Protect everything you've worked so hard to create
Life insurance is a key component of a strategic Total Wealth Plan for radiologists and their families. Whether your goal is to protect your income, preserve your legacy or minimize taxes, your MD Advisor* can incorporate tailored life insurance strategies as part of a holistic plan to help you meet your financial goals.
Tailored insurance solutions for each stage of your career
With the combined expertise of MD Financial Management (MD), Scotia Wealth Insurance Services and its suppliers and partners, Canadian Association of Radiologists members have access to a wide range of insurance solutions for each stage of their lives and careers.
Permanent life insurance
Creating substantial wealth doesn’t happen by accident. Permanent life insurance can reduce exposure of assets to taxation and provide tax-advantaged growth that can help maximize and preserve the wealth you intend to pass on to the next generation.
Term life insurance
Term life insurance offers financial protection for a specified period – anywhere from 10 to 30 years. It provides peace of mind knowing that your family is taken care of and has the means to maintain their standard of living.
Critical illness insurance
If you’re diagnosed with a covered medical condition, critical illness insurance provides a one-time, tax-free lump sum that can be used to cover living expenses and unexpected costs, allowing you and your family to concentrate on your recovery while keeping your Total Wealth Plan on track.
Disability insurance
Your ability to earn an income is arguably your most valuable asset. Disability insurance helps you and your family financially by replacing a portion of your income if you can’t work due to a covered illness or accident.
Ready to optimize your Total Wealth Plan with insurance?
Resources
Life insurance calculator
Use this calculator to estimate how much life insurance coverage is required to meet your family’s needs if something happens to you.
Medical school cost calculator
How much does medical school cost in Canada? Use the tool below to calculate the all-in costs of your medical school education, from tuition to books, living expenses and more.
Retirement savings calculator
Estimate how much your retirement savings and investments will be worth at retirement, and compare against your desired retirement income to see if you are on track to meet your goals.
Net worth calculator
Estimate your total net worth based on your current assets (what you own) and liabilities (what you owe) and compare your results to other Canadian households.
The MD difference
We’re the only national financial services firm with more than 50 years of service exclusively to physicians and their families – and that’s given us unparalleled insight into your financial requirements. We believe life insurance should be part of a thoughtful approach to managing wealth, not treated as a standalone product. We take pride in offering medical professionals often-overlooked strategies that can significantly impact their family, business and future in a compelling and enduring way. Our team of dedicated professionals will objectively analyze your financial situation to offer holistic advice and implement strategies to meet your unique needs.
* MD Advisor refers to an MD Management Limited Financial Consultant or Investment Advisor (in Quebec), or an MD Private Investment Counsel Portfolio Manager.
MD Management Limited was the first of the MD Group of Companies to be founded, in 1969. MD Financial Management Inc. wholly owns MD Management Limited. MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies and Scotia Wealth Insurance Services Inc. For a detailed list of the MD Group of Companies visit md.ca and visit scotiawealthmanagement.com for more information on Scotia Wealth Insurance Services Inc.
All insurance products are sold through Scotia Wealth Insurance Services Inc., an insurance agency and subsidiary of Scotia Capital Inc., a member of the Scotiabank group of companies. When discussing life insurance products, advisors are acting as Insurance Advisors (Group Insurance and Group Annuity Plans Advisors or Group Annuity Plans Advisors in Quebec) representing Scotia Wealth Insurance Services Inc. Eligibility requirements, limitations and exclusions apply to the types of insurance products referenced. References to tax treatment are based on the principal Canadian federal tax laws and regulations which are subject to change. When making tax planning decisions, you should consult with your tax and legal advisors.
Scotia Wealth Management™ consists of a range of financial services provided by The Bank of Nova Scotia (Scotiabank®); The Bank of Nova Scotia Trust Company (Scotiatrust®); Private Investment Counsel, a service of 1832 Asset Management L.P.; 1832 Asset Management U.S. Inc.; Scotia Wealth Insurance Services Inc.; and ScotiaMcLeod®, a division of Scotia Capital Inc. Insurance products and services are offered and sold exclusively by Scotia Wealth Insurance Services Inc., an insurance agency and subsidiary of Scotia Capital Inc.
® Registered trademark of The Bank of Nova Scotia, used under licence.
™ Trademark of The Bank of Nova Scotia, used under licence.