Estate planning for physicians
Estate planning – how to minimize the tax.
Category: Blog
RBC Medical Student offer
Highlights 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 click to Watch our video on RBC MSO Offer How much disability insurance am I eligible for? As a medical student you qualify for up to…. – Year 1&2 – $2,000/month – Year 3 – $3,000/month – Year 4 – $4,500/month As a resident or fellow, you…
Four things to think about when purchasing a disability insurance policy.
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…
6 things to think about with your life insurance
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…
Disability Insurance for Doctors
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,…
A tale of two physicians – Planning to pay too much tax?
Would you rather pay 72% or 17% tax?
Medical Student Offer
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…
Whole life insurance – An excellent estate planning tool
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…
OMA Insurance facts
Learn the facts on OMA Life insurance and OMA Disability insurance.
RBC Medical Student Offer
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…