Medical School Graduates

Medical School Graduates

If you are a medical school graduate, you can also participate in the RBC medical school graduates insurance offer where no medical is required. The highlights are below:

Enroll for up to $4,500 per month of disability insurance 

  • No medical underwriting
  • 25-40% discount
  • Options 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
    • $100,000 critical illness insurance as secondary protection
    • One page enrollment form
  • Free coverage – up to 12 months free disability coverage

Medical School Grads
APPLY HERE

Email your application and void cheque to info@levinefinancialgroup.com


How does the RBC medical school offer compare to the OMA insurance?

DISABILITY INSURANCE COMPARISON
The OMA group disability insurance is group coverage which means the insured does not own or control the insurance. Individual coverage you control, group insurance is controlled by the insurer. With respect to rates, OMA rates increase at age 35, 45 and 55 or can be a level rate. OMA rates are competitive however, the quality differences are substantial as illustrated below.
Home – Canada Life logo  Manulife Logo Image result for rbc insurance logo  OMA Insurance
Ownership Individual contract.Benefits and premiums are guaranteed Group insurance.The OMA or its insurer can cancel or change the policy
Partial disability Minimum payment guarantee of 50% of your monthly benefit No minimum payment
Discount 25% discount on all coverage up to $25,000 per month Partial refund on coverage up to $10,000. After 10,000 no refund
Portable YES world wide Must be an OMA member
Recovery benefit When the insured returns to work after a period of total or residual disability, the insured may receive four months recovery benefit based on the percentage of loss of income. If the insured returns to work after a period of partial disability, the insured will receive two months recovery benefit that will be the same as the partial disability payment previously received. Not available
Recurrent Disability
After a period of disability ends and the insured becomes disabled again from the same or related causes within 12 months, it will be a continuation of the previous disability.
After a period of disability ends and the insured becomes disabled again from the same or related causes within 6 months, it will be a continuation of the previous disability.
COLA Minimum of 2% COLA
Range: 2-10%
No Minimum COLA
Range: 0-10%
Long Term Care Insurance Conversion LTC insurance is fully funded after 20 years with RBC insurance LTC insurance is fully funded after 25 years with Sun life

At the end of the day, you get what you pay for. If you want to own and control your policy, we recommend individual insurance.

Medical School Grads
APPLY HERE

Email your application and void cheque to info@levinefinancialgroup.com