Comparison: OMA vs RBC Insurance

We compared the policy provisions and cost differences

In order to be eligible for OMA insurance, OMA members must be in good standing, which means they must be up to date on their membership fees. With the OSA, there is no reference to being in good standing or membership fees in order to qualify or maintain your insurance. 

Neither the OSA insurance companies nor the Association (the OSA) can cancel or change your insurance.

POLICY PROVISION COMPARISON as of 2019
Life insurance
Disability insurance
Critical illness insurance
Office overhead insurance

COST COMPARISON AFTER  OMA ANNUAL PREMIUM REFUND
Below are case examples of a physician and his/her non-physician spouse who is the same age after refund which is not guaranteed. We assume the physician has $1,000,000 of OMA Group term to 75 life insurance, $10,000/month of OMA disability insurance and $100,000 of OMA Sun Life critical illness insurance. The spouse/partner has $1,000,000 of OMA Group term to 75 life insurance and $100,000 of OMA Sun Life critical illness insurance. These examples are for illustration purposes only for 2019.