Recently you received a notification from the OMA about a significant rate increase on OMA Disability Insurance. Below are the facts. OMA DISABILITY INSURANCE In 2010, the OMA rebated 45% of the premium on group disability insurance. This rebate was eliminated in 2017 and rates are now increasing – on average 22%. OMA LIFE INSURANCE In 2010, the OMA rebated 65% of the premium on group term life insurance. This rebate was reduced to 20% in 2020 which means your…
The spread of Coronavirus (COVID-19) has raised concerns and stress for you, your family and your patients. We have received several emails and calls from physicians asking about their insurance and we wanted to let you know we are here to help. Below is a general overview on various insurance products and COVID-19 Disability Insurance If you have RBC Disability Insurance coverage and are quarantined under medical orders (e.g. a public health official or a physician) or disabled from COVID-19,…
July 2019: It’s often said that nothing in life is certain but death and taxes. Probate fees on an estate can be added to this common saying. Probate fees are paid on the fair market value of the assets held in the deceased’s estate. While obtaining a grant of probate is not mandatory, in order for certain assets (land, financial accounts, publically traded securities) to be transferred to beneficiaries and to protect the Executor and others from liability, most estates…