RBC Medical Student

RBC Medical Student Offer

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What if you became the patient?

You have invested a tremendous amount of time, energy and resources to become a physician and your expertise is second to none. As such, your ability to earn an income is your #1 asset. Disability insurance is the foundation of a sound financial plan. It is the first of the “insurance building blocks” we recommend. Disability insurance replaces your income in the event you suffer an illness and/or injury that prevents you from being able to work.

RBC Insurance – Disability Insurance Offer for Medical Students, Residents & Fellows

  • NO MEDICAL – no medical exam or blood test required.
  • FREE COVERAGE – 12 months free coverage (5 months if you are a resident or fellow).
  • Simplified 1 page application.
  • 100% Guaranteed contract that you own and control!
  • Permanent 25-40% discount.
  • Riders Include:
    • Own Occupation definition of disability.
    • Cost of Living Adjustment.
    • Future Income Option offering up to $25,000 of coverage per month.
    • HIV, Hepatitis B and C protection.
    • Convertible to Long Term Care Insurance.

Coverage Limits & Discounts

Stage of Medical Training Maximum Coverage Limit Free Coverage Period Discount Available
Final year medical student $4,500 12 months Permanent 25-40% discount.
Resident Physician** $4,500 5 months
General Practitioner ** $7,500 5 months
Fellowship Program ** $8,500 5 months
Specialist ** $11,000 5 months
**Starting in practice limits are available if you are in your final 3 months of your residency or fellowship training & your practice will commence within 3 months after your residency or fellowship ends

Flexibility for the Future:

  • Special FIO Offer – One time option at the end of your medical residency or fellowship to increase your coverage to the post-residency limits available.
  • Critical Illness Offer – Option to add up to $100,000 of Critical Illness Insurance with NO MEDICAL at any time during your eligibility or within the first year in practice.
  • Business Protection Offer – Option to add business protection (overhead expenses and/or business loans) later on with NO MEDICAL and a 15% discount.

As I have progressed in my career, Integrated Financial Strategies has always kept me up to date on the latest changes and additions to ensure that my insurance coverage evolves as my career and family does.

Dermatologist, Toronto January 20, 2015