Keep your practice up and running if a covered disability prevents you from working.

Help protect the investment you’ve made in your practice by helping to ensure you’ll be able to cover your expenses and keep your office open, even if you become totally disabled and unable to work.

Collect up to $15,000 a month, $180,000 a year
Collect benefits that can pay up to 100% of your eligible office expenses and keep your practice open. Help ensure you’ll have money for rent or mortgage payments, payroll, equipment loan payments, malpractice insurance and more.

Build Your Own Policy
Build a policy that best fits your needs by choosing the benefit amount and elimination period. You can collect up to $15,000 a month, $180,000 a year, to pay office expenses if you suffer a covered disability. Benefits can begin after either 30 or 90 days. And they can continue for up to 24 months.

Specially Negotiated Premiums
Rates for this group policy were negotiated using the group purchasing power of the entire AAFP membership. As a result, they may be more competitive than those available to you as an individual.

Coverage Flexibility
Overhead expenses change over time. This coverage allows you to apply for additional benefits to offset rising inflation, the cost of new equipment, or the hiring of additional staff. You can decrease your coverage, if you reduce staff or take on a new partner.

Tax Advantages
Premiums paid for practice overhead insurance are considered a tax-deductible business expense under current law. Consult your tax-advisor for details.

An industry leader
AAFP selected New York Life Insurance, to provide this valuable protection to members. New York Life has received the highest financial strength ratings currently awarded to any U.S. life insurer by Standard & Poor’s (AA+); A.M. Best (A++); Moody’s (Aaa); and Fitch (AAA).

Source: Individual Third-Party Ratings Reports as of 6/22/2022.

What every AAFP Member should know about this
Overhead Expense Insurance.

At a glance, look at key benefits of this valuable protection.

Up to $15,000 a month
As much as $180,000 a year

Your Choice of Waiting Periods
Benefits can start after 30 or 90 days

Cash Paid Directly to You
Manage as you see fit

Specially Negotiated Premiums
Designed especially for AAFP members

Tax Advantages
Premiums may be tax deductible

* For features, costs, eligibility, renewability, limitations & exclusions

The information is subject to the terms and conditions of the Group Policy #G-29072 issued by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. (NAIC #66915) to the American Academy of Family Physicians on Policy Form GMR-FACE, G-29072. Please refer to the Certificate of Insurance for details of your coverage. Domiciled in the State of New York. New York Life Insurance Company is licensed/authorized to transact business in all 50 states, the District of Columbia, and Puerto Rico. (agency insurance licenses #: AR #246260; CA #0547642).