OALA Affinity Life and Income Protection Coverages

Life Insurance

The O.A.L.A. Term Life Plan is available in units of $35,000. You may purchase up to sixteen units (for a total of $560,000).

When you apply for six units or more, an additional 10% discount is applied to these already low rates.


Income Protection

"Long Term Disability" insurance provides a continuing income in the event that you are unable to work as a result of a sickness, or accident.  The main features specific to the O.A.L.A. plan are as follows:

1) Accident Benefits - Under this plan accident benefits are payable for your entire lifetime as long as you remain totally disabled.

2) Sickness Benefits - Are payable to age 65 and can be extended to age 70 if you are still working and receiving earned income.

3) Cost of Living Adjustment - Benefits being paid are adjusted each year to reflect increases in the cost of living. (Up to 5% per year).

4) Own Occupation Clause - This plan pays benefits for a full five years if you are off work and unable to perform the regular duties of your own occupation, even though you might be employable in any other occupation. Most other plans only have a two-year "own occupation" clause.

5) Partial Residual Benefits - Pays if disabled, then return to work, but because of the disability, earnings are reduced.  Post disability benefits are adjusted in proportion to reduction in pre-disability income.  Benefits cease when post disability earnings reach former level, or to age 65, whichever is earlier.

How Much Coverage are You Eligible For?

Plan Details-English Version

Plan Details-French Version


Office Overhead

If you operate a sole practice or are in a partnership, you will find the Office Overhead Expense Insurance plan very useful, since it will provide reimbursement for expenses such as rent, salaries of your staff, utilities, leased or rented equipment, etc. in the event that you are temporarily disabled.