Since 1999, we have been working with the Ontario Association of Radiologists (OAR) and setup a disability insurance program with the specific needs of Ontario Radiologists where over 810 Radiologists have participated and over $5M in claims have been paid out. As a resident/fellow you can participate in the OAR insurance program. The highlights are below:
HIGHLIGHTS
- Enroll for up to $4,500 per month of disability insurance (residents) or $8,500 per month (fellows)
- No Medical
- Policies include:
- 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
- Up to 8 months free coverage
- 10% discount
What is the discount and free coverage?
Residents and fellows
– 8 months free
– No medical required – simplified application
– 10% discount
How does the RBC plan compare to Canada life for residents and fellows?
Canada Life offers a 20% discount for residents and fellows with no free coverage and a full application.
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 has a 10% discount and 5 months free – Canada Life has a 20% discount and no free coverage
– RBC issues insurance with no medical and a simplified application – Canada Life requires a full application, medical history and can ask for a blood and urine
– RBC offers total, residual and partial disability definitions – Canada Life offers total, residual or partial coverage
– RBC offers an inflation rider up to 10% – Canada Life inflation rider is only up to 8%
– Canada Life requires a regular application subject to underwriting
– RBC has a conversion to long term care coverage – Canada Life does not offer this option
How does the pricing compare ?
Below is a price comparison of $4500/month (max for a resident) of own occupation coverage, with inflation rider (up to 8% with Canada life vs 10% with RBC), a future income option to increase up to $25K/month, total, residual and partial definitions of disability (residual only with Canada Life – residual and partial with RBC), HIV HEP B&C and a long-term care conversion feature (RBC only). We looked at male and female coverage at age 26 and 31. Canada Life offers a 20% discount and RBC offers a 10% discount. We did not factor in the 5 months free with RBC.
Implications – Advantage RBC
Even after the 20% discount with Canada Life, RBC is less expensive. Furthermore, only RBC has total, residual and partial definitions of disability, a higher inflation ceiling at 10% (vs 8% with Canada Life) and the conversion to long term care which makes this a superior product for residents and fellows.
What if you already have RBC, OMA or other disability coverage, can you still enroll?
Yes.
Can any insurance broker enroll me in the OAR Insurance program?
No. The OAR insurance plan with the 8 months free coverage is only available through Levine Financial Group. Other insurance brokers will try to enroll you in the RBC medical student offer (MSO) but you only get 5 months free. The OAR plan gets you 8 months free and more importantly, you are enrolled through OAR.
Will I get a lower rate for the same product from another advisor?
No. If you are seeing a lower rate, another advisor is showing you a policy with different definitions and/or missing options.
Why apply through the OAR Insurance program?
As of 2026, there are over 810 Ontario Radiologists enrolled in the OAR insurance program and we have adjudicated over $4,500,000 in disability and critical illness claims. Prior to the OAR insurance program there was no discount on insurance for Radiologists, no non-medical offerings and no special offer for residents or fellows. This plan was created by Levine Financial Group for Radiology residents and fellows.
In 2017, there were 5 premature death claims. One claim involved a young Radiologist who cancelled his policy and died two weeks later. The claim was brought to the attention of the insurer by our office, and while not obligated to pay, RBC paid the claim because the client had an OAR insurance policy.
Letter from OAR to Radiology residents and Fellows
If you have questions call us at 416-222-1311 or email info@levinefinancialgroup.com
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.