Boston University
Henry M. Goldman School of Dental Medicine
Guaranteed Issue Disability Insurance
About the Offering
Boston University Goldman School of Dental Medicine provides you with a disability plan that will pay a monthly benefit in the event you become disabled due to a sickness or injury, as well as the option to continue coverage upon graduation. The plan fees are included in your tuition.
Supplemental Coverage During Training & Portable Coverage for Graduates
Supplemental Coverage During Training
& Portable Coverage for Graduates
A group insurance policy issued by The Guardian Life Insurance Company of America provides coverage during your dental school years.
Terms of Coverage
- Monthly benefit for disability occurring during years 1 and 2: $1,500 per month and $2,000 for disabilities occurring during years 3 and 4.
- During the first 5 years of a disability, disability means the inability to attend dental school and maintain active status. The student must not be working. After 5 years of disability, disability means the inability to attend dental school and maintain active status. Student must also be unable to perform the duties of any "reasonable" occupation for which the insured is suited based on education, training and experience and the student must not be working.
- The policy includes coverage for partial loss of income due to disability.
- Benefits are provided after 90 days of disability until the age of 67 or recovery.
- Loan payoff provision: If you are unable to perform two or more activities of daily living (functional disability) for 12 months, you may be entitled to the repayment of all eligible debt up to $250,000 that you are legally liable to pay for college and/or medical school related education
- A disability occurring during the first 12 months of school will not be covered if it is due to injury or illness diagnosed or treated within the 3 months prior to starting school.
**The above coverage summary is for educational purposes only. Actual policy will govern.
Restrictions & Limitations: If you are totally or partially disabled due to a mental, nervous, or emotional disorder, alcoholism, or drug dependency, but are not hospitalized, a maximum of 24 monthly payments will be paid for the duration of your disability. If hospitalized, benefits will be paid similar to other disabilities.
Guaranteed Portable
Coverage for Graduates
When you complete your dental school program you are entitled to convert your coverage to an individual, portable non-cancelable policy without medical underwriting. The policy you are able to obtain will be based on the policy available in the state you reside in at the time of conversion.
Offer Benefits
- A monthly benefit of up to $2,000/month of coverage. Ability to defer up to $1,000/month of coverage for future use.
- Definition of total disability is defined as the inability to perform your own specialty for the entire benefit period
- Partial disability includes coverage for partial loss of income due to disability.
- Benefits are provided after 90 days of disability until the age of 67 or recovery.
- Plan rates will vary based on such factors as insured‘s age, gender, specialty, smoking status, benefit amount, and state of residence
Request a Personal Proposal
BUG students have the ability have the ability to select from a range of benefit amounts and pricing structures that best address their budgets and personal coverage needs. To obtain a proposal or to arrange a time to speak with a local representative please complete the information requested below.
Keep Me Informed
Please complete the following information to learn more about the nuances of disability insurance and the “Guaranteed Issue” offering for BUG students.
- Information about the issues associated with income protection
- Reminders as you near graduation
- Product changes that may affect the rates or terms of coverage
FAQs
Got questions? We have answers.
FAQS: DURING DENTAL SCHOOL
How much coverage am I provided during dental school?
This coverage is offered through an individual contract that can be maintained throughout your training program and career. It is designed to protect your ability to perform your “own specialty” for the duration of any claim and can guarantee your right to increase the monthly benefit during your practice years.
Do I need to complete any forms to obtain this coverage?
No. Coverage is provided automatically and no forms are required.
Under what terms will I be eligible to receive benefits?
During the first 5 years of a disability, disability means the inability to attend dental school and maintain active status. The student must not be working. After 5 years of disability, disability means the inability to attend dental school and maintain active status. Student must also be unable to perform the duties of any “reasonable” occupation for which the insured is suited based on education, training and experience and the student must not be working.
Are these benefits taxable?
Benefits will be tax free.
How quickly are benefits paid?
Benefits will be provided after 180 days of total or partial disability.
How long will I be eligible to receive benefits?
Benefits will continue until you reach your normal retirement age or no longer satisfy the definition of disability.
Under what terms will I qualify for student loan reimbursement?
If you are unable to perform two or more activities of daily living (functional disability) for 12 months, you may be entitled to the repayment of all the eligible debt up to $250,000 that you are legally liable to repay for college and/ or dental school related education.
What is the maximum of student loan debt that is eligible for reimbursement?
$250,000
Does this coverage exclude any current or pre-existing conditions?
The disability must occur while insured and you must satisfy a period of 90 days during which you are totally disabled. Yes, an injury or illness diagnosed or treated within the 12 months prior to the plan’s effective date will not be covered if the claim occurs during the first 12 months of coverage.
FAQS: COVERAGE FOR GRADUATES
Can I maintain my protection when I complete dental school?
Yes, you can convert your coverage to a permanent and portable individual policy when you are within 3 months of graduation.
Do I have to satisfy any medical underwriting requirements based on current or past medical history in order to qualify?
No. All current and previous medical conditions will be covered
How much coverage is available when I graduate?
You can apply a policy that will provide up to $24,000/year of tax free income.
Do I need to complete any forms to obtain this coverage?
Yes. You will need to complete a short form application
How quickly are benefits paid?
Benefits are paid after 90 days of total or residual (partial loss) disability.
Does this coverage exclude any current or pre-existing conditions?
No. This policy will provide protection for all current and pre-existing medical conditions
Can the term of coverage or the rates be changed at any time?
Once this policy is issued, the insurance company cannot change the policy’s definitions and the rates are guaranteed not to increase until you reach Age 65.
Will this policy be reduced by long term disability benefits provided by a future employer?
The benefits provided through this policy will not be offset by any benefits you receive after your training program.
Can the term of coverage or the rates be changed at any time?
Once this policy is issued, the insurance company cannot change the policy’s definitions and the rates are guaranteed not to increase until you reach Age 65.
Are the benefits available from this policy taxable or tax-free?
If the premiums for this coverage is paid with after tax dollars, benefits will be tax free.
Will I be insured for my ability to perform my own specialty?
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Does this policy provide protection if I am working in a reduced capacity during a recuperative period of from the initial onset of an accident or illness?
Yes, this coverage is designed to provide a proportionate benefit once you satisfy the waiting period and benefits will continue until you reach the end of the benefit period or the percentage loss of income falls below 15%.
How long will benefits be provided?
Benefits will be provided until you reach the Age of 67 or no longer satisfy the definitions of total or residual (partial loss) disability
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