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Life is unpredictable. Insurance transfers financial risks for those who qualify.

Disability: Protect your income when you can't work

You don't need scary statistics to know the value of getting suitable disability insurance, especially when you're starting your medical practice.

Disability insurance is the most complex form of health insurance. You can't buy on price — highest or lowest. Service and claims adjudication are essential considerations but how can you decide? The contract definitions differ among companies.

Learn more about disability insurance

The conundrum

While disability insurance is very valuable, you'll have difficulty finding coverage. That's not because of your health. The bigger challenges are:

  • limited availability: very few insurers have products
  • limited knowledge: advisors are not required to understand the intricacies
  • limited access: very few advisors offer this type of coverage

The Medical Student Offer (MSO) from RBC Insurance

1. Introduction

2. Overview

3. Why Act Now?

With the exclusive Medical Student Offer from RBC1 you may qualify for special coverage with generous benefits:

  • no financial underwriting: you do not need to prove you have sufficient income
  • simplified medical underwriting: no medical examination or body fluids required
  • future increases in coverage regardless of your health: you justify the increase and pay for the additional coverage
  • tax-free benefits: payable monthly up to age 65 after a 90 day elimination period
  • discounts: save 25% on your premium and any future increases purchased with the optional Future Income Option (FIO) rider
  • premium holiday: have your initial premiums waived
    • medical students: 12 months
    • residents and fellows: 5 months

Here are the maximum tax-free monthly benefits based on your status2 on October 1, 2016:

Status 1st Yr 2nd Yr 3rd Yr 4th Yr Residency / Fellowship 1st Yr Of Practice
Medical Students $2,000 $2,000 $3,000 $4,500 - -
Residents/Fellows - - - - $4,5003 -
Specialists - - - - $4,500 $10,500
Fellowship - - - - $8,500 -4
General Practitioners - - - - - $7,500

You must be in good health, with no pre-existing conditions within the previous 24 months.

Here are details:

Note: There are time limits to apply. This offer ends when you complete your medical residency or fellowship.

The process

Getting disability insurance is quick and convenient.

  1. Explore: Understand your options via a cloud meeting, and finetune costs until you are satisfied.
  2. Apply: Complete the application (PDF) and see what you qualify to get.
  3. Relax: During the policy delivery, we'll review your contract and activate your protection.

You'll have the opportunity to ask questions throughout.

Get started

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