Medical Students in Canada who are members of the Canadian Federation of Medical Students (CFMS) have a great advantage when it comes to disability coverage. Members may enroll for coverage and unless they have been declined coverage before, their enrollment is guaranteed. This product is underwriten by the RBC Insurance. This provides life long disability coverage even for students who currently have health issues. (A pre-exculsion period may be added).
Generally, students are insurable however the "guaranteed issue" benefit can still be usefull. Since the policy may contain a "Future Income Option", members may add to their policy in later years, and may never need to prove good health when their income increases.
Other benefits of the CFMS plan are;
Guaranteed Definitions, Guaranteed Premiums, World Wide Portability, and membership is not required in the future. In fact, the policy goes as far to say that your occupation may change in the future and the policy will still remain in force- Guaranteed.
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