International Medical Graduates | Disability Options

As an IMG you are faced with many challenges, and choosing a career path will be one of the most important decisions you will ever make. But equally important is that you protect the investment you have made to get thus far.

As a medical professional anywhere in the world, you are exposed to conditions, risks and stresses that most people simply don’t have to face in their day-to-day lives. Protecting your ability to earn an income is the first step to securing your financial future. Disability insurance is the most important coverage you can have. Your hopes, dreams and plans for the future depend upon your remaining healthy and able to work.

While you may have disability coverage offered through residency it is for the short term. This type of coverage will automatically terminate upon completion of residency. The definition of disability allows the insurer to have you return to work in any occupation within reason of your training. And if you choose not to return to work your benefits may be discontinued.

You have access to disability coverage through your provincial medical association subject to membership. Association plans may give you some protection but it does not provide medical professionals the long term guarantees they need to protect their lifetime income. It’s essential to have a “back-up” plan. A plan that is properly designed to give you the protection you need while saving you money long term. Definitions of disability that protect your occupation and benefits that are payable to age 65. Most importantly, a contract that is individually owned, non-cancellable and guaranteed to age 65.

MTesi Advisory is pleased to inform IMGs that we have collaborated with one of the top insurers to allow IMGs access to a guaranteed, non-cancellable individually owned contract of insurance with special premium discounts for the life of the contract. Whether you are in residency or pursuing a residency opportunity we can design the appropriate protection for you.