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)
- 25% 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
What is the discount and free coverage?
Residents and fellows
– 8 months free coverage.
– 25% discount with a full application or 10% discount with a simplified application.
Medical Students entering radiology
– 15 months free coverage and a 10% discount with the simplified application or
– 8 months free coverage and a 25% discount with a full application.
This is available through the OAR insurance program until December 2024.
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) or RBC student savings program (SSP) 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 2023, 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