The Standard is pleased to announce
Increased Issue Limits
Effective immediately, maximum issue limits have increased for The Protector+SM and The ProtectorSM individual disability income insurance. All eligible benefit amounts are subject to Issue and Participation limits.
* The Protector is available in California only.
Transition Rules
Pending Business
Pending IDI applications for The Protector+ or The Protector that are in underwriting or have been recently issued, but not yet placed, may be eligible for the increased benefit amounts as a result of these changes. Please contact your Customer Management Specialist.
Policies Already in Force
Policies delivered to the insured on or after 2/4/10 may be exchanged for a policy with the higher benefit amounts by request. The last date to initiate the request for exchange to receive the higher benefit amounts is 4/4/10. Producers whose cases were delivered to the insured before 2/4/10 or those that fall after the 4/4/10 notification deadline must submit a new fully underwritten application in order to receive the new benefit amounts. For more information or to initiate such a change, please contact your Customer Management Specialist.
Any increase in benefit amounts to either pending or in force polices require underwriter approval.
Illustrating the changes
Please download Software Update 243.
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