California GSI Plans Moving to Platinum Advantage

GSI plans in California will move to Platinum Advantage GSI for newly eligible employees. The change will be effective July 1, 2020.

What's Changing?

We'll issue Platinum Advantage policies to all newly eligible employees in California, starting July 1, 2020. Employees issued policies before July 1 will receive a policy on their plan’s current product. Please note that this change doesn’t affect current policyowners. We’ll process all future renewal increases on an individual’s existing product type. For example, clients with Protector Platinum policies will receive all future coverage increases on Protector Platinum, if eligible. 

Notify Your Groups by April 1, 2020

We'll send MGA and SMP offices the Notice of Change and Platinum Advantage offer letter for each case in mid-March. Please deliver these letters to the client groups by April 1, 2020, to meet the requirement of providing 90 days of notice. A client signature is not necessary. Please assure your clients that the Platinum Advantage policies issued will match the benefits provided by the previous product as closely as possible.

Please reach out to your GSI account manager with questions.

For Producers Only

More About Updates
We're adjusting our Platinum Advantage rates and extending discounts to more states. These adjusted rates and discounts for The Standard’s fully underwritten Platinum Advantage product are now available in all states except South Carolina.
The Standard’s Electronic Medical Questionnaire is now available in all states except New York and South Carolina.
Our new sales consultants have extensive individual disability insurance experience and will report to Joe Boland, our new manager, sales operations.
We’ve lowered rates on Platinum Advantage, increased the Preferred Occupation Discount to 20% and launched a new 5% eApply Discount.