The Standard Launches New Individual Disability Insurance Product

New Individual Disability Product: Platinum Advantage

Standard Disability Insurance

Recap: Platinum Advantage can be tailored to a client’s profession, income projection and life stage.

  • Platinum Advantage has a premium base benefit which includes a Guaranteed Renewable feature, mental disorder and substance abuse benefits, and strong definitions of disability.
  • Base includes Family Care Benefit at no additional cost (a monthly benefit to policyholders who need to take time off work to care for a family member (a spouse, parent or child) with a serious health condition).
  • Optional riders include a Residual Disability Rider, Noncancelable Policy Rider, Own Occupation Definition Benefit, Indexed Cost of Living Benefit Rider, Catastrophic Disability Rider and a Student Loan Rider.

“Gen X and baby boomer clients are sometimes in a position where they need to provide hands-on care for an aging parent or seriously ill child. These caregiving responsibilities can limit a client’s ability to work and, in turn, his or her income. The Family Care Benefit can help reduce the financial impact of an income loss and medical expenses that often occur when caring for a family member.” – Doug Waters, second vice president of IDI sales at The Standard

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