Tools to Help You Sell to Medical Residents

You know it’s important for physicians to protect their incomes from the start — and throughout their career. We want to make it easy. Help your medical resident and fellow clients lock in strong income protection from The Standard with discount and underwriting programs just for them:

• Competitive rates. New physicians can access our strong Platinum Advantage contract.
• Special discount for medical residents and fellows. We offer a 15% Residency Multi-Life Discount.
• No medical exams required for any amount of coverage during the six months before and after they complete their training.
• No proof of income required for monthly benefits up to $7,500, if they purchase within six months before they complete their training or within their first two years in practice.
• Benefit flexibility. Residents and fellows can buy a policy with monthly benefits as low as $1,000. Or they can purchase a larger monthly benefit, up to issue and participation limits. They must submit a signed employment contract to apply for benefits higher than $7,500 a month.

Why Medical Residents Choose The Standard

We designed Platinum Advantage with doctors in mind. Provisions like Specialty Own Occ, the Student Loan Rider and the Family Care Benefit provide a first-class IDI policy for physicians. With Platinum Advantage, your clients can:

• Increase coverage later with built-in riders. With the Benefit Increase Rider, all policyowners can increase their coverage up to issue and participation limits with only proof of income. In addition, medical residents and fellows can increase their coverage within 12 months after they complete their training.
• Take time for family. The Family Care Benefit allows policyowners to collect benefits if they take time away from work — and lose income — to care for a family member with a serious health condition. It’s included in the base Platinum Advantage policy.
• Protect income earned from a specialty. If your clients buy the Own Occupation Rider, they may be eligible for disability benefits if they can no longer perform their specialty but choose to work in another specialty or occupation.
• Make sure student loan payments are covered. Add the Student Loan Rider and we’ll reimburse a totally disabled policyowner for student loan payments made while on a claim.

Learn more about Platinum Advantage features and share Income Protection for Residents with your medical resident and fellow clients. It can help you showcase The Standard’s strong income protection coverage designed just for them.

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