UNIVERSITY OF MINNESOTA DISABILITY BENEFITS
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Medical School Students

As a Medical Student You Are Covered By a Group Long Term Disability Plan.   Click here for plan details. 


Conversion Privilege Plan
As a graduating Medical Student, you have the ability to obtain up to $3,000 per month of individual disability coverage upon graduation (window of eligibility is 60 days pre graduation and up to July 31st assuming you graduate in May).
Individual disability insurance coverage is on a Guaranteed Standard Issue basis:
  • No medical underwriting required
  • True Own-Occupation Coverage with Specialty Language
  • Benefit period to age 65
  • Enhanced Partial and Recovery Benefit
  • 3% Cost of Living Adjustment (COLA)
  • 10% Mental and/or Substance-Related Disorder Limitation Discount1

​Fully Underwritten Plan
As a graduating Medical School 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 True Own-Occupation Definition with Specialty Language
  • 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 Rider2
  • Enhanced Catastrophic Disability Benefit Rider
  • Retirement Protection Plus Disability Benefit Rider3
  • A Lump Sum Disability Benefit Rider
  • Future Increase Option up to $15,000 as stated above4
  • Student Loan Protection Rider up to $2,500 as stated above5
  • Supplemental Benefit Rider up to $2,500 as stated above6
  • Includes 10% permanent Student Discount (available up to 90 days past graduation)
Have a question, or want to learn more about your options?
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Contact your University-designated Representative
​
Matt Hermann
Financial Advisor
612.746.2383
Matt_Hermann@fosterklima.com
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1. 10% discount applies as there is a 24 month mental nervous and/or substance-related disorders limitation on the policy. 
2. This benefit is not necessarily protection against increases in the cost of living.

3. Retirement Protection Plus is neither a pension plan, qualified retirement plan or qualified individual retirement account or a substitute for one​.
4. 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.
5. 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.
6. The Supplemental Benefit Rider provides an additional $2500 per month for a period of 10 or 15 years from the policy date. Can be used however insurer desires. Not available in addition to the Student Loan Rider.
While you can't predict the unexpected, you can prepare. We're here to help you.
Foster Klima and Guardian were chosen exclusively by the University of Minnesota to provide you with disablity insurance to protect your financial future. 
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Foster Klima & Company, Inc is an Agency of The Guardian Life Insurance Company of America®  (Guardian), New York, NY.  Securities products and advisory services offered through Park Avenue Securities LLC (PAS), member FINRA,SIPC.  OSJ:   PAS is a wholly-owned subsidiary of Guardian.  Foster Klima & Company, Inc  is not an affiliate or subsidiary of PAS or Guardian. International Centre II, 920 Second Avenue South, Suite 1100, Minneapolis, MN 55402, ph# 612.746.2200.

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2020-105998 Exp 07/2022
  • Home
  • NY Residents
  • Residents, Fellows, and Interns
    • Graduate Medical Education Residents & Fellows
    • School of Dentistry Residents
    • College of Veterinary Medicine Residents & Interns
  • AHC Students
    • Medical School Students
    • School of Dentistry Students
    • College of Pharmacy Students
    • College of Veterinary Medicine Students
    • Nurse Practitioner Students
    • School of Nursing Students
    • College of Allied Health Professions
    • School of Public Health
  • Request A Quote
  • Real Stories
  • A Detailed Look
    • Learn To Speak The Lingo
    • Student Loan Protection
    • Products & Services
    • Useful Links
    • From Learning, to Living, to Retirement
    • Tips to Start Digging Your Way Out
  • About Us
    • Your Team
    • About Foster Klima
  • Report A Claim
  • Contact Us