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.
Special BIR Rules for Medical Residents and Fellows
September 25, 2019
Share Platinum Advantage for Residents to start the conversation about The Standard’s income protection insurance.
Effective immediately, residents and fellows can apply for an accelerated benefit increase during the 12 months after they complete their training. That’s an increase from six months to 12, doubling the BIR special accelerated option for medical residents and fellows. They can apply for an increase up to I&P limits with proof of income or up to new-in-practice limits without income documentation.
Residents and fellows can also apply for an accelerated benefit increase before they complete their training if they have a signed employment contract in place. In this case, the application date must be within six months of starting employment.
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