ACADEMIC HEALTH CENTERDISABILITY INSURANCE PLAN

2020–2021

Read on to learn about the services and resources available to you.

Welcome . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Eligibility and Enrollment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2While You Are Enrolled at the University

Quick Reference Benefit Chart . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3While You Are Enrolled at the University

Eligibility and Enrollment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Preparing to Graduate — Guaranteed Standard Issue Conversion Option

Quick Reference Benefit Chart . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5Preparing to Graduate — Guaranteed Standard Issue Conversion Option

1

The University of Minnesota is pleased to contract with Foster Klima to provide a Disability Insurance Plan through Guardian to eligible Academic Health Center (AHC) students. Eligible AHC students are automatically enrolled in the Long-Term Disability Insurance Plan.

BENEFIT HIGHLIGHTSDisability insurance protects you should an injury or illness occur that leads to inability to work in your field. Your disability insurance coverage while at the University provides you with a tax free monthly benefit as well as a student loan payoff provision (see chart on page 3 for specifics).

Anytime during and up to 60 days after the group plan ends, you are eligible to purchase an individual disability policy through Guardian with no medical underwriting. This means you will not be turned down for coverage regardless of your medical history, which is extremely valuable and rare.1 Contact your Foster Klima representative for more information. To make the most of your coverage, and to be sure that you are aware of deadlines, policies and procedures that affect you, please review the information found in this brochure and on our website carefully.

Office of Student Health BenefitsUniversity of Minnesota410 Church Street SE, N323Minneapolis, MN 55455Phone: 612-624-0627 or 1-800-232-9017Fax: 612-626-5183 or 1-800-624-9881umshbo@umn.edushb.umn.edu

1 Any previous decline from Guardian Life would exclude you from eligibility of this guaranteed-issue contract

2 Social Security Administration Fact Sheet, January 2011

WELCOME

Disability may be more common than you think. More than 25% of Americans entering the work force today will become disabled before they retire.2

ELIGIBILITY AND ENROLLMENT

All students registered for one or more credits in an eligible Academic Health Center program are automatically enrolled in the University-sponsored Long-Term Disability Insurance Plan.

How to submit a claimTo submit a disability claim during your enrollment, please email the Office of Student Health Benefits at umshbo@umn.edu and request paperwork for a future claim or leave. For questions about claims paperwork, contact Foster Klima at 612-746-2200 or Dale Forsythe, disability specialist with Foster Klima, at 612-746-2206 or dale_forsythe@glic.com.

Foster Klima has a keen perspective of the uncommon challenges you will face today, tomorrow, and throughout your career. In addition to offering the highest quality disability coverage, your Foster Klima representatives are equipped with a full suite of financial planning tools.

Additional services:• Financial planning & debt reduction

• Retirement planning

• Life insurance and disability income planning

• Student loan repayment options

• Mutual funds and money management

• Fixed and variable annuities

2

While You Are Enrolled at the University of Minnesota

Contact your representative to learn more.Find your Foster Klima representative and their contact information at z.umn.edu/ahc-disability

M

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QU

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REF

EREN

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BEN

EFIT

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Whi

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2020

–202

1 Dis

abili

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sura

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Plan

The

follo

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the

Uni

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As part of your University-sponsored Disability Insurance Plan, you have a time-sensitive and unique opportunity to purchase an individual disability income policy. Like your education, this policy goes with you when you leave the University, and the benefits follow you to wherever life may take you.

Highlights of this opportunity include:• Tax-free monthly disability benefits• No medical underwriting• True Own Occupation definition of total disability with medical specialty language—this policy is

portable and you can take it with you after you leave the University. • Several important optional benefits, including a future increase option rider, a cost of living

adjustment rider, a partial disability benefit rider and a catastrophic disability benefit rider.

You may enroll in this guaranteed standard issue option 60 days prior to graduation and up to 60 days after your group coverage ends.

To learn more about the benefits of purchasing an individual disability policy, contact your designated Foster Klima representative. Find your representative and their contact information at z.umn.edu/ahc-disability.

Learn the LingoAn individual disability policy can help keep your household going if you suffer a long-term disability. The terms below are terms you should look for in high-quality policies.

Preparing to Graduate — Guaranteed Standard Issue (GSI) Conversion Option

ELIGIBILITY AND ENROLLMENT

Non-cancellable and Guaranteed Renewable

To avoid the possibility of losing your coverage just when you need it most, choose a policy that’s non-cancellable and guaranteed renewable to age 65. This provision will guarantee that as long as your premiums are paid on time, your policy cannot be cancelled, premiums cannot be increased, and policy provisions cannot be changed.

True Own Occupation

A True Own Occupation policy considers you totally disabled—and therefore eligible for benefits—when, solely due to injury or sickness, you are unable to perform the material and substantial duties of your occupation, even if you are gainfully employed in another occupation.

Enhanced Partial Disability Benefits

Through an optional rider, a good policy can provide you with a partial benefit for when you suffer a loss of income as a result of partial (residual) disability—even if you have never previously suffered a period of total disability.

Recovery Benefit

This benefit is important for many medical professionals. It provides a benefit—even if you have recovered—if you continue to suffer a loss of income due to an injury or illness that caused your disability. The best policies have a recovery benefit payable to age 65 or 67.

Personalize Your Policy with Riders

Optional riders offer additional coverage such as Catastrophic Disability Benefits, annual Future Increase Options, student loan and Cost of Living Adjustments (COLA).

4

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dem

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GSI

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dditi

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Pro

gram

s

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ram

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Bioc

hem

istr

y, M

olec

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Bio

logy

and

Bi

ophy

sics

; Bio

ethi

cs; B

ioph

ysic

al

Scie

nces

and

Med

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Phy

sics

; C

ellu

lar a

nd In

tegr

ativ

e Ph

ysio

logy

; Ex

perim

enta

l Sur

gery

; Hea

lth

Info

rmat

ics;

Hum

an G

enet

ics;

In

tern

al M

edic

ine;

Mic

robi

olog

y;

Imm

unol

ogy

and

Can

cer B

iolo

gy;

Neu

rosc

ienc

e; O

tola

ryng

olog

y;

Phar

mac

olog

y; S

urge

ry; T

oxic

olog

y

Den

tistr

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ral B

iolo

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Com

para

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and

Mol

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Bios

cien

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Med

icin

e

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hem

istr

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Phar

mac

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s; P

harm

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Soc

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Adm

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and

Clin

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Ph

arm

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Med

ical

Lab

orat

ory

Scie

nces

; O

ccup

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nal T

hera

pyM

ortu

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nce;

Phy

sica

l The

rapy

Den

tal H

ygie

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enta

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rapy

Doc

tor o

f Nur

sing

Pra

ctic

e; M

aste

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Nur

sing

; Nur

sing

Bios

tatis

tics;

Com

mun

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ealth

Pr

omot

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Env

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enta

l Hea

lth;

Epid

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are

Adm

inist

ratio

n; M

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nal a

nd C

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H

ealth

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lic H

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Adm

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n an

d Po

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lic H

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ctic

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onth

ly B

enefi

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r tho

se w

ho

have

gra

duat

ed)

$2,0

00

$2,0

00

$1,5

00

$1,0

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Stud

ent L

oan

Ride

r$1

,000

$1,5

00$1

,000

Yes,

up

to $

150,

000

lifet

ime

bene

fit

Elim

inat

ion

Perio

d 90

day

s 90

day

s 90

day

s 90

day

s

Max

imum

Ben

efit P

erio

d To

age

65

To a

ge 6

5 To

age

65

Soci

al S

ecur

ity N

orm

al R

etire

men

t Age

Tota

l Dis

abili

ty D

efini

tion

True

Ow

n O

ccup

atio

n C

over

age

to a

ge

65 w

ith m

edic

al s

peci

alty

 lang

uage

True

Ow

n O

ccup

atio

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over

age

to a

ge

65 w

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edic

al s

peci

alty

 lang

uage

True

Ow

n O

ccup

atio

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over

age

to

age

65 w

ith m

edic

al s

peci

alty

lang

uage

24-m

onth

ow

n oc

cupa

tion 

defin

ition

Part

ial D

isab

ility

Ben

efit R

ider

Ye

s, o

nly

a 15

% lo

ss re

quire

d an

d 10

0%

inco

me

repl

acem

ent a

vaila

ble

the

first

12

mon

ths

Yes,

onl

y a

15%

loss

requ

ired

and

100%

in

com

e re

plac

emen

t ava

ilabl

e th

e fir

st

12 m

onth

s

Yes,

onl

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15%

loss

requ

ired

and

100%

in

com

e re

plac

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t ava

ilabl

e th

e fir

st

12 m

onth

s

Yes

Pre-

exis

ting

Con

ditio

n Be

nefit

s N

/A

N/A

N

/A

3/12

Men

tal a

nd/o

r Sub

stan

ce-

Rela

ted

Dis

orde

rs C

over

age

Yes,

24-

mon

th li

mita

tion

Yes,

24-

mon

th li

mita

tion

Yes,

24-

mon

th li

mita

tion

Yes,

24-

mon

th li

mita

tion

Part

ial a

nd R

ecov

ery

Bene

fit

Yes,

to a

ge 6

5 Ye

s, to

age

65

Yes,

to a

ge 6

5 N

/A

Prem

ium

s G

uara

ntee

d Le

vel o

r Gra

ded

Avai

labl

e G

uara

ntee

d Le

vel o

r Gra

ded

Avai

labl

e G

uara

ntee

d Le

vel o

r Gra

ded

Avai

labl

e Le

vel i

ncre

ases

at c

erta

in a

ttai

ned

ages

Wai

ver o

f Pre

miu

m B

enefi

t Ye

s Ye

s Ye

s N

/A

Wai

ver o

f Elim

inat

ion

Perio

d 5-

year

recu

rren

t pro

visi

on

5-ye

ar re

curr

ent p

rovi

sion

5-

year

recu

rren

t pro

visi

on

N/A

Cos

t of L

ivin

g A

djus

tmen

t Rid

er

Yes,

3%

Yes,

3%

Yes,

3%

Yes,

3%

Surv

ivor

Ben

efit

N/A

N/A

N/A

Yes,

3 ti

mes

last

net

mon

thly

ben

efit

paym

ent

Add

ition

al C

over

age

Avai

labl

e W

ith U

nder

writ

ing

Yes

Yes

Yes

Yes

The University of Minnesota is an equal opportunity educator and employer.

This publication is available in alternative formats upon request.

©2020 Regents of the University of Minnesota. All rights reserved.

410 Church Street S.E., N323Minneapolis, MN 55455

shb.umn.edu

**Important Information: We limit the duration of payments for long-term disabilities caused by mental or emotional conditions, or alcohol or drug abuse. We do not pay LTD or STD benefits for charges relating to a covered person: taking part in any war or act of war (including service in the armed forces); committing a felony or taking part in any riot or other civil disorder; or intentionally injuring themselves or attempting suicide while sane or insane. We do not pay benefits during any period in which a covered person is confined to a correctional facility, an employee is not under the care of a doctor, and the employee’s loss of earnings is not solely due to disability. This policy provides disability income insurance only. It does not provide “basic hospital,” “basic medical,” or “major medical” insurance as defined by the New York State Insurance Department. If the plan is new (not transferred): This LTD plan does not pay charges relating to a pre-existing condition. On New York cases, no benefit will be payable until the employee has been insured for 12 consecutive months. At that time, provided the employee remains disabled, he or she becomes eligible to receive benefits for the full plan duration, from that day forward, subject to all plan provisions. A pre-existing condition includes pregnancy and any condition for which an employee, in the three-month period prior to coverage under this plan, consults with a physician, receives treatment, takes prescribed drugs or exhibits symptoms which would cause an ordinarily prudent person to seek medical care or treatment. Please refer to plan documents for specific time periods. Pre-existing condition limitations vary by state. Contract # BSP 214-98. The Guardian Life Insurance Of America.

Disability insurance Policy Forms 18ID underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY.

Registered Representatives and Financial Advisor of Park Avenue Securities LLC (PAS). Securities products/services and advisory services are offered through PAS, a registered broker-dealer and investment advisor (612-746-2200). Field Representative, The Guardian Life Insurance Company of America (Guardian), New York, N.Y. PAS is an indirect, wholly owned subsidiary of Guardian. Foster Klima is not an affiliate or subsidiary of PAS or Guardian. 920 Second Avenue South, Suite 1100, Minneapolis, MN 55402. PAS is a member of FINRA, SIPC.

Any student previously declined by Guardian does not qualify for the guaranteed conversion issue offer.Optional riders are available for an additional premium.Conversion policies are issued with a 24-month mental- and/or substance-related disorder limitation endorsement.

1CDA Personal Disability Quotient (PDQ) calculator, http://www.disabilitycanhappen.org/chances_disability/pdq.asp

2Benefit Group E and F have the option to convert to an Group Trust Plan with Guardian Life.