In 2014, The Canadian Academy of Facial Plastic Surgeons setup an insurance program to provide insurance services to Plastic Surgeons with premium discounts.
Have you enrolled for these discounts?
Disability insurance – 25% discount Purchase up to $30,000 per month of disability coverage with a guaranteed annual premium discount. Policies are issued an own occupation definition of disability, a cost of living adjustment, a future income option, HIV Hepatitis B&C protection, and a conversion to long term care coverage.
Critical Illness Insurance – 10% discount Receive a tax-free lump sum payment over and above your monthly disability payment after the onset of a critical medical problem such as a heart attack, cancer or stroke, MS, etc. If you do not claim, you may elect the refund of premium option and get back up to 100% of the premiums paid.
Term life insurance – up to 25% SAVINGS Qualify for preferred rates and save up to 25% on term life insurance.
Whole life insurance – 6.25% dividend interest rate Whole life insurance is an asset accumulation, estate, and retirement planning vehicle. It is designed to enhance the cash value in a long-term dividend interest rate asset class while providing guaranteed increasing cash value and permanent life insurance. This is an excellent planning tool for those who are incorporated and saving money inside their corporations and participating life insurance is one of the only asset classes you can use that allows tax-free asset accumulation.
Long term care coverage – no medical required In the event of a chronic illness, cognitive impairment or the inability to complete two or more activities of daily living, up to $9,000 per month may be paid tax-free to provide for home or facility care as required. There is no medical required.