1 Individual Income Protection When you protect your income, you protect what matters most.
2 What s your most valuable asset? You may think that your home, car, or investment account is the most valuable thing you own. But we believe that your most valuable asset is your ability to make a living. Without it, you wouldn t be able to enjoy all the things that make your lifestyle possible. Can you put a price on this? The chart below measures your earning potential over time. Your health is your wealth Based on your current annual income, these are your potential earnings to age 65, assuming a 5% increase each year. At age $24,000 $36,000 $48,000 $60,000 $72,000 $84,000 $96,000 $120,000 $180, ,899,195 2,738,281 2,585,029 2,439,075 2,300,072 4,348,792 4,107,421 3,877,544 3,658,613 3,450,108 5,798,389 5,476,561 5,170,058 4,878,151 4,600,143 7,247,986 6,845,701 6,462,573 6,097,688 5,750,179 8,697,584 8,214,842 7,755,087 7,317,226 6,900,215 10,147,181 9,583,981 9,047,602 8,536,764 8,050,251 11,596,778 10,953,122 10,340,116 9,756,301 9,200,287 14,495,973 13,691,403 12,925,146 12,195,377 11,500,359 21,743,960 20,537,105 19,387,719 18,293,065 17,250, ,167,687 2,041,607 1,921,531 1,807,172 1,698,259 3,251,531 3,062,411 2,882,296 2,710,758 2,547,388 4,335,375 4,083,214 3,843,061 3,614,344 3,396,518 5,419,218 5,104,018 4,803,826 4,517,930 4,245,647 6,503,062 6,124,821 5,764,592 5,421,516 5,094,777 7,586,906 7,145,625 6,725,357 6,325,102 5,943,906 8,670,750 8,166,428 7,686,122 7,228,688 6,793,036 10,838,437 10,208,036 9,607,653 9,035,860 8,491,295 16,257,656 15,312,053 14,411,479 13,553,790 12,736, ,594,532 1,495,745 1,401,662 1,312,059 1,226,723 2,391,799 2,243,618 2,102,493 1,968,089 1,840,084 3,189,065 2,991,490 2,803,324 2,624,118 2,453,446 3,986,331 3,739,363 3,504,155 3,280,148 3,066,807 4,783,597 4,487,235 4,204,986 3,936,177 3,680,169 5,580,863 5,235,108 4,905,817 4,592,207 4,239,530 6,378,129 5,982,980 5,606,648 5,248,236 4,906,892 7,972,662 7,478,726 7,008,310 6,560,296 6,133,615 11,958,993 11,218,089 10,512,465 9,840,443 9,200, ,145,450 1,068, , , ,262 1,718,176 1,602,072 1,491,497 1,386,188 1,285,893 2,290,901 2,136,096 1,988,663 1,848,250 1,714,524 2,863,626 2,670,120 2,485,829 2,310,313 2,143,155 3,436,351 3,204,144 2,982,994 2,772,375 2,571,786 4,009,076 3,738,168 3,480,160 3,324,438 3,000,417 4,581,801 4,272,192 3,977,326 3,696,501 3,429,048 5,727,252 5,340,240 4,971,658 4,620,626 4,286,311 8,590,878 8,010,360 7,457,486 6,930,939 6,429, , , , , ,780 1,190,374 1,099,404 1,012, , ,670 1,587,166 1,465,872 1,350,354 1,240,338 1,135,560 1,983,957 1,832,340 1,687,943 1,550,422 1,419,450 2,380,749 2,198,808 2,025,532 1,860,506 1,703,339 2,777,540 2,565,276 2,363,120 2,170,591 1,987,229 3,174,332 2,931,744 2,700,709 2,480,675 2,771,119 3,967,915 3,664,681 3,375,887 3,100,844 2,838,900 5,951,872 5,497,021 5,063,830 4,651,266 4,258, , , , , , , , , , , , ,804 1,035, , , , , ,739 1,294,714 1,175,918 1,062, , , ,674 1,553,657 1,411,102 1,275,335 1,146,033 1,022, ,608 1,812,599 1,646,285 1,487,891 1,337,039 1,193,370 1,056,543 2,071,542 1,881,469 1,700,446 1,528,044 1,363,852 1,207,478 2,589,428 2,351,838 2,125,558 1,910,056 1,704,815 1,509,348 3,884,142 3,527,754 3,188,337 2,865,083 2,557,222 2,264,021
3 What are the odds? Naturally, we all like to assume that nothing serious will ever happen to us, or interfere with our most valuable asset: the ability to earn a living. But the fact is that things can happen to anyone, and the statistics tell the real story: A 35-year-old has a 50% chance of a disability lasting 90 days or longer. 1 1 in 4 Canadians will contract heart disease. 2 Of those diagnosed with heart disease, 1 in 2 are under the age of Here, at various ages, are the chances of incurring a 90 day or greater total disability prior to age 65. PROBABILITY OF 90 DAY DISABILITY PRIOR TO AGE 65 58% 54% 50% 45% 40% What are the time frames? If your disability lasts longer than 90 days, the average length will be: 1 Age Duration Age Duration years years years years years years years years Imagine the ramifications of being disabled and without earnings for more than three years. No matter how successful your career had been to that point, your living expenses and other financial obligations might quickly exhaust your savings and jeopardize the very assets you d worked so hard to build. 33% 23% CURRENT AGE Commissioners Individual Disability Table A. 2 Heart and Stroke Foundation What are you protecting? odds of long term disability vs. death* You may have several insurance policies, and each one protects something different: your life, home, car, or valuables. But none of these would help if you became disabled. Disability insurance is designed to provide income if you sustain a serious illness or injury. It allows you and your family to maintain your lifestyle during a difficult period. 2.7 to to to to to 1 How likely are you to suffer a long term disability that lasts more than 90 days? Surprisingly, the statistics show that you re more likely to become disabled than to die prematurely. AGE Disability Death * Society of Actuaries, 1980 and 1985.
4 Long term disability: financial consequences There s less money coming in and more going out. It s a dangerous situation. Your income plummets while you can t work, yet your expenses are growing. In addition to your regular costs of living, you must also cover medical expenses and other bills related to your disability. Healthy (working) disabled (not working) INCOME SAVINGS DEBT A disability can be financially draining over the long haul. Consider how much money you d lose if you couldn t earn an income because of a disability that lasted until you were 65. EXPENSES Options for replacing lost income There really aren t many ways to replace the income you d lose if you became disabled. This table presents a few ideas, observations, and key questions raised by each option. How comfortable would you be with any of these? OPTIONS Savings Non-liquid assets Loans Other household sources of income Canada/Quebec Pension Plan Disability Benefit Group Long-Term Disability Insurance Individual Disability Insurance OBSERVATIONS It takes a long time to build up a significant savings reserve. Some have value beyond their monetary worth. Borrowing isn t always easy or possible. Your spouse s income will have to suffice. To qualify, you must sustain a severe and indefinite mental or physical disability and be unable to work at any occupation. A good start, but if you re highly compensated, it may not cover enough of your income. A sensible option that gives you the control, peace of mind and comprehensive protection you and your family deserve. Questions How quickly would your savings be depleted if you had to live off them? Would you get full value for them? Could you ever replace them? Would you qualify? How and when could you pay back a loan? What about the emotional burden? Could you maintain your family s lifestyle? Would you be among the applicants who never collect a cent? Will your policy replace enough income, and for a long time period, to ensure your lifestyle? For more information, please visit Take a moment to consider You may be one of the millions of working Canadians with little or no income protection who qualify for disability income insurance. This is an important plan to consider, since it can protect your income if an illness or injury takes you out of the workforce. This protection is the best way to ensure that your expenses will be met, without jeopardizing your family s financial security. Getting started is simple. Simply contact an RBC Insurance representative for details about this or any of our products and services.
5 What would it take to replace your lost earnings? Fill in the blanks to estimate the costs you d have to cover if you became disabled. Expenses Worksheet Mortgage or Rent $ How would you replace lost income? Group coverage? Even if you have group benefits, they may not be adequate over the long term. Many group plans may only replace about half of your net income. Would that be enough? Your savings? You could save 5% of your income every year for 10 years. But those savings could quickly become depleted after only one year of having a disability. What would you do after that? Spouse or family? Would one income be enough to cover the expenses previously covered by two wage earners? Could your spouse (or supporting family member) continue to earn as much money while juggling the responsibilities of their job, running a home, and caring for you? Property Taxes $ Property Insurance $ Food $ Clothing $ Utilities $ Medical Expenses $ Credit Payments $ Auto Expenses $ Auto Insurance $ Home Maintenance $ Life Insurance $ Educational Expenses $ Retirement Savings $ Miscellaneous $ Borrowing? Getting a loan isn t always easy or possible. Would you qualify? How and when could you repay a loan? TOTAL (Monthly income needed) $ The Solution: Individual Income Protection This is the sensible option that gives you the control, peace of mind, and comprehensive protection you and your family deserve. To learn more, speak with your insurance advisor today.
6 About RBC Insurance RBC Insurance, through its operating entities, provides a wide range of travel, life, health, home, auto, wealth, and reinsurance products and solutions, as well as creditor and business insurance services, to individual and group clients. RBC Insurance has more than five million clients in Canada, the U.S., and internationally. We are the largest Canadian bank-owned insurance group of companies and among the fastest growing insurance organizations in the country. We have a significant presence in life and health markets with offerings that include various life, critical illness, disability, and long-term care insurance solutions, as well as group benefits. Our wealth management solutions include segregated funds and payout annuities. For more information, please visit Underwritten by RBC Life Insurance Company / Trademark(s) of Royal Bank of Canada. Used under licence. VPS (03/2012)
RBC Insurance Wage Loss Replacement Plan Protect your employees and save money Contents Protect your employees and save money 1 What is a WLRP? 2 Why implement an RBC Insurance WLRP? 2 The advantages as
Insurance Protecting your family with insurance: How RBC Royal Bank can help At RBC Royal Bank, we know that you ve worked hard to get here and build a new life. Insurance helps protect what you have from
Guarantee Standard Issue Program Overview 2 Guarantee Standard Issue Table of contents What is the GSI program? Pg. 3 Program facts and advantages Pg. 5 Selecting coverage under the GSI program Pg. 6 Underwriting
Income Protection Disability Insurance Pillar Series Income Protection Protect your income in the event of disability Pillar Series disability insurance is affordable personal income protection designed
Business Loan Protector Insurance Advisor Guide For advisor use only. PLAN CODE: 958 periodic pay; 958L lump sum PRODUCT TYPE Business protection PURPOSE AND MARKET The Business Loan Protector policy has
> A Lifetime of Financial Security and Peace of Mind Insurance solutions to meet your personal and business needs ASSANTE ESTATE AND INSURANCE SERVICES INC. Introducing Assante Estate and Insurance Services
1 paycheque away 24 Solut!ons for financial planning The benefits of a bundled insurance solution Lucy is a single mom with a seven-year-old daughter. She has a good job as a health claims administrator,
Because life happens You can t predict the future but you can protect it John and Christa, both 34 years old and parents of five-year-old Jack, live a life typical of many middle-income Canadian families.
Individual Disability Income Insurance Your Lifestyle and Retirement Dreams Depend on Your Ability to Work and Earn an Income Are You Protecting Your Income? the importance of your INCOME and protecting
Personal LONG-TERM CARE INSURANCE Questionnaire I. PERSONAL GOALS These are some of the primary reasons people buy Long-Term Care insurance. Do these apply to you? I consider it important to be able to
U NDERSTANDING THE NEED FOR INCOME PROTECTION C USTOMIZED F INANCIAL S OLUTIONS P ERSON BY P ERSON. What is your greatest asset: Your home? Business? Investments? They re all vital to your lifestyle, and
Transamerica Layered Insurance Strategy It doesn t matter where your story begins it only matters where you re going. Imagine your life if things never changed. If everything stayed exactly as it is today.
Family protection made easy A guide to life assurance This product is provided by Irish Life Assurance plc. AIB has chosen Irish Life, Ireland s leading life and pensions provider, to provide its customers
Mutual of Omaha Insurance Company Disability Income Choice Portfolio SM MC34442 While many workers have group disability coverage through an employer, it often covers only 50 to 60 percent of their pay.
Shedding light on Life insurance a practical guide to helping you achieve a lifetime of financial security Learn more about: Safeguarding your loved ones Protecting your future Ensuring your dreams live
Why do I need protection? What s inside 3 Life cover 4 Critical illness cover 7 Income protection 8 Who else would you rely on? 10 It might cost less than you think 12 A word from your adviser... Introduction
The QUESTIONS and ANSWERS on DISABILITY INSURANCE WORKBOOK A STEP- BY-STEP GUIDE TO SIMPLE ANSWERS FOR YOUR COMPLEX QUESTIONS TONY STEUER, CLU, LA, CPFFE and MAXWELL SCHMITZ This publication is designed
Fact sheet Personal insurance Current as at 15 April 2012 What is insurance? Insurance is an agreement with an insurance company to pay you a sum of money if something is damaged or lost. It is form of
Disability Income Insurance Client Highlights Designing an income protection plan The Union Central Life Insurance Company DI 1071 5/07 Disability Income Insurance What is your greatest asset: Your home?
Business Planning With Life and Disability Insurance Speaker: Eddie Sussmann, Leading Edge Disability Center www.disabilitycenter.com For producer information and education only. Not for use with the general
If I were no longer around, who would pay my mortgage? Let us help you create a mortgage protection plan to protect you and your most valuable asset. Mortgage life insurance protection Your house is your
How Much Life Insurance Do I Need? This is a question every person must answer individually, based upon his or her particular circumstances. Some factors that influence the amount of life insurance required
plain talk about life insurance The right life insurance can have an enormous effect on your life and the lives of those you love. Thinking about life insurance? You re not alone. Canadians generally agree
Accessing the Cash Values in Your RBC Insurance Universal Life Plan Learn the advantages and disadvantages of the three ways you can access your money Contents: Three ways to access your Cash Values...............................
Individual Disability Income Insurance Help Protect Your Income and Financial Future Why protect your income? THE NEED....1-11 AFFORDABILITY AND VALUE.... 12-21 SUPPLEMENT OTHER INSURANCE.... 22-23 THE
term Introduction The following information is for educational purposes only. This information is not intended to replace the advice of an insurance professional or address specific situations. Your personal
The Professional Series INSURANCE ADVISOR GUIDE For advisor use only. PLAN CODE 964 level; 965 step rate PRODUCT TYPE Individual disability income protection SALES TIP Consider offering your client the
Personal insurance There are many risks you face during your lifetime, but the most serious ones you will face are death, disability, serious illness and/ or medical intervention (surgery). These can happen
A Disability Income Insurance Guide for Individuals and Families Disabled? Me? Never! Insurance Strategies What if you were to become too sick or hurt to work? If you couldn t work, would your family have
Your Guide to Retirement Income Planning Your Guide to Retirement Income Planning 3 Your retirement income plan How to create secure income in retirement Your retirement will be as unique as you are. Travel,
LIFE AND PROTECTION INSURANCE EXPLAINED INTRODUCTION Most of us would like to think that when our lives come to an end, we ll be old, our loved ones will be financially secure and our financial responsibilities
Preparing for Retirement: What You Need to Know 2009 Morgan Stanley Smith Barney LLC. Member SIPC. Preparing for Retirement Envision the Next Chapter Understand the Risks Develop a Plan 2 Envisioning the
Individual Disability Insurance One Key To A Secure Financial Future Standard Insurance Company The Standard Life Insurance Company of New York Standard Insurance Company is licensed to issue insurance
Life Insurance made easy INTRODUCTION Your Health is your Wealth - I genuinely believe that to be true. I work in the A&E Department of a large hospital and every day I see the challenges people face in
Income Protection Disability Protecting loved ones from financial hardship in the event of premature death of a primary income earner is usually a high priority for most Canadians. Unfortunately, while
Disability Income Insurance Protect Your Most Valuable Asset Your Ability To Earn A Living Page Heading Title And Double Line Title Your lifestyle and dreams for the future depend on your ability to earn
Life Insurance Tutorial & Calculation Worksheet Provided By NAVY MUTUAL AID ASSOCIATION Henderson Hall, 29 Carpenter Road, Arlington, VA 22212 Telephone 800-628-6011-703-614-1638 - FAX 703-945-1441 E-mail:
PERSONAL LOANS 101: UNDERSTANDING PAYMENT PROTECTION INSURANCE Payment protection insurance can be a valuable tool in helping protect your credit and your loved ones from unexpected life events. If something
Personal Loans 101: Understanding PAYMENT PROTECTION INSURANCE Payment protection insurance can be a valuable tool in helping protect your credit and your loved ones from unexpected life events. If something
Individual Disability Insurance helps clients protect their most valuable asset - their ability to work and earn an income. The following statistics support and describe the need for disability insurance
OPW 01 (03/11) Demographik Life and Protection Insurance explained Openwork Limited is authorised and regulated by the Financial Services Authority. Registered in England 4399725. Registered office: Tri
KEY GUIDE Financial protection for you and your family Protecting what matters most Life and health insurance protection underpins most good financial planning. These types of insurance can ensure that
Have you protected the most valuable things in your home? Protecting yourself as well as your home What s inside 2 A product to suit your life today, and in the future 4 Income Cover for Sickness 6 Critical
Retirement Enhancer A tax-efficient way to enhance your retirement income using universal life insurance Will you have enough retirement income to fulfil your dreams? Today, many of us are living longer
APRIL 2014 LIFE INSURANCE for the WEALTHY The myth-busting benefits KEY INSIGHTS: 1. Insurance can help preserve affluent lifestyles 2. Permanent life insurance can protect or enhance financial capital
Borrowing Solutions 5 Principles for Better Borrowing Better borrowing lets you get more from your money Most people end up borrowing money at some point in their lives. But we know life isn t about borrowing
Disability Income Insurance HELP PROTECT YOUR INCOME, FAMILY AND LIFESTYLE 10008 Disability Income Protection Protecting Your Life If something happens that keeps you from working, what is your greatest
Help Protect Your Most Valuable Asset Your Income NJEA Endorsed Disability Insurance Program For enrollments on and after October 1, 2012 The Prudential Insurance Company of America 02046-00002-00 Think
Consumer Guide I Colony SM Term I Life Insurance Colony SM Term The Traditional Term Life Insurance Solution Life insurance products underwritten by: Genworth Life and Annuity Insurance Company, Genworth
For customers Friends Life Protect+ Income Protection Cover Income Protection Cover It s income protection. And more. It s income protection. And... 2 it addresses a vital need it provides a regular income
Credit Protection Insurance Protection covering all your financing needs Credit Protection Insurance Achieve your financial goals with peace of mind! You ve just been approved for the financing you need
FAMILY PROTECTION MADE EASY A guide to life assurance INTRODUCTION Your Health is your Wealth - I genuinely believe that to be true. I work in the A&E Department of a large hospital and every day I see
Dunhill Financial Advisors Bob Fitt Branch Manager 1190 Old York Road Suite B Hartsville, PA 18974 215-675-8440 (215) 675-8440 Robert.Fitt@RaymondJames.com www.dunhillfinancial.com Fundamental Needs for
THE NEED FOR PROTECTION A DISABILITY CAN HAPPEN TO ANYONE...AT ANY TIME. In the last 10 minutes, 490 Americans became disabled. In 2008, there were 2.1 million disabling injuries caused by a motor vehicle
Disability Insurance Financial Protection For Individuals And Business Owners Standard Insurance Company Individual Disability Insurance Income Protection When You Need It Most The home you live in, the
Risky Nation A research report October 2014 Introduction Aussies will happily wager an average $29 each on this year s Melbourne Cup, but stunning new research reveals many of us are prepared to risk losing
A brief guide to Financial Planningplanning Guide financial Table of Contents Financial Planning The Process of Financial Planning Why do I need a Financial Plan? Do I need a Financial Advisor? Tips to
For advisor use only Put the strength of RBC Insurance to work for you > Unparalleled sales support > Industry-leading sales tools > Extensive product portfolio > Respected and trusted brand At RBC Insurance,
Your best back-up tool is insurance. Insurance for tradespeople Presented by ACF Planning PTY LTD ABN 70154714119 as Authorised Representative No 415700 for Australian Capital Financial Planning ABN 34
For customers Friends Life Protect+ Income Protection Cover Income Protection Cover It s income protection. And more. It s income protection. And... 2 it addresses a vital need it provides a regular income
Critical Illness Insurance What is Critical Illness Insurance? Critical Illness insurance was developed by a heart surgeon, Dr. Marius Barnard, in 1983 when he realized that the recovery of many of his
Retirement. Income. your way YOUR GUIDE TO SUNFLEX RETIREMENT INCOME Life s brighter under the sun Table of contents Introduction... 3 The five retirement risks... 4 Money for Life... 5 Product Overview
Physician White Paper What every Physician should Know About Disability Insurance. By J. Christopher Burke, FLMI President, AMA Insurance Agency, Inc. Traditionally, physicians are a financially conservative
YOUR SOURCE FOR RETIREMENT PLANNING AND POSSIBILITIES e > N xt WHAT S AFTER? But first, some things to think about before 4Needs your retirement income should meet ELIMINATE DEBT THE FEWER DEBTS, THE BETTER!
Income Protection Using Life Insurance to Preserve Your Client s Lifestyle Marketing Guide Help your clients prepare for the unexpected. Ask your clients to imagine if their spouse was not there tomorrow.
Contact us Hoa Bui T: + 61 (02) 9335 8938 E: email@example.com Briallen Cummings T: + 61 (02) 9335 7940 E: firstname.lastname@example.org www.kpmg.com.au No reliance This report should not be regarded as suitable
Please fill out this questionnaire as accurately and completely as possible. In some cases, a statement from your bank, broker/custodian, mutual fund company, etc. will suffice. Complete only those sections
I Consumer Guide ColonySM Term I Life Insurance Colony Term The Traditional Term Solution Life insurance products underwritten by: Genworth Life and Annuity Insurance Company, Genworth Life Insurance Company,
are you financially well organised? Risk Plan your family s finanical security email@example.com Your family s financial security... If you were to pass away, would your family s financial security be assured?
The 2015 Self-Assessment Guide For Long Term Care Insurance A JOINT PUBLICATION BY: SHIP State Health Insurance Assistance Program And Indiana Partnership Long Term Care Insurance Program Both of the Indiana
Disability Insurance: A sound financial foundation includes income protection Introduction...1 An important financial safety net...2 Many are not eligible for Social Security or workers compensation benefits...3
WHY WOULD I NEED IT? HOW MUCH DO I NEED? Definitions Actively at Work means you or your Spouse are performing all the Essential Duties of Your Occupation for wage or profit on a full-time basis (at least
100/44/0/0 0/0/0/100 0/0/0/0 100/68/0/31 100/65/30/70 60/20/5/10 Universal LifeEvents Insurance You have a picture of the way you want your life to go. That s when Trustmark Universal LifeEvents insurance
LIFE AND MEDICAL Now s a good time to review your insurance Your medical cover The medical component of your policy is now underwritten by nib New Zealand. OnePath continues to manage your medical policy
Flexible Protection Plan Protecting your lifestyle and family with one simple plan Contents Introduction Income Protection Life Protection Critical Illness Protection Protection with a heart Extra things
PLAIN TALK about LIFE INSURANCE Having the right life insurance protection can have an enormous effect on your life and the lives of those you love. A proper financial security plan can mean the difference
Life events that may derail a financial plan The BMO Institute provides insights and strategies around wealth planning and financial decisions to better prepare you for a confident financial future. bmoharris.com
Insurance from MLC Personal insurance Your family s most valuable asset, every day of the year Mature Families It may come as a surprise, but your personal insurance could actually be your most precious
Business Assurance Business Assurance Protecting your business and lifestyle Our business covers at a glance Cover What is it? Why do you need it? Life Cover Trauma Cover (accelerated) Complete Disablement
Why Disability Insurance Most people insure their material possessions their homes and cars, for example. But many people don t insure what is probably their most valuable asset their ability to work and
Business Loan Protector INSURANCE ADVISOR GUIDE For advisor use only. PLAN CODE: 958 periodic pay; 958L lump sum PRODUCT TYPE Business protection PURPOSE AND MARKET The Business Loan Protector policy has
Wealth protection for Australian Small and Medium Business Owners Unexpected issues In business life, as in daily life, unexpected issues can and do occur. Business owners can be temporarily or permanently