Platinum Advantage

Give clients a product that matches their occupation and unique needs at the right price. They'll pay for only what they want and need. And when your clients have a claim, we'll be here to help.

What Makes Platinum Advantage Unique?

The Family Care Benefit helps clients take time away from work to care for a family member with a serious health condition.1 This benefit, exclusive to The Standard, provides a monthly benefit if an employee works at least 20 percent fewer hours and has an income loss of 20 percent or greater.

Key Features
Family Care Benefit
Regular Occupation Definition of Total Disability
Guaranteed Renewable Policy
Total Disability Benefit
Presumptive Disability Benefit
Flexibility You Can Use
Residual Disability
Residual Disability
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Provide your clients a benefit if they are residually disabled, rather than totally disabled, based on loss of income, duties and/or time. Platinum Advantage comes with three residual disability benefit options: Enhanced, Basic and Short-Term.2

Own Occupation
Own Occupation
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Offer coverage for highly specialized professionals who become disabled and are unable to perform the substantial and material duties of their regular occupation, even if they can work in another occupation for wage or profit.

Noncancelable rider
Noncancelable
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With the Noncancelable Policy Rider,3 premiums and policy provisions will be locked in for the duration of the policy. We won't cancel the policy, raise premium rates or reduce coverage as long as the premiums are paid on time.

Included With a Platinum Advantage Policy

  • Family Care Benefit1
  • Regular Occupation Definition of Disability5
  • Guaranteed Renewable Policy
  • Total Disability Benefit
  • Presumptive Disability Benefit
  • Rehabilitation Benefit
  • Survivor Benefit
  • Premium Waiver Benefit
  • Choice of Benefit Periods
  • Transplant Surgery Disability Benefit

Options

  • Residual Disability Rider (Enhanced, Basic or Short-Term)2
  • Benefit Increase Rider
  • Own Occupation Rider
  • Noncancelable Policy Rider3
  • Automatic Increase Benefit Rider
  • Catastrophic Disability Benefit Rider6
  • Indexed Cost of Living Benefit Rider
  • Student Loan Rider4
  • 24-Month Mental Disorder/Substance Abuse Limitation7

The Family Care Benefit

Platinum Advantage income protection insurance includes our exclusive Family Care Benefit. Listen to real people talk about how they’d welcome the help if they had to care for a seriously sick or injured family member.

 

 

 

Consumer Brochure

Consumer brochure

Protect Your Lifestyle
Platinum Advantage Is
Income Protection Made for You

See the brochure for CA, CT, DE, DC,
FL, MT, NY, ND and SD.

 

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Product Reference Guide
Reference guide
Marketing Materials
Marketing materials
Applications & Forms
Applications and forms

Interested in reaching more customers?

We've designed a versatile income protection product that works for a wide range of individuals.

Contact your General Agent to learn more about Platinum Advantage.

Legal

1 The Family Care Benefit is not available in California, Connecticut or New York. Family members include a client's spouse or domestic partner, parents and children (including adopted children, stepchildren and children of the client's domestic partner).

2 In California, a residual disability rider is required. The Enhanced or Short-Term Residual Disability Rider will be added automatically, determined by occupation class. The Basic Residual Disability Rider is not available in California.

3 Noncancelable policy provisions are incorporated into the base policy in Florida.

4 Not available in Connecticut or New York.

5 In Florida, during the first 12 months of disability, your client may be working in another occupation and still be considered totally disabled.

6 The Catastrophic Disability Benefit Rider is not available in Connecticut. In California, a Catastrophic Disability Benefit will be paid only if the insured individual is presumptively disabled.

7 Upper occupation classes may choose unlimited Mental/Nervous coverage or a 24-month benefit limitation. Lower occupation classes and all California policies will receive the limitation.

 

This information is intended only for insurance producers and not for the general public.

This is only a brief summary of the features and riders available in the policy. This is not a contract. Any coverage issued is subject to the terms of the actual policy. Some products and riders may not be available in all states and some policy provisions may vary by state. Optional riders are subject to underwriting and reinsurance availability. Additional optional riders may increase premiums. A medical exam may be required when your client applies for a policy.

The policy has exclusions and limitations and terms under which the policy may be continued or discontinued. For costs and complete details of coverage, please contact The Standard.

The Standard is a marketing name for Standard Insurance Company (Portland, Oregon), licensed in all states except New York, and The Standard Life Insurance Company of New York (White Plains, New York), licensed only in New York. Products and availability vary by state and are solely the responsibility of the applicable insurance company.

© 2021 StanCorp Financial Group, Inc.