INSURANCE SOLUTIONS FOR OBSTETRICIANS AND GYNAECOLOGISTS AND THEIR PROFESSIONAL CORPORATIONS

You’ve invested a significant amount of time and money to become an obstetrician or gynaecologist.  Your financial situation is closely linked to your ability to practise your profession.  As a healthcare professional, you are aware of the fragility of human beings.

You are therefore in a unique position to understand the importance of being financially protected in case your health is affected by an illness or an accident.

Superior contracts and personalized advice

When you purchase an insurance policy, you are really purchasing money that you will receive in the future based on the terms of the policy.  That is why it is essential that this policy contain the best possible terms.

Your association is committed to providing you with
easier access to suitable insurance products…

The insurance policies offered contain essential clauses and superior characteristics to meet the unique needs of obstetricians and gynaecologists. 

We can help you …

Quality above all ...

Distinctive characteristics of products available

Long-term Disability Insurance        

1. Guaranteed benefits as soon as the policy comes into effect
2. Guaranteed leveled premiums to age 65
3. Provincial tax is not applicable to the premium
4. Contract cannot be cancelled by the insurance company
5. 50% return of premium option
6. This coverage may become tax deductible for your professional corporation under certain circumstances
7. Plan is portable worldwide

Critical Illness Insurance

1. May be paid for by your professional corporation
2. Guaranteed leveled premiums premiums for the duration of the contract
3. Provincial tax is not applicable to the premium
4. Contract cannot be cancelled by the insurance company
5. 100% return of premium option
6. This coverage may become tax deductible for your professional corporation under certain circumstances
7. Plan is portable worldwide

Office Overhead Expenses Insurance

1. Guaranteed leveled premiums to age 65
2. Provincial tax is not applicable to the premium
3. 100% return of premium option
4. Plan is portable worldwide

Term Life Insurance

1. May be paid for by your professional corporation
2. Provincial tax is not applicable to the premium
3. Leveled death benefit until age 75
4. Choice of 10 or 20-year term
5. Convertible to permanent life insurance until age 65 without medical certificate
6. Plan is portable worldwide
7. Guaranteed renewal

Permanent Life Insurance (lifetime coverage)

1. May be paid for by your professional corporation
2. Provincial tax is not applicable to the premium
3. Leveled lifetime death benefit
4. Tax sheltering opportunity within life insurance policy
5. Leveled premium based on the terms of the policy
6. Plan is portable worldwide
7. Guaranteed renewal

Incorporate medical practice and your insurance

There can be many advantages to practising medicine through a corporation. Obstetricians and gynaecologists can use this tool to manage their finances.
However, incorporating your practice may impact your insurance portfolio, so it is essential to review your insurance products to ensure they meet your needs.    

We can answer your questions…

What insurance can be be held and paid for by my corporation?

How can I avoid the double taxation  my corporation shares at time of death?

Is it better to pay for my insurance through my corporation? - Which is the best solution for my situation?

Are there any tax implications if my corporation owns my policies?
 
Seeing Beyond...

Did you know that insurance can also provide you with tax benefits? Contrary to popular belief, life insurance is not strictly for coverage purposes; it can become an integral part of your financial planning and allow to establish several tax-advantaged capital accumulation strategies.

Contact us for more information about strategies that may be used in your particular situation.

For personalized and confidential advice

Insurance services are available to SOGC members  through our consultant, Diane A. Gagne Financial Services.  This firm has gained significant experience working with healthcare professionals over the years and is committed to providing effective and valuable advice to CPA members.

For free professional advice about your insurance planning, contact an advisor at Diane A. Gagné Financial Services.  Your personal advisor will become a resource person who understands your particular needs and can provide  the most effective insurance plan advice for you, your family, and your corporation.