Alum LTD

Income Protection with an Exclusive 10% Discount for Alumni*

Your income allows you to live well today and also to save for the future.  What would happen if you were unable to work due to a disabling injury or prolonged illness?

While life insurance protects a family against the death of a breadwinner, the likelihood of becoming disabled is much greater than you may think.

Long Term Disability insurance (LTD) provides coverage in the event one is too sick or injured to work.  It’s essentially insurance for lost income, and can be used for anything from mortgage and utility payments to child care and college tuition.

Additional coverage is available for student loans, which can be particularly valuable early on in your career.  This coverage reimburses for student loan payments — no matter how many you have, or how many institutions they’re with.

Alum LTD is our income protection program that offers robust LTD benefits from Berkshire Life, a subsidiary of Guardian Life, which is known as an industry leader in income protection – with an exclusive 10% discount for alumni . **  And our plans provide individual coverage, meaning you own and keep your policy – even if you change jobs.

*Alumni discount not available to medical professionals, but other discounts may be available. 

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Because one size does not fit all incomes, our program features personalized service that’s essential when shopping for an individual income protection policy.  We offer programs for the following groups:

Alumni Discount Program

  • 10% discount exclusively for our alumni1
  • Industry-leading comprehensive coverage

 

Special Program for New Professionals  
Available for those in their final year of school/training or first year of practice:2

  • Very competitive coverage without proof of income, regardless of earnings
  • Streamlined underwriting requiring only a Telemed interview (no labs and no paramed!)

 

Student, Resident, and Fellow Discount program

  • 10% permanent discount available to students, residents, and fellows in approved school, university, or medical center programs
  • Very competitive coverage without proof of income, regardless of earnings
  • Streamlined underwriting requiring only a Telemed interview (no labs and no paramed!)

1Alumni discount not available to medical doctors and dentists, but other discounts may be available. 

2 Available to physicians, dentists, accountants, architects, attorneys, MBA professionals, computer scientists, engineers, nurse practitioners, optometrists, pharmacists, physician assistants, podiatrists, psychologists, and veterinarians

The Berkshire Life Insurance Company of America is a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, the preeminent carrier in the LTD marketplace.  Berkshire Life has a long history of financial strength.

Berkshire Life’s Ratings
A.M. Best A++ Superior Highest of 15 ratings
Fitch AA+ Very Strong 2nd highest of 21 ratings
Standard & Poors AA+ Very Strong 2nd highest of 22 ratings
COMDEX Ranking 99 Out of 100

Other insurance company plans are also available, and may be more appropriate for certain situations.

Meyer and Associates is an agent of The Guardian Life Insurance Company of America® (Guardian), New York, NY.  Guardian and its subsidiaries do not have any direct or indirect responsibility for other products and/or services offered on this website.

See Important Disclosures: www.guardianlife.com/disclosures

2018-60480 Exp. 5/20

FREQUENTLY ASKED QUESTIONS

If you rely on your income to make the life you enjoy possible, then it makes sense to insure that income – just as you do with your home and your car. With one-in-four workers projected to become disabled during their working years,* Income Protection makes sense as it will help to replace income should you become too sick or injured to work.
*Social Security Administration Fact Sheet, June 2017
You’ll want to strongest base policy you can get. From there you can add only those benefits that are important to you. Most importantly, you’ll want coverage that is non-cancellable and premiums that are guaranteed renewable, meaning that if your premiums are paid on time, your policy can not be cancelled, premiums cannot be increased, and policy provisions cannot be changed.
Although you may have a group disability plan through work, these plans provide only a basic level of protection. Benefits and coverage requirements may not fully meet your needs. Most importantly, these plans can be changed or cancelled altogether. AlumLTD provides individual income protection that you own and keep – even if you change jobs.
The effects of a disability early in your career- when student loan balances are at their highest - could be devastating. Coverage for loans is available.
Even if you haven’t hit your peak earnings yet, you can secure the opportunity to increase protection as your income grows – with no additional medical tests. It’s a great way to ensure that you can protect your income, regardless of any changes in your health.
You’re protecting not only your present needs, but also your future, so it’s important to choose a company that will be there when you need it. Our plans are underwritten and issued by Berkshire Life, a wholly-owned stock subsidiary of Guardian Life, with a long history of financial strength and award-winning customer service.
**Alum LTD is program name created by the Program Administrator, and not the Guardian Life Insurance Company or its subsidiaries. Individual disability income products are underwritten and issued by Berkshire Life Insurance Company of America (BLICOA), Pittsfield, MA. BLICOA is a wholly owned stock subsidiary of and administrator for The Guardian Life Insurance Company of America (Guardian), New York, NY or provided by Guardian. Product provisions and availability may vary by state. Optional riders are available for an additional premium.
1 Social Security Administration Fact Sheet, June 2017
2 Commissioner’s Disability Insurance Tables A and C, assuming equal weights by gender and occupation class
3 2011 Gen Re U.S. Individual DI Risk Management Survey
4 Source: Council for Disability Awareness, Long-Term Disability Claims Review, 2014