Jane Dotson
AM Insurance, also known as AMA Insurance, offers tailored insurance plans for physicians, retired physicians, residents, medical students, and teaching hospitals and educational institutions. The company provides individual and group life, health, and disability insurance plans, as well as specialty insurance products such as group long-term disability and group life accidental death and dismemberment coverage. AMA Insurance is known for its financial stability and customer service, with AM Best affirming a Financial Strength Rating of A- (Excellent) for AmFirst Holdings, Inc., the parent company of AMA Insurance. Additionally, American Modern Insurance Group (AMIG) is a specialty insurance provider for motorcycles, boats, collector cars, and residential properties, including rental, vacation, and mobile homes. Amica Mutual Insurance is another prominent insurance company offering auto, home, and life insurance with a focus on customer privacy and empathy.
| Characteristics | Values |
|---|---|
| Name | AMA Insurance |
| Address | 7000 Midland Blvd., Amelia, OH 45102 |
| Mailing Address | PO Box 5323, Cincinnati, OH 45201-5323 |
| Offerings | Individual & group life, health & disability insurance plans |
| Specialty Insurance | Group Long Term Disability, Group Life Accidental Death and Dismemberment |
| Other Products | Supplemental medical products like dental, vision, and medical gap plans |
| Credit Ratings | A- (Excellent) for Financial Strength, "a-" for long-term Issuer |
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What You'll Learn
- AMA Insurance offers exclusive rates for physicians, retired physicians, residents, and medical students
- AMA Insurance sponsors specialty insurance for teaching hospitals and educational institutions
- AMA Insurance provides products relevant to young physicians
- Amica Mutual Insurance provides auto, home, and life insurance
- AmFirst Insurance Company has been serving customers since 1998
AMA Insurance offers exclusive rates for physicians, retired physicians, residents, and medical students
AMA Insurance has been offering protection for how doctors train, work and live since 1988. It provides tailored solutions for physicians at all stages of their careers, with exclusive rates for physicians, retired physicians, residents, and medical students.
AMA Insurance offers individual and group life, health, and disability insurance plans. These include the exclusive Group Hospital Income Insurance Plan, which provides up to $600 per day for each day of a covered hospital stay. The company also offers the AMA-sponsored Student Insurance Program, which provides full-time medical students with $100,000 of Group Term Life Insurance for $40 per year or $50,000 of coverage for $20 per year. Acceptance is guaranteed for eligible students.
For physicians, AMA Insurance offers up to $4 million in Level Term Life Insurance protection in 10-, 15-, or 20-year terms. The company also provides disability income insurance, with residents able to apply for up to $5,000 in monthly benefits and physicians eligible for up to $15,000. AMA Insurance also offers Group Life Insurance, underwritten by New York Life Insurance Company, with benefits and rates tailored to physicians.
In addition to these products, AMA Insurance provides specialty insurance tailored for teaching hospitals and educational institutions. Plans include Group Long Term Disability and Group Life Accidental Death and Dismemberment. With AMA Insurance, you can find specially negotiated rates and benefits from top insurance companies, sponsored by the American Medical Association.
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AMA Insurance sponsors specialty insurance for teaching hospitals and educational institutions
AMA Insurance provides a range of specialty insurance plans tailored to meet the specific needs of teaching hospitals and educational institutions. The insurance plans are designed to offer protection and financial security to residents, physicians, and medical students.
One of the key offerings is the Group Long-Term Disability Insurance plan. This plan ensures that residents and physicians are protected in the event of a disability that prevents them from practising medicine. With AMA-sponsored Disability Income Insurance, residents can receive up to $5,000 in monthly disability benefits, regardless of their current salary. Physicians who are actively engaged in full-time work are eligible for higher monthly benefits of up to $15,000. This plan provides financial peace of mind, allowing policyholders to focus on their health without worrying about income loss.
AMA Insurance also offers Group Life Accidental Death and Dismemberment coverage. This plan provides financial protection in the unfortunate event of accidental death or dismemberment, ensuring that the policyholder's loved ones receive financial support during a difficult time. Additionally, AMA Insurance provides Term Life Insurance plans, including Level Term, Pure Term, and Preferred Term options, giving physicians and residents the flexibility to choose coverage that best suits their needs.
The insurance company also understands the importance of supporting the next generation of physicians. As such, they offer the AMA-sponsored Student Insurance Program, which provides full-time medical students with Group Term Life Insurance. For a low annual fee of $40, students receive $100,000 in coverage, or they can opt for $50,000 in coverage for just $20 per year. This plan ensures that medical students can focus on their studies without worrying about financial burdens in the event of an accident or illness.
AMA Insurance's commitment to sponsoring specialty insurance for teaching hospitals and educational institutions demonstrates their dedication to supporting the medical community. By offering customized insurance solutions, they help protect the financial well-being of those dedicated to caring for others.
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AMA Insurance provides products relevant to young physicians
AMA Insurance, the subsidiary of the American Medical Association, provides insurance plans tailored to physicians at various stages of their careers, including young physicians. The insurance plans are designed to meet the unique needs of physicians and their families.
AMA Insurance offers individual and group life, health, and disability insurance plans at exclusive rates for physicians, residents, and medical students. Young physicians can benefit from solid income protection with AMA-sponsored Group Disability Income Insurance, which can be customized to fit their career stage and budget. This insurance option protects the income earned in their medical specialty, with the opportunity to enhance protection and choose the "True Own-Specialty" Definition of Disability, allowing them to collect full benefits if they can't work in their specific medical field but choose to work in another.
Additionally, AMA Insurance provides specialty insurance for teaching hospitals and educational institutions. These plans include Group Long-Term Disability and Group Life Accidental Death and Dismemberment coverage.
AMA Insurance also offers the Student Insurance Program, which is relevant to young physicians at the start of their careers. This program provides full-time medical students with Group Term Life Insurance and Group Disability Income Insurance at affordable rates. For example, for just $40 a year, students can receive $100,000 of life insurance coverage, and for an additional $41 a year, they can obtain disability coverage that pays $1,000 per month for up to 12 months if they are unable to attend classes due to a covered disabling event.
With its range of insurance products, AMA Insurance helps young physicians secure their financial future, protect their income, and have peace of mind as they embark on their medical careers.
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Amica Mutual Insurance provides auto, home, and life insurance
Amica Mutual Insurance is the oldest mutual insurer of automobiles in the United States. The company was originally founded as the Automobile Mutual Insurance Company of America by A.T. Vigneron in 1907 and was based in Providence, Rhode Island. Amica was set up as a mutual insurance company, meaning it is owned by policyholders rather than stockholders.
The company initially offered auto, fire, and theft insurance. Over the years, Amica has expanded its services to include auto, home, and life insurance. In 1941, Amica opened its first branch office in Boston, Massachusetts, and now has 44 locations across the country.
In 1956, Amica added homeowners' insurance to its portfolio, and later introduced marine and umbrella insurance options. The company's corporate office moved to a larger campus in Lincoln, Rhode Island, in 1994, to accommodate its growing business.
Amica offers a range of insurance options to protect its customers in various aspects of their lives. Customers can feel confident about their auto, home, and life insurance coverage, and Amica also provides support in exploring the right insurance options as their needs evolve. Amica also offers the opportunity to bundle insurance policies, providing greater savings and simplified protection.
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AmFirst Insurance Company has been serving customers since 1998
AmFirst has demonstrated resilience and stability during both prosperous and challenging economic periods. Their commitment to meeting the needs of their policyholders has been a cornerstone of their success. AmFirst's financial strength and stability have been recognized by AM Best, which affirmed a Financial Strength Rating of A- (Excellent) and a long-term Issuer Credit Rating of "a-". These ratings reflect AmFirst's consistent operating profitability and capital retention capabilities.
AmFirst Holdings, the parent company of AmFirst Insurance Company, has also received affirmations from AM Best for its strong financial position. AmFirst Holdings maintains the highest level of risk-adjusted capitalization, ensuring the security of its policyholders' investments. The outlook assigned to these Credit Ratings is stable, indicating a positive future for the company and its customers.
With a focus on innovation, financial stability, and customer service, AmFirst Insurance Company has established itself as a reliable and trusted provider in the insurance industry. Their ability to adapt and expand their offerings has contributed to their enduring success and growth since their founding in 1998. AmFirst's dedication to serving its customers and meeting their evolving needs has been a key factor in their two decades of continuous growth and market expansion.
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Frequently asked questions
AMA Insurance offers individual and group life, health, and disability insurance plans at exclusive rates for physicians, retired physicians, residents, and medical students. They also sponsor specialty insurance for teaching hospitals and educational institutions.
AmFirst Insurance Company, headquartered in Ridgeland, Mississippi, has been in continuous growth since its creation in 1998. AmFirst has gained a reputation for stable and secure operations, with AM Best affirming a Financial Strength Rating of A- (Excellent) and a long-term Issuer Credit Rating of "a"-.
AMA Insurance offers a range of products, including Group Long Term Disability, Group Life Accidental Death, and Dismemberment plans. They also provide other products relevant to young physicians.
