AAO-Endorsed Insurance Program’s Life Insurance

AAO-Endorsed Insurance Program’s 10-Year and 20-Year Term Life Insurance

There are many financial tools people use to help protect themselves, their businesses and their loved ones, such as saving an emergency fund, managing debt, planning for retirement or investing. Many also utilize life insurance.

The AAO-Endorsed Insurance Program’s Life insurance is available to help protect AAO members like you. Read on to learn about the AAO-Endorsed Insurance Program’s 10-Year and 20-Year Group Level Term Life insurance options.

Selecting 10-Year or 20-Year Term Life Insurance

Asian man and woman in large dining room looking at laptop to determine which of the AAO Endorsed Insurance Program's Life Insurance is best for them.

Group Level Term Life insurance is an option people often turn to for longer term needs, as the premium remains constant for the selected term. The AAO-Endorsed Insurance Program offers two term options — 10 years and 20 years.

There are several factors that can impact the term you choose:

Your age
Your family
Your budget, income and financial obligations

AAO members often select the 10-Year Term Life policy, if:

They’ve paid their student loans and dropped annual renewable term life insurance.
They have a mortgage.
Their kids are getting older and closer to self-sufficiency.
Life insurance is required to get a private practice loan.

AAO members often select the 20-Year Term Life policy, if:

They just got married and had children.
They just bought a house and have a mortgage or other long-term financial obligations.

AAO-Endorsed Insurance Program’s 10-Year and 20-Year Term Life Insurance Details

Whichever term you choose, both AAO-Endorsed Insurance Program’s 10-Year and 20-Year Term Life insurance policies offer:

Multiple coverage options — Choose your coverage amount from $100,000 to $3,000,000 in $10,000 increments for the 10-Year Term Life coverage and $50,000 increments for the 20-Year Term Life coverage.
Accelerated death benefit — Request up to 50% of your death benefit before your passing if you are diagnosed with a terminal illness (life expectancy of 12 months or less*).
Spouse and dependent coverage — Apply for up to $1,500,000 for your lawful spouse and up to $10,000 for your eligible dependent children.
Inflation guard option — Once your coverage has been in force for one year, this option can increase your coverage amount by 10% per year for 10 years, without medical questions, to help ensure your coverage keeps pace with inflation.
Chronic illness rider — Add chronic illness coverage for an additional premium, which allows you to access your benefits while still alive if you are considered critically ill. Adding the Chronic Illness Rider allows you to leverage your life insurance coverage to help mitigate the costs associated with chronic illnesses.

Plus, you can apply for this coverage faster than ever with QuickDecision^SM, a new, online application process.

*Please consult your tax advisor for more information.

Life Insurance Coverage for AAO Student Members

With an AAO student membership, residents receive access to Student Group Disability insurance and Term Life insurance at no cost.

Student Group Disability insurance helps protect your future income as an orthodontist should you become disabled while in school and unable to work as an orthodontist.
Student Term Life insurance helps provide financial stability for your loved ones in your absence.

Opting in to this no-cost coverage is simple. Complete a few simple questions and submit the form to activate coverage.

This standard information is all it takes to receive your complimentary AAO member coverage:

Name
AAO member number
Birthdate
Contact information
Residency information
Expected graduation date

Learn more about this complimentary student coverage here.