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Student Term Life Insurance
Medical Students graduated in 2011 with an average $160,000 in debt.* While the thought of death at your age is a difficult one, you may want to consider a plan to help lift the potential burden your family might face if the worst were to occur.
The Student Term Life Insurance Plan: $25,000 of term life insurance for only $10 a year. Double your protection to $50,000 for just $10 more a year.
The Medical Student Term Life Insurance Plan:
- Benefits are automatically doubled for accidental death - $50,000 or $100,000.
- Acceptance is guaranteed for medical students attending approved schools.
- There are no physical exams or health questions.
- Your coverage can be extended after graduation regardless of your health at that time.
- Spouses or domestic partners are also eligible to apply.
You've made some hard decisions to get where you are as a medical student. Now make a very easy decision to help protect yourself, your family, and your future.
Student Term Life Insurance Coverage Details
Features & Benefits
Eligible medical students have guaranteed acceptance in this plan during the open enrollment period (July 1 through December 31).
Choice of Benefit Levels
Select $50,000 of term life insurance coverage for just $20 a year or $25,000 of coverage for $10 a year. Spouse coverage is also available.
Double Benefits for Accidental Death
When death is due to a covered accident, your beneficiary is paid double the regular benefit.
Benefits for Loss of Sight or Limbs
This plan pays up to the full regular benefit amount for the entire and irrecoverable loss of sight in both eyes, loss of two limbs or even the loss of use of two limbs due to a covered accident. One-half of the benefit is paid for the loss of one limb, or loss of its use, or loss of sight in one eye due to a covered accident.
Premiums Waived if You Become Disabled
If you become totally disabled prior to age 60, and the disability lasts at least nine (9) consecutive months, your premiums will be waived as long as the disability continues, up to age 65.
Coverage May Continue After Graduation
As long as premiums are paid when due, you can continue coverage through medical school even if your health condition changes. After graduation, you can continue at the preferred group physician rates without any medical approval. You'll also be eligible to apply for our lowest "Preferred Plus" rates and/or an increased term life benefit amount on an underwritten basis.
You're eligible to apply for this plan if you're under age 40 and a full-time student of a medical school or an osteopathic medical school approved by an appropriate accrediting agency. What's more, your spouse or domestic partner is eligible to enroll (if under age 40) - even if you don't!
Your coverage will be effective on the first day of the month after we receive your enrollment form provided eligibility requirements are met and the premium is paid when due.
Renewability and Termination
Once insured, you can renew this student protection during medical school as long as eligibility is maintained, the premiums are paid when due, the group policy remains in force and the American Medical Association continues to sponsor this program.
For Life Insurance: Suicide while sane or insane during the first two years of coverage is limited to a refund of total premiums paid (except for Missouri residents for whom suicide is no defense to payment of life insurance benefits).
For Accidental Death & Dismemberment Insurance: Flight in aircraft operated for training, testing or experimental purposes; ptomaine (unless accidentally ingested), bacterial infections (except pyogenic infections which occur simultaneously with and through an accidental cut or wound), or any other kind of disease; war or any act of war declared or not; mental or physical infirmity; suicide or intentionally self-inflicted injury while sane or insane are not covered (except for Missouri residents, suicide while insane is no defense to payment of accidental death benefits).
This insurance plan is underwritten by The United States Life Insurance Company in the City of New York, NAIC#70106, domiciled in the state of New York with a principal place of business of One World Financial Center, 200 Liberty Street, New York, NY, 10281, licensed in all states, plus the District of Columbia, except Puerto Rico. This is a brief summary of benefits only and is subject to the terms, conditions, exclusions and limitations of Group Policy No. G-230, 810 and Form No. G-19000. Coverage may vary or may not be available in all states.
NOTICE FOR RESIDENTS OF MISSOURI: The policyholder of the group master policy for this insurance plan is the Trustee of the American Medical Association Group Insurance Trust. The banking institution that serves as the Trustee receives a reasonable fee in return for performing this service.