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AMA Announces New Partnership with New York Life Insurance
CHICAGO – The American Medical Association today announced a new, expanded relationship with New York Life Insurance Company under which New York Life becomes the new underwriting carrier for the AMA’s sponsored insurance program. Effective July 1, 2018, AMA-sponsored life, disability, and accident plans will transition to New York Life as the AMA continues to enhance its insurance product offerings for physicians. Enhanced features, increased benefit maximums, and special discounts for AMA members will be made available under this affiliation through the AMA’s wholly-owned subsidiary, AMA Insurance Agency, Inc.
“At every point in a physician’s professional journey, this new partnership with New York Life will enable AMA Insurance to offer more choices, better coverage, and tailored solutions to help physicians make the right decisions for building a healthy financial future,” said Pamela Moy, Group Vice President and General Manager of AMA Insurance. “New York Life shares a vision with the AMA to offer a program designed exclusively for physicians and their unique needs. The pairing of these two industry leaders, the AMA and New York Life, means physicians can be confident in the quality and financial stability of their insurance choices.”
A special landing page, BetterAMAInsurance.com, is available where physicians can explore a full range of options, based on their career stage. The product array underwritten by New York Life includes a variety of plans that can be accessed seamlessly across all digital platforms, including:
- Disability Income Insurance (Disability Pro)
- Level Term Life Insurance
- Office Overhead Expense Insurance
- Hospital Income Insurance
- Premier Accident Insurance
“New York Life is honored to partner with AMA to provide tailor-made insurance solutions for physicians and their families,” said Scott Berlin, Senior Vice President, New York Life – Group Membership Division. “Together, New York Life and AMA bring a service-oriented relationship to the physician community, utilizing the latest digital tools to help customers make educated, well-informed decisions.”
About the AMA
The American Medical Association is the powerful ally and unifying voice for America’s physicians, the patients they serve, and the promise of a healthier nation. The AMA attacks the dysfunction in health care by removing obstacles and burdens that interfere with patient care. It reimagines medical education, training, and lifelong learning for the digital age to help physicians grow at every stage of their careers, and it improves the health of the nation by confronting the increasing chronic disease burden. For more information, visit ama-assn.org.
About AMA Insurance
Since 1988, AMA Insurance Agency, Inc., a subsidiary of the American Medical Association, has been helping America’s physicians and their families achieve a healthy financial future. Specializing in meeting the unique needs of America’s physicians, AMA Insurance offers a portfolio of physician-exclusive disability, life, and health insurance at competitive rates and through high-quality partners, such as New York Life.
About New York Life
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).** Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance.
*Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/12/17. For methodology, please see http://fortune.com/fortune500/.
**Individual independent rating agency commentary as of 8/1/17.
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