WBG KAM Benefits

The Knoxville Academy of Medicine is an East Tennessee medical society that by definition is an association, for the purpose of getting access to benefit options that otherwise would not be available to the individual medical practitioners or medical practices. Based upon the collective bargaining and buying power of the Knoxville Academy of Medicine, we have continued to negotiate for a full spectrum of benefits that are critical to saving the member physicians and their organizations, time, effort, energy, and money. For the KAM members to offer these benefits, it will aid in employee retention, productivity, and financial security for both their employees and physicians. The ultimate goal is for the individual and small group practices to gain access to benefits normally only available to the large group medical organizations with more than 250 employees.

The Knoxville Academy of Medicine has a goal of creating value for those individual practitioners and medical practices that are members. This value can come through great contacts, workshops, continuing education, etc.

Below we have created a list of benefits that are being provided to its members through knoxvillemedicine.org. The list of benefits will continue to expand over time as the marketplace changes and the Academy continues to grow as the leading medical society in East Tennessee.

  1. Guarantee issue lump sum disability contract or simplified issue monthly benefit for, debt reduction, income replacement or retirement income replacement in the event of disability can be provided to physician groups and their employees.
  2. Group long term and short-term disability with a 20% discount and unisex ratings for being a member of the Academy, the physician can elect own occupation or sub specialty definition of disability depending on the organization and the line of medicine they are practicing.
  3. Identity theft and legal protection through ID Legal Shield with a 20% member discount to the employer and employees. Additionally, there are options to protect the businesses against data breaches and loss of employee or client information.
  4. Simplified issue group life insurance or simplified issue life insurance for individuals, depending on the employer. The insurance coverage could extend up to $3,000,000 available to age 60 with no medical examination required and only a phone interview to complete. There is an option for cash value accumulation on a tax deferred basis with tax free withdrawals before or after retirement.
  5. Qualified Retirement Plan Services 401(k) Profit Sharing for medical groups of all sizes, providing plan services with discounts.
  6. Mirror 401(k) Plan & Advanced Life Insurance Strategies to include the structuring and funding of Restricted Property Trust (RPT) as well as Premium Financed Life insurance to provide retirement income or pay Federal Estate Tax Liabilities.
  7. Final Burial Policy & Identity Theft benefits provided to employees of medical groups. Most financial planning that employees do are through there employer, this can be a key benefit for recruiting and retaining employees.
  8. Comprehensive Financial Planning with Generational Wealth Transfer Planning is a process of uncovering all financial goals, structuring a plan for today, tomorrow and for the next generation. This is done through a plan of investing, insurance strategies, coordinated with tax and legal strategies to protect assets for today and into the future.
  9. Wealth Management services are provided by M Holdings, M Wealth, and BNY Mellon.

The aforementioned benefits are provided by the following carriers:

  1. M Financial Group & M Wealth
  2. Peterson International and Lloyd’s of London
  3. Unum
  4. Lincoln Financial Group
  5. MassMutual Financial Group
  6. BNY Mellon
  7. Principal
  8. Pacific Life
  9. Sun Life Financial
  10. ID Legal Shield
  11. Aflac

For Knoxville Academy of Medicine Member Benefits Contact:

Todd Williams: 865-368-1946
Travis McCurry: 865-556-5873

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