The Standard Disability Insurance Review

The Standard is one of the nation’s largest and best-respected providers of long-term disability insurance, trusted both by individual and employers alike. They offer both flexibility and an ironclad coverage guarantee, earning one of our highest rankings.

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Tim TorresReviews EditorTim Torres is a former reviews editor at Policygenius, where he specialized in life insurance, homeowners insurance, auto insurance, and more. His work has also appeared in PC Mag, Tom's Guide, Tech Times, and elsewhere.

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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.

  • Business owner discount. Discounted premiums for business owners with employees.

  • 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.

  • Premium waiver benefit. Premiums waived after claim is approved.

  • 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.

Available riders

  • Basic, enhanced, or short-term residual. Three options to cover residual disabilities if sickness or injury result in a loss of income.

  • Catastrophic disability benefit. An additional monthly benefit is paid if you cannot perform two or more activities of daily living.

  • Indexed cost of living benefit. Increases the monthly benefit while on claim.

  • Own occupation rider. Allows you to continue to receive benefits while working in another occupation.

  • Non-cancelable. Prevents the carrier from increasing the premiums at any point.

  • Student loan benefit. Pays an additional benefit to cover qualified student loan expenses.

 Available riders may vary by state and individual application.

Ratings

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.

  • Evaluation: 4.75 / 5 

  • Contract: 5 / 5

  • Application process: 5 / 5

  • Customer service: 5 / 5

  • Underwriting: 4 / 5

Company Info

  • Founded: 1906

  • A.M. Best rating: A

  • BBB rating: A+