Why Student Term Life Insurance?
It’s simple. If something were to happen to you, would your family be left with overwhelming financial burdens? While some medical education debt may be forgiven when a student dies, private loans may be the responsibility of loved ones. Cost-effective, quality life insurance protection makes sense.
$100,000 Term Life Insurance Protection for $40 A Year
The Medical Student Group Term Life Insurance Plan sponsored by the American Medical Association offers full-time medical students attending an accredited medical school $100,000 of Group Term Life Insurance for $40 a year, or $50,000 coverage for $20 a year. The benefit you select is automatically doubled, to $200,000 or $100,000, in the event of a covered accidental death. Your spouse or domestic partner under age 40 may also enroll, whether you enroll or not.
You May Keep This Coverage After Graduation
As a participant in the Student Term Life Insurance Plan, 12 months after you graduate, you’ll automatically be enrolled in the Physician Term Life Plan with the same benefits at a rate based on your current attained age. To continue coverage, just pay the billed premium.
You Are Guaranteed Acceptance
If you enroll during the open enrollment period, between July 1 and December 31, there are no physical exams or health questions required. Your signature is all you need to enroll, as long as you’re a full-time medical student under age 40, attending an accredited medical school.
New York Life Insurance Company
51 Madison Avenue, New York, NY 10010
On Policy Form GMR-FACE/G-30610-0
Under Group Policy No. G-30610-0
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Which Product May Be Right For Me?
Selecting the right insurance products can be confusing. 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?
Our work is unique; our insurance plans should reflect that. The only plans sponsored by the American Medical Association (AMA), we tap into the power of over one million physicians to offer you competitive rates and benefits from top insurance companies.