Broker Check

Medical Students

Fully Underwritten Plan

As a graduating Medical Student,you may obtain a monthly benefit up to $5,000 per month, another $2,500 per month (over and above your monthly benefit) to cover your student loans, and up to $15,000 per month in our Future Increase Option rider.

Optional policy features: 
  • Enhanced Medical Specialty Definition of True Own-Occupation
  • Enhanced Partial Disability Rider along with a Recovery Benefit to match your benefit period (to age 65, 67, or 70)
  • A 3% or 6% Cost of Living Adjustment Rider1
  • Enhanced Catastrophic Disability Benefit Rider
  • Lump Sum Disability Benefit Rider2
  • Future Increase Option up to $15,000 as stated above3
  • Student Loan Protection Rider up to $2,500 as stated above4
  • 10% permanent Student/Resident Discount (if applying within 90 days post graduation)

Conversion Privilege Plan 

(Dependent upon known medical history or underwriting outcome)

As a graduating Medical student, you have the ability to obtain a monthly benefit up to $2,000 per month of individual disability coverage and up to $1,000 in Future Increase Option upon graduation (window of eligibility is 60 days pre and 60 days post graduation).

Individual disability insurance coverage with Berkshire Life Insurance Company of America, a Guardian company is on a Guaranteed Standard Issue basis:

  • No medical underwriting required
  • Enhanced Medical Specialty Definition of True Own-Occupation 
  • Benefit period to age 65
  • 10% permanent discount5

Optional riders include:

  • Enhanced Partial Disability Rider along with a Recovery Benefit to age 65 
  • Future Increase Option up to $1,000 as stated above3
  • Student Loan Protection Rider6


Contact your University Endorsed Agent:

Matt Hermann

612-746-2383
matt_hermann@fosterklima.com

  


1 This benefit is not necessarily protection against increases in the cost of living.

2 This publication is provided for informational purposes only and should not be considered tax or legal advice. Please contact your tax or legal advisor regarding the tax treatment of the policy and policy benefits and your particular set of facts and circumstances.

3 Conditions and limitations apply. Medical information is not required when applying to exercise an increase option. Taken into consideration are: financial information as well as all disability insurance in force, for which you’ve applied, or are eligible to receive.

4 The Rider provides coverage for a period of 10 to 15 years from the Policy Date. When a qualifying total disability occurs, benefits are only payable during the remaining portion of the 10- or 15- year term that has not elapsed when the disability begins.

5 10% discount applies as there is a 24 month mental nervous and/or substance-related disorders limitation on the policy 

6 Student Loan coverage must be part of the $2,000 per month guaranteed benefit. The Rider provides coverage for a period of 10 to 15 years from the Policy Date. When a qualifying total disability occurs, benefits are only payable during the remaining portion of the 10- or 15- year term that has not elapsed when the disability begins.