The Standard is a marketing name for Standard Insurance Company (Portland, Oregon), licensed in all states except New York, and The Standard Life Insurance Company of New York (White Plains, New York), licensed only in New York. Products and availability vary by state and are solely the responsibility of the applicable insurance company.
Discounts for All Employees at Residency Discount Institutions
We’ve expanded our Platinum Advantage discounts to help boost your business at residency institutions.
You can now offer a 10 percent discount to all employees of institutions that have an established Residency Multi-Life Discount. This means you can secure discounts for more prospects at those institutions — not just residents and fellows.
Here’s How It Works
If an ACGME, AOA or CODA sponsoring institution has an established Residency Multi-Life Discount for its residents and fellows, you can offer a 10 percent Employer-Based Multi-Life Discount to other employees, such as attending physicians or administrators.
Starting immediately, the 10 percent Employer-Based Multi-Life Discount will be available to institutional employees who buy fully underwritten income protection coverage.
And if the Residency Multi-Life Discount is terminated? We’ll keep the Employer-Based Multi-Life Discount available as long as there are fully underwritten policies on two unique lives in force at the institution.
Check out our list of Residency Discount Institutions where a 10 percent discount is already available to residents — and where the Employer-Based Multi-Life Discount now applies to other institutional employees.
Platinum Advantage for Residents
Platinum Advantage is a strong contract built to meet the unique needs of physicians. Plus, we use special underwriting rules for residents. These combined with the Residency Multi-Life Discount provide quality income protection at a great value for your resident and fellow clients.
See The Resident Sales Opportunity With The Standard for special underwriting opportunities for residents and fellows only. And share Platinum Advantage for Residents to showcase the strength of Platinum Advantage.
Jared's Story: Time for Family
Age: 36 - Occupation: trial attorney - Married, one child
How the Family Care Benefit provided the ability to care for a loved one
Jared's daughter was born with a heart defect. They visited multiple specialists to diagnose the condition and determine the appropriate treatment. Then his daughter underwent surgeries, hospital stays and months of follow-up appointments. Benefits from Jared’s Platinum Advantage policy helped make up for the income lost when Jared spent time away from work to attend physician appointments and to be with his daughter in the hospital and throughout her extended recovery — providing peace of mind during a trying time.
Supportive Office Equipment
Age: 42 - Occupation: accountant - Married, no children
Assistance on the road to recovery through a rehabilitation program
Jody's role as an accountant at a small firm requires a lot of computer work. After sustaining a serious back injury from a car accident, Jody was totally disabled under her Platinum Advantage policy. Jody’s doctor recommended she purchase assistive equipment to help her work comfortably at her desk without aggravating her condition. She was able to return to work full time after participating in a rehabilitation program in which expenses for a sitstand desk and other ergonomic accommodations were paid for under her Platinum Advantage policy. These modifications helped ensure she could return to work safely, without hindering her recovery.
David's Story: Starting a Medical Career
Age: 33 - Occupation: dermatology physician - Single, no children
Benefits that match career growth through the Benefit Increase Rider
David is completing his dermatology residency and just accepted an offer at a private practice. Before the end of his residency, he purchased a Platinum Advantage policy that included the Benefit Increase Rider, knowing his income will rise significantly after he starts his first post-residency job. The benefit also will allow his policy to grow with him as he progresses in his career and receives additional salary increases. David values the fact that his coverage going forward will match his developing career.
Jason's Story: Accidents Happen
Age: 35 • Occupation: orthopedic surgeon • Married, two children
Finding work in a new occupation with the Own Occupation Rider
Jason injured his right hand in an accident and was unable to return to his job as an orthopedic surgeon because he couldn't perform surgery. Due to his medical training, he was able to return to work as a family medicine physician. Jason was considered totally disabled in his regular occupation as an orthopedic surgeon — even though he earns an income from another occupation as a family medicine physician — because of the own occupation definition of total disability included in his Platinum Advantage policy. Because of this, he receives the policy's full basic monthly benefit, in addition to the income he receives in his new position.