Voluntary Short Term Disability Insurance

Voluntary Long Term Disability Insurance


Standard Insurance Company provides Voluntary Short Term Disability and Voluntary Long Term Disability insurance to eligible University of Minnesota employees. You are in good company. The Standard is a leading provider of employee benefits products and services and insures more than 29,000 groups covering more than 7.5 million employees across the nation.1

Voluntary Short Term Disability Insurance

Chances are you already purchase home and auto insurance to protect against the loss of or damage to property. So what steps have you taken to help shield yourself and your loved ones from an unexpected loss of income? Would you be able to meet your financial obligations if you became disabled and unable to work?

The University of Minnesota provides you with the opportunity to purchase Voluntary Short Term Disability insurance, which is designed to pay a benefit to you in the event you cannot work because of a covered illness, injury or pregnancy. This benefit replaces a portion of your income, thus helping you meet your financial commitments in time of need.

The risk of disability is greater than most people think. And if you're like most people, you probably think disability is something that only happens to someone else. Here are the facts:

If you are an eligible employee, you have the opportunity to protect yourself and your family by purchasing Voluntary Short Term Disability coverage through The Standard via convenient payroll deduction. You may apply for a monthly disability benefit in any multiple of $100, from $300 per month to the lesser of $5,000 or 66 2/3 percent of your monthly rate of earnings. Your weekly Short Term Disability Benefit is the monthly disability benefit you elect, multiplied by 12 (months), and divided by 52 (weeks).

If you enroll when first eligible and your Short Term Disability claim is approved by The Standard, Short Term Disability benefits become payable at the end of a 7 day benefit waiting period for disabilities caused by physical disease, pregnancy or mental disorder. There is no benefit waiting period for disabilities caused by an accidental injury. No benefits are payable for or during the benefit waiting period.


For answers to commonly asked questions, costs, exclusions, limitations and reductions, please review the Voluntary Short Term Disability Insurance Booklet and Certificate.

top of page

Voluntary Long Term Disability Insurance

Voluntary Long Term Disability (LTD) insurance is designed to pay a monthly benefit to you in the event you become disabled due to a covered illness or injury and you cannot perform the duties of your occupation for a longer period of time than Short Term Disability. This Voluntary LTD benefit replaces a portion of your income, helping you to meet your financial commitments in a time of need.

If your LTD claim is approved by The Standard, LTD benefits become payable at the end of a 180 day benefit waiting period. No benefits are payable for or during the benefit waiting period.

During enrollment you may apply for a monthly LTD Benefit in increments of $50 from $300 to $1,000 or $100 from $1,000 to $5,000 to the lesser of $5,000 or 60 percent of your monthly Predisability Earnings. For more details and answers to commonly asked questions, costs, exclusions, limitations and reductions, please review the Voluntary Long Term Disability Insurance Booklet and Certificate.

top of page


1 Based on Standard Insurance Company's internal data as of June 2006
2 National Safety Council, Injury Facts, 2005-2006 Edition
3 U.S. Census Bureau, Disability Status: March 2003