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.
Win Over Business Owners With Exclusive Upgrades
Help business owners protect themselves, their families and their businesses. Tell them about individual disability insurance from The Standard. Then win them over with discounts, upgrades and coverage increases built just for them.
Individual Disability Insurance for Business Owners
- Personal income protection provides valuable income replacement if they become disabled and can’t work.
- Business overhead expense reimbursement insurance helps owners with a disability keep their business running until they’re able to return to work.
- Buy/sell agreement funding insurance helps business partners buy an owner’s interest if the owner becomes disabled. This ensures that the owner with a disability receives fair compensation. And it allows other owners to carry on the business.
Keep Yourself and Your Business Healthy
Gabe D’Angelo, owner of D’Angelo Engineering
Policies: Business Overhead Protector, Platinum Advantage
Gabe D’Angelo is the visionary behind his boutique engineering firm’s success. Luckily, his vision extended to protecting his company’s future with a Business Overhead Protector policy from The Standard.
After Gabe fractured his spine while skiing, his disability kept him out of work for almost a year. His policy reimbursed most of his overhead expenses, including office rent, utilities and employee wages. The policy even covered the salary of the manager who took Gabe’s place while he was recovering.
Thanks to Business Overhead Protector, his firm stayed healthy and Gabe could fully recover — without worrying about keeping the lights on.
Gabe also protected himself with Platinum Advantage income protection insurance from The Standard. He received monthly benefits while he was fully disabled and recovery benefits when he returned to work until his income recovered, too.
This example is for illustrative purposes only.
Business Owner Rewards for Personal Income Protection
The Earned Income Enhancer offers up to $2,000 in additional coverage to business owners. Sometimes, business owners need to protect more than their earned income. We’ll increase their earned income by 20% to calculate insurable income, up to $2,000 subject to issue and participation limits. Business owners must show two years of financial success and own at least 20% of the business.
The Business Owner Discount provides a 10% discount on Platinum Advantage. Who qualifies for this discount? Business owners who have been financially successful for two years, own at least 20% of the business and have at least one full-time equivalent employee.1 Plus, they may qualify for more discounts — such as the Preferred Occupation Discount, Employer-Based Multi-Life Discount or Multi-Product Discount — for up to 35% in premium savings. See the Premium Discounts flyer for ways to combine discounts and save big.
Business owners who’ve started a business in the last year may be eligible for coverage. Business owners must have at least three years of experience in the same field. We’ll check historical W-2 earnings to determine coverage.
Business Owner Rewards for Business Protection
Qualified business owners can upgrade their occupation class when they buy Business Overhead ProtectorSM or Business Equity ProtectorSM. This can result in more coverage, more rider options and reduced premiums.
Buy Business Overhead Protector and qualify for one more upgrade — in addition to the one mentioned above. Get a 10% discount on gender-distinct rates for those already at 5A, the top occupation class.
Business owners in their first year of business can get up to a $10,000 Business Overhead Protector monthly benefit with documented expenses.
1 With Platinum Advantage, the Business Owner Discount is available to all occupations in classes 2A, 3A, 4A and 5A, except for financial advisors, financial planners or insurance producers, or those listed under financial services, entertainment industry or real estate.
In California, the product is Protector PlatinumSM. The discount in California is 15% and there is no requirement to have one FTE employee. With Protector Platinum, the Business Owner Discount is available to all occupations in classes B, A, 2A, 3A, 4A and 5A, except those listed under financial services, entertainment industry or real estate.
Confidence and Compassion
A Note from Greg Ness, Chairman, President and CEO
At The Standard, we’ve been helping people achieve financial well-being and peace of mind since 1906. As the global health crisis continues to disrupt lives, communities and the economy, I am confident we’ll continue helping people when they need us the most. Our company has been through hard times and market volatility before and we will navigate through this challenge as well. As our customers face tremendous stress and uncertainty, we will continue providing support and stability to those who rely on our products and services.
This pandemic is tough on everyone. Our communities are hurting, our families and friends are distressed and some of our most vulnerable neighbors are at risk.
The crisis and the way we collectively respond to it will define a generation. We are rising to the challenge. I know every single employee at our company — along with staying focused on keeping our business running and serving our customers — is looking for ways to make a difference for those most affected by this pandemic. That’s proving true in businesses and homes across the community, the country and around the world.
Part of the tragedy of this disease is that even as we come together to help those most in need, the unique nature of COVID-19 is forcing us apart. We all understand the importance of —social distancing— to slow the spread, but we should remember that’s just physical distancing. I encourage you to find ways to safely connect with those in your neighborhood who may require extra help and with groups in your community that are making a difference and support them however you can. And now is the perfect time to reach out to friends and others and just check in.
To our health care providers, first responders and everyone selflessly setting aside their own fears and concerns to help others during this time — thank you hardly seems enough. These people are true heroes. This crisis reinforces how reliant we are on the many essential services we too often take for granted. We are grateful to so many for continuing to show up with focus and commitment.
We will get through this, especially if we are sustained by the examples of those who make us the proudest right now — family, friends, neighbors and colleagues working together — rather than allowing our fears to guide us. No matter how unsettled we may feel, remember we are not alone. There are so many people in this world trying their level best to help others. And I am certain we will get through this — together.
In times of crisis, we are defined by how we react. Let’s continue to be defined by compassion.
And to our customers, thank you for putting your trust in The Standard. What we sell is a promise to be there when you need us, and that promise is unwavering.
Be safe and well, and stay connected.
Jared's Story: Time for Family
Age: 36 - Occupation: pediatrician - 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.