Term Plus Life
Make sure your finances have life support. Help protect your family’s future.
Extend the life of your Life Insurance.
You're working hard to protect the health of others. That same dedication can be just as important when it comes to protecting your family's lifestyle in the event of an untimely death. By choosing the right life insurance coverage now, you can help preserve everything you've worked for and everything they depend on, well into the future.
OMA Group Term Life Plus 75 Insurance gives you coverage when you need it most, and offers a dependable way to fund debt repayments, final expenses, your children's education or any other financial need if you die prematurely. And best of all, after you turn age 75, you'll have a reduced amount of coverage for life, with no further payments needed.
Insurance that grows with you.
Designed to meet your increasing insurance needs, OMA Term Life Plus 75 Insurance features several benefits:
Current Annual Premiums Per $100,000 Unit1
Coverage is simple and affordable. Rates depend on a variety of factors such as gender, age and smoking status.
Rates current as of 2019
Plus applicable Sales Tax. Rates shown above are subject to change by New York Life Insurance Company. Premiums increase as you enter a new age bracket. Rates age 60 and up are for renewal purposes only.
To learn more, including information on eligibility, renewability, limitations and exclusions, and to get a quote, simply contact OMA Insurance at info@omainsurance.com or 1.800.758.1641, or use the rate calculator.
Eligibility
- OMA Term Life Plus 75 Insurance is available exclusively to members of the OMA or an Atlantic Medical Association/Society who reside in Canada, as well as their spouses if the member applies under age 60.
- Guaranteed coverage is available if you are under age 50, and apply for coverage within your first year of starting a medical practice in a covered province. You may be eligible for $50,000 of coverage without providing medical evidence. Coverage issued on this guaranteed basis will not be eligible for the 10% enhancements or waiver of premium.
- Resident of Quebec are eligible if:
- they practice or study outside of Quebec but still reside in Canada,
- the application was signed in a province or territory other than Quebec and
- the certificate and all other communications are delivered in a province or territory other than Quebec.
The Underwriting Process
OMA Insurance works to streamline the underwriting process as much as possible, reducing the complexity and time required to arrange coverage. Here are the steps required:
Risk-free, 30-day Free Look
We’ve designed this life insurance product with our members in mind. Apply today and, once approved, we’ll send you your Term Life Plus 75 certificate. Review it at your leisure for 30 days with no obligation. If you’re not completely satisfied, simply return it within the 30 days for a full refund of all premiums paid.
This stage, and every stage.
How to best protect your family's future may be one of life's most important decisions, but it needn't be complicated. OMA Insurance makes it easy to get the protection you need, for every stage of your life.
While the group plan described above has been specifically designed with physicians in mind, you may have circumstances that require an individual plan. Either way, your OMA Insurance advisor is here to help.
This information is a summary of the major features of the group insurance program under policy G-29500. It is intended for general guidance and is not a contract. If any discrepancies exist between this information sheet and the issued policy or certificate, the latter shall prevail. The complete terms, conditions, limitations and exclusions governing the OMA Life Insurance coverage can be found on your Certificate of Insurance and in the relevant group insurance policy issued by New York Life Insurance Company, Canadian Chief Agency, Toronto, Ontario M5H 3C2 on policy form GMR-FACE G-29500. New York Life has no right to cancel the group policy as long as premiums are paid when due. Some conditions apply. |
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