Platinum Advantage Issue & Participation Limits Increase
We’re increasing Platinum Advantage fully underwritten issue and participation limits for your top clients, effective July 13, 2022.
Physician applicants age 18-55 in occupation classes 5P, 4P, 4S and 3P will be able to apply for monthly benefits as high as $30,000. And 5A and 4A applicants age 18-64 will be able to apply for up to $35,000 in monthly coverage. Both applicants applying for new policies and policyowners applying for coverage increases will be eligible for the new issue and participation limits. These limits also apply to Protector Platinum Future Purchase Options issued on Platinum Advantage.
Updated Platinum Advantage Issue & Participation Limits
| Occupation Classes | Issue Age | Monthly Coverage | ||
| Maximum Issue From The Standard | Maximum Participation | |||
| With Other Carriers' IDI Coverage | With Group LTD From Other Carriers and/or The Standard1 | |||
| 5A, 4A | 18-64 | $35,000 | $35,000 | $35,000 |
| 3A | $15,000 | $25,000 | $25,000 | |
| 2A | $10,000 | $10,000 | $15,000 | |
| 5P, 4P, 4S, 3P | 18-55 | $30,000 | $30,000 | $35,000 |
| 56-64 | $15,000 | $25,000 | $30,000 | |
| 3D, 2P | 18-55 | $20,000 | $30,000 | $35,000 |
| 56-64 | $15,000 | $25,000 | $30,000 | |
| A, B | 18-64 | $8,000 | $8,000 | $10,000 |
We’ll update The Standard’s Illustration Software, eApp and IDI Product Guide on July 13. You’ll find updated maximum benefit amounts in relation to income in the product guide too. Please contact your sales consultant if you have questions. See transition rules.
For Producers Only