Please consider purchasing disability insurance.

A student who suffers a disability may continue to incur living expenses. It is better to pay those expenses by collecting insurance rather than borrowing more on your Line of Credit (LOC). LOC Insurance, often called Loan Protector Insurance, is not guaranteed coverage and has limitations.

Doctors Manitoba provides an exclusive disability insurance plan that is discounted and offered without a medical exam or other detailed health information. They offer this open enrollment between September 1 and October 31 each year. Please follow the link below to obtain more information and the link to the Application for Student Disability Income Insurance. If you have questions, or need assistance completing your application, please contact Mark Venton at mventon@doctorsmanitoba.camailto:mventon@doctorsmanitoba.ca.

https://doctorsmanitoba.ca/benefits-insurance/insurance/student-insurance

Disability insurance is also available from insurance companies and banks. These products have significant differences when compared to the Doctors Manitoba Student Disability Insurance, and I do NOT recommend that they be purchased.

I would be pleased to talk to you about disability insurance or any other financial topic, one-on-one. Please contact me via email to schedule a Zoom meeting at a time that is convenient for you.

Kind regards,

Wendy

Wendy L. Schultz, PhD, CPA, CA Financial Counsellor Max Rady College of Medicine | University of Manitoba Financial literacy blog: wendyschultzlifelessons.ca