Highlights as of October 1, 2026
- 20% discount
- Own occupation definition of disability
- Cost of living adjustment
- Future income option up to $25,000/month
- HIV HEP B&C for all medical doctors
How much disability insurance am I eligible for?
As a medical student Canada Life will give you up to….
– Year 1&2 – $2,000/month
– Year 3 – $3,000/month
– Year 4 – $4,500/month
As a resident or fellow, Canada Life and/or RBC Insurance will give you up to…
– Resident – $4,500/month
– Fellow – $8,500-$11,000/month
What is the discount and free coverage?
There are two offers available depending on the discount and the free coverage you wish to take advantage of.
- RBC Medical Student Offer (MSO)/ Student savings program – 10% discount
– 10% discount.
– 5 months free coverage for residents and fellows.
– Guaranteed Standard Issue application – no medical required. - Canada Life Start right program – 20% discount
– 20% discount.
– $100,000 Critical illness insurance
– $1,000,000 term life insurance
– No free coverage for residents and fellows.
– Regular application.
How do rates compare across various brokers?
Rates are setup by the insurers so everyone has the same rates. If you are seeing a different rate, you are missing something in your quote.
What is the difference between RBC vs Canada Life?
Both companies offer own occupation coverage, an inflation rider (COLA), future income option and HIV, Hep B&C protection.
- RBC offers a 10% discount and 5 months free while Canada Life offers a 20% discount
- RBC has a conversion to long term care coverage
- RBC plan has a guaranteed standard issue (GSI) policy with no medical. Canada Life requires a regular application subject to underwriting.
What makes Levine Financial Group different from other brokers?
We are licensed across the country and are the only brokers that have been approved by 19 different medical groups.
How do I enroll ?
Give us a call at 416-222-1311 or click the link below to setup an appointment.
Get started with my insurance setup
Levine Financial Group has worked with 19 Ontario Medical Associations and Hospitals where we negotiated a discount of 25% on disability insurance, 10% on critical illness insurance, cost savings on term life insurance.
We Save Physicians Money on their insurance.