Make Sure Your Clients’ Coverage Increases With Their Income

Have your clients experienced gains in income over the past few years? If so, make sure you’re ready to increase their coverage with Platinum Advantage Benefit Increase Rider.

As your clients’ incomes grow, their income exposure increases. Make sure you increase their coverage to keep pace with their income. This will help protect their financial futures if they experience a serious illness or injury. With the BIR, eligible policyowners can raise their coverage every three years on the policy option date. And they don’t need to submit any additional medical information. This is the income protection they’ll need to cover their current expenses and lifestyle.

Applicants age 50 or younger who accept 75% or more of the offered base-contract coverage for which they qualify may be eligible for this no-cost rider. The BIR offers:

• Option to apply to increase coverage every three years
• Boost to first-year commissions with each coverage increase
• No medical underwriting
• Proactive support from The Standard to help manage your increase opportunities

To keep the BIR in force, your clients need to complete the short application and submit current income information. And they must accept 50% or more of the increase they qualify for.

Some customers may even qualify for accelerated benefit increases if they’ve received at least a 30% increase in pay recently. Take a look at the BIR flyer for more information on the accelerated benefit increases.

BIR is a simple way to make sure clients’ incomes don’t outpace policy coverage or increase their income exposure.

For benefit increase solutions, visit your Benefit Increase Rider Toolkit.

For Producers Only