When you enroll as an MVP, we’ll fund your account with an initial contribution that grows over time.
Balances grow with quarterly contributions as long as you remain insured with SVMIC. And, you can always check your balance, vesting date, and other information on your Vantage® portal.
To qualify for the payout, you must permanently leave the practice of medicine either through death, disability, or retirement after the age of 50. And, if you aren’t over the 5-year vesting mark, we’ll make a prorated payment, as long as you meet all of the other requirements.
No. The MVP has no effect on premiums.
The MVP is funded from Policyholders’ surplus and will not affect future dividends.
None. The MVP is entirely funded by SVMIC.
As long as you meet all the other eligibility criteria, being in a group does not affect eligibility for MVP.
You can opt-in online using your Vantage account, or you can complete a paper opt-in form and email or fax it back to us.
Here are some Frequently Asked Questions and answers. Of course you can always contact our team at (800) 342-2239 or ContactSVMIC@svmic.com.
For further questions, please download our MVP Owner's Manual.