Level Term Life Insurance

An exclusive life insurance option for physicians and their families, at a rate that remains fixed for the duration of the selected term.

What is Level Term Life?

AMA-sponsored Group Level Term Life Insurance provides physicians with solid, level protection—all for a specially negotiated cost.  Combined with its exclusive rates for physicians and high benefit amounts, this coverage can be a great way to help protect your loved ones if something should happen to you. Up to $4 million in solid insurance protection with rates guaranteed not to change for 10, 15 or 20 years, depending on wusively phich coverage you select. Your benefit amount will remain level for the entire time you’re insured.

Exclusively priced, may be ideal for families

You can apply for coverage for your spouse or domestic partner at the same exclusively priced physician rates. Spouses or domestic partners can apply for Level Term Life coverage even if you choose not to apply.

You can purchase $25,000 in coverage for each eligible child for a flat rate of $60 a year.

AMA Members are eligible for a 4% premium credit for at least the first year of coverage.

Cover terminal illness expenses with living benefits

While insured, you may request living benefits—also referred to as “accelerated death benefits”. This allows a terminally ill insured with a life expectancy of 24 months or less to request a portion of his or her death benefit in a lump sum to help cover expenses during such a difficult time. Please note: Living Benefits may be taxable. Please consult with your personal tax advisor for details.

Personal service from our Insurance Specialists

As a physician, your schedule can be very demanding and carving out time to address your insurance needs might be challenging.  Our Insurance Specialists are here to help make that process easier and to help you select the life insurance coverage that meets your unique needs. And unlike many insurance agents, our Insurance Specialists do not work on sales-based commissions.

New York Life Logo

Underwritten by:
New York Life Insurance Company
51 Madison Avenue, New York, NY 10010
On Policy Form GMR-FACE/G-30612-0 (10 Year), G-30614-0 (15 Year), G-30615-0 (20 Year)
Under Group Policy No. G-30612-0 (10 Year), G-30614-0 (15 Year), G-30615-0 (20 Year)

NEW YORK LIFE and the NEW YORK LIFE
Box Logo are trademarks of New York Life Insurance
Company. Other trademarks are the property of their
respective owners.

Apply Online

Visit the enrollment site to apply online.

Apply By Mail

Select your state to download an application to apply by mail.

Apply By Phone
8am – 5pm (CT)
Monday – Friday
888.627.5902

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Rates current as of 2024.

The AMA-sponsored Level Term Life Plans are underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010, under Group Policy No. G-30612-0 (10 Year), G-30614-0 (15 Year), G-30615-0 (20 Year) on Policy Forms GMR-FACE/G-30612-0 (10 Year), G-30614-0 (15 Year), G-30615-0 (20 Year). Plans may not be available in all states and product features may vary by state.

*Quotes are for illustrative purposes. For qualified non-tobacco users in good health and who meet additional underwriting guidelines the rate shown is the Super Preferred Risk Class.     Preferred Plus and Preferred rates are also available. For tobacco users the rate shown is the Tobacco Risk Class.

Related Info & Products

Which Product May Be Right For Me?

Browse lists of products for physicians at different points in your medical career, or talk to an Insurance Specialist for more specific guidance and assistance.

Why AMA Insurance?

Your work is unique; your insurance should reflect that. The only plans sponsored by the American Medical Association, we tap into the power of over one million physicians to offer you specially negotiated rates and benefits from top insurance companies.