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.
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.
WHAT IS YOUR INDIVIDUAL COST TO REPLACE YOUR OMA INSURANCE?
Attached is the cost summary that illustrates the monthly cost by gender, age and insurance by product (life, disability, critical illness and office overhead insurance).
OMA Insurance Replacement Program – as of 2019
P: 416-222-1311 I 1-877-314-1311 I E: INFO@OSAINSURANCE.COM