You can close more sales by emphasizing Platinum Advantage’s top quality and great value. No matter where your clients are on their career paths, they’ll appreciate knowing you’re looking out for their needs and budgets. The overview below shows how to make the most of our Multi-Life, Residency and Business Owner discounts and rewards. Note that discounts apply to gender-distinct rates.1
We offer a 10% discount on each policy when we receive applications on three or more lives from the same employer — or two business owners — within six months. You can also offer this discount to contract workers (Form 1099) sharing a common worksite.
The Residency Multi-Life Discount applies when we receive applications on at least three resident or fellow lives within a six-month period. The discount can be established at programs accredited by the Accreditation Council for Graduate Medical Education, the American Osteopathic Association and the Commission on Dental Accreditation. Learn more by checking out this recent article: The Resident Sales Opportunity With The Standard and find established Residency Discount programs.
Qualifying business owners can receive a Business Owner Discount of 10% on Platinum Advantage and a 15% discount on Protector Platinum.3 They may also be eligible for a 10% Employer-Based Multi-Life Discount if two or more owners of the same business purchase policies. You can layer those discounts with a Multi-Product Discount of 5% if the same client also purchases a Business Overhead ProtectorSM or Business Equity ProtectorSM policy. Your clients may even be eligible for Business Owner Rewards (New York version), such as upgraded occupation classes or increased coverage limits.
Ready to put more discounts to work for your clients? You’ll find details in our Premium Discounts Flyer and Online Reference Product Guide.
1 All Montana policies are issued as gender neutral, so discounts will apply to the gender-neutral rates.
2 At institutions with an established Multi-Life Residency Discount; a 10% Employer-Based Multi-Life Discount is available to all other employees, subject to underwriting approval.
3 Protector Platinum is only available in California.
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.
