Disability insurance is designed to protect your most important asset, your ability to earn income. Below are our top four things physicians should think about when purchasing a disability insurance policy. What does “being disabled” mean? Being disabled means you are unable to work due to sickness or injury. Should I have group or individual insurance? Group insurance is owned and controlled by the insurer and your rates and policy provisions are not guaranteed. For example, a few years ago…
Thinking about your life insurance. Here is our top 6 questions clients often ask Do you have enough insurance? Many clients assume $1 million in coverage is a good starting point — but is it enough? Consider your mortgage, your children’s education costs, and the funds needed to maintain your family’s lifestyle. In reality, every $1 million of insurance typically provides about $35,000 per year over 20 years. Is that sufficient for your family’s needs? Should I rent or own…
Being Disabled means you are unable to work due to sickness or injury. Whether it is a cardiac issue, nervous disorder, complication of pregnancy, a broken bone or pulled disc; anything can cause a disability. For physicians, a disability can be devastating by taking a toll your ability to earn income and this affects you and your family. What is Disability Insurance? Disability can be temporary or permanent. The most common causes of disability include accidents, cardiovascular mishaps, pregnancies,…
Would you rather pay 72% or 17% tax?
The Medical Student offer from RBC Insurance is the most comprehensive individual disability plan in the marketplace for medical students, residents and fellows. HIGHLIGHTS – No medical underwriting – 25% discount – Own occupation definition of disability – Cost of living adjustment – Future income option up to $25,000/month – HIV HEP B&C – Conversion to long term care coverage – $100,000 critical illness insurance as secondary protection MEDICAL STUDENTS How much disability insurance are medical students eligible for with the RBC Medical…
Most physicians are incorporated and save money inside their professional corporations. You may choose to invest in stocks, bonds, mutual funds, or whole life insurance. The purpose of this article is to help demystify whole life insurance as a savings, retirement and estate planning tool. What is Participating Whole Life Insurance? A participating whole life insurance policy is permanent life insurance where the cash value and death benefit grow over time and can be utilized for retirement and estate planning…
Learn the facts on OMA Life insurance and OMA Disability insurance.
The RBC Medical Student offer from RBC Insurance is the most comprehensive individual disability plan in the marketplace for medical students, residents and fellows. HIGHLIGHTS – No medical underwriting – 25% discount – Own occupation definition of disability – Cost of living adjustment – Future income option up to $25,000/month – HIV HEP B&C – Conversion to long term care coverage – $100,000 critical illness insurance as secondary protection MEDICAL STUDENTS How much disability insurance are medical students eligible for with the RBC…
GREAT NEWS – RBC Insurance is increasing its dividend scale interest rate to 6.30% The RBC participating whole life portfolio is focused on long term performance and policy stability. In light of market volatility (Trump tariffs, 2018), whole life insurance is a conservative asset with guaranteed growth of the cash value and permanent life insurance. What is Participating Whole Life Insurance? A participating whole life insurance policy is designed to enhance the cash value in a long-term dividend interest rate…
Often clients tell us they don’t need life insurance for long term planning. What they are really telling us is that they don’t understand why they need life insurance for long term planning. So we thought it best to discuss the top misconceptions clients have on permanent life insurance. I have enough money to take care of my family so I no longer need insurance. Some clients are fortunate to have saved well over their careers and no longer need…