Please remember to adjust your illustration to show the benefits offered under the Business Owner Upgrade1 and Earned Income Enhancer.

Business Owner Upgrade*
Under this program, a business owner may be eligible to be written at one occupation class higher than might otherwise be available. This upgrade option applies to Protector PlatinumSM in Ohio, Protector+SM, Business Overhead ProtectorSM and Business Equity ProtectorSM.

This program is not available to medical or dental occupations (2P, 3P, 4P occupation classes), chiropractors, long haul truck drivers, or to those listed under Financial Services, Real Estate or as "No" in the Occupation Classifications section of The Protector Series Product Guide.

Business owners:

  1. must own at least 20% of the business;
  2. must have been financially successful for at least the last two years under the current business arrangement, as supported by appropriate business income documentation; and

* Upgrades are subject to final approval by an underwriter from The Standard. The business must have been in operation for at least two years.

For new business owners with documented expenses, up to $10,000 in monthly benefits is available for Business Overhead Protector.SM

New Policy Owners

Effective 3/4/2010, all new policy owners for Business Overhead Protector business overhead expense disability insurance will receive an upgrade of one occupation class in addition to any increases under the Business Owner Upgrade. In addition, 5A occupations will receive a 10% discount off gender-distinct rates.*** Please see the examples for information on how this works.

*** Discounts cannot be combined for Business Overhead Protector, only one discount per policy. Current multi-life and association discount rules remain in effect. The 10% discount for the 5A occupation class is not available in Florida.

1 Not available with Protector Essential.SM

Earned Income Enhancer
Consider the Earned Income Enhancer as a complement to the Business Owner Upgrade because sometimes the amount of earned income may not accurately reflect the amount of income that needs protection.

The Earned Income Enhancer enables business owners to qualify for up to $2,000 more coverage (within issue and participation limits) not otherwise available to non-business owners in the same occupation class.

  1. Business owners must own at least 20% of the business.
  2. Business owners must have been financially successful for at least the last two years under the current business arrangement, as supported by appropriate business income documentation

To determine the amount of coverage available with the Earned Income Enhancer, use the following calculation:

Earned income × 120% = Amount of earned income used to determine available coverage

The amount of additional coverage cannot be greater than $2,000 and must fall within that occupation’s issue and participation limits.

For producer use only. Not for use with consumers.