Increase Option eApp Now Available in New York
Effective August 7, 2024, The Standard’s Increase Option eApp is now available in New York. With this addition, the Increase Option eApp is now available in all states.
With Increase Option eApp, you and your clients can enjoy a simple application in a convenient online experience. Clients sign and submit the Increase Option eApp online, making processing times shorter than paper applications.
Simple, Convenient Application
This application is already available if you have a My Home account with The Standard, and access to Disability Insurance Applications.
It’s easy to start your increase or renewal application. Simply:
- Fill in your agency information.
- Complete the built-in Producer Information Report where you can credit up to four producers.
- Provide client information, including the type of increase or renewal applying for. (You can also upload income documentation or illustration documents.)
- Send the online increase option application to your client. (No producer signature is required. Your client will review, complete and sign electronically.)
With Increase Option eApp, clients can apply for these increase and renewals:
| Products | Purchase or Renew Increase Option | Accelerated Increase Option | Renew Automatic Increase Option |
|---|---|---|---|
| Disability Income | X | X | X |
| Business Buy-Out Expense | X | ||
| Business Overhead Expense | X |
To help you get started, make sure to review the Increase Option Interactive Guide. It will help you navigate this new application. It also provides information on renaming your applications, sending applications to clients and the signing process.
For Producers Only
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