Transition Rules

New premium rates, new eApply Discount and increased Preferred Occupation Discount

Effective Oct. 5, 2023 in all states except CA, FL, MT, NY, ND, SD, SC and WY

Please note: Both the new eApply Discount and 20% Preferred Occupation Discount are available only on policies issued with new rates. New rates available effective Oct. 5, 2023 may or may not be different for the insured than rates available prior to that date.

New Premium Rates

Fully Underwritten Applications

  • Applications pending an underwriter decision.
    • For applications dated on or before Nov. 4, 2023: New rates will apply if it results in a lower total premium.
      • Applications dated on or before Nov. 4, 2023 must be received in the home office by Dec. 4, 2023 to be considered for the pre-Oct. 5, 2023 rates.
    • For applications dated on or after Nov. 5, 2023: New rates will apply.
  • Policies pending delivery or accepted with an effective date on or after Sept. 5, 2023: If the new rates result in a lower total premium, the agency may request the policy be reissued with the new rates. The request must be received in the home office by Nov. 5, 2023.
  • Policies with an effective date before Sept. 5, 2023: Policyowners must submit a new application to receive the new rates. This would result in a cancellation/replacement of the existing policy, at attained age with a current effective date.

Increase Options

  • Increase options that are pending an underwriter decision with an increase effective date on or after Sept. 5, 2023: Eligible applicants will receive the new rates if it results in a lower total premium.
  • Increase options pending delivery or accepted with an effective date on or after Sept. 5, 2023: If the new rates result in a lower total premium, the agency may request the increase be reissued with the new rates. The request must be received in the home office by Nov. 5, 2023.
    • If the increase was added to an existing policy, the increase will be reissued as a new policy with new rates.
  • Increase options with an effective date before Sept. 5, 2023 are not eligible for new rates.
  • Increase options with an effective date on or after Nov. 5, 2023 will be issued with the new rates.

eApply Discount

Available only on policies issued with new rates.

Fully Underwritten Applications

  • Applications currently pending an underwriter decision.
    • For applications dated on or before Nov. 4, 2023: The eApply Discount will be applied if both The Standard’s eApp and Electronic Medical Questionnaire have been used for the case and, when issued with the new rates, results in a lower total premium.
    • For applications dated on or after Nov. 5, 2023, policies: If both The Standard’s eApp and Electronic Medical Questionnaire have been used for the case the eApply Discount and new rates will apply.
    • If a TeleApp was already completed for the case, the discount is not available.
    • If a Full Underwriting Application Supplement was not completed using TeleApp or Electronic Medical Questionnaire, the discount may be available if an Electronic Medical Questionnaire is completed before a final underwriting decision is made. Please contact your Customer Management Specialist with questions.
  • Policies pending delivery or accepted with an effective date on or after Sept. 5, 2023: If both The Standard’s eApp and Electronic Medical Questionnaire were used for the case, the agency may request the policy be reissued with the new rates and the discount added. The request must be received in the home office by Nov. 5, 2023.
    • If both The Standard’s eApp and the Electronic Medical Questionnaire were not originally used for the application process, the discount is not available.
  • Eligible insureds with policies that have an effective date before Sept. 5, 2023: Policyowners must submit a new application using both The Standard’s eApp and the Electronic Medical Questionnaire to receive the discount. This would result in a cancellation/replacement of the existing policy at attained age with a current effective date and new rates.

Increase Options

  • The eApply Discount must be on the base policy for an increase option to receive the discount whether or not the increase option application is applied for using the IO electronic application.

20% Preferred Occupation Discount

Available only on policies issued with new rates.

Fully Underwritten Applications

  • Applications currently pending an underwriter decision.
    • For applications dated on or before Nov. 4, 2023: The 20% Preferred Occupation Discount and new rates will apply if it results in a lower total premium.
    • For applications dated on or after Nov. 5, 2023, policies: The 20% Preferred Occupation Discount and new rates will apply.
  • Policies pending delivery or accepted with an effective date on or after Sept. 5, 2023: For eligible insureds, the agency may request the policy be reissued with new rates and the 20% discount. Requests must be received in the home office by Nov. 5, 2023.
  • Eligible insureds with policies that have an effective date before Sept. 5, 2023: Policyowners must submit a new application for eligible insureds to receive the 20% discount. This would result in a cancellation/replacement of the existing policy at attained age with a current effective date and new rates.

Increase Options

The Preferred Occupation Discount must be on the base policy for an increase option to receive the discount.

  • Increase options for policies with the Preferred Occupation Discount that are pending an underwriter decision with an increase effective date on or after Sept. 5, 2023: Eligible applicants will receive the new rates with a 20% discount.
    • If the higher discount with the new rates is issued, it will be in the form of a new policy.
  • Increase options pending delivery or accepted with an effective date on or after Sept. 5, 2023: Agencies may request the increase be reissued for eligible insureds with the new rates and 20% discount. Request must be received in the home office by Nov. 5, 2023.
    • If the increase was added to an existing policy, the increase will be reissued as a new policy with new rates and the 20% discount.
  • Increase options with an effective date before Sept. 5, 2023 are not eligible for the 20% Preferred Occupation Discount for past increases.