The Standard Disability Insurance Review

Basics

Founded	1906
A.M. Best rating	A
BBB rating	A+
Company info	“Approximately 8 million people across the country depend on The Standard for financial products and services to help them confidently pursue their dreams. But even more than our products, it is our recognized expertise, strength and singular focus on our customers that inspire confidence.”

Ratings

Evaluation	4.75/5 - The Standard is one of the largest disability insurers in the U.S. for both individuals and employers. The Platinum Advantage and Protector Platinum products offer the strongest guarantees available and their flexible riders let you customize the disability coverage to best meet your goals.
Contract	5/5
Application process	5/5
Customer service	5/5
Underwriting	4/5

Base Policy Details*

Product name	Platinum Advantage or Protector Platinum
Elimination period	60 days, 90 days, 180 days, 360 days
Benefit period	2 year, 5 year, 10 year, Age 65, Age 67
Definition of disability	Regular Occupation; True Own Occupation via rider
Guarantee	Guaranteed Renewable (Non-cancelable via rider)
Partial/residual disability	Available via rider

Built-in Features*

Automatic Increase Benefit	Automatic benefit increase of 4% for the first five years, unless declined.
Benefit Increase Rider	Allows future increases to the coverage without evidence of medical insurability.
Family Care Benefit	Pays a benefit when there is a 20% or more loss of income due to caring for a family member during a serious illness.
Presumptive Total Disability Benefit	Presumes total disability if you lose sight, hearing, speech, hands, or feet, regardless of earnings or waiting period.
Rehabilitation Benefit	Vocational training and education to help return to work.
Survivor Benefit	Lump sum benefit paid if insured dies while on claim.
Premium Waiver Benefit	Premiums waived after claim is approved.
Business Owner Discount	Discounted premiums for business owners with employees.

Additional Riders Available*

Basic, Enhanced, or Short-term residual	Three options to cover residual disabilities if sickness or injury result in a loss of income.
Non-cancelable	Prevents the carrier from increasing the premiums at any point.
Indexed Cost of Living Benefit	Increases the monthly benefit while on claim.
Catastrophic Disability Benefit	An additional monthly benefit is paid if you cannot perform two or more Activities of Daily Living.
Own Occupation Rider	Allows you to continue to receive benefits while working in another occupation.
Student Loan Benefit	Pays an additional benefit to cover qualified student loan expenses.

*Subject to availability based on individual applicant’s personal profile.

Last updated on Mar 19th 2018

Security you can trust

Yes, we have to include some legalese down here. Read it larger on our legal page. Policygenius Inc. (“Policygenius”) is a licensed independent insurance broker. Policygenius does not underwrite any insurance policy described on this website. The information provided on this site has been developed by Policygenius for general informational and educational purposes. We do our best efforts to ensure that this information is up-to-date and accurate. Any insurance policy premium quotes or ranges displayed are non-binding. The final insurance policy premium for any policy is determined by the underwriting insurance company following application. Savings are estimated by comparing the highest and lowest price for a shopper in a given health class. For example: for a 30-year old non-smoker male in South Carolina with excellent health and a preferred plus health class, comparing quotes for a $500,000, 20-year term life policy, the price difference between the lowest and highest quotes is 60%. For that same shopper in New York, the price difference is 40%. Rates are subject to change and are valid as of 2/17/17.