4 Client Types Who Can Rest Easy With Platinum Advantage

Craft the perfect income protection solution by selecting Platinum Advantage provisions that meet your clients’ specific needs. A variety of optional riders build upon an already-strong contract, allowing your unique clients to prepare themselves for potential income loss scenarios they may be more likely to experience.   

Here are four examples of client types and provisions that offer income protection to meet their specific profession and/or lifestyle needs.

1. The Family Man (or Woman). We all have family we care deeply for. But some clients are more likely to miss work to care for a child or an aging parent with a serious health condition due to injury or sickness. Clients who need to protect their incomes while facing the possibility of leaving work to care for a family member will appreciate the Family Care Benefit, exclusive to The Standard. This benefit helps policyowners cover expenses if they lose work time and income while caring for a qualified family member with a serious health condition.

The Family Care Benefit can resonate with “sandwich-generation” clients as well as female professionals whose families rely on their income.

1. The College Grad. Professionals in the early stages of their careers are likely to see substantial increases in their earning power as they stack up experience — and raises. These young career-focused clients will appreciate the effects of the Automatic Increase Benefit rider and the Benefit Increase Rider, which allows them to increase their income protection coverage to keep pace with pay raises and promotions. Additionally, new physicians and dentists just out of school will want to ensure their extensive college loans will continue to be paid in the event of a disabling event, making them excellent candidates for the Student Loan Rider.

Ease the financial concerns of new professionals as they embark on their careers by telling them about these coverage options.

1. The Small-Business Owner. The immense responsibility placed on business owners can be overwhelming. Lessen their worry about a disabling sickness or injury affecting their income by telling them about the Enhanced Residual Disability Rider, the most comprehensive of Platinum Advantage’s three residual disability riders.

Under this rider, policyowners who are disabled but still able to work, may be paid benefits if they experience one of the following during the benefit waiting period: lost income or fewer duties or less time. After the waiting period, a loss of income must be documented. In addition, this rider can help business owners make up for missed income while they’re rebuilding revenue after a period of disability.

Show business owners how the right residual rider can help cover income gaps — even when payments for past work are flowing in, and even when they're back to work but their full earnings haven't yet caught up.

1. The Doctor. Medical professionals seeking a strong income protection contract tailored to their careers and lifestyles need look no further. The Own Occupation Rider available with Platinum Advantage can protect their high incomes in the event that they can't continue in their own profession — even if they can work in another occupation. Furthermore, those in high-stress occupations will appreciate our full Mental Disorder/Substance Abuse coverage, available to most physicians.

Talk to physicians, surgeons and dentists about the variety of flexible options that meet their high-value needs, and show them that Platinum Advantage is the right product at the right price.

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