AAO-Endorsed Insurance Program Student Insurance

As a student member of the AAO, you have access to the AAO-Endorsed Insurance Program’s Group Student Disability and Term Life insurance. Offered to all AAO resident members at no cost, it is one of the many ways the AAO is dedicated to its members’ futures.

Like all insurance policies, Group Student Disability and Term Life insurance includes specific benefits. To help explain these policy options, browse our compilation of AAO-Endorsed Insurance Program Student coverage FAQs.

For an overview of our Group Student Disability insurance, watch this quick video.

 

AAO-Endorsed Insurance Program Student Coverage FAQs

  • What is the difference between Group Student Disability insurance and Group Disability Income insurance?

Both policies help protect your income or future income if you become totally disabled and a covered illness or injury leaves you unable to work as an orthodontist.

With the Group Student Disability policy, you can receive up to $2,000 per month, should you become disabled. This Group Student Disability Insurance policy will also pay up to $200,000 towards your eligible student loans, should you become totally and permanently disabled while in school and under age 45.

Once you graduate, you can convert to the Group Disability Income policy that offers coverage amounts from $500 to $15,000 per month, not to exceed 60% of your average monthly income.

  • What is the difference between Student Term Life insurance and Group Level Term Life insurance?

To help ensure your family’s financial well-being or to cover outstanding debts should something happen to you, many professionals turn to life insurance.

As a resident you have access to a complimentary Student Life insurance policy that offers a $100,000 benefit.

Once you graduate, you have access to Group Level Term Life insurance and Group Term Life insurance. Group Level Term Life Insurance can be best for longer term needs, as your premium remains constant for the initial 10- or 20-year term, depending upon your selection. If still an eligible member at end of selected year term, your coverage can automatically be renewed. If coverage is automatically renewed, your premiums are not guaranteed, are based on your then current age, and will increase as you reach a higher age.

Group Term Life Insurance is often best for young individuals who wish to cover short-term debts, such as a business loan or mortgage, as coverage is more flexible early on. Premiums will increase gradually at first and more rapidly as you get older.

Both options offer benefit limits up to $3,000,000.

  • Why do I need this coverage as a resident?

According to the organization, Student Loan Planner, the average orthodontist has $597,000 in debt in 2022. Because of the investment you have made in your education, insurance can help protect your education, knowledge and loved ones.

While unlikely, if you become disabled or die while in school, your life and your family’s lives could be greatly affected. Could you or your family members pay your bills and students loans without your income as an orthodontist? These policies can help protect you and your family.

  • What does coverage cost for residents?

With your AAO membership, you can become covered under two important group insurance policies at no cost to you— Group Student Disability coverage and Student Term Life coverage. AAO picks up the tab to support student members like you.

 

AAO-Endorsed Insurance Program Student Coverage FAQs — General

  • How do I sign up for complimentary coverage?

It is fast and simple to opt-in to Group Student Disability and Student Term Life Insurance. Activate coverage by completing this quick form.

  • What happens when I graduate?

Unfortunately, your Group Student Disability and Student Term Life coverage will expire shortly after your graduation. To ease the transition, the AAO-Endorsed Insurance Program makes it easy to convert to the AAO Group Disability and Term Life insurance policies.

  • Why should I convert my insurance after I graduate?

Converting Group Student Disability and Term Life insurance ensures you and your income continue to be protected should you become disabled or die. Like you used this coverage to help protect your future income as a resident, you can continue protecting your income as you begin your career by converting coverage.

  • How do I convert my coverage?

You can convert to the Group Disability policy at the $2,000 monthly benefit amount without going through medical underwriting, though you will be required to pay a premium. You can also apply for up to $15,000 of monthly benefits, subject to medical underwriting.

Once you convert your Student Term Life insurance to the Group Term Life insurance policy without going through medical underwriting, you will have access to the $100,000 benefit amount. You can also apply for additional coverage at exclusive group rates, subject to full medical underwriting.

Whichever solution is best for you, simply visit this website to begin your insurance conversion or call a Lockton Affinity insurance representative for help at (844) 893-9888.

  • I have a lot of questions. Can I talk with someone about my options? 

Contact one of Lockton Affinity’s personal insurance representatives to talk through the specifics.

 

The American Association of Orthodontists understands the importance of Group Student Disability and Term Life insurance for orthodontic residents. See other ways the AAO-Endorsed Insurance Program can help protect your career and future at AAO-Insurance.com. 

 

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This material is not intended for use with residents of New Mexico with respect to Disability Income Insurance.

*Visit AAO-Insurance.com for information, including features, costs, eligibility, renewability, limitations, and exclusions.