Platinum Advantage offers the ultimate flexibility around residual disability coverage. Determining which rider is right for your customer is a matter of understanding the coverage gaps they’re most likely to experience. We offer Basic, Short-Term and Enhanced Residual Disability riders so you can offer the right solution for each customer.
Residual Riders Defined | |
|---|---|
| Basic Residual Disability Rider | Occ. Classes: All classes except A and B Benefits: Guaranteed to be at least 50% of the basic monthly benefit for the first 6 months; after 6 months benefits paid may be more or less than 50%, depending on loss of income Based on: A loss of income and a loss of either time or duties Recovery Benefit: Paid if insured returns to same occupation and has a loss of at least 20% income due solely to the same disability |
| Enhanced Residual Disability Rider | Occ. Classes: 3A, 3P and higher Benefits: Guaranteed to be at least 50% of the basic monthly benefit for the first 12 months; after 12 months benefits paid may be more or less than 50%, depending on the loss of income Based on: Loss of time or duties or income during the benefit waiting period After Benefit Waiting Period: Insured is considered residually disabled if working in regular or any other occupation and experiences a loss of income Recovery Benefit: Paid if insured returns to work in own or other occupation and has at least 20% income loss due solely to the same disability |
| Short-Term Residual Disability Rider | Occ. Classes: 2A, 2P, A and B Benefits: 50% of the basic monthly benefit up to 6 months Based on: A loss of income of 20% or more and a loss of either time or duties during and after the benefit waiting period |
Relevant Marketing Materials
- Platinum Advantage Interactive Consumer Brochure
- Residual Riders Interactive Brochure
- Platinum Advantage Consumer Brochure
- Platinum Advantage Consumer Brochure (FL, MT, NY, ND, SD, WY)
- CA Platinum Advantage Consumer Brochure
Examine the Contract Language
- Platinum Advantage Annotated Sample Policy — pages 27-36
- Platinum Advantage Annotated Sample Policy (FL, MT, NY, ND, SD, WY) — pages 27-36
- CA Platinum Advantage Annotated Sample Policy — pages 26-35
- NY Platinum Advantage Annotated Sample Policy — pages 24-33
GSI Platinum Advantage
- Platinum Advantage GSI Annotated Sample Policy — pages 27-36
- Platinum Advantage GSI Annotated Sample Policy (FL, MT, NY, ND, SD, WY) — pages 27-36
- Platinum Advantage GSI Annotated Sample Policy (CA) — pages 26-35
- Platinum Advantage GSI Annotated Sample Policy (NY) — pages 23-32
Sales Resource for Producers Only
Looking for more info? Check out these IDI Connect articles
- Offer 3 Residual Choices for When Clients Can’t Work Full Time
- 3 Keys to Recommending a Residual Rider
- Top 3 Reasons You Need a Residual Rider
- Quiz: Can You Pick the Best Residual Rider?
- Know-It-All: Which Residual Rider Is the Right Choice?
- Meet Client Needs With the Right Residual Option
- Match the Residual Rider to the Client Need
Marketing Resources Toolkits
We’ve grouped resources to provide information and marketing materials by subject.