RBC Insurance Long-term Care Insurance: A Closer Look

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This plan is no longer available effective June 23 2012. RBC Insurance is a leading provider of Long-term Care insurance in Canada. The plan that puts them ahead of the competition is divided into two components. The first is facility care, available to applicants from 30 to 80-years-old, and the second is home care, for applicants from 30 to 75-years-old.

The benefit amounts are paid on a daily basis and are available with minimum benefit amounts of $10/day and maximum benefit amounts of $300/day. The plan pays out if the insured is unable to perform two or more of the following six activities for daily living: bathing, transferring, toileting, eating and maintaining continence.


  1. RBC Insurance is the only carrier in the market to offer a premium guarantee after five years and there is a lifetime cap of a 50% increase on the original premium amount.

  2. Policies are paid up after 20 years, or once the insured turns 65, whatever is the longer of the two periods.


  1. The plan is a receipt-based plan, so the insured is not free to spend the benefit money any way s/he wishes and can only be reimbursed with receipts.

  2. The premiums are priced the same for males and females, which means males are paying a higher premium than they should and females are paying a lower premium than they normally would. All things being equal, on account of females living longer than males, women are more likely to file a Long-term Care claim.

The following is an example of pricing for a 60-year-old female, non-smoker:

$100/day benefit or $3,000/month of facility and home care coverage with a 90-day elimination period and a 5-year benefit.

Cost: $203.37/month

You can get additional quotes by visiting our Long-term Care Instant Quote Page or contacting us at 1-866-899-4849.

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  • LSM Insurance
    October 14, 2009 at 5:26 pm

    Hi Claudette,

    Thanks for the note. Based on the information you shared it will be difficult for your husband to qualify for Long Term Care. But I will send you an email shortly and will investigate things further. Regards … Lorne

  • Claudette
    October 14, 2009 at 3:19 pm

    My husband is 71 yrs. old and I am 68

    My husband has beeen diagnosed to have
    “stroke-related vascular diamentia”

    He has had two strokes ( memory loss) (personality)

    He did go in for “respite” for the first time for
    one week.