Lower Rates, Larger Discounts
Effective Oct. 5, 2023, we’re adjusting our rates and increasing discounts for The Standard’s Platinum Advantage fully underwritten and Graduate Medical Education income protection insurance to help you and your producers sell more.
Rate Changes
We’ve reduced Platinum Advantage rates for many occupations. You’ll see more competitive rates for men ages 41 and up for non-medical occupation classes (5A, 4A, 3A, 2A, B and A). Plus, we’re introducing state-specific pricing, which allows us to offer even more competitive rates in many states. Rates will decrease by 5% in 18 states and will increase in six. See the full list of state-specific rate changes below.
| State-Specific Rate Changes | ||
| 5% Lower | 5% Higher | 10% Higher |
| CT, DE, GA, IA, IL, IN, KY, MA, MD, MN, NC, NE, OH, PA, SC, TN, TX, WI | NV, OR, RI, WA | AZ, NY |
Please note these changes are not yet available in NY, FL, CA, SD, ND, WY, MT or SC. See the details in our IDI Online Reference Product Guide.
Additionally, we’ve increased rates for the Cost of Living Adjustment rider and 3D occupation classes.
New and Bigger Discounts
We’ve increased the Preferred Occupation Discount* to 20% to enhance competitiveness for professional and executive occupations.
And we’ve added a new 5% eApply Discount.* We know using online tools helps save time for your producers and clients. With quick fill-and-sign features and built-in checks, The Standard’s eApp and Electronic Medical Questionnaire help applicants apply for individual disability insurance quickly and avoid time-consuming errors.
eApply Discount provides 5% off Platinum Advantage when applicants use both The Standard’s eApp and Electronic Medical Questionnaire. It’s a no-brainer to move all IDI applications online.
All this means prospects can now combine discounts for a total of up to 50% off Platinum Advantage! Share the IDI Premium Discounts flyer with producers so they can offer their clients the opportunity to save.
At The Standard, we are focused on offering strong income protection solutions with competitive rates. Help your producers deliver more value to their clients with Platinum Advantage.