Student Loan Protection

Long Term Disability

Student Loan Protection

Your diploma may come with high student loan debts.  The effects of a disability early on in your career — when student loan balances are at their highest — could have long-lasting consequences. Unlike other kinds of debt, under current law, federal student loan debt cannot be discharged during bankruptcy. So it makes sense to safeguard your ability to continue loan payments during a period of disability.

A Student Loan Protection Rider reimburses you for student loan payments — no matter how many you have, or how many institutions they’re with.

A Student Loan Protection Rider lets you:

    • Obtain additional coverage

      — up to $2,500/month 1. — above what you might otherwise qualify for, based on your income

    • Tailor coverage to your specific debt

      — reimburses $250-$2,500 per month toward student loan payments 2.

    • Choose a rider duration

      — 10 or 15 years 2. Adding this option is easy. No loan documentation is required at the time you buy your policy and/or this rider.

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Reimburses $250-$2,500 per month toward student loan debt incurred from degree-granting institutions: up to $1,000 if pursuing or holding an undergraduate degree; up to $2,000 if pursuing or holding an advanced degree (i.e., degree beyond undergraduate); up to $2,500 for physicians (MD or DO).
This rider provides coverage for a period of 10 or 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.

Alum LTD is a 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.

Source: Page 10: Live the Life You Love, Always – An Income Protection Guide

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