{"id":507,"date":"2022-11-03T01:16:09","date_gmt":"2022-11-03T05:16:09","guid":{"rendered":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/?page_id=507"},"modified":"2023-06-22T15:33:35","modified_gmt":"2023-06-22T19:33:35","slug":"living-benefits","status":"publish","type":"page","link":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/living-benefits\/","title":{"rendered":"Living benefits insurance"},"content":{"rendered":"\n

Living benefits insurance<\/span><\/h1>What we offer<\/span><\/span>
\n

Recovering from a serious accident or illness or requiring long-term care may have lasting financial repercussions. Explore options designed to help ease your financial burden.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n

\n
\n

Many people understand the value of life insurance\u2014it provides your family or business with financial protection when you die. Yet few consider what may happen if they have a serious accident or illness.<\/p>\n\n\n\n

Fortunately, advances in medicine make it possible to not only survive but eventually resume a meaningful lifestyle. Unfortunately, you may be left without regular income, which could deplete your savings. Plus, your family may be faced with additional costs when, due to illness or aging, you can no longer take care of yourself.<\/p>\n\n\n\n

Living benefits insurance helps provide financial resources when the unexpected happens. Let us guide you through your options.<\/p>\n\n\n\n

Disability insurance<\/h2>\n\n\n\n

Help protect your earnings if you can\u2019t work.<\/p>\n\n\n\n

The basics<\/h3>\n\n\n\n

It makes sense to protect your most valued assets against fire and theft with insurance coverage. Yet, if you added up the value of everything you have insured, the figure would pale in comparison to the value of your biggest asset\u2014your ability to earn an income.<\/p>\n\n\n\n

Disability insurance replaces a portion of your salary if sickness or injury prevents you from working for a sustained period of time. It helps you maintain your lifestyle when not receiving your regular income.<\/p>\n\n\n\n

Business owners may want to consider this type of insurance to cover essential monthly expenses should they become disabled and unable to work.<\/p>\n\n\n\n

Critical illness insurance<\/h2>\n\n\n\n

Help ease the burden of a costly medical condition.<\/p>\n\n\n\n

The basics<\/h3>\n\n\n\n

While you may have insurance coverage for when you pass away, what happens when you\u2019re diagnosed with a critical illness? A severe illness or disease may require additional care, accommodations and a change of pace, which may cause a substantial financial drain on your resources.<\/p>\n\n\n\n

Critical illness insurance is designed to give people the opportunity to recover and resume a meaningful lifestyle without the added burden of incurring debt. Proceeds from the policy\u2014a one-time lump sum payment\u2014may be used at your discretion. Some people use the funds to receive specialized care quickly, travel with loved ones, finance a leave from their business or modify their home.<\/p>\n\n\n\n

Business owners may want to consider this type of insurance to cover business expenses associated with the loss of a key employee due to a critical illness.<\/p>\n\n\n\n

Long-term care insurance<\/h2>\n\n\n\n

Take care of the expense of having others care for you.<\/p>\n\n\n\n

The basics<\/h3>\n\n\n\n

We\u2019re living longer. Each year, thousands of Canadians face the reality of needing long-term care services\u2014either for themselves or for a family member. The government may provide some assistance, but there are limitations. The key is to be prepared for what may come.<\/p>\n\n\n\n

Long-term care insurance provides the funds necessary to pay for additional health care when you can no longer care for yourself. These funds may cover the cost of home visits from a qualified individual or a room at a public or private care facility.<\/p>\n<\/div><\/div>\n\n\n\n

<\/div><\/div>\n
\u201c<\/span><\/div>\n
\u201cOur clients are great at making and saving money, and my estate planning specialist is great at taking what my clients have built and helping them to protect, grow and transition it to the next generation. This is an essential part of the wealth management process that adds to the success of an already-successful client.\u201d<\/blockquote>
\n

Devin St. Louis
<\/strong>Senior Portfolio Manager and Wealth Advisor
St. Louis Private Wealth
RBC Dominion Securities Inc.<\/p>\n<\/figcaption><\/figure>\n<\/div><\/div><\/div>\n<\/div>\n<\/div><\/div><\/section>\n\n\n\n

\n

Let\u2019s talk about your financial future<\/span><\/h3>
\n

Connect with RBC Wealth Management Financial Services or speak with your RBC advisor* to learn more about insurance planning.<\/p>\n\n\n\n

*Advisors at RBC Dominion Securities or RBC Phillips, Hager & North Investment Counsel can assist you with insurance planning.<\/p>\n<\/div><\/div><\/div><\/div><\/div>

<\/i><\/div>Contact us<\/span><\/a><\/div><\/div>\n<\/div><\/div><\/div><\/section>\n\n\n\n
\n
\n
\n\n

Helpful resources<\/h2>\n\n<\/div>\n\n\n\n
\n

<\/p>\n<\/div>\n<\/div><\/header>\n\n\n\n\t\t

\n\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\n
\n\t
\n\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t\t\t

I’m good, I’m single: The realities of why you need insurance<\/span><\/span><\/h3>\t\t\t\t\n\t\t\t\t\tInsurance\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t6 minute read\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t<\/i>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t– I’m good, I’m single: The realities of why you need insurance<\/span>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\t\t\t\t\t\n
\n\t
\n\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t\t\t

Annuities and retirement: Top five things individuals need to know<\/span><\/span><\/h3>\t\t\t\t\n\t\t\t\t\tRetirement\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t7 minute read\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t<\/i>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t– Annuities and retirement: Top five things individuals need to know<\/span>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n
\n\t
\n\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t\t\t

Is insurance the missing piece in your wealth-transfer puzzle?<\/span><\/span><\/h3>\t\t\t\t\n\t\t\t\t\tWealth planning\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t5 minute read\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t<\/i>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t– Is insurance the missing piece in your wealth-transfer puzzle?<\/span>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<\/i>\n\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tBrowse our resources\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t<\/div><\/div><\/div><\/section>\n\n\n\n
\n
\n\n

More insurance solutions<\/h2>\n\n<\/div><\/header>\n\n\n\n
\n
\n

Life insurance<\/span><\/h3>
<\/blockquote><\/em><\/div>

Provide financial security for your loved ones and other beneficiaries when you pass away. Discover solutions that may also protect the value of your estate from taxes.<\/p><\/div><\/div><\/div>Grow<\/span>

<\/i><\/div><\/a><\/div><\/div><\/div><\/div>\n\n\n\n

Income wealth solutions<\/span><\/h3>
<\/blockquote><\/em><\/div>

Are you looking for ways to enhance your income and diversify your portfolio? Discover products that offer guaranteed income, investment protection and tax efficiency.<\/p><\/div><\/div><\/div>Grow<\/span>

<\/i><\/div><\/a><\/div><\/div><\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":29,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"editor_notices":[],"footnotes":""},"rbcwm_content_owner":[],"class_list":["post-507","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nLiving benefits insurance - RBC Wealth Management Financial Services<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/living-benefits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Living benefits insurance - RBC Wealth Management Financial Services\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/living-benefits\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Wealth Management Financial Services\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-22T19:33:35+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/insurance-solutions\\\/living-benefits\\\/\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/insurance-solutions\\\/living-benefits\\\/\",\"name\":\"Living benefits insurance - RBC Wealth Management Financial Services\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/#website\"},\"datePublished\":\"2022-11-03T05:16:09+00:00\",\"dateModified\":\"2023-06-22T19:33:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/insurance-solutions\\\/living-benefits\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/insurance-solutions\\\/living-benefits\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/insurance-solutions\\\/living-benefits\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What we offer\",\"item\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/insurance-solutions\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Living benefits insurance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/#website\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/\",\"name\":\"RBC Wealth Management Financial Services\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/#organization\",\"name\":\"RBC Wealth Management Financial Services\",\"alternateName\":\"RBC Wealth Management Financial Services\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2022\\\/11\\\/rbc.png\",\"contentUrl\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2022\\\/11\\\/rbc.png\",\"width\":3000,\"height\":2000,\"caption\":\"RBC Wealth Management Financial Services\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagementfinancialservices.com\\\/en-ca\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Living benefits insurance - RBC Wealth Management Financial Services","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/living-benefits\/","og_locale":"en_US","og_type":"article","og_title":"Living benefits insurance - RBC Wealth Management Financial Services","og_url":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/living-benefits\/","og_site_name":"RBC Wealth Management Financial Services","article_modified_time":"2023-06-22T19:33:35+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/living-benefits\/","url":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/living-benefits\/","name":"Living benefits insurance - RBC Wealth Management Financial Services","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/#website"},"datePublished":"2022-11-03T05:16:09+00:00","dateModified":"2023-06-22T19:33:35+00:00","breadcrumb":{"@id":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/living-benefits\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/living-benefits\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/living-benefits\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/"},{"@type":"ListItem","position":2,"name":"What we offer","item":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/insurance-solutions\/"},{"@type":"ListItem","position":3,"name":"Living benefits insurance"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/#website","url":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/","name":"RBC Wealth Management Financial Services","description":"","publisher":{"@id":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/#organization","name":"RBC Wealth Management Financial Services","alternateName":"RBC Wealth Management Financial Services","url":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/11\/rbc.png","contentUrl":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/11\/rbc.png","width":3000,"height":2000,"caption":"RBC Wealth Management Financial Services"},"image":{"@id":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-08-02 03:13:15","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"rbcwm_content_owner","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"RBC Wealth Management Financial Services","distributor_original_site_url":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca","push-errors":false,"last_revision_date":"2023-06-22 15:33:35","_links":{"self":[{"href":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-json\/wp\/v2\/pages\/507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-json\/wp\/v2\/comments?post=507"}],"version-history":[{"count":36,"href":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-json\/wp\/v2\/pages\/507\/revisions"}],"predecessor-version":[{"id":2994,"href":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-json\/wp\/v2\/pages\/507\/revisions\/2994"}],"up":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-json\/wp\/v2\/pages\/29"}],"wp:attachment":[{"href":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-json\/wp\/v2\/media?parent=507"}],"wp:term":[{"taxonomy":"rbcwm_content_owner","embeddable":true,"href":"https:\/\/www.rbcwealthmanagementfinancialservices.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_content_owner?post=507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}