Disability Insurance

ADIUM Insurance Services Inc.

The AMA's Disability Insurance plan provides a monthly income if an illness or accident prevents you from working. It’s your own safety net in case you can’t work.

Disability insurance can help you avoid using other funds to take care of expenses. You’ll have help covering your usual bills or the extra costs you may have while you get better.

The monthly income is especially helpful if:

  • You have a mortgage to pay
  • Your family couldn't manage without your income
  • You have elderly parents who depend on you financially
  • You’re a single parent
  • You would have to tap into your savings to pay day-to-day expenses
  • You would have to stop saving for your retirement or your children's education

Why buy through the AMA?

Competitive group rates

By purchasing insurance through ADIUM you get competitive rates.

AMA Premium Credit™

For the 15th year in a row, we’ve returned excess premiums to AMA members*. This means significant savings for you.
Disability Insurance – 5% off our published rates in 2019.

How much coverage can you apply for?

  • The benefit amount (from $500 to $25,000) you can apply for is determined by your income.
  • You choose the elimination period (the length of time you’re off work before benefits start) that suits you and controls your costs. Choose from 30, 60, 90 or 120 days.

Extra advantages

Guaranteed acceptance

The first $1,500 of monthly disability coverage will be issued without medical evidence of insurability (and with a 90-day elimination period), if you are within your first six months of full-time practice in Alberta and are under age 65. A pre-existing condition limitation applies during the first 24 months that coverage is in effect. This means that no claims as a result of a pre-existing condition will be paid. If applying for coverage above this monthly benefit amount, you must provide medical evidence of insurability.

Waiver of Premium

No premiums to pay if you are disabled for 90 consecutive days or more.

Survivor benefit

Additional three-month payment to your estate if you pass away while disabled.

Transplant donor or cosmetic surgery

Coverage if you’re totally disabled due to transplant donor or cosmetic surgery. You may be entitled to benefits if:

  • Your coverage has been in-force for at least six months;
  • You have completed the elimination period and
  • You have been continuously totally disabled for at least 30 days.

HIV or Hepatitis B/C Positive benefit

If you test positive for HIV or become a carrier of Hepatitis B or C virus, you may qualify for some benefits even if you are not disabled and are asymptomatic.

You must be 65 or under and have experienced at least a 20% loss of income because of regulatory requirements for disclosure or limiting your practice.

Recurrent disability benefit

No elimination period if your disability recurs within six months. If you have a total or residual disability from the same cause within six months of a previous period of benefit payments ending, your benefits continue for the remainng time from the original claim. You don’t have to complete the elimination period.

Optional riders you can purchase

Guaranteed Insurability Benefit (GIB)

Guarantee you can get more coverage later, regardless of your health. You won’t have to provide proof of good health (proof of income is required).

You must be 55 or under and have enough income to warrant the increase. You can buy up to $2,500 of additional coverage at each option period, in units of $100, subject to the maximum limit.

Cost of Living Adjustment (COLA)

This ensures your coverage keeps up with the rise in the cost of living, according to the Alberta Consumer Price Index. There’s a 6% maximum. It applies if you’ve been disabled for 12 consecutive months, and continues until you’re 65.

Own Occupation

Own Occupation protects your earning power. With this benefit, you are considered to be totally disabled from your regular occupation and entitled to disability benefits – even if you return to work performing different duties or find work in another field. This benefit ends once you reach age 65, at which time the condition that you must not be “engaged in any other gainful occupation” is once again applied to the definition of total disability.

Retirement protection

Monthly contributions to a savings plan while you are disabled.

During a period of total disability, it might be difficult to continue contributing to your RRSP while trying to manage daily expenses. This rider provides a monthly contribution to an investment account beginning after 90 consecutive days of total disability and continuing for each month you remain totally disabled, up to age 65. If your annual earned income net of expenses is:

  • less than $100,000 your monthly benefit amount is $500; or
  • greater than $100,000 you may choose a monthly benefit of either $500 or $1,000.

You must be under the age of 55 to apply for this rider.

How do I determine my insurance needs?

Find out how much you need and what it will cost. Get an instant online estimate of your rates.

Learn more about AMA’s Disability Insurance Plan

AMA Group Insurance Plans 2019 provides descriptions and highlights (coverage and exclusions) of AMA group insurance plans.

Here are some key points to know:

  • There’s no benefit payment if the disability results from:
    • An act of war.
    • Willing participation in a riot or act of civil disobedience.
    • Injuries or sickness contracted while in the military for any country at war.
    • Normal pregnancy or childbirth.
  • You cannot get a benefit payment while in prison.
  • If you’re receiving other disability payments (for example, from other insurance policies that you buy after you’ve set up this policy), it may reduce your monthly payment from your AMA coverage. Please contact ADIUM for further information.

How do I apply?

Contact us

View contact information for all insurance programs

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