CVMA Insurance Program
Student & Graduate Insurance
The CVMA has designed a Student & Graduate Insurance Program that will give you and your loved ones peace of mind. Whether in the classroom or out in the field, take comfort in knowing you’re protected.
The Student & Graduate Insurance Program offers Life and Disability Insurance to students in all years one to four of study, as well as graduates until they become a CVMA member.
Each student who is a member of the Insurance Program pays an annual premium for the coverage. The premiums you pay depend on three factors: your age, gender, and smoking status.
| BENEFIT | COVERAGE | DESCRIPTION |
| LIFE INSURANCE | $25,000 | Pays a lump sum to your named beneficiary if you die while insured under this program |
| ACCIDENTAL DEATH | $25,000 | Pays an additional, equal benefit to your beneficiary if your death is the result of an accident |
| LONG-TERM DISABILITY | $2,000 Monthly Benefit | Pays a monthly benefit to you should you become disabled due to an injury or illness |
- Applicants must be under age 65 and residing in Canada
- Students must be registered full-time in the Program; Graduates must apply within the first 90 days after graduation from Veterinary College
- 90 day waiting period
No medical evidence is required.
No benefits will be paid during the first 2 years for any condition that required treatment or medical care during the 24 months prior to the effective date of coverage.
Coverage becomes effective on the first of the month following approval of your application.
- Competitive Premium Rates with male/female and smoker/non-smoker designations
- Conversion Privileges for Life Insurance
- May be used as Mortgage Protection
The rates are equal to that of the CVMA member rates and vary based on your age, gender and smoking status. The premium changes as you enter a new age bracket. Premiums are payable on the 1st of the month via pre-authorized bank deduction. Rates are reviewed on a yearly basis, each May 1st, and you will be advised in advance of any necessary rate changes.
AGE |
MALE |
FEMALE |
||
NON-SMOKER |
SMOKER |
NON-SMOKER |
SMOKER |
|
0-29 |
$22.11 | $23.33 | $21.38 | $22.11 |
30-34 |
$30.99 | $32.21 | $30.26 | $30.99 |
35-39 |
$35.80 | $37.53 | $35.13 | $35.90 |
40-44 |
$58.32 | $60.05 | $55.72 | $57.60 |
45-49 |
$66.71 | $71.96 | $64.99 | $68.46 |
50-54 |
$105.64 | $114.06 | $103.29 | $109.94 |
55-59 |
$126.06 | $139.99 | $122.29 | $132.79 |
60-64 |
$146.00 | $168.80 | $139.28 | $155.00 |
65-69* |
$36.53 | $72.05 | $26.33 | $50.78 |
*Long-term disability terminates at age 65
Is payable during the lifetime of the insured upon approval by the insurance company. You may request up to 25% of your Life Insurance amount. This applies if you are diagnosed with an illness that will result in death during the 12 months following the date of diagnosis.
You may convert the Life Insurance benefit without Evidence of Insurability within 31 days of the termination of your certificate to an Individual Life Policy currently available at the prevailing rates for that Individual Policy provided:
- You are under the age of 65, and
- The converted Life Insurance amount is not more than $25,000
NOTE: This summary is intended to provide a brief description of the benefits available under the CVMA Insurance Program and does not create or confer any rights. The exact terms and conditions of your benefits are outlined in the Certificate of Insurance provided upon acceptance. Some restrictions and/or limitations may apply to the benefits mentioned above. Please contact Western Financial Group for full details.
Total disability — Students
During the elimination period and the 5 following consecutive years:
A disability caused by an accident or illness that renders the individual totally incapable of studying fulltime in the veterinary medicine program.
After the above-mentioned period:
A disability caused by an accident or illness that renders the individual totally incapable of pursuing any gainful occupation for which he is reasonably suited by education, training or
experience, regardless of the availability of employment.
Total disability — Graduates
During the elimination period and the 5 following consecutive years:
A disability caused by an accident or illness that renders the graduate totally incapable of carrying out the main professional duties of a veterinarian or pursuing any other occupation
related to his field of study.
After the above-mentioned period:
A disability caused by an accident or illness that renders the individual totally incapable of pursuing any gainful occupation for which he is reasonably suited by education, training or
experience, regardless of the availability of employment.
Commercial Sales & Service
To better serve our clients, we have a dedicated team of specialists devoted to providing exemplary service to members of the CVMA Insurance Program.
Toll Free: (800) 665-8990