Insurance may seem cut and dry, so why the variance in rates from different insurance partners? There are many factors that contribute to insurance rates, including limit options, claim frequency and more. Factors that Cause Insurance Rates to Vary Insurance policies and their rates vary from company to company. While you may be tempted to go with the least expensive option, there are many factors that impact insurance rates. Look [...]
Just think—if you were unable to work as an orthodontist and earn your current salary, your life would be greatly affected. Could you pay your mortgage, bills and loans? Disability insurance is critical for orthodontists and to meet the need for member orthodontists, the AAO-Endorsed Insurance Program, administered by Lockton Affinity offers Group Disability Income Insurance, underwritten by New York Life Insurance Company. Because there are short-term and long-term disability [...]
As part of our dedication to improving the AAO-Endorsed Insurance Program and ensuring it continues to meet the needs of orthodontists like you, we always look for improvements and additional features to add to our policies and program as a whole. We are thrilled to announce Quick Decision, a faster application process that, in most cases, does not require a medical exam for our Group Term Life insurance coverage. Read [...]
Like the majority of car dealers require drivers to have auto insurance before purchasing and driving a new vehicle off the lot, most lenders require business owners to have life insurance before borrowing a high-value loan to open a practice. Having a life insurance policy in place shows the lender that, should you pass away unexpectedly, the amount of the loan could be paid back. Read on to learn more [...]
Starting an orthodontic practice leads to a lot of questions. Should I buy a current practice from another orthodontist, or should I build my practice from scratch? Do I want the responsibilities and freedom of my own practice? Are my finances in order? Something to consider in your practice ownership journey is insurance for yourself and your business operations. Common Insurance Questions When Starting an Orthodontic Practice Before practice [...]
The field of orthodontics has several potential pathways an orthodontist’s career might take. You may work for a practice, own your own practice, join a group practice, join a DSO or OSO or find that you’ve worked in a combination of these paths by the end of your career. As an example of how one orthodontist’s career can change throughout the years, we talked to AAO-member orthodontist and Board of [...]
Whether just entering the workforce or many years into their career, many orthodontists are facing the decision to affiliate with an orthodontic service organization (OSO) or dental support organization (DSO). If you are faced with this decision, it's important to understand how this change impacts how you insure yourself, your career and your future. Your new employer will likely provide certain insurance policies and other benefits, but there are still [...]
As you progress in your career, your insurance needs may change. From residency to retirement, the AAO-Endorsed Insurance Program, administered by Lockton Affinity, provides access to a variety of insurance policies that can help safeguard you, your family and your practice throughout it all. You choose to go into orthodontics According to the AAO, after at least 10 years of higher education, the average first-year orthodontist carries over $560,000 in student loan [...]
With so many insurance options in the marketplace, it can be overwhelming to pick an insurance company to work with and insurance policies to protect your business. The American Association of Orthodontists has partnered with Lockton Affinity as the administrator of the AAO-Endorsed Insurance program to meet the needs of orthodontists like you. It can be beneficial to think about how to select the insurance partner and policies that best [...]
You make every effort to provide a safe environment for your staff and patients, but accidents can still happen. To protect your practice from the costs associated with employee injuries, you need Workers’ Compensation coverage from the AAO-Endorsed Insurance Program. Workers’ compensation is legally required for doing business in most states. Without the proper workers’ compensation insurance, your practice could face legal consequences for noncompliance. Lack of coverage also places [...]
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(844) 893-9888 | [email protected]
MAILING ADDRESS: PO Box 410679 | Kansas City, MO 64141
The AAO-Endorsed Insurance Program is administered by Lockton Affinity, LLC d/b/a Lockton Affinity Insurance Brokers LLC, Affinity Administrator Services, LLC in California Insurance License Number 0795478, in Arizona Insurance License Number 1800004362 and in Arkansas Insurance License Number 100108685. Coverage may not be available in all states and is subject to actual policy terms and conditions. Policy benefits are the sole obligation of the issuing insurance company. Coverage may be provided by an excess/surplus lines insurer which is not licensed by or subject to the supervision of the insurance department of your state of residence. Policy coverage forms and rates may not be subject to regulation by the insurance department of your state of residence. Excess/Surplus lines insurers do not generally participate in state guaranty funds and therefore insureds are not protected by such funds in the event of the insurer’s insolvency. American Association of Orthodontists (AAO) will receive a royalty fee for the licensing of its name and trademarks as part of the insurance program offered to the extent permitted by applicable law.
*Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 on Policy Form GMR/FACE, Group Policy Nos. G-14242-0 (TL), G-14243-0 (10 LTL), G-14244-0 (20 LTL), G-14242-4 (POE), G-14242-3 (DI) and G-30270-0 (CI). For more information including features, costs, eligibility, renewability, limitations and exclusions click “Learn More.”
New York Life Insurance Company is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico and Canada. However, not all group policies it underwrites are available in all jurisdictions. Please check the eligibility sections for current availability. New York Life Insurance Company’s state of domicile is New York, and NAIC ID is #66915.
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