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This page provides an overview of your insurance premiums and outlines when payments will be withdrawn based on your choice of annual or monthly deductions.

To determine your premium and payment options:

  1. Find the appropriate section based on your gender and smoking status
  2. Select your age bracket
  3. Select your Disability Insurance coverage level ($3,500 or $4,000 monthly).

Annual vs. Monthly Premium Deductions

Residents may choose to pay premiums as an annual lump sum or through monthly deductions. The tables below show both options for Disability Insurance, Accidental Death & Dismemberment Insurance, and Term Life Insurance.

  • Monthly premium deductions for Disability Insurance and Accidental Death & Dismemberment Insurance are processed on the 10th of each month or the next business day if the 10th falls on a weekend or bank holiday.
  • Monthly premium deductions for Term Life Insurance are processed on the 20th of each month or the next business day if the 20th on a weekend or bank holiday. 
  • Annual premium deductions for new Residents occur on the first business day of July. Additional lump‑sum deductions may be processed at the end of each month if premiums cannot be collected at the start of the policy year.

First-Year Coverage

Coverage for new residents begins on July 1 and is prorated as follows:

  • Disability Insurance and Accidental Death & Dismemberment: coverage runs until May 31 (11 months) and renews on June 1.
  • Term Life Insurance: coverage runs until December 31 (6 months) and renews on January 1.

You will receive a summary of your premiums and withdrawal schedule after your application is processed and annually thereafter.

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*All premiums include 7% Manitoba Sales Tax (sales tax will be calculated based on the address as provided on your membership application)

Female, Non-Smoker

Below you will find an estimate of your resident physician insurance premiums and payment options.

$3,500 Monthly Benefit — Disability Insurance
Annual Deduction Monthly Deduction 1st Year Period
Long Term Disability ($4,000 monthly) $2,993.21 $272.11 11 months (July 1 to May 31)
Accidental Death & Dismemberment ($50,000) $14.71 $1.34 11 months (July 1 to May 31)
Term Life Insurance ($150,000) $186.18 $31.03 6 months (July 1 to December 31)
TOTAL PREMIUM $3,194.10 $304.48

Annual Deduction

If you decide to pay annually, the total amount will be withdrawn on or around July 2. For your second or subsequent years:

  • Your long term disability and accidental death & dismemberment premium will be withdrawn on or around June 1.
  • Your term life premium will be withdrawn on or around January 2.

Monthly Deduction Option

If you decide to pay monthly:

  • your first monthly payment will be withdrawn on or around June 10. 
  • Your annual term life premium will be withdrawn on or around July 2, and for your second and any subsequent years, it will be withdrawn on or around January 2.
$4,000 Monthly Benefit — Disability Insurance
Annual Deduction Monthly Deduction 1st Year Period
Long Term Disability ($4,000 monthly) $3,402.31 $309.30 11 months (July 1 to May 31)
Accidental Death & Dismemberment ($50,000) $14.71 $1.34 11 months (July 1 to May 31)
Term Life Insurance ($150,000) $186.18 $31.03 6 months (July 1 to December 31)
TOTAL PREMIUM $3,603.20 $341.67

Annual Deduction

If you decide to pay annually, the total amount will be withdrawn on or around July 2. For your second or subsequent years:

  • Your long term disability and accidental death & dismemberment premium will be withdrawn on or around June 1.
  • Your term life premium will be withdrawn on or around January 2.

Monthly Deduction Option

If you decide to pay monthly:

  • your first monthly payment will be withdrawn on or around June 10. 
  • Your annual term life premium will be withdrawn on or around July 2, and for your second and any subsequent years, it will be withdrawn on or around January 2.

Female, Smoker

Below you will find an estimate of your resident physician insurance premiums and payment options.

$3,500 Monthly Benefit — Disability Insurance
Annual Premium Monthly Premium 1st Year Periods
Long Term Disability ($3,500) $3,295.80 $299.62 11 months (July 1 to May 31)
Accidental Death & Dismemberment ($50,000) $14.71 $1.34 11 months (July 1 to May 31)
Term Life Insurance ($150,000) $308.16 $51.36 6 months (July 1 to December 31)
TOTAL PREMIUM $3,618.67 $352.32

Annual Deduction

If you decide to pay annually, the total amount will be withdrawn on or around July 2. For your second or subsequent years:

  • Your long term disability and accidental death & dismemberment premium will be withdrawn on or around June 1.
  • Your term life premium will be withdrawn on or around January 2.

Monthly Deduction Option

If you decide to pay monthly:

  • your first monthly payment will be withdrawn on or around June 10. 
  • Your annual term life premium will be withdrawn on or around July 2, and for your second and any subsequent years, it will be withdrawn on or around January 2.
$4,000 Monthly Benefit — Disability Insurance
Annual Premium Monthly Premium 1st Year Period
Long Term Disability ($4,000 monthly) $3,744.43 $340.40 11 months (July 1 to May 31)
Accidental Death & Dismemberment ($50,000) $14.71 $1.34 11 months (July 1 to May 31)
Term Life Insurance ($150,000) $308.16 $51.36 6 months (July 1 to December 31)
TOTAL PREMIUM $4,067.30 $393.10

Annual Deduction

If you decide to pay annually, the total amount will be withdrawn on or around July 2. For your second or subsequent years:

  • Your long term disability and accidental death & dismemberment premium will be withdrawn on or around June 1.
  • Your term life premium will be withdrawn on or around January 2.

Monthly Deduction Option

If you decide to pay monthly:

  • your first monthly payment will be withdrawn on or around June 10. 
  • Your annual term life premium will be withdrawn on or around July 2, and for your second and any subsequent years, it will be withdrawn on or around January 2.

Male, Non-Smoker

Below you will find an estimate of your resident physician insurance premiums and payment options.

Male, Smoker

Below you will find an estimate of your resident physician insurance premiums and payment options.

$3,500 Monthly Benefit — Disability Insurance
Annual Premium Monthly Premium 1st Year Periods
Long Term Disability ($3,500) $3,061.97 $278.36 11 months (July 1 to May 31)
Accidental Death & Dismemberment ($50,000) $14.71 $1.34 11 months (July 1 to May 31)
Term Life Insurance ($150,000) $385.20 $64.20 6 months (July 1 to December 31)
TOTAL PREMIUM $3,461.88 $343.90
$4,000 Monthly Benefit — Disability Insurance
Annual Premium Monthly Premium 1st Year Period
Long Term Disability ($4,000 monthly) $3,482.74 $316.61 11 months (July 1 to May 31)
Accidental Death & Dismemberment ($50,000) $14.71 $1.34 11 months (July 1 to May 31)
Term Life Insurance ($150,000) $385.20 $64.20 6 months (July 1 to December 31)
TOTAL PREMIUM $3,882.65 $382.15
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