Not-for-Profit means more money in your pocket in 2018
The Doctors Manitoba Insurance Services once again delivers solid results for our members. Participants in the Doctors Manitoba Group Disability Plan (underwritten by Manulife Financial) will see lower rates for the 2018-19 policy year. The refund will be 10%, up from 5% from the previous policy year. The non-profit nature of the plan allowed us to return excess premiums (gross premiums less claims and expenses) to plan participants. And, for the first time ever, enrollment has exceeded 1600 members!
We are also very pleased to advise that participants in the Doctors Manitoba Group Overhead Expense Plan (Underwritten by Manulife Financial) will receive a 75% refund for the 2018-19 policy year. This is not an anomaly. The 5 year average rate of refund has been 75%, making our Overhead Expense Plan an industry leader year over year. If you have a medical practice where you are responsible for overhead costs, overhead expense coverage can protect you in the event of a personal illness or accident.
In addition, the Doctors Manitoba Group Term Life Plan (underwritten by The Great-West Life Assurance Company) will see a 50% refund for the 2018 policy year and the highest participation levels of any of our insurance plans.
We are very proud of these results, and they happen because members put their trust behind Doctors Manitoba and the products and the service that we provide.
Have you reviewed your coverage lately?
It is likely time to review your insurance needs and Doctors Manitoba is prepared to help you. You may contact one our Insurance Services staff:
Mr. Gord Brennan (Mobile Account Representative)
(204) 985-1140, firstname.lastname@example.org
Mr. Mark Venton (Insurance Manager)
(204) 985-5846, email@example.com
Ms. Amber Pauls (Insurance Administrator)
(204) 985-5847, firstname.lastname@example.org
Whether you need a summary of your insurance, a quote on new/additional coverage, or a needs analysis related to; debt, line of credit, mortgage insurance, funds for surviving dependents, we are available to help.
Critical Illness Insurance – Coming in 2019
Critical Illness Insurance (underwritten by SSQ Financial) will be added to the Doctors Manitoba Insurance product shelf. Coverage will be made available for members, spouses and eligible dependents for 24 covered conditions including Cancer, Heart Attack and Stroke.
A non-medical Open Enrollment of up to $60,000 will occur in October, November and December 2018 for coverage effective January 1, 2019. Watch for announcements this Fall.
After 33 years with Doctors Manitoba, Insurance Coordinator Glenna Murray retired. Glenna plans to spend her retirement with family and travelling to warmer climates. A retirement dinner was held in her honour and she will be missed by members and staff alike.
If you have questions about Mortgage Insurance, please contact us.
The purpose of Mortgage Insurance is to pay your off your house loan in the event of your death.
However, Mortgage Insurance benefits decrease as you pay your mortgage down, but your premiums stay the same. Term Life insurance can replace mortgage insurance, pay off other debts, and provide beneficiaries with flexibility.
Doctors Manitoba is pleased to announce a new Partnership with Garriock Insurance.
Garriock Insurance is a Manitoba brokerage with 6 convenient locations and on-line capabilities to shop the industry for the right policies at the right premiums. For a no obligation quote for house, cottage, rental home, recreational vehicle, and more, please contact 204.942.7563 or toll free 1.877.942.7563
Identify yourself as a Doctors Manitoba member and take advantage of group rates.