Student Term Life Insurance Coverage Details  

Open Enrollment Ends December 31, 2019 

  Enroll Online   Download Application

Features & Benefits

Acceptance Guaranteed

Eligible medical students have guaranteed acceptance in this plan during the open enrollment ending December 31, 2019.

Choice of Benefit Levels

Select $100,000 of term life insurance coverage for just $40 a year or $50,000 of coverage for $20 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 as 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.

Underwritten by:/assets/NYLLOGO_CMYK_Tagline72dpi.jpg
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)  

Eligibility

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!

Effective Date

Your coverage will become 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 & 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.

Exclusions

For Life Insurance: Suicide, whether 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 while insane is no defense to payment of life insurance benefits).

For Accidental Death and Dismemberment Insurance: flight in aircraft for training, testing or experimental purposes; ptomaine, bacterial infections (unless accidentally ingested), bacterial infections (except pyogenic infections which occur simultaneously with and through and 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 for whom suicide while insane is no defense to payment of accident benefits).

State Availability

Available in all states. 

Carrier Information

Group Preferred Term Life Insurance is Underwritten by:   /assets/NYLLOGO_CMYK_Tagline72dpi.jpg
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 

New York Life is licensed/authorized to  transact business in all of the 50 United States, the District of Columbia, Puerto Rico and Canada. Not all group plans it underwrites are available in all jurisdictions. Please check the applicable insurance brochures for current availability. New York Life's state of domicile is New York, and NAIC ID# is 66915.

AMA Insurance incurs costs in connection with providing oversight and administrative support for this plan, and is reimbursed for these costs. The American Medical Association also incurs certain expenses in connection with the plan and is reimbursed for such expenses.  

This website explains the general purpose of the insurance described, but in no way changes or affects the policy as actually issued. In the event of a discrepancy between this website and the policy, the terms of the policy apply. All benefits are subject to the terms and conditions of the policy. Policy underwritten by New York Life Insurance Company. Exclusions, limitations, reduction of benefits and terms under which the policy may be continued in full or discontinued are detailed in the Certificate of Insurance issued to each insured individual and complete details are in the Group policy issued to the policyholder. This program may vary and may not be available to residents of 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.

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