Win Over Clients With Platinum Advantage Discounts

Make sure you’re offering your clients all available discounts on Platinum Advantage. We offer five discounts that you can combine for up to 35% off.

Our Employer-Based Multi-Life Discount can help bring in multiple applications from a single source. And our Business Owner Discount, combined with the Multi-Product Discount and the Employer-Based Multi-Life Discount, can add up to big savings for your clients.

Here’s a quick reminder about the Platinum Advantage discounts:

Preferred Occupation Discount

Give top clients an extra 10% off Platinum Advantage with the Preferred Occupation Discount. It’s available to many 5A occupations, such as executives and managers earning more than $75,000 a year, Ph.D economists and scientists, licensed engineers and others.

Employer-Based Multi-Life Discount

Individuals working for the same employer are eligible for a 10% discount if three or more employees — or as few as two business owners — apply for Platinum Advantage within six months. This discount may also apply to contractors sharing a worksite.

Multi-Product Discount

You can offer a discount on Platinum Advantage to policyowners who are also applying for a Business Overhead Protector^® or Business Equity Protector^SM policy at the same time. To qualify for this 5% discount, the client must buy two or more policies concurrently. Use this discount to offer more value and help your clients protect their businesses as well as their incomes.

Business Owner Discount

Qualifying business owners can receive a 10% discount on Platinum Advantage. To qualify, owners must own at least 20% of the business, employ at least one full-time-equivalent employee and provide documentation to show two years of financial success. Certain occupations are excluded. See the The Standard's IDI Product Guide for details.

Residency Multi-Life Discount

The Residency Multi-Life Discount provides residents, interns and fellows at most ACGME, AOA and CODA institutions a 15% discount on Platinum Advantage — up to six months following training completion. Make sure your client’s institution is eligible at the Residency Discount Institutions webpage.

Check out the Premium Discounts flyer to learn how you can combine discounts, offer up to 35% off and deliver the value clients are looking for.