The Professional Series Disability Insurance

You are on: Benefits

With The Professional Series policy from RBC Insurance^®, you’ll have long-term disability income protection with customized return to work benefits, plus guaranteed level premiums to age 65.

The plan offers the following key benefits:

• Total disability benefits: You will receive a specified monthly benefit if illness or injury completely prevents you from working⁽¹⁾. (See What's Covered for details.)
• Partial and residual disability benefits: These benefits are designed to make your transition back to work easier if, as a result of injury or illness, you are only able to work part-time. (See What's Covered for details.)
• Non-cancellable to age 65: We cannot change the policy or premiums, or cancel the policy without your consent, up until you turn age 65. (Rates and benefit periods are subject to change after age 65.)
• Return to work assistance benefit: This benefit pays for services such as rehabilitation, work-site modifications and more to help you get back to your job.
• Recovery benefit: This benefit pays a portion of your monthly benefit for up to four months during your initial return to full-time work after a total or residual disability (two months for a partial disability), if you have a 20% or more decrease in earnings.
• Your choice of benefit periods: You decide the maximum period during which benefits may be paid to you: two years, five years or to age 65.
• Your choice of premiums: Select guaranteed level premiums until age 65 or, if you are 35 years or younger, step rate premiums, which allow you to pay less while you’re getting your business or career off the ground.
• Long-term care conversion option: From ages 55 to 65, you can convert all or a portion of your disability insurance coverage (up to $6,000 per month) to an equivalent amount of long-term care coverage, without having to provide evidence of good health⁽²⁾.
• Health Care Profession rider: If you are a qualified health care professional, we require that you add this rider at no cost to you. If you become HIV-impaired or hepatitis-impaired and, due to your impairment, you meet one of the conditions of the rider, you will be considered disabled. (We reserve the right to charge premiums in the future.)
• Portability: You can keep your policy even if you change jobs.

You may also choose from a range of optional benefits.

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 Disability Insurance Plans
• Disability Income Protection Insurance FAQs

You are on: Optional Benefits

Optional Coverage for Even More Protection

With The Professional Series policy, you can add this optional coverage:

• Additional monthly benefits: Depending on your particular needs, you may be eligible to add more coverage to your base coverage.
• Future Income option: To keep pace with your rising income, you may be eligible to purchase additional coverage on each policy anniversary date, up to age 55, without having to prove your health status.
• Cost of Living benefit: While you are disabled, our Cost of Living benefit protects you against inflation by ensuring that your monthly disability benefit is adjusted by the change in the Consumer Price Index (CPI), subject to limits.
• Disability in Your Occupation benefit: Depending on your occupation and other circumstances, you may be able to purchase this rider, which enhances your policy's definition of total disability to disregard participation in other occupations while you are totally disabled in your primary occupation.
• Retirement Protector rider: The Retirement Protector rider helps you maintain deposits to a retirement savings plan (RSP) while you are totally disabled.
• First Day of Hospitalization benefit: We will waive the waiting period for total disability as long as you satisfy the policy's definition of total disability and have been hospitalized for 72 consecutive hours. This ensures payment of the total disability benefit from the first day of hospitalization. (See What's Covered for details.)
• Accidental Death and Dismemberment benefit: If you sustain an accidental injury as outlined in your policy, or if you die as a result of an accident, you or your beneficiaries receive a specified benefit based on the type of injury.

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 The Professional Series policy if you:

• Are between the ages of 18 and 60, and
• Are a Canadian citizen or permanent resident/landed immigrant

The Professional Series policy is typically ideal for:

• High-income individuals who work on a fee-for-service basis (doctors, lawyers or accountants), or
• Non-salaried or salaried high-income professionals or executives

You are on: What's Covered

Coverage Details

With The Professional Series policy, disability income protection and return to work benefits are payable under the following conditions:

Income Protection Benefits

Return to Work Assistance Benefits

Survivor Benefits

Elimination Period

Summary of Exclusions*

You are on: Premiums

About Your Premiums

The premiums you pay will depend on your age, gender, smoking habits, occupation and options that you choose (for example, the amount of benefit purchased, the elimination period and the maximum benefit period you select), and other underwriting guidelines.

The Professional Series policy offers two premium options:

• Level premiums guaranteed to age 65 (we cannot change your premiums)
• Step rate premiums, which are available to those 35 and younger. By choosing step rate premiums, you’ll pay less while you’re getting your business or career off the ground. Step rate premiums are also guaranteed to age 65.

Pay no premiums while you’re collecting benefits

Your disability income protection insurance includes a Waiver of Premium benefit. This means that after 90 days of becoming disabled, you pay no premiums at all while you’re disabled. Plus, RBC Insurance will refund the premiums you paid during those first 90 days.

Renewing your policy

The Professional Series policy is non-cancellable to age 65. After that, it is renewable for life if your premiums are paid as required. Rates and benefit periods are subject to change after age 65.

Your renewal options after age 65 are:

• Up to age 75 and while employed full-time in a gainful occupation, you may continue the policy with a total disability benefit only with a maximum benefit period of 24 months. After age 75, the maximum benefit period is 12 months.
• If not employed full-time, you may elect a $100 per day benefit payable while confined to a hospital. The maximum benefit period for hospitalization is six months.