Disability Insurance

 The loss of income due to a disability is one of our greatest fears. Disability insurance is designed to protect your income if you are unable to work on a permanent or partial basis. We offer non-cancellable coverage tailored to meet your individual needs. We offer several options for you to consider in your disability policy, including an own occupation definition of disability, a cost of living adjustment, a future income option, HIV and Hepatitis B and C coverage for medical professionals and a conversion to long term care coverage.

Options for consideration

Below is an overview of the different options and definitions you should consider when setting up your disability insurance.

• Own occupation
  Own occupation is the most comprehensive definition for total disability. It states that if you are unable to perform the important duties of your own occupation due to injury or sickness and are under the care of a physician, you will receive full disability benefits.
• Cost of living adjustment
  The cost of living adjustment (COLA) protects you from inflation while on a disability claim by ensuring that your benefit is adjusted annually to reflect changes in the consumer price index.
• Conversion to long term care
  The conversion to long term care coverage is important as you get older as it allows you to convert your disability policy to long term care coverage. Long term care insurance provides up to $300 per day or $9,000 per month for care in your own home or care in a facility with lifetime benefits to age 100. This is only with RBC.
• Future income option
  A future income option (FIO) allows you to increase your monthly disability benefit on the anniversary date of your policy with no medical required.
• HIV HEP B&C
  The health care rider is mandatory for physicians. If you have HIV or Hepatitis B and C, you may qualify for a disability claim.
• 20-35% Discount
  As a physician/resident/medical student, you are entitled to a 20-35% discount. If you are 35 or under, you can choose an additional 15% step rate discount for a total initial discount of 35%.