Quantum Disability Insurance

You are on: Benefits

With the Quantum policy from RBC Insurance^®, you’ll have long-term disability income protection and valuable return to work benefits if you suffer a loss of earnings of at least 20% or more due to injury or illness⁽¹⁾.

The plan offers the following key benefits:

• Disability benefits: You will receive a specified monthly benefit if illness or injury causes a loss of earnings of at least 20%. (See What's Covered for details.)
• Guaranteed renewable to age 65: We cannot change or cancel the policy without your consent, up until you turn age 65. Premiums are level, but may be subject to change. However, we cannot change your premiums unless we do so for an entire group of policyholders sharing similar characteristics.
• Step rate premiums: If you are age 35 or younger, step rate premiums allow you to pay less while you’re getting your business or career off the ground.
• 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.
• Return to work assistance benefit: This benefit pays for services such as rehabilitation, work-site modifications and more to help enhance your ability to work.
• Recovery benefit: This benefit pays you the monthly benefit for up to 12 additional months while you continue to incur a loss of earnings of at least 20% if you: have been disabled for the later of 90 days or the waiting period; and are no longer disabled; and have returned to work in a reasonable occupation.
• 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 Quantum 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. (A one-time off-anniversary option is also available.)
• 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.
• Retirement Protector rider: The Retirement Protector rider helps you maintain deposits to a retirement savings plan (RSP) while you are totally disabled.

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 Quantum policy if you:

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

The Quantum policy is typically ideal for:

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

You are on: What's Covered

Coverage Details

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

Income Protection Benefits

Return to Work Assistance Benefits

Integration of 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 maximum benefit period you select), and other underwriting guidelines.

The Quantum policy offers two premium options:

• Level premiums
• Step rate premiums, 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.

Note: Premiums are subject to change. However, we cannot change your premiums unless we do so for an entire group of policyholders sharing similar characteristics.

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 Quantum policy is guaranteed renewable to age 65, which means we cannot change or cancel the policy without your consent.

From ages 65 to 75 and while employed full-time in a gainful occupation, you may continue the policy with a maximum benefit period of 24 months. After age 75, the maximum benefit period is 12 months.