OMA Insurance

OMA Insurance Important Update


OMA Insurance recently transitioned the program to Manulife. To ensure policyholders were informed about the transition, OMA Insurance hosted a member forum, where the OMA Insurance leadership team and their partner, Manulife, provided answers to the most pressing questions from policyholders. To receive a copy of this video, please contact info@omainsurance.com.

If you need assistance creating your Manulife ID and/or accessing the details of your insurance coverage, you can view the Transition page to get answers to common questions and to learn how you can be supported with the change to Manulife. If you have specific policy questions or have not received a welcome package, please contact OMA Insurance’s dedicated contact centre at 1-888-596-8881, or email more_info@manulife.ca.

OMA Life and Disability Insurance


OMA Insurance provides insurance advice, service, and solutions to meet the unique needs of physicians and their families. Non-commissioned team members provide intelligent, relevant, and helpful solutions and recommendations for physicians at every stage of their career.

Coverage for Practising Physicians

OMA Group Insurance


Group Critical illness insurance

Receive a tax-free lump sum benefit of up to $250,000 for member and spouse, when you survive a diagnosis of one of 25 illnesses, including heart attack, stroke, and cancer. You may use these funds as you see fit, helping you and your family with the additional expenses that accompany a critical illness.

Group Disability insurance

Disability insurance is a simple and cost-effective way of providing a steady flow of tax-free income during a period of disability. Your OMA disability insurance plan is designed to keep pace with your needs throughout your career with physician-specific coverages to protect you from the financial impact of sickness or injury with up to $25,000 per month of coverage.

Group Life insurance

OMA Insurance has life insurance solutions to suit every stage of your life and career, with coverage available for member and spouse from $100,000 to $3,000,000.

  • Flex Term 10 & Flex Term 20
  • Term Life Plus 75

NEW: Permanent Life and Individual insurance products


Understanding that OMA members’ needs evolve over time, we have further enhanced our OMA Insurance platform to include individual insurance products. We offer Permanent Life insurance products. Our knowledgeable OMA insurance advisors can provide you with unbiased advice and assist based on your unique life insurance needs.

Additional individual insurance products can be purchased to complement our group products or bought on their own. An individual insurance product provides members with the ability to own their policy contract directly with the insurer.

Our platform of individual insurance offerings includes life insurance, disability, long-term care and critical illness products from reputable insurers. Through a robust due diligence process, we select the best-in-class insurance partners to bring our member options when reviewing their insurance needs. Below you will find a list of our preferred partners and links to more information on their life insurance and living benefit products.

Our individual (third party) insurance partners:

  • Canada Life: Products include life, critical illness and disability
  • Canada Protection Plan: Offerings include simplified life and simplified critical illness insurance
  • Hunter McCorquodale: Coverage includes Special Risk Life, Disability and Personal Accident insurance
  • Industrial Alliance: Products include life and disability insurance
  • Manulife: Coverage includes life insurance, critical illness, disability insurance and Manulife Synergy
  • MyDignity: Home care/long term care insurance
  • RBC Insurance: Offerings include life, critical illness, and disability insurance
  • Sun Life: Products include life and critical illness insurance

Visit OMAinsurance.com for further details.

Coverage for Students and Residents

Essentials for Students/Residents


Medical school is expensive. This unique offer features discounted disability rates, plus complimentary life insurance while in medical school. Your disability benefits will automatically increase as you progress through medical school, from $2,000 during your first year up to $4,500 in your fourth year and will continue throughout residency.

  • $200,000 of complimentary life insurance while in medical school
  • 75% discount on disability insurance that carries through until the end of medical school
  • No medical questions or exams if you apply as a first-year medical student. Simplified underwriting will be required in subsequent years
  • Portable worldwide and automatically transitions with you into residency and practice

Visit OMAinsurance.com for further details.

Coverage for Physicians Transitioning to Practice

Essentials for Physicians


Given the demands that the post-residency period brings, the “Essentials for Physicians” offer gives residents the ease and flexibility to choose all or a combination of life, disability, and professional overhead expense insurance.

  • Up to $5000/month of professional overhead expense insurance with a 50% discount on premiums for your first two years of practice
  • Up to $11,000 monthly disability insurance benefit
  • $200,000 of Group Term life insurance
  • Worldwide portability
  • A simple application process if you enroll within 120 days of successfully completing residency

Visit OMAinsurance.com for further details.

Meet Your Advisor


Venessa Cormier
Insurance Advisor, New Brunswick & Prince Edward Island
LLQP
Phone: (416) 340-2976
Email: venessa.cormier@oma.org

Venessa has been working in the Insurance industry for 13 years.  She graduated in 2009 after completing a medical administration certification and began working for Medavie Blue Cross after graduating.  She decided to pursue and successfully completed her LLQP in 2012 and began working as an Insurance Sales advisor.  In 2017 she decided to continue growing her career by joining a brokerage and continuing advising and helping clients with their living benefits and insurance needs.

She joined the OMA Insurance Team in January 2022 to continue to broaden her experience and grow her career with a company that put great focus on their mission, vision, and values that are also very important to her. Being there for the members and helping them meet all their insurance needs and concerns is why she loves what she does.

In her spare time Venessa enjoys spending time with her children and family doing outdoor activities in the beautiful province of New Brunswick and enjoys singing karaoke when time allows. She loves to travel and looks forward to being able to begin the adventures again.

For more information, please contact Venessa Cormier, Insurance Advisor, New Brunswick & Prince Edward Island, at venessa.cormier@oma.org or (416) 340-2976.