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OMA Life Insurance

The Ontario Medical Association, or OMA, represents the needs of physicians and medical workers in Ontario. OMA offers unique benefits to their members, and recognizes the unique needs for health and life solutions for physicians and their families. OMA offers life insurance at affordable rates. OMA insurance is underwritten by Canada Life.

OMA Term Life

  • Available in 10 or 20 year terms.

  • Guaranteed rates for the length of your term.

  • Coverage from $100,000 to $10 million.

  • Convert to a permanent insurance plan and enjoy fixed rates for life.

  • Preferred rates available.

OMA FlexTerm Life

  • Available as a 10 year term.

  • On renewal, you may choose another 10 year term or renew annually.

  • Coverage from $100,000 to $3 million.

  • Interim coverage option available.

OMA Term Life Plus 75

  • Permanent insurance for life, with guaranteed rates.

  • Coverage from $100,000 to $1 million.

  • A 10% increase on your coverage each year for 10 years.

  • Pay no premiums after age 75.

Please compare this institution to the rest of the Canadian market to ensure you’re getting the best possible conditions on your life insurance coverage.

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Compare Canadian Life Insurance
Your Requirements:
Cover for:

Types of cover:

Life Cover

Life Insurance pays a sum to the beneficiary of the insured’s policy in the event the insured dies during the term of the policy.

Critical Illness

Critical Illness Insurance pays a benefit to the insured in the event the insured is diagnosed with a predefined illness during the term of the policy.

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Amount of Cover:

Here you can choose how much you would like the beneficiaries of your policy to receive in the event of your death.

Things you may consider are the amount required to maintain your family’s standard of living and the cost of paying off any large debts you may have such as a mortgage.

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