Broker Check

Residents & Fellows

Why would I even need Disability Insurance?

What are my Options?

Built-in Benefit

While you’re a resident, fellow or intern at the University of Minnesota, you have group long-term disability coverage through The Guardian Life Insurance Company of America (Guardian). Medical School residents and fellows also have short-term disability coverage.

Individual Coverage: Guaranteed 

In addition, you have the opportunity to convert the group LTD coverage to an individual disability income policy through a University-sponsored plan. The offer is issued on a Guaranteed Standard Issue (GSI) basis. The GSI offer is a one-of-a-kind opportunity- you won’t find it at another university in the nation.

Highlights of the Opportunity Include:

  • Definition of Total Disability:  Enhanced Medical True Own-Occupation Definition
  • Tax-free monthly disability benefits when paid with after-tax dollars
  • No medical underwriting- coverage is Guaranteed Standard Issue
  • Several important optional benefits to customize your coverage
  • Up to a 30% discount1

You may apply for the GSI anytime during your residency, fellowship, or internship, and up to 60 days after completing your program.

1  30% discount consists of a 10% mental and/or substance-related disorders limitation, a 10% Student/Resident Discount (one must apply within 60 days of completing your program to receive) and a Preferred Occupation Discount.