any way you wish
• Coverage for over twenty serious illnesses and conditions⁽¹⁾
• Valuable assistance services (see below)
• A range of flexible premium and term options
• Optional benefits for even more protection

How much critical illness insurance do you need?

Assistance services

In addition to the lump-sum benefit payment, this plan includes a unique combination of assistance services that can help you and your family better cope with the emotional stress and challenges of a critical illness:

• Best Doctors^®* Service: An authoritative resource for medical information and advice, Best Doctors helps take the guesswork out of finding the right medical care by giving you access to the best specialists worldwide and answers to complex medical questions.
• Daily Living Assistance: Obtain information and resources to help you and your family manage day-to-day activities. This includes access to your very own care coach, a specially trained consultant who will work with you to develop a plan to help you manage day-to-day activities.
• “The Healing Journey” Program: Receive support to help deal with the stress associated with a critical illness.
• Early Assistance Benefit: Without reducing your critical illness benefit for future claims, you can receive 10% of your benefit (to a maximum of $50,000) if you are diagnosed with and satisfy the survival period for early prostate, breast or skin cancer or coronary angioplasty. The Early Assistance benefit is payable only once.
• Long-Term Care Conversion Benefit: From age 55 to 65, you can convert all or a portion of your critical illness coverage to long-term care insurance without having to submit proof of insurability.

The information above is intended as a summary only. Your policy will contain complete details on terms and conditions, including benefits and exclusions.

For more information:

• Compare Critical Illness Insurance Plans
• Critical Illness Insurance FAQs

You are on: Optional Benefits

Optional Coverage for Even More Protection

Custom-tailor your Critical Illness Recovery Plan policy with this additional coverage that you can purchase:

• Return of Premium: Your policy can refund 50% of your premium payments at the later of your 10^th policy anniversary or when you reach age 55. You may elect to either fully or partially terminate your Critical Illness Recovery Plan policy. The refund amount increases by 5% each year until it reaches 100% at your 20^th policy anniversary or you turn 65.
• Return of Premium on Expiry: This rider can refund 100% of your premium payments when you turn age 75 and your plan expires⁽²⁾.
• Scheduled Increase Benefit: On every second policy anniversary, your benefit amount increases by 20% of the original amount, for 10 years.
• Loss of Independent Existence Benefit: Provides financial protection for some of the costs associated with severely debilitating medical problems that leave you unable to carry out two or more activities of daily living , as defined in the policy, or if you become cognitively impaired, as defined in the policy⁽³⁾.
• Disability Waiver of Premium Benefit: After you have been disabled (as defined by the policy) for 90 consecutive days, RBC Insurance will pay the premiums that come due while you are disabled. We also refund the premiums paid during those first 90 days.
• Limited Premium Payment Option: Available only with the “Level Premiums to Age 75” plan. With this option, you can accelerate your premium payments to age 65, while your coverage remains in force until you reach age 75.
• Return of Premium on Death: If you die while the policy is in force, we will refund all of the premiums you have paid.

The information above is intended as a summary only. Your policy will contain complete details on rider and optional coverage terms and conditions, including benefits and exclusions.

You are on: Eligibility

Eligibility Requirements

You are eligible to apply for our Critical Illness Recovery Plan policy if you:

• Are between the ages of 18 and 65, and
• Are a Canadian citizen or permanent resident/landed immigrant who has been in Canada for more than 12 months, and
• Have not been diagnosed with, or have been treated for certain medical conditions

You are on: What's Covered

Covered Conditions

The Critical Illness Recovery Plan policy provides a lump-sum benefit if you are diagnosed with any of the following critical illnesses or conditions, as defined in the policy, and satisfy the survival period, as defined in the policy:

Summary of Exclusions*

Survival Period

Waiting Period for Cancer

You are on: Premium & Term Options

Your Premium and Term Options

With the Critical Illness Recovery Plan policy, your premium will depend on your age, gender, health and options that you choose, including the lump-sum benefit amount, term, optional coverages, and more.

You can choose from several premium and term options:

• Level premiums to age 100 (non-cancellable): We will not change the plan benefits or premiums from those stated in the policy.
• Level premiums to age 75 (non-cancellable): We will not change the plan benefits or premiums from those stated in the policy.
• Level premiums to age 65 or 75 (guaranteed renewable): We will not change the plan benefits, but the premiums may be subject to change.
• 10-year term renewable to age 75: Premiums are regularly scheduled to change every 10 years.

Non-Cancellable vs. Guaranteed Renewable

A non-cancellable plan means that as long as your premiums are paid, we cannot change the provisions or premiums, or cancel the policy.

A guaranteed renewable plan means that as long as your premiums are paid, we cannot cancel the policy. At our discretion, we may change future renewal premiums. However, we cannot change the premium unless we do so for an entire group of policyholders sharing similar characteristics.