IMG Disability Insurance Offer

Why do medical students need disability insurance?

There is a lot of insurance terminology in this section.  Please follow the link below to help you better understand.

Glossary of insurance terms


Zavitz Insurance has negotiated a disability insurance program for IMG students through RBC Insurance designed specifically for your needs. It is a career plan, as it provides top notch protection not only through residency but throughout your entire career.

  • 5 months free coverage
  • 25% discount for life, applicable to the base contract and all future benefit increases
  • Simple one page enrollment form
  • No medical requirements – four simple questions
  • Career plan, which offers you top notch protection through medical school, residency and practice
  • Ability to add the own occupation rider anytime between now and 6 months after the end of residency without medical evidence
  • Upgradable Future Insurance Options (FIO) which allows you to choose a small annual FIO amount and increase it to up to $3000 anytime between now and 6 months after the end of residency without medical evidence
  • Option of Level or Graded Premium
  • Opportunity to increase your policy up to $25,000/month over the life of your career
  • Fully guaranteed professional contract
  • Ability to purchase a small upgradable policy in addition to any association coverage taken

As an IMG student, you can obtain up to $4000/m of disability insurance. This coverage can be increased upon fellowship and/or entering first year practice and every year thereafter based on your earned income.  

Yes, coverage can be carried anywhere in the world.

No, rates are based on your age, gender, smoking status and the IMG discount. By applying with medical evidence, your rate will still be based on the criteria listed above and your health or medical testing could preclude you from receiving a standard issue plan.

Yes, you can elect the amount of coverage you would like (up to $4,000), the premium structure (Level or Step Rate), the definition of disability (regular occupation or own occupation) and the amount that you increase your coverage by each year through the future insurance option ($500 to $3000).

Yes, the IMG plan is a special offer. However, the coverage terms and provisions are the same as what is offered to practicing physicians. Since no medical evidence is required to obtain this plan, the insurance company places a two year pre-existing condition amendment to the policy. This amendment is further explained below.

If you had a pre-existing condition within the 24 months prior to coverage being inforce and the disability is related to a pre-existing condition and begins within 24 months after the coverage is in effect, then that condition would not be covered. However, after two years, all conditions are covered.

Yes, wording and pricing are guaranteed which makes this offer unique to the marketplace. The insurance company cannot change pricing or terms of your insurance until after age 65. The only exception is the Health Care Rider which currently has no premium. However, if the insurance company experiences significant claims, they can choose to charge a premium for this benefit.

This plan is designed to provide you with the coverage you rely on throughout your career. Should a claim arise during Residency, you may be eligible to collect under both plans. If you would like to have the IMG plan offset against your Residency coverage, then an additional 10% discount can be added to your plan during Residency. Please consult your insurance advisor for more information in this area.

No, you will be offered a discount on insurance purchased today AND any coverage purchased in the future (using the Future Income Option rider). As most coverage will be added post Residency, this feature allows for substantial savings over your career.

Yes, however, a full application must be completed with full evidence of health.

You have the option to bring your policy up to $25,000/month (based on financial evidence). This will insure a net income in excess of $935,000 without medical testing.

You can still apply for a policy with a full application requiring medical evidence. However, the 25% discount with RBC will no longer be available.

There are many contractual differences between association plans and the IMG offer. Contractual differences are significant to disability policies as the contract dictates how you get paid, when and for how long. The major discrepancies outside of the contract are that associations typically do not offer guarantees to contract or premium, nor do they have a representative to assist you when you need to increase your coverage or make a claim. To go through these differences in more detail please ask your insurance advisor.

Now. You should apply for coverage while you are an IMG student and can qualify for this unique offer.  While the deadline is 6 months after completing the IMG program, time slips away, so do not miss out! 

If you have loans, a mortgage or dependents you should be considering life insurance. For more information on the coverage available, please visit our products and services or speak with your insurance advisor.

Critical Illness insurance will pay a lump sum benefit upon diagnosis of one of the covered illnesses (approximately 20 included). Many policies include an optional return of premium provision which allows for a refund of 100% premiums paid if you do not make a claim on the policy. As a medical student you are eligible for 5 months free coverage with RBC Insurance. For more information on critical illness insurance, please visit our products and services or speak with your insurance advisor.