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American Medical Association Life Insurance: 2025 Review [For Doctors]

a male doctor visits with an older patient

Life insurance for doctors can be tricky. For that reason, the AMA and its subsidiary, the AMA Insurance Agency, have stepped in with great life insurance plans from top companies designed as no other plans have been to meet the unique needs of medical professionals. The AMA works with New York Life Insurance Company. Together, they offer rock-solid protection options to support your medical career.

AMA Life Insurance basics

The American Medical Association understands how important it is to protect the financial futures of its members and their families. For that reason, the AMA offers insurance policies and product features created just for physicians. These products assure peace of mind, financial security, and protection for your loved ones against life’s uncertainties.

The American Medical Association leverages its large pool of members to receive good rates and special benefits. Because of that fact, these plans are valuable for doctors at whatever stage of your career, either attending medical school or teaching hospitals, among other phases. Whether you are a starting resident or are a well-seasoned doctor ready to retire, the AMA has got the right solution for you.

Level Term Life Insurance

Level Term is a simple and popular option for AMA members, with exclusive rates available for members. It gives solid protection for a set time, usually 10, 15, or 20 years, and includes benefits for at least the first year of coverage. It offers a death benefit to your beneficiaries during your covered period. Perhaps the biggest bonus with Level Term is that, quite simply, it’s affordable. You’re guaranteed a fixed premium rate for the selected period, making payments easily budgeted.

You can choose coverage amounts ranging from $100,000 up to $4 million—the wide range allows the policy to more precisely meet your financial needs. An 8% discount for AMA members makes this plan even more desirable for the young physician seeking good life coverage.

Pure Term Life Insurance

Generally, because AMA’s Pure Term does not require a medical test, making its application easier. Your premiums are based on your age, creating a simple and affordable way to get life coverage.

Many physicians choose Pure Term to complement their work plans, providing their families with extra financial support. One of the biggest advantages of this policy is that it offers over $500,000 in living benefits.

Preferred Term Life Insurance

For doctors looking for long-lasting coverage at competitive rates, Preferred Term is a good choice for you and your spouse. It combines benefits and steady payments, offering financial security.

Unlike Level Term with fixed premiums, this initial term coverage plan has a special rate system. It starts with fixed premiums for 5 years, giving budget stability. After that, rates change every 5 years based on your age. This structure means lower initial costs, ideal for young doctors. As you advance in your career and finances improve, predictable rate changes keep your coverage enough.

Benefits of AMA Life Insurance

Besides the financial benefits, many other advantages come with getting insurance from AMA. Because they know what physicians need, this makes them very good at producing policies that give you real peace of mind.

Also, the American Medical Association is committed to serving their members before and after you buy a policy. They are committed to ongoing support, with continuous resources to ensure your coverage fits your ever-changing situation.

Financial Security and Peace of Mind

As a physician, you’re devoted to your patients, but there’s a lot to consider for your family’s financial future, too. Adding life insurance to your financial plan gives you peace of mind, knowing that your family is protected, come what may. As a physician, you’re devoted to your patients, but there’s a lot to consider for your family’s financial future, too.

Key Takeaways

The AMA offers a range of insurance options that provide doctors with financial security and peace of mind. From Level Term, Pure Term, or Preferred Term Life Insurance, AMA has options to help protect your loved ones from any unfortunate incident. To view all your physician life insurance options, request your quotes from LeverageRx today.

Compare quotes from AMA with other top-rated companies here!