RBC Insurance is the most comprehensive individual disability plan in the marketplace for medical students, residents and fellows.
HIGHLIGHTS
– 25% discount
– 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
How much disability insurance am I eligible for?
As a medical student you qualify for up to….
– Year 1-2 – $2,000/month
– Year 3 – $3,000/month
– Year 4 – $4,500/month
As a resident or fellow, you qualify for up to…
– Residents – $4,500/month
– Fellows – $8,500/month
What is the discount and free coverage?
There are two offers available depending on the discount and the free coverage you wish to take advantage of.
- RBC Medical Student Offer (MSO)
– 10% discount.
– 12 months free coverage for medical students
– 5 months free coverage for residents and fellows.
– Simplified application. - RBC Student Savings Program (SSP)
– 25% discount.
– 5 months free coverage for medical students, residents and fellows up to first 6 months in practice.
– Full application.
Which is a better offer (MSO v SSP)?
The 25% discount with 5 months free is better in the long run from a cost perspective vs. a 10% discount and 12 months free so long as you have no medical issues. If you have any medical issues, then we would suggest the MSO offer as it has a simplified application. We will go through both options with you at the time of application.
How do rates compare across various brokers?
Rates are setup by RBC Insurance so everyone has the same rates. If you are seeing a different rate, you are missing something in your quote.
What makes Levine Financial Group different then other brokers?
We are licensed across the country and are the only brokers that have been endorsed by 19 different medical groups.
How do I enroll ?
Give us a call at 416-222-1311 or click the link below to setup an appointment.