Example: How Long-Term Care Insurance from RBC Insurance^® Can Help

Age 59: Jennifer purchased an RBC Insurance long-term care insurance policy. Her coverage included both facility and home care at a benefit of $60 per day, for five years. The monthly premium was $118.27⁽¹⁾.

Age 80: Jennifer required home-based care for two years and three months, then required facility care for an additional two years. After the 90-day elimination period, the premiums on her policy were waived and benefits payments began.

Premiums Paid: Jennifer paid premiums totalling $28,384.80

Benefits Paid: For the four years that she needed care, Jennifer's benefits totalled $87,600—her insurance saved her $59,215.20⁽¹⁾.

1) Based on a policy that provides a $60 benefit amount per day for facility and home care, a 5-year benefit period, a 90-day elimination period and a limited premium payment period of 20 years.