The Standard Disability Insurance Review

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

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 Oct 5th 2017