RBC Insurance Disability Insurance – Professional Series: product details, reviews, quote examples

    RBC Insurance Disability Insurance – Professional Series: How does it work:

    Similar to other disability insurance products, RBC Insurance Disability Insurance, Professional Series, provides insurance coverage in the form of regular monthly payments, should you become disabled and not be able to perform your job duties either temporarily or permanently. In some cases, you might be able to perform a part of your duties – in this case you may qualify for either residual disability or partial disability benefits.

    We have put together useful information about RBC Insurance Disability Insurance, Professional Series based on existing policies (note that this data can change without notice).  

    Contact us to get access to the most updated disability insurance information. 

    Who is covered by RBC Insurance Disability Insurance – Professional series:

    When selling disability insurance products, insurance companies look very carefully at your job and the likelihood of you being injured while doing your job. Some jobs are more dangerous than others, so insurers divide all possible occupations into insurance classes and often insure just a subset of them.  An overview below shows what insurance classes this particular insurance product covers. Don’t worry! If your occupation class is not covered, you still can qualify either for disability insurance products from other providers or for simplified issue disability insurance or guaranteed issue disability insurance products. Check the overview below to find out more.

    ClassJob descriptionCovered by this product
    Class 4ASpecific professions listed in the schedule and select business executives / white collar employees (with limited sales duties) who qualify. ✔  covered
    Class 3AMost “white collar” workers (office, clerical or light sales work); no manual duties.✔  covered
    Class 2ASkilled specialized workers who do not qualify for 3A. Duties are limited to sales, supervision and providing services. Farm owners (with minimum 20% ownership) are Class 2A Venture Series. ✔  covered
    Class ASkilled manual workers in the lighter trades and industries and some unskilled workers where duties are light and working conditions are favourable. To qualify, there must be no hazards from heat, chemicals, explosives, or heavy equipment/machinery. Does not include occupations where job stability may be a concern (e.g., fitness and beauty industries).  not covered
    (You can apply for a simplified issue or guaranteed issue products)
    Class BAll remaining insurable occupations, mainly those requiring heavy physical exertion such as unskilled or manual labourers, drivers of vehicles and jobs with significant accident risk. Also includes some occupations with light duties but where job stability may be of some concern (e.g. fitness and beauty industries.).  not covered
    (You can apply for a simplified issue or
    guaranteed issue  products)
    Uninsurable occupationsSome occupations are uninsurable due to unusual physical hazards (e.g., workers handling explosives) or because of a high degree of job instability (e.g., actors, writers, taxi drivers, etc.). not covered
    (You can apply for a guaranteed issue, product)

    RBC Insurance Disability Insurance: Pros and Cons


    • Wide choice of elimination periods (i.e. time in days after which you can start getting insurance payments): 30, 60, 90, 120, 730
    • No integration of benefits (however because of this other benefits can be reduced)


    • No coverage for higher risk occupations
    • No coverage for own occupation (e.g. for freelancers)
    • No coverage after the age of 65
    • No life time benefits available
    • Return of premiums not available

    RBC Insurance Disability Insurance: Important to know

    • Does not cover you if you are older than 65
    • Does not cover you if you worked for less than 2 years

    RBC Insurance Disability Insurance – Professional Series: Coverage

    The full disability benefits depend on your income e.g. for a pre-tax annual income of $40,000 your maximum monthly benefit could be around $2,375 representing ~71% of your income.

    For a pre-tax income of $120,000, your benefit can be around $5,860 (~59% of your income).

    Please note these numbers are approximate and can be different for your particular situation.

    It is also important to know that disability benefits are typically not stackable meaning that if you qualify for another disability benefit e.g. under your group coverage, your individual disability benefit will be reduced accordingly.

    In case of Partial Disability (based on time able to work) you receive 50% of your monthly benefit for the first 24 months and 25% for the remainder.

    RBC Insurance, Sample Disability Insurance quote for “The Professional Series”:

    • Male 25 years old
    • Non-smoker
    • Occupation class 3A (Most “white collar” workers (office, clerical or light sales work); no manual duties.
    • Income: $50,000
    • Elimination period: 90 days
    • Benefit period: to age 65
    • Benefit amount Non-Taxable: $3,000

    Insurance rate: $73.69 / month ($842 / month)

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