CHICAGO, January 12, 2017 – AMA Insurance Agency, Inc., a subsidiary of the American Medical Association (AMA), today introduced a new disability insurance program designed to meet the unique income-protection needs of physicians.
The individual disability income insurance product offered through the AMA Insurance program is underwritten by The Ohio National Life Assurance Company, Inc. (ONLAC), a subsidiary of Ohio National Financial Services.*
“We’re excited to introduce this new individual disability income insurance program to physicians,” said Al Drowne, vice president and general manager, AMA Insurance. “And we believe the innovative design of the Ohio National product will really help physicians customize coverage to their own specific needs.”
The Ohio National product provides superior flexibility with the base policy and six key riders, including two residual disability riders, two cost of living riders and a catastrophic disability benefit rider. Thirty-six configurations can be designed and tailored to a physician’s individual needs and budget, and the Ohio National product includes a number of important features such as a hospice care benefit and a survivor benefit. Additionally, the product is competitively priced and offers physicians access to a special AMA discount.
Chuck Lanigan, Ohio National’s senior vice president, disability income strategic business, said, “We’re pleased to provide AMA Insurance with this new, robust disability income insurance product that offers the flexible features and competitive pricing to help physicians address the various income risks specific to their occupations.”
ContinuON Income Solutions® II product, issued by ONLAC, is the individual disability income insurance offered through the AMA Insurance program. The productwill be distributed by its strategic marketing partner, Millennium Brokerage Group, LLC (MBG), and Ohio National. AMA Insurance Agency, Inc., (AMAI) is a subsidiary of the American Medical Association (AMA).
*Product, product features and rider availability vary by state. DI not available in CA. Issuer not licensed to conduct business in NY.
About AMA Insurance Agency, Inc.: Established in 1988 as a wholly owned subsidiary of the American Medical Association, AMA Insurance Agency, Inc. specializes in meeting the insurance and financial services needs of America’s 1,000,000 physicians, both AMA members and non-members. Authorized to conduct business in all 50 states, AMA Insurance offers a portfolio of physician-exclusive disability, life, and health insurance for individuals, medical group practices and other institutions. AMA Insurance’s national reach enables the agency to provide physicians with unique physician- focused coverage at competitive rates from top carriers. For more information, visit www.amainsure.com.
About Ohio National: Tracing its corporate origins to 1909, Ohio National markets a variety of insurance and financial products through more than 50,000 representatives in 49 states (all except New York), the District of Columbia, Puerto Rico and through affiliated operations in South America. Additional subsidiaries operate in New York and Connecticut. As of December 31, 2015, its affiliated companies have $40.2 billion total assets under management. Products are issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. Visit www.ohionational.com for more information.
About Millennium Brokerage Group: Founded in 1998, Millennium Brokerage Group is a leading provider of planning, insurance, and financial services solutions. Millennium has operations with offices delivering advanced underwriting and planning services through advisors, banks, broker dealers, financial professionals, and family offices nationwide. Please visit www.mbgnow.com for more information.