AAP offers insurance options to ensure financial wellness
Pediatricians know it’s important to mitigate risk for the health and well-being of
their patients. Proper preparation is just as vital for personal unexpected situations.
Pediatricians have relied on the AAP Insurance Program for 65 years. Starting with
a single group disability insurance product in 1953, it has evolved into a resource
to guard against debilitating illness or injury, navigate an untimely loss of life
or weather a disruption in pediatric practice caused by property damage.
Among 10 products now available are group term life, 10- and 20-year level term life,
disability, accidental death and dismemberment, long-term care and other solutions
underwritten by top carriers.
Benefits of participation recently became apparent to Group Life and Disability Income
Insurance Plan members. They received a one-time 10% dividend in the form of a premium
“The insurance program is one of the most valuable AAP resources offered to protect,
support and educate the well-being of members,” said Martha C. Middlemist, M.D., FAAP,
trustee chair of the AAP Group Insurance Trust.
The Academy’s program continues to expand to fit growing and changing membership needs,
offering AAP members exclusive and competitive rates for quality insurance, financial
benefits, webinars and blogs.
Student loan refinancing is offered and can help lessen the financial burden. Members
who refinance to a shorter term could see substantial average lifetime savings.
To help pediatricians understand key foundational concepts of personal financial planning,
the program offers a financial wellness series. Educational videos and webinars explain
money management, credit scores, planning, life and disability insurance and the nuances
of buying insurance.
Dr. Middlemist, District VIII chair, encourages AAP members to review the solutions
offered through the benefit program. “Not only do members receive discounts and savings,
but peace of mind knowing that they are protected personally and financially.”