Considering Lloyd’s Coverage With Platinum Advantage

October 16, 2019

Considering Lloyd’s Coverage With Platinum Advantage

Now your top clients with Lloyd’s of London coverage can get even more coverage from The Standard. We’ve changed how we consider Lloyd’s coverage with Platinum Advantage. If an applicant reaches the maximum issue and participation limits based on occupation, we’ll allow the applicant to also apply for Lloyd’s coverage at the same time. This won't reduce the benefit amount for their policy from The Standard.

If the applicant hasn’t reached the maximum I&P limits, we’ll integrate with Lloyd’s coverage up to I&P limits based on income. For GSI, the maximum participation replacement rate is 60%.

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