Individual Disability Insurance
University of North Carolina Hospitals

4/1/2019 to 6/29/2019Graduation is soon! Protect your income before you graduate.
6/30/2019 to 8/31/2019 days left to apply! Applications are due August 31.
9/1/2018 to 3/31/2019What will happen if you become seriously sick or injured and can’t work?

Career Income Protection for Residents and Fellows

As a medical resident or fellow, your earning potential may be your most valuable asset. It’s important to protect your income in case an injury or sickness makes you unable to work for an extended period of time.

The Standard’s Graduate Offer

No physical exams, labs, medical records or lengthy applications are required.

Monthly Benefits - $2,500, $5,000 or $7,5001

Discounted Premium Rates - The GME program provides a 15 percent discount, regardless of gender.2

 

Already secured an employment contract?

You may be eligible for the One-Step Option to secure up to $15,000 in monthly benefits, based on your signed employment contract.
Ask us for more information.

Specialty Specific Own Occupation Definition - Monthly benefits are payable if you can't perform the substantial and material duties of your own occupation (medical specialty),3 regardless of any work performed in another gainful occupation.

Benefit Increase Rider - You can increase protection every three years as your income rises, up to $15,000 per month with income verification only. You may also increase coverage early during the 12 months after you complete your training.

Available the Year of GME Program Completion - You may apply for the Graduate Offer policy the year you complete your GME program. Not in your last year? Check out the In Program Offer.

 

1 If you are in your last year of training and currently own an In Program Offer policy, you may be eligible to increase benefits to the Graduate Offer maximum

2 Age and medical specialty are considered in determining the premium for each policy

3 Medical professional and/or medical specialty coverage applies only for individuals with an M.D or D.O. degree

GME Expertise & Experience 
We've been providing individual disability insurance to residents and fellows through The Standard’s GME programs since 2005. Every year more than 1,000 medical residents and fellows choose The Standard’s GME policies to meet their income protection needs. 

With active GME programs at ACGME or AOA sponsoring institutions across the nation, we know income protection for residents and fellows.

Products Designed for Physicians 
The Standard's Platinum Advantage was designed with doctors in mind. Provisions like Specialty Own Occ, the Student Loan Rider and the Family Care Benefit provide a first-class IDI policy for physicians. In fact, physicians buy more than a third of all IDI policies sold by The Standard. 

Financial Strength 
The Standard has maintained an “A” rating or higher from A.M. Best since 1928. We are proud of our longstanding track record of financial strength. You can be confident that we’re financially strong, our disability products are high in quality, and we can pay what we promise — now and in the future.

See Individual Disability Insurance Claims Paid by The Standard for a closer look at benefits paid to policyowners.

Learn more about The Standard at standard.com.

90 days. This is the number of days following the start of disability before benefits become payable.
To Age 67. This is the maximum period of time for which you may receive benefit payments for a continuous disability. Refer to your policy's Schedule of Maximum Benefit Periods for details.
You can receive a monthly benefit if you become totally disabled, as long as you aren’t working in another occupation. You’re considered totally disabled if, due to injury or sickness, you’re unable to perform the substantial and material duties of your regular occupation and you’re receiving regular medical care from one or more physician(s) appropriate for your injury or sickness. Regular occupation means the occupation which you’re regularly engaged in at the time your disability begins.

The Standard will provide the policy’s full basic monthly benefit if you are unable to perform the substantial and material duties of your regular occupation, even if you earn money in another occupation. Regular occupation is defined as the occupation(s) in which you are regularly engaged at the time your disability begins. This includes your specialty if you are a physician or dentist and have limited your occupation to a professionally recognized specialty. If you are a trial attorney who has limited your regular occupation to the performance of the usual and customary activities of a trial attorney, trial attorney will be deemed your regular occupation.

See how this feature could benefit you at claim time.

You can receive a monthly benefit if you become totally disabled, as long as you aren’t working in another occupation. The Regular Occupation Extension Rider changes the policy’s definition of total disability so that, instead of requiring the inability to work in any occupation after the first 24 months of disability, you will continue to be considered totally disabled if you can’t perform the substantial and material duties of your regular occupation and you are not earning money in another job or occupation.
If you were to experience a disabling medical condition and an income loss of at least 20 percent, yet be able to work in some capacity, the EnhancedBasicShort-Term Residual Disability Rider would provide you with residual disability benefits. The Enhanced Residual Disability Rider allows you to satisfy the benefit waiting period if you have at least a 20 percent loss of time or duties or income. After the waiting period, you will be eligible for a benefit if you have a loss of income of at least 20 percent. This rider pays a minimum of 50 percent of the policy's basic monthly benefit for the first 12 months. After 12 months, the benefit amount is proportional to your loss of income. The Basic Residual Disability Rider pays benefits based on a loss of income of at least 20 percent and a loss of either time or duties. This rider pays a minimum of 50 percent of the monthly benefit for the first six months. After six months, the benefit amount is proportional to your loss of income. The Short-Term Residual Disability Rider pays disability for a maximum of six months if you are working in your regular occupation, but, due to your injury or sickness, you are unable to do one or more of your substantial and material duties, or you can do all of them but not for more than half the time. You must also have at least a 20 percent loss of income. The benefit amount will equal 50 percent of your policy’s basic monthly benefit, unless your loss of income is more than 80 percent, in which case the benefit amount will equal the basic monthly benefit.
This feature ensures your policy won’t change — no matter how long you own it — as long as your premium is paid on time.

Our Family Care Benefit helps provide you with financial support if you need to take time away from work to care for a child, parent, spouse or domestic partner with a serious health condition.

See how this feature could benefit you at claim time.

Your increases in income can qualify you to purchase increased coverage at three-year intervals, subject to issue and participation limits — without having to provide medical information. You’ll be asked to provide information about your income and other disability coverage, and we may offer a benefit increase up to the maximum amount you qualify for.

You may be eligible to increase your coverage earlier than the three-year interval via the Accelerated Option.

See how this feature could benefit you at claim time.

After an injury or sickness, you might want to seek additional assistance to help you recover and return to work. Platinum Advantage’s Rehabilitation Benefit may pay for modifications to your workplace, vehicle or home, training or educational programs, family care, or other job-related expenses. The Standard must agree to the terms and objectives of the rehabilitation program and determine it meets mutually agreed-upon objectives. Participating in a voluntary rehabilitation program is optional.

See how this feature could benefit you at claim time.

Your premiums will be waived while disability benefits are payable under the policy.
With this rider, your premiums and policy provisions will be locked in for the duration of your policy. We won't cancel your policy, raise your premium rates or reduce your coverage as long as you pay the premiums on time.
If you were to suffer a catastrophic injury or sickness, such as one that prevented you from performing two or more activities of daily living (e.g., bathing, dressing or eating) without assistance, or if you suffer severe cognitive impairment, the Catastrophic Disability Benefit Rider would pay a monthly benefit, in addition to the total disability benefit, which can help offset the cost of additional expenses or care.
If you were to suffer a catastrophic injury or sickness, such as one that prevented you from performing two or more activities of daily living (e.g., bathing, dressing or eating) without assistance, or if you suffer severe cognitive impairment, the Catastrophic Disability Benefit Rider would pay a monthly benefit, in addition to the total disability benefit, which can help offset the cost of additional expenses or care.
To help your benefits keep pace with inflation, the Indexed Cost of Living Benefit Rider can increase your basic monthly benefit by up to 3 percent annually based on changes in the Consumer Price Index, while you are receiving disability benefits.
Payment of disability benefits and recovery benefits is limited to a total of 24 months during your entire lifetime for disability caused or contributed to by a mental disorder and/or substance abuse, or by medical or surgical treatment for a mental disorder and/or substance abuse.
If you become totally disabled, The Standard will pay you a student loan benefit in the amount you paid under your student loan agreement, up to a stated maximum amount.
A pre-existing condition is one for which, during the three months immediately before the policy effective date, the insured individual consulted a physician, underwent diagnostic procedures, took prescription medications, or a reasonably prudent person would have sought medical advice, care or treatment. If a disability caused by a pre-existing condition occurs during the first 12 months that the policy is in force, that disability is not covered by the policy for as long as that disability continues. If a disability caused by a pre-existing condition occurs after the first 12 months that the policy is in force, that disability will be covered by the policy as long as all other eligibility requirements are met.

 

Not all riders are available in all states.

Contact Your GME Broker

Christopher Mitta
Mitta Financial Services, LLC
919.872.8666
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